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During the forecast period (2024-2031), the global disposable blood bags market is projected to reach a value of US$ 255.24 million, growing at a CAGR of 7.47%.
All throughout the globe, medical facilities are swiftly warming up to the concept of transfusing neutralizing antibodies using recovered blood. The rapid adoption of passive immunotherapy using blood and plasma has led to the increased use of these bags for storing and transferring blood during plasma treatment, which in turn has driven market expansion. An all-encompassing analysis of the market is offered by the Global Disposable Blood Bags Market study. Important market segments, trends, drivers, constraints, the competitive landscape, and other aspects are thoroughly examined in the report.
A proliferation of plasma collection facilities and blood donation centers has resulted in an explosion in the demand for disposable blood bags. One of the main reasons why the market for disposable blood bags is growing is because of this. The World Health Organization estimates that there will be about 235 million major surgical procedures carried out globally this year. In 2020, 1,806,590 new instances of cancer were reported in the United States, as per the National Cancer Statistics. To that end, disposable blood bags may become more common as the frequency of cancer procedures continues to rise. We expect this to contribute to the market's growth. Further, as stated in the BusinessLine article, India is intent on meeting the World Health Organization's target of having all blood donations be voluntary by the year 2020. Nevertheless, India receives 11 million blood donations annually. The expansion of the market is facilitated by the variables mentioned before. Additionally, during the projection period, the worldwide disposable blood bags market is anticipated to have lucrative prospects due to an increase in product approvals.
The biomedical device known as a disposable blood bag is used for the collection, transportation, and transfusion of blood and its components. They won't react with blood components because they are composed of biocompatible PVC mixed with the right additives. Because they can break at any moment, glass bottles require special care when washing, rinsing, and autoclaving. Thus, disposable blood bags are chosen over glass bottles. Plasma, platelets, and cryoprecipitate are all parts of blood that can be separated with the help of disposable blood bags. These parts are used to treat a variety of blood illnesses.
Many believe that the COVID-19 pandemic will help drive demand for disposable blood bags around the world. A new infection technique in the COVID-19 pandemic is passive immunotherapy, which involves infusing patients' recovered blood or plasma. Hospitals around the world use the practice of transfusing convalescent blood containing neutralizing antibodies as a tactic. The usage of blood bags is expected to rise due to the growing acceptance of immunotherapy using blood and plasma, which is expected to fuel the market's expansion during the forecast period. Therefore, the market is stifled by the significant danger of blood donation and transfusion.
The analysis period is expected to witness an increase in demand for blood and blood products due to a surge in automotive crashes. According to the World Health Organization, every year, transportation accidents claim the lives of an estimated 1.3 million individuals. Twenty to fifty million more persons experience injuries that do not result in death. For most countries, the cost of road accidents is three percent of GDP. Low- and middle-income countries account for 93% of road deaths, while having around 60% of the world's cars. There will likely have a major effect on the expansion of the worldwide disposable bags industry due to the high blood loss experienced by victims of traffic accidents.
During the forecast period, the global disposable blood bags market is expected to be severely constrained by the lack of a sufficient healthcare infrastructure in low-income nations when it comes to blood collection, storage, and distribution. The worldwide disposable blood bag market is expected to expand over the projected time frame as a result of the growing number of blood-related illnesses and the corresponding increase in the need for blood collection and transfer bags. The National Heart, Lung, and Blood Institute in the United States reports that blood problems affect millions of individuals annually. Red blood cells, white blood cells, platelets, bone marrow, vascular endothelium, and plasma proteins are all affected by bleeding disorders such as hemophilia, anemias, and venous thromboembolism.
One of the key reasons propelling the Global Disposable Blood Bags Market is the increasing number of blood-related ailments and the frequency of car accidents that necessitate blood transfusions. Supportive hematological, trauma, transplant, and cardiovascular surgeries sometimes need blood transfusions. Thanks to innovations in design and manufacturing, disposable blood bags are now more effective, last longer, and are compatible with a wider range of blood products.
Report Coverage
Global Disposable Blood Bags research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Disposable Blood Bags report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Disposable Blood Bags competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Disposable Blood Bags market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Disposable Blood Bags market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Disposable Blood Bags market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Fresenius SE & Co. KGaA, Haemonetics Corporation, MacoPharma, Teleflex Incorporated, Terumo Corporation, Grifols, S.A., HLL Lifecare Limited, Poly Medicure Limited, INNVOL Medical India Limited, Span Healthcare Private Limited, Haemonetics Corporation, and Neomedic International.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Disposable Blood Bags market based on the below-mentioned segments:
Global Disposable Blood Bags Market, By Type
Blood Collection Bags
Blood Transfusion Bags
Global Disposable Blood Bags Market, By End User
Blood Banks
Hospitals
Others
Global Disposable Blood Bags market, Regional Analysis
All throughout the globe, medical facilities are swiftly warming up to the concept of transfusing neutralizing antibodies using recovered blood. The rapid adoption of passive immunotherapy using blood and plasma has led to the increased use of these bags for storing and transferring blood during plasma treatment, which in turn has driven market expansion. An all-encompassing analysis of the market is offered by the Global Disposable Blood Bags Market study. Important market segments, trends, drivers, constraints, the competitive landscape, and other aspects are thoroughly examined in the report.
A proliferation of plasma collection facilities and blood donation centers has resulted in an explosion in the demand for disposable blood bags. One of the main reasons why the market for disposable blood bags is growing is because of this. The World Health Organization estimates that there will be about 235 million major surgical procedures carried out globally this year. In 2020, 1,806,590 new instances of cancer were reported in the United States, as per the National Cancer Statistics. To that end, disposable blood bags may become more common as the frequency of cancer procedures continues to rise. We expect this to contribute to the market's growth. Further, as stated in the BusinessLine article, India is intent on meeting the World Health Organization's target of having all blood donations be voluntary by the year 2020. Nevertheless, India receives 11 million blood donations annually. The expansion of the market is facilitated by the variables mentioned before. Additionally, during the projection period, the worldwide disposable blood bags market is anticipated to have lucrative prospects due to an increase in product approvals.
The biomedical device known as a disposable blood bag is used for the collection, transportation, and transfusion of blood and its components. They won't react with blood components because they are composed of biocompatible PVC mixed with the right additives. Because they can break at any moment, glass bottles require special care when washing, rinsing, and autoclaving. Thus, disposable blood bags are chosen over glass bottles. Plasma, platelets, and cryoprecipitate are all parts of blood that can be separated with the help of disposable blood bags. These parts are used to treat a variety of blood illnesses.
Many believe that the COVID-19 pandemic will help drive demand for disposable blood bags around the world. A new infection technique in the COVID-19 pandemic is passive immunotherapy, which involves infusing patients' recovered blood or plasma. Hospitals around the world use the practice of transfusing convalescent blood containing neutralizing antibodies as a tactic. The usage of blood bags is expected to rise due to the growing acceptance of immunotherapy using blood and plasma, which is expected to fuel the market's expansion during the forecast period. Therefore, the market is stifled by the significant danger of blood donation and transfusion.
The analysis period is expected to witness an increase in demand for blood and blood products due to a surge in automotive crashes. According to the World Health Organization, every year, transportation accidents claim the lives of an estimated 1.3 million individuals. Twenty to fifty million more persons experience injuries that do not result in death. For most countries, the cost of road accidents is three percent of GDP. Low- and middle-income countries account for 93% of road deaths, while having around 60% of the world's cars. There will likely have a major effect on the expansion of the worldwide disposable bags industry due to the high blood loss experienced by victims of traffic accidents.
During the forecast period, the global disposable blood bags market is expected to be severely constrained by the lack of a sufficient healthcare infrastructure in low-income nations when it comes to blood collection, storage, and distribution. The worldwide disposable blood bag market is expected to expand over the projected time frame as a result of the growing number of blood-related illnesses and the corresponding increase in the need for blood collection and transfer bags. The National Heart, Lung, and Blood Institute in the United States reports that blood problems affect millions of individuals annually. Red blood cells, white blood cells, platelets, bone marrow, vascular endothelium, and plasma proteins are all affected by bleeding disorders such as hemophilia, anemias, and venous thromboembolism.
One of the key reasons propelling the Global Disposable Blood Bags Market is the increasing number of blood-related ailments and the frequency of car accidents that necessitate blood transfusions. Supportive hematological, trauma, transplant, and cardiovascular surgeries sometimes need blood transfusions. Thanks to innovations in design and manufacturing, disposable blood bags are now more effective, last longer, and are compatible with a wider range of blood products.
Report Coverage
Global Disposable Blood Bags research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Disposable Blood Bags report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Disposable Blood Bags competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Disposable Blood Bags market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Fresenius SE & Co. KGaA, Haemonetics Corporation, MacoPharma, Teleflex Incorporated, Terumo Corporation, Grifols, S.A., HLL Lifecare Limited, Poly Medicure Limited, INNVOL Medical India Limited, Span Healthcare Private Limited, Haemonetics Corporation, and Neomedic International. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Disposable Blood Bags Market from 2021 to 2031.
- Market Forecast for Disposable Blood Bags Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Disposable Blood Bags competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Disposable Blood Bags
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Disposable Blood Bags market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Disposable Blood Bags market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Fresenius SE & Co. KGaA, Haemonetics Corporation, MacoPharma, Teleflex Incorporated, Terumo Corporation, Grifols, S.A., HLL Lifecare Limited, Poly Medicure Limited, INNVOL Medical India Limited, Span Healthcare Private Limited, Haemonetics Corporation, and Neomedic International.
Primary Target Market
- Market Players of Disposable Blood Bags
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Disposable Blood Bags market based on the below-mentioned segments:
Global Disposable Blood Bags Market, By Type
Blood Collection Bags
Blood Transfusion Bags
Global Disposable Blood Bags Market, By End User
Blood Banks
Hospitals
Others
Global Disposable Blood Bags market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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