The Disposable Plastic Blood Bag Market was valued at USD 583.85 million in 2023 and is projected to reach USD 1,114.07 million by 2030, growing at a CAGR of 9.67% during the forecast period (2024–2030).
Disposable Plastic Blood Bag Market Overview:
Disposable plastic blood bags revolutionized blood storage and transfusion, replacing glass bottles in the 1970s. These bags, made of plasticized PVC, enable efficient separation of blood components such as platelets and plasma, improving the treatment of hematological conditions like anemia and leucocytosis. The adoption of disposable blood bags has also enhanced the safety and convenience of blood transfusions, a critical advancement in modern healthcare.
The report analyzes market dynamics using PESTLE and Porter’s Five Forces models, alongside segmentation by type, end-use, and region.
Market Scope:
- Historic Data: 2018–2022
- Base Year: 2023
- Forecast Period: 2024–2030
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Segment Scope:
- By Type:
- Single blood bag
- Double blood bag
- Triple blood bag
- Quadruple blood bag
- By End-Use:
- Hospitals
- NGOs
- Blood Banks
- Home Healthcare
Regional Scope:
- North America (United States, Canada, Mexico)
- Europe (UK, France, Germany, Italy, Spain, and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, and Rest of APAC)
- Middle East & Africa (GCC, South Africa, and Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Market Drivers:
- Government Blood Donation Initiatives:
Programs encouraging voluntary blood donation are a major growth driver. For instance, India’s efforts to achieve 100% voluntary blood donation aim to address shortages and improve the availability of blood products. - Rising Road Traffic Incidents:
With over 1.25 million fatalities annually due to road accidents, the demand for blood transfusion—and thus, disposable plastic blood bags—is increasing. - Ongoing Research & Development:
Technological advancements such as drone delivery of blood to remote areas are expected to drive market growth.
Market Trends:
- RFID Adoption:
Major market players are incorporating RFID technology to improve traceability and inventory management. RFID tags provide unique identification for each blood bag, enhancing safety and streamlining logistics. - Demand for Safe and Efficient Blood Transport:
Innovations in blood storage and transportation methods, including drone technology, are reshaping the market landscape.
Segmentation:
- By Type: Single, double, triple, and quadruple blood bags.
- By End-Use: Dominated by blood banks, followed by hospitals and NGOs.
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Key Players:
- Terumo Corporation (Japan)
- Weigao (China)
- Fresenius SE & Co. (Germany)
- Grifols S.A. (Spain)
- HLL Lifecare Limited (India)
- Neomedic International (Barcelona)
- Haemonetics (United States)
- Macopharma (India)
- Sichuan Nigale Biomedical (China)
- Suzhou Laishi Transfusion Equipment (China)
- Advacare Pharma (India)
- Halyard Health (United States)
- Velico Medical Inc. (United States)
- Megacare International Inc. (India)
- Poly Medicure Limited (India)
- Innvol Medical India Limited (India)
- Others
Regional Analysis:
North America led the market in 2023, driven by advanced healthcare infrastructure and high demand for blood products. Asia Pacific, particularly China and India, is expected to witness robust growth due to rising healthcare investments and increasing road traffic accidents.
Key Questions Answered:
- What are the key drivers of the Disposable Plastic Blood Bag Market?
- How will technological advancements shape the market’s future?
- Which region holds the largest market share, and why?
- Who are the major players in the market, and what are their strategies?
- What are the growth prospects for different types of blood bags?
For the complete analysis, visit the following link:https://www.stellarmr.com/report/Disposable-Plastic-Blood-Bag-Market/397
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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