IMARC Group, a leading market research company, has recently releases report titled “Blood Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global blood bags market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the blood bags market?
The global blood bags market size reached US$ 265.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 443.2 Million by 2028, exhibiting a growth rate (CAGR) of 9% during 2023-2028.
What is blood bags?
Blood bags are widely used for collecting, transferring, storing, and transfusing blood and various components, including plasma, cryoprecipitate, and platelets. They are widely made up of bio-compatible PVC materials and are commonly available in the form of Citrate Phosphate Dextrose Adenine (CPDA) blood bags, Saline Adenine Glucose Mannitol (SAGM) blood bags, and transfer bags. Additionally, depending on the transfusion type, blood bags can be classified into single, double, triple, and quadruple blood collection bags.
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What are the growth prospects and trends in the blood bags industry?
The growing number of fatal accidents, along with rising blood transfusion procedures in the trauma centers, is primarily augmenting the demand for blood bags. Moreover, the increasing prevalence of blood-related disorders, such as hemophilia, anemia, myeloma, leukemia, etc., is also propelling the need for blood transfusion. The escalating demand for blood bags in various invasive surgical procedures in the field of neurology, oncology, cardiology, orthopedics, etc., is further bolstering the demand for blood bags. Besides this, the growing awareness towards blood donation coupled with increasing demand for plasma therapy is also fueling the market growth. In the coming years, the introduction of several blood donation programs by numerous government bodies and non-profit organizations will continue to bolster the market for blood bags on a global level.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Single Blood Bag
- Double Blood Bag
- Triple Blood Bag
- Quadruple Blood Bag
- Penta Blood Bag
Breakup by Application:
- Collection Blood Bag
- Transfer Blood Bag
Breakup by End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Blood Banks
- Others
Breakup by Material:
- Poly Vinyl Chloride Blood Bag
- Polyethylene Terephthalate Blood Bag
- Others
Breakup by Capacity:
- 100ml Blood Bag
- 150ml Blood Bag
- 250ml Blood Bag
- 300ml Blood Bag
- 350ml Blood Bag
- 400ml Blood Bag
- 450ml Blood Bag
- 500ml Blood Bag
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- AdvaCare Pharma
- BL Life Sciences Pvt. Ltd
- Demophorius Healthcare Ltd.
- Fresenius SE Co. KGaA
- Grifols S.A.
- Haemonetics Corporation
- HLL Lifecare Limited
- Innvol Medical India Limited
- JMS Co. Ltd.
- Kawasumi Laboratories Inc.
- Maco Pharma International GmbH
- Mitra Industries Pvt. Ltd.
- Neomedic Limited
- Poly Medicure Ltd.
- Span Healthcare Private Limited
- Suru International Private Ltd.
- Teleflex Incorporated
- Terumo Corporation
- The Metric Company
- Troge Medical GmbH
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