According to the latest report by IMARC Group, titled “Blood Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global blood bags market size reached US$ 241.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 410.2 Million by 2027, exhibiting a growth rate (CAGR) of 9.3% during 2022-2027.
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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Blood Bags Market Trends:
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.
Blood Bags Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Advacare Pharma
• BL Life Sciences Private Limited
• Demophorius Healthcare Ltd
• Fresenius SE Co. KGaA
• Grifols S.A.
• Haemonetics Corporation
• HLL Lifecare 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 Metrix Company Ltd.
• Troge Medical GmbH
The report has segmented the market on the basis of product type, application, end user, material, capacity and region.
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:
• Ambulatory Surgical Centre
• Blood Banks
Breakup by Material:
• Poly Vinyl Chloride Blood Bag
• Polyethylene Terephthalate Blood Bag
Breakup by Capacity:
• 100 ml Blood Bag
• 150 ml Blood Bag
• 250 ml Blood Bag
• 300 ml Blood Bag
• 350 ml Blood Bag
• 400 ml Blood Bag
• 450 ml Blood Bag
• 500 ml 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
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive mapping of the competitive landscape
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