The global disposable blood bag market size was worth around USD 225.1 Million in 2022 and is predicted to grow to around USD 372.5 Million by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2023 and 2030.
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➤ The market is expanding due to an increasing number of traffic-related collisions and injuries.
It is anticipated that the demand for blood and blood products will increase during the analysis period due to a significant increase in automobile accidents. According to the World Health Organization, transportation accidents result in the premature deaths of approximately 1.3 million individuals annually. An additional 20 to 50 million individuals experience non-fatal injuries. The majority of nations incur a 3% GDP loss as a result of road accidents. Low- and middle-income countries are accountable for 93% of all traffic fatalities, despite accounting for approximately 60% of the global automobile fleet.
➤ The industry’s expansion is impeded by the absence of adequate infrastructure.
It is anticipated that the global disposable blood bags market will be substantially impeded by the absence of sufficient healthcare infrastructure for blood collection, storage, and distribution in a variety of low-income nations during the forecast period.
➤ A lucrative opportunity is anticipated to arise due to an increase in the prevalence of blood-related diseases.
The global disposable blood bag industry is expected to expand during the forecasted period as a result of the increasing demand for blood collection and transfer bags and the increasing prevalence of blood-related diseases. Blood disorders affect millions of individuals annually, as reported by the US National Heart, Lung, and Blood Institute. Red and white blood cells, platelets, bone marrow, vascular endothelium, and plasma proteins are all affected by hemophilia, anemias, venous thromboembolism, and other bleeding disorders.
➤ Market expansion may be hindered by the potential for disease transmission.
Plastic bags that are used erratically or are contaminated increase the risk of transmitting HIV, hepatitis B or C, and sepsis. For example, hepatitis C is the most prevalent chronic bloodborne disease that is transmitted through blood transfusions. These hazards increase in numerous low-income countries due to the absence of a robust healthcare infrastructure for blood collection, storage, and delivery. This is expected to impede the global disposable bag market’s growth during the projection period.
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The Global Disposable Blood Bag Market is segmented based on product, application and region
Global Disposable Blood Bag Market: Product Segment Analysis
● Blood Collection Bags
● Blood Transfusion Bags
Global Disposable Blood Bag Market: Application Segment Analysis
● Blood Banks
● Hospitals
● NGOs
● Others
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The global Disposable Blood Bag market profiles key players such as:
● Macopharma
● TERUMO BCT INC.
● Fresenius Kabi India Pvt. Ltd
● Demophorius Healthcare Ltd
● Grifols
● S.A.
● Neomedic International SL
● Teleflex Incorporated
● Qingdao Sinoland International Trade Co. Ltd
● JMS Co.Ltd
● KAWASUMI LABORATORIES. INC.
● AdvaCare Pharma
● Polymedicure
● Coloplast Corp
● Innvol.
● The Metrix Company
● BL Lifesciences
● SURU INTERNATIONAL PVT. LTD
???? Recent Developments:
• Grifols acquired the seven US plasma exchange facilities from Kedrion in April 2021 for USD 55.2 million. The acquisition is expected to provide Grifols with immediate access to the plasma obtained in these facilities, which acquire approximately 240,000 liters of plasma annually.
• A definitive agreement was achieved in January 2021 for the acquisition of privately held Cardiva Medical Inc. by Haemonetics Corporation. The acquisition is anticipated to assist Haemonetics in diversifying and improving its hospital offerings, which include disposable blood bags, within the extensive and expanding interventional cardiology portfolio.
➤ The market is anticipated to be dominated by North America during the forecast period.
The global disposable blood bag market is anticipated to be dominated by North America during the forecast period. The market will experience profitable growth as a consequence of the region’s high prevalence of chronic diseases and blood-related disorders, as well as the increased use of blood tests. The presence of a well-developed and equipped healthcare infrastructure, increased blood donation activities, and government initiatives to promote the use of disposable blood bags to prevent infections are additional factors that may have a positive influence on market development.
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