Blood Bags Market to Register Robust Growth until 2025
Increasing cases of road
accidents and rising number of blood banks to drive global blood bags market
According
to TechSci Research report, “Global Blood
Bags Market By Product (Single Blood Bag, Double Blood Bag, Triple Blood
Bag, Quadruple Blood Bag, Penta Blood Bag), By Type (Collection Bag, Transfer
Bag), By Volume (100ml, 150ml, 250ml,300ml,350ml,400ml,450ml,500ml), By
Material (PVC, PET, Others), By End-User (Hospitals, Clinics, Ambulatory
Surgical Center, Blood Banks, Others), By Region, Forecast & Opportunities,
2025”, the global market for blood bags is expected
to witness significant rate of growth during the coming years as the demand for
blood components and blood sterilization is increasing. The world is witnessing
rise in trauma and accident cases where victims require blood transfusion. Additionally,
increasing prevalence of chronic infections such as AIDS, cancer and other
viral infections is creating a demand for blood donation. Hence, there is a
surging demand for blood bags, which are used for the storage, collection,
transfusion, and transportation of blood along with the blood components such
as RBC, WBC, and blood platelets. With the increasing number of hospitals,
blood banks and other health centers, the demand for blood bags is also
increasing across the globe. Moreover, blood bags manufacturers are also
witnessing demand for the sterilization of the blood and its components. Apart from
this, the presence of standard healthcare organizations, government initiatives
in assisting the use of blood bags, and continuously improving sterility
features is anticipated to make blood bags business a lucrative market in
during the forecast years.
However, the global blood bags market also faces some
restraints in its growth. The hazardous waste created by the excessive usage of
blood bags and regulations set on reducing the biohazardous waste might hamper
the growth of the market.
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The global blood bags market is segmented based on product, type,
volume, material, end-user and region. Based on product, the market is
segmented into single blood bag, double blood bag, triple blood bag, quadruple
blood bag and penta blood bag. The single blood bag segment accounted for
largest market share and the trend is likely to continue during the forecast
period as well as it finds extensive use in treatment of pediatric disorders.
Also, additional storage benefits offered by single collection bags is expected
to create a hike in their demand over the coming years.
Based on end-user, the global blood bags market is segmented into hospitals,
clinics, ambulatory surgical center, blood banks and others. Among them, the hospitals
segment is anticipated to witness high growth through 2025 owing to increasing
number of surgical procedures that require blood supply in large amounts.
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Terumo Corporation, Maco Pharma
International GmbH, Fresenius SE & Co KGaA, Grifols S.A., Innvol Medical
India Limited, Neomedic Limited, Teleflex Incorporated, Qingdao Sinoland
International Trade Co., Ltd, The Metrix Company Ltd., B L Life Sciences
Private Limited, Mitra Industries Pvt. Ltd., Suru International Private Ltd., HLL
Lifecare Limited, JMS Co.Ltd., Demophorius Healthcare Ltd, Kawasumi
Laboratories, Inc., Poly Medicure Ltd., Shanghai Transfusion Technology Co.,
Ltd., AdvaCare Pharma and Troge Medical GmbH are some of the
leading players operating in global blood bags market. The
companies are focusing on development of product portfolio to mark their strong
presence in the blood bags market globally.
“Scientific enhancements and
increase in the requirement for blood transfusion, storage, and transportation
is driving the blood bags market across the globe. However, the manufacturers
need to continuously look for more innovative and environment friendly products
to overcome the barriers in the growth of the market. Almost all nations around
the world are focusing on boosting their healthcare sectors and hence, the
coming years are going to provide huge growth and profit opportunities for
blood bags manufacturing companies, worldwide.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Blood Bags Market By Product (Single Blood
Bag, Double Blood Bag, Triple Blood Bag, Quadruple Blood Bag, Penta Blood Bag),
By Type (Collection Bag, Transfer Bag), By Volume (100ml, 150ml,
250ml,300ml,350ml,400ml,450ml,500ml), By Material (PVC, PET, Others), By End-User
(Hospitals, Clinics, Ambulatory Surgical Center, Blood Banks, Others), By
Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global blood
bags market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global blood bags market.
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