Blood Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Blood Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2441
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Market Overview:

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.

A blood bag is used for the transfer, collection, storage, and transfusion of blood and its components, including platelets, plasma, and cryoprecipitate. It is generally manufactured from bio-compatible PVC materials and is integrated with collection tubes, needles, needle covers, and clamps. Blood bags are mostly available in the form of Citrate Phosphate Dextrose Adenine (CPDA) blood bags, Saline Adenine Glucose Mannitol (SAGM) blood bags, and transfer bags. Based on various transfusion types, they can be further classified into single, double, triple, and quadruple blood collection bags. These bags are widely adopted across surgery centers, trauma centers, emergency units, ambulatory facilities, intensive care units, etc.

Blood Bags Market Trends:

The global blood bags market is primarily driven by the rising incidences of fatal accidents along with the wide presence of trauma centers across the world. According to estimates by the World Health Organization, nearly 1.4 million people die each year because of road traffic crashes. Moreover, the high prevalence of several blood-related medical ailments, such as anemia, hemophilia, myeloma, leukemia, etc., is also driving the demand for blood transfusion. Numerous invasive surgical procedures in the field of cardiology, neurology, orthopedics, oncology, etc., are further catalyzing this market for blood bag. Moreover, the rising investments in healthcare infrastructure development are also propelling the establishment of blood banks, medical research laboratories, and diagnostic centers. The introduction of several blood donation programs by various government bodies and non-profit organizations is also augmenting the market for blood bags.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global blood bags market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application, end user, material and capacity.

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
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Singapore
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Others
  • Middle East and Africa
    • Turkey
    • South Africa
    • Saudi Arabia
    • UAE
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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 and Troge Medical GmbH.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
Segment Coverage Product Type, Application, End User, Material, Capacity, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Singapore, Brazil, Mexico, Argentina, Turkey, South Africa, Saudi Arabia, UAE
Companies Covered 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 and Troge Medical GmbH
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global blood bags market was valued at US$ 265.7 Million in2022.

We expect the global blood bags market to exhibit a CAGR of 9% during 2023-2028.

The rising prevalence of several blood-related ailments, such as anemia, hemophilia, leukemia, etc., along with the increasing number of invasive surgical treatment procedures in the field of cardiology, neurology, oncology, etc., is primarily driving the global blood bags market.

The sudden outbreak of the COVID-19 pandemic has led to the growing utilization of blood bags for transportation and transfusion of blood plasma to treat the coronavirus-infected patients.

Based on the product type, the global blood bags market can be divided into single blood bag, double blood bag, triple blood bag, quadruple blood bag, and Penta blood bag. Currently, single blood bag exhibits a clear dominance in the market.

Based on the application, the global blood bags market has been segmented into collection blood bag and transfer blood bag, where collection blood bag currently accounts for the majority of the total market share.

Based on the end user, the global blood bags market can be categorized into hospitals, clinics, ambulatory surgical centers, blood banks, and others. Currently, hospitals exhibit a clear dominance in the market.

Based on the material, the global blood bags market has been divided into poly vinyl chloride blood bag, polyethylene terephthalate blood bag, and others. Among these, poly vinyl chloride blood bag currently holds the largest market share.

Based on the capacity, the global blood bags market can be bifurcated into 100ml blood bag, 150ml blood bag, 250ml blood bag, 300ml blood bag, 350ml blood bag, 400ml blood bag, 450ml blood bag, and 500ml blood bag. Currently, 300ml blood bag accounts for the majority of the global market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global blood bags market include 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, and Troge Medical GmbH.

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Blood Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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