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The global blood bags market size was valued at US$ 256 Million in 2020.
According to the estimates by IMARC Group, the global blood bags market is expected to exhibit moderate growth during 2021 to 2026.
The increasing demand for sterile biomedical devices for the transportation and transfusion of blood and its components due to the high prevalence of blood-related medical ailments, represents one of the key drivers for the global blood bags market.
The introduction of several blood donation programs by numerous government bodies and non-profit organizations represents one of the key industry trends in the global blood bags market.
Sudden outbreak of the COVID-19 pandemic had led to a rise in the demand for blood bags for transportation and transfusion of blood plasma for treating coronavirus infected patients.
On the basis of the application, the market has been bifurcated into collection blood bags and transfer blood bags. Currently, collection blood bags hold the majority of the total market share.
Based on the end user, the market has been segmented into hospitals, clinics, ambulatory surgical centers, blood banks, and others. Among these, hospitals represent the largest segment.
On the basis of the material, the market has been bifurcated into polyvinyl chloride blood bag, polyethylene terephthalate blood bag, and others. Among these, polyvinyl chloride bags hold the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global blood bags market are AdvaCare Pharma, BL Life Sciences Private Limited, Demophorius Healthcare Ltd, Fresenius SE & Co. KGaA, Grifols S.A., Haemonetics Corporation, HLL Lifecare Limited, Innvol, 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. and Troge Medical GmbH.
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