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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 reached a value of US$ 241.4 Million in 2021. Blood bags are small flexible pouches used to collect, process, store and transport blood and its components. These bags are generally made using polyvinyl chloride (PVC), which offers high permeability to oxygen and carbon dioxide. They prevent blood from contamination and coagulation and offer abrasion resistance, reliability, ease in labeling, enhanced durability, and low maintenance.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Blood Bags Market Trends:
The rising incidences of fatal accidents represent one of the key factors driving the blood bags market. Apart from this, a considerable rise in the demand for sterile biomedical devices for the transportation and transfusion of blood and its components like plasma and platelets is acting as another growth-inducing factor. Furthermore, governing agencies of numerous countries are undertaking initiatives to conduct blood donation camps in schools, colleges, and offices, which is positively influencing the sales of blood bags around the world. Other factors, including the growing prevalence of blood-related medical ailments, such as hemophilia, anemia, and the increasing number of blood transfusion procedures, are catalyzing the demand for blood bags across the globe. Looking forward, IMARC Group expects the market to grow at a CAGR of 9.3% during 2022-2027.
Market Summary:
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