Blood Bags Market by Type (Double, Quadruple, Single), Material (Polyethylene Terephthalate, Polyolefins, Polyvinyl Chloride), Usability, End-Use - Global Forecast 2024-2030

Blood Bags Market by Type (Double, Quadruple, Single), Material (Polyethylene Terephthalate, Polyolefins, Polyvinyl Chloride), Usability, End-Use - Global Forecast 2024-2030

The Blood Bags Market size was estimated at USD 526.17 million in 2023 and expected to reach USD 561.67 million in 2024, at a CAGR 6.83% to reach USD 836.09 million by 2030.

Blood bags are a vital component of the medical industry, as they are used to store and transport blood and blood components. Blood bags help to ensure the safety of both the patient receiving the donated blood and the donor providing it. They also help to reduce contamination, minimize wastage, and promote efficient use of resources. By keeping donated blood in a controlled environment, blood bags can help prolong its shelf life and maintain optimal quality. The main trends driving this growth include increasing demand for blood transfusions, rising prevalence of infectious diseases, technological advancements in blood storage and transportation, and increasing public health awareness about the importance of donating/storing blood for emergencies. However, limited supportive healthcare infrastructure in some countries and potential risks related to the material of blood bags can create hurdles for market growth. Advancements in blood bag manufacturing and materials create opportunities for a wider range of blood products and allow providers to offer better-quality products to their customers.

Regional Insights

The rising road crashes, increase in the number of surgeries, and labeling standards for blood bags are accelerating the need and use of blood bags in the Americas. The rising number of surgeries requiring blood transfusions, government initiatives to encourage blood donation, and the significant presence of blood bag manufacturers have increased the availability and usage of blood bags in the APAC region. Europe, the Middle East, and Africa market represent a developing landscape for the blood bags market owing to the rising number of surgeries, favorable government initiatives for blood donations, and emerging product development activities in the region. Additionally, the ongoing advancements and research in the material and design of blood bags are expected to facilitate the use of blood bags worldwide.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Blood Bags Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increasing number of road accidents and trauma cases creating need for blood
    • Government initiatives encouraging blood donations and rising need for safe blood storage and transportation services
    • Market Restraints
      • Harmful waste produced due to usage of blood bags along with adverse impact of PVC material
      • Market Opportunities
        • Advancements in the blood bags field
        • Increasing number of blood banks globally
        • Market Challenges
          • Managing the blood safety during transfusion and complex requirement of maintaining precise blood bag temperature
          • Market Segmentation Analysis
            • Type: Increasing demand for single blood bags as they are cost-effective and straightforward compared to multi-component alternatives
            • End-Use: Significant use of blood bags by the blood blanks
            • Usability: Growing popularity of transfer bags for securely transport blood samples
            • Material: Rising adoption of polyvinyl chloride (PVC) due to its high durability and lightweight properties
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Blood Bags Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Blood Bags Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • BetaLife to Showcase Its AI Powered Health Tech Solution for Advancing Health Equity at GITEX AFRICA 2023 The Largest Tech Event
              
              Betalife, an African health technology company, is prepared to demonstrate its AI-powered solution for health equity at GITEX Africa 2023. This groundbreaking technology can be used to increase access to blood bags and other vital resources in underserved communities, transforming the lives of countless individuals. Betalife's innovative approach has the potential for a lasting impact on healthcare in Africa.
              
              ICMR Runs Trial of Blood Bag Delivery Under iDrone Initiative
              
              Indian Council of Medical Research (ICMR), Lady Hardinge Medical College (LHMC), New Delhi, Government Institute of Medical Sciences (GIMS), and Greater Noida and Jaypee Institute of Information Technology (JIIT) collaborated to successfully perform the first trial flight of blood bag delivery in India using drones. This study aims to provide scientific evidence on the effect of drone transportation on the quality of blood products.
              
              Trial Run of Blood Bag Delivery under the iDrone Initiative of ICMR successfully conducted
              
              The Government of India is continuing its efforts to reduce the loss of human life due to blood transfusion related complications, by introducing new initiatives such as iDrone. This initiative is expected to help make it easier for medical teams to reach out quickly and efficiently to those who require vital blood products. With this, more lives can be saved in the long run, and the nation can move towards a healthier future.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Blood Bags Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Blood Bags Market, highlighting leading vendors and their innovative profiles. These include AdvaCare Pharma, Advin Health Care, Alvedia, B L Lifesciences Private Limited, Demophorius Limited, Fresenius SE & Co. KGaA, Grifols, S.A, HAEMONETICS CORPORATION, HLL Lifecare Limited, HÄNSLER MEDICAL GMBH, Inovet, JMS Co., Ltd., KIEFEL GmbH, Lmb Technologie GmbH, Maco Pharma SAS, Mitra Industries Pvt. Ltd., Narang Medical Limited, Neomedic, Olidef Medical, Poly Medicure Limited, Qingdao Sinoland International Trade Co., Ltd., RENOLIT SE, SB-Kawasumi Laboratories, Inc., Shandong Weigao Group Medical Polymer Co.,Ltd., Suru International Pvt. Ltd., Suzhou Sinomed Co., Ltd., Terumo Corporation, The Metrix Company, TROGE MEDICAL GmbH, and Xindray Medical International Co., Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Blood Bags Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Type
              • Double
              • Quadruple
              • Single
              • Triple
              • Material
                • Polyethylene Terephthalate
                • Polyolefins
                • Polyvinyl Chloride
                • Usability
                  • Collection Bag
                  • Transfer Bag
                  • End-Use
                    • Blood Banks
                    • Hospital
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • California
                          • Florida
                          • Illinois
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year