Blood Processing Disposables Market by Product (Blood Administration Sets, Blood Bags, Blood Collection Needles), End-Use (Academic Institutes, Blood Banks, Clinics) - Global Forecast 2024-2030

Blood Processing Disposables Market by Product (Blood Administration Sets, Blood Bags, Blood Collection Needles), End-Use (Academic Institutes, Blood Banks, Clinics) - Global Forecast 2024-2030

The Blood Processing Disposables Market size was estimated at USD 11.46 billion in 2023 and expected to reach USD 12.69 billion in 2024, at a CAGR 10.75% to reach USD 23.43 billion by 2030.

Blood processing disposables are medical supplies designed to collect, prepare, store, and transfusion blood and its components. These items are single-use to prevent cross-contamination and ensure safety and integrity of blood supply. This category includes blood collection bags, filters, tubes, needles, lancets, and equipment for separating blood into components such as plasma, platelets, and red blood cells. Blood processing disposables play a crucial role in transfusion medicine, enabling efficient and hygienic handling of blood from donor to recipient, thus safeguarding public health and minimizing the risk of transmitting infections. The global market for blood processing disposables is experiencing robust growth propelled by the increasing prevalence of infectious diseases and the widening demand for blood components for transfusion and supportive therapies in treatments, particularly in oncology. Expanding healthcare infrastructure across emerging economies and improved healthcare policies promoting blood transfusion safety further augment market growth. However, the risk of contamination and transmission of diseases through transfusion is an ongoing concern restraining the adoption of blood-processing disposables. The ongoing research and development aimed at reducing contamination risk and improving the shelf life of blood components offer significant opportunities to expand the blood processing disposables market.

Regional Insights

The blood processing disposables market in the Americas has shown robust growth due to the advanced healthcare infrastructure and stringent regulations related to blood safety. The blood processing disposables market in the United States and Canada is driven by robust healthcare infrastructure, high blood donation rates, and stringent regulatory standards ensuring the safety and efficacy of blood transfusions. The U.S. showcases technological innovations, with ongoing investments in research and development leading to the issuance of new patents in blood processing. Consumers in the American region demand high-quality, safe, and reliable blood processing disposables, influencing purchasing behavior toward premium, FDA-approved products. The Asia-Pacific region is experiencing growth in the blood processing disposables market, attributed to the expanding healthcare infrastructure, increasing population, and rising prevalence of chronic diseases requiring surgical interventions and blood transfusions. Countries including China and India are experiencing growth due to increasing healthcare expenditures, growing awareness about blood donation, and improving healthcare infrastructure. The European Union (EU) countries exhibit a high demand for blood processing disposables underpinned by well-established healthcare systems, high standards for patient care, and rigorous regulatory frameworks ensuring the quality of blood transfusion supplies. The Middle East and African region are emerging markets for blood processing disposables with significant growth potential, propelled by increasing investments in healthcare infrastructure and a rising emphasis on regulatory reforms to ensure health and safety standards. A combination of technology adoption rates, regulatory compliance, and the evolving healthcare requirements of the population influences the market dynamics in EMEA.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Blood Processing Disposables 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

• Rising prevalence of infectious diseases and the rising need for blood collection
• Increasing voluntary blood donation campaigns
• Growing upgradations in healthcare policies promoting blood transfusion safety

Market Restraints

• Risk of contamination and transmission of diseases through transfusion

Market Opportunities

• Investments in R&D to produce high-tech disposables
• Development of eco-friendly disposables with adoption of greener manufacturing processes

Market Challenges

• Issues of product recalls for disposable blood processing products

Market Segmentation Analysis

• Product: Rising use of blood collection tubes owing to their critical role in diagnostics and patient care
• End-Use: Growing need for blood processing disposables in hospitals

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 Processing Disposables 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 Processing Disposables 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

Cml Biotech Installed an Integrated Blood Collection Tube Manufacturing Machine

CML Biotech installed integrated manufacturing machinery for blood collection tubes. The advanced development marks a significant leap in the field of blood processing disposables but also sets a new standard for innovation and efficiency in medical equipment manufacturing. CML Biotech is poised to enhance blood collection tube production's quality, safety, and speed, ensuring a more reliable supply chain for healthcare providers globally with this advanced technology.

DBT Institute Develops Novel Bags To Increase Shelf Life Of Blood

The DBT Institute developed an innovative new blood bag that could revolutionize the safety of blood, and extend its shelf life. The innovative septum-based systems for blood collection are designed to provide improved leak free protection and superior long term storage capacity.

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 Processing Disposables 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 Processing Disposables Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Abbott Laboratories, Advin Health Care, Beckman Coulter, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., BIO-X, Cardinal Health, Inc., Fresenius Kabi AG, GE HealthCare Technologies Inc., Grifols, S.A., Haemonetics Corporation, Kawasumi Laboratories, Inc., Labtech Disposables, Maco Pharma SAS, Medtronic plc, Merck KGaA, Narang Medical Limited, Qiagen N.V., SARSTEDT AG & Co., Siemens Healthineers AG, TERUMO BCT, INC., Terumo Corporation, and Thermo Fisher Scientific Inc..

Market Segmentation & Coverage

This research report categorizes the Blood Processing Disposables Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
• Blood Administration Sets
• Blood Bags
• Blood Collection Needles
• Blood Collection Tubes
• Blood Filters
• Blood Lancets
• Coagulation Reagents
• Hematology Reagents
• Microscopic Slides
• Sedimentation Tubes
• Slide Stainers
• Test Tube Racks
• Vials
• End-Use
• Academic Institutes
• Blood Banks
• Clinics
• Diagnostic Centers
• Hospitals

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