Disposable Blood Bags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Disposable Blood Bags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The Disposable Blood Bags Market is witnessing robust growth, with global revenue reaching approximately US$ 371 million in 2024. It is projected to exhibit a remarkable growth, culminating in a valuation of around US$ 750 million by the end of 2031.

Market Dynamics

The escalating demand for blood-derived products is expected to drive the growth of the blood collection bags market. This demand surge is attributed to the increasing need for blood components, including WBC, plasma, platelets, granulocytes, factor concentrates, and RBCs, especially in the treatment of chronic conditions. Additionally, the consumption of empty blood bags by blood-derived product manufacturing companies contributes to the market's growth.

The rise in accidental injuries, particularly traffic accidents, is another significant factor bolstering the demand for disposable blood bags. With an alarming average of 3,287 fatalities every day due to traffic accidents globally, the need for blood units to treat accident victims has surged. This has led to a heightened requirement for blood collecting bags by NGOs, governmental agencies, hospitals, and blood banks.

Growth Opportunities

A growing number of government entities are turning to personalized blood collection containers, with hospitals and private clinics being the primary end consumers. Companies offering personalized blood collection bags compete based on features such as personalized printing, ideal storage, automatic or manual filling, and other attributes.

Moreover, the demand for blood collection bags is expected to rise due to the implementation of real-time tracking systems for blood bags during processing, transit, and storage. Companies like Watson Label Products are offering various customizable monitoring options for blood bags and blood processing machinery.

Challenges and Limitations

One of the key challenges hindering market growth is the lack of infrastructure for blood collection and storage in certain regions, notably African countries such as Nigeria, Egypt, and Ethiopia. This deficit impacts the demand for single blood bags, as infrastructural facilities for double, triple, and quadruple blood collection bags are limited in these areas.

Furthermore, the lack of awareness about voluntary blood donation efforts poses a significant obstacle to market expansion. False beliefs about blood donation discourage voluntary contributions and reduce the demand for blood collection bags.

Country-wise Insights
• United States: The United States is experiencing a burgeoning demand for disposable blood bags driven by factors such as increased blood tests, the prevalence of chronic diseases, and various blood-related disorders. The country also witnesses a rise in blood donation activities, backed by a well-developed healthcare infrastructure and government initiatives to prevent infections by promoting disposable blood bags' usage.
• United Kingdom: The UK market is expanding due to the increasing prevalence of blood disorders, particularly thalassemia and sickle cell anemia. The rising awareness of these conditions and the benefits of disposable blood bags have contributed to the growing demand. Online advertising highlighting their effectiveness in treating venous disease is also boosting adoption.
• China: China, being the world's most populous developing country, presents substantial market potential. The inappropriate usage of RBCs in medical settings in China has raised concerns, further emphasizing the importance of blood safety and availability. The nation's evolving healthcare system and increased attention to blood safety are expected to drive the adoption of disposable blood bags.

Competitive Landscape

The market for disposable blood bags is characterized by a competitive landscape with numerous players. To maintain their market positions, major companies are implementing strategies such as mergers and acquisitions, expansion, new product development, and alliances. Additionally, they are leveraging social media and digital advertising to inform consumers about their latest products.

Key Companies Profiled
• Poly Medicure Limited
• Grifols, S.A.
• Macopharma Bharat Transfusion Solution
• Fresenius Kabi India Pvt. Ltd.
• TERUMO PENPOL Pvt. Limited
• HLL Lifecare Limited
• Span Healthcare Private Limited
• Innvol

Key Segments Covered in Disposable Blood Bags Industry Research

Product:
• Collection Bags
Single Collection Bags
Double Collection Bags
Triple Collection Bags
Quadruple Collection Bags
• Transfer Bags

Channel:
• Tender Sales
• Private Sales

End User:
• Blood Banks
• Hospitals
• Non-Governmental Organizations (NGOs)

Region:
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

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