Global Disposable Plastic Blood Bags Market size is projected to be valued $6 Billion by 2024; with a CAGR of 9.1% from 2017 to 2025. Disposable plastic blood bags are commonly made up from polyvinyl chloride (PVC) and different plastic materials. They are anticoagulant, sustain a reasonable amount of pH, and provide a high degree of oxygen delivery rate and red cell survival rate. Increase in demand for sterile procedures of transfusion and transportation of blood and its components has led to growth in accessibility of disposable blood bags.
Growing geriatric population, increasing number of lifestyle diseases and chronic diseases, initiative taken by the government organization for progressive feature of these kind of blood bags are the major factors driving the growth of the market. Moreover, awareness about blood donations is also boosting the growth of disposable plastic blood bags market. However, risks interrelated with transfusion of blood, and poor infrastructure of blood storage, across the globe may hinder the growth of the market. Furthermore, increasing necessity for blood and blood-derived products and growing tender-based acquiring practices of blood assemblage bags by government blood banks and hospital would provide attractive business opportunities for the market in the coming years.
The global disposable plastic blood bags market is bifurcated into type, end-user, and geography. By type, the market is bifurcated into single blood bag, double blood bag, triple blood bag, and quadruple blood bag. Furthermore, end-user is categorized into hospitals, blood banks, home healthcare, and others.
By geography the global disposable plastic blood bags market has been categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers Germany, U.K., France, Italy, and others. Asia-Pacific covers India, Japan, China, and others. Rest of the World (RoW) covers South America, Middle East, and Africa.
Major market players in the global disposable plastic blood bags market include MacoPharma SA, Kawasumi Laboratories, Inc., Grifols, S.A., Fresenius SE & Co, Neomedic Limited, Shanghai Transfusion Technology Co., Ltd., SURU International Pvt. Ltd., Sichuan Nigale Biomedical Inc., Haemonetics, S.A., and Terumo Corporation, among others.
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Scope of the Global Disposable Plastic Blood Bags Market