The Disposable Blood Bags Market to join the growth adsorption spectrum

The Disposable Blood Bags Market, in the next 10 years, is expected to substantiate. Hospital decision support solutions are being floated, and the status quo is expected to stay the same even going forward. Herein, value propositions are made to the society on the whole and patients in particular by the government, private insurance companies, and social security organizations working in unison. As such, the healthcare industry is expected to witness a good number of clinical outcomes in the forthcoming period.

Disposable blood bags have overshadowed the usage of glass bottles for the collection, storage, transfer, and processing of blood and blood components such as RBCs, plasma, etc. This is because of convenience and mechanical strength of polyvinyl chloride (PVC) bags over glass bottles, which require exhaustive cleaning and sterilization before each use.

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Increasing tender-based purchasing practices of blood collection bags by government blood banks and hospitals is also expected to boost the growth of the global disposable blood bags market over the forecast period. Moreover, increasing need for blood and blood-derived products is escalating the demand for disposable blood bags.

According to a latest market report published by Persistence Market Research, the disposable blood bags market is set to expand at an impressive CAGR of over 9%, to be valued at more than US$ 700 Mn by 2030.

Key Takeaways from Disposable Blood Bags Market Study

Globally, Asia Pacific is expected to lead the global disposable blood bags market throughout the forecast period, owing to increasing number of voluntary and repeat blood donors in countries such as India and Bangladesh.
Based on sales channels, the tender sales channel segment is expected to contribute maximum to the global market for disposable blood bags. This is attributed to lower cost of blood bags for tender-based purchasing.
Among the various end users, disposable blood bags find maximum opportunity in blood banks, followed by non-governmental organizations. Demand from blood banks for disposable blood bags is expected to increase significantly over the forecast period, due to increasing voluntary blood donation as a result of improving services offered by public and private blood banks.
Significant delays and rescheduling of diagnosis and treatment of blood-related diseases due to priority given to COVID-19 treatment will lead to short-term decline in the growth of the disposable blood bags market.

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“Key players in the global disposable blood bags market are focusing on expansion of business in emerging markets and on providing value-added products,” says a PMR analyst.

Company Profiles:

Fresenius SE & Co. KGaA 
Terumo Corporation 
Grifols, S.A. 
HLL Lifecare Limited 
Poly Medicure Limited 
MacoPharma, S.A. 
INNVOL Medical India Limited 
Span Healthcare Private Limited 

What Does the Future Hold?

Increasing prevalence of blood-related disorders such as blood cancer, anemia, sickle cell disease, hemophilia, and other rare blood disorders is fueling the demand for blood. However, the availability of blood units, especially in Asian countries, is significantly lower than countries in other regions. Owing to lower than required availability of blood units and rising prevalence of blood-related disorders, the demand for blood collection bags, especially in Asian countries, is expected to increase significantly over the forecast period.

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This release was published on openPR.