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Huge Growth Expected in Disposable Plastic Blood Bag Market in Future
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The enactment of various programs by government associations throughout the world for raising public awareness of the advantages of blood donations is an important factor propelling the growth of the market. The American Red Cross, International Federation of Red Cross and Red Crescent Societies (IFRC), and the World Health Organization (WHO) are some of the major government agencies launching extensive public awareness drives about blood donations and plastic blood bags.
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Globally, the market is predicted to boom in North America in the upcoming years. The main factors propelling the advancement of the market in this region are the rising incidence of blood-related disorders and the surging investments being made in research and development (R&D) projects by various companies operating in the region. According to experts, the industry is predicted to grow at a CAGR of more than 9.0% in the region between 2020 and 2030.
Hence, it can be concluded that due to the various safety characteristics of disposable plastic blood bags, the increasing incidence of blood-related disorders, and the rising number of blood donations, the market will register huge growth across the world in the coming years.
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