Disposable Plastic Blood Bag Market to cross US$ 4,13,084.8 thousand from 2022 to 2027

Disposable Plastic Blood Bag Market 2022-2027

The Disposable Plastic Blood Bag Market is slated to grow on a stellar note going forward. The current situation is that digitization, which has the capacity of changing the dynamics of any vertical, has made a beeline to the healthcare vertical. The world out there no more depends on references for choosing healthcare services but goes for 360-degree research before arriving at the final decision. This would be the digitized healthcare vertical in the future.

According to a new market report published by Persistence Market Research "Global Market Study on Disposable Plastic Blood Bags: Single Blood Bags to Witness Highest Growth by 2027" the global Disposable Plastic Blood Bags market was valued at USD 2,44,286.8 thousand in 2022 and is expected to grow at a CAGR of 9.1% from 2020 to 2027, to reach an estimated value of USD 4,13,084.8 thousand in 2027.

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A disposable blood bag refers to a bio-medical device that is used for collection, storage, processing, transfusion, separation and transportation of human blood and blood components. There are different types of disposable plastic blood bags based on the need of blood infusion; single blood bag, double blood bag, triple blood bag, quadruple blood bag and transfer blood bag.

Some of the major players in the disposable plastic blood bags market:

Terumo Corporation.
Fresenius SE & Co.
KGaA.
Grifols.
S.A.
MacoPharma SA.
Haemonetics Corporation.
Other.

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Globally, the disposable plastic blood bags market is witnessing significant growth due to increasing prevalence of chronic diseases, rising aging population and advanced features of disposable plastic blood bags. In addition, increasing initiatives undertaken by various government associations spreading awareness about importance of blood donations are driving the disposable plastic blood bags market.

However, factors such as risks associated with blood transfusion and lack of awareness and poor blood collection and storage infrastructure in various parts of the world restrain the global market for disposable plastic blood bags market. In addition, lack of primary healthcare infrastructure in developing countries negatively impacts the growth of the disposable plastic blood bags market.

North America has the largest market for the global disposable plastic blood bags market. This is due to increased prevalence of blood disorders in the region. North American market for disposable plastic blood bags is estimated at USD 83,670.7 thousand in 2014 and is expected to reach USD 1,42,983.2 thousand in 2027, growing at a CAGR of 9.3%. Asia is the fastest growing region; this is due to large population base in the region. In terms of type of blood bags, single blood bags are the fastest growing segment. In terms of end users, blood banks are the fastest growing.

Some of the latest trends that have been observed in the global disposable plastic blood bags market include increasing use of RFID technology in blood bags and increasing number of mergers and acquisitions by companies.

The disposable plastic blood bags market is segmented as follows:

Disposable Plastic Blood Bags Market, By Type 

Single Blood Bags
Double Blood Bags
Triple Blood Bags
Quadruple Blood Bags

Disposable Plastic Blood Bags Market, By End Users

Hospital and Healthcare Institutes
Blood Banks
Home Healthcare

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Report Highlights:

Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint

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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.