Disposable Blood Bag Market in-Depth Analysis with Leading Key players Fresenius SE & Co., Grifols, S.A, Haemonetics Corporation, HLL Lifecare Limited, INNVOL Medical India Limited, MacoPharma

According to Precision Business Insights (PBI), the latest report, the disposable blood bags market is expected to be worth USD 289.3 million in 2022, growing at a 5.1% CAGR from 2022 to 2028. The global disposable blood bags market is segmented into the following types: Market By Collection Bag (Collection Bags and Transfer Bags), End User (Blood Banks, Hospitals and Non-governmental Organizations (NGOs)), Distribution Channel (Tender Sales and Private Sales), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) Forecast to 2028. Key players' profiles in the disposable blood bags market report are Fresenius SE & Co. KGaA, Grifols, S.A, Haemonetics Corporation, HLL Lifecare Limited, INNVOL Medical India Limited, MacoPharma, S.A, Neomedic International, Poly Medicure Limited, Span Healthcare Private Limited and Terumo Corporation.

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Transfer Bags Segment to Dominate the Disposable Blood Bag Market:
Transfer Bags segment is expected to account for a larger revenue share in the global disposable blood bags market, with a value share worldwide due to a rise in the number of operations. The global disposable plastic blood bags market is anticipated to develop as a result of rising blood-related illnesses and increased demand for blood collection and transfer bags. Additionally, throughout the forecast period, demand for disposable plastic blood bags is anticipated to be fueled by rising demand for blood-derived products and a rise in transfusion operations.
Asia Pacific Disposable Blood Bag Market
The Asia Pacific market is expected to increase in the global disposable blood bags market over the forecast period. It is projected to grow at a CAGR of 5.3% in the coming years due to the rise in chronic disease prevalence. To get contracts from government agencies, manufacturers compete on the basis of pricing in the region. Due to the considerable market opportunity in European nations, blood bag manufacturers in the Asia-Pacific region are mostly focused on exports.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global disposable blood bags market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Detailed Segmentation:
The disposable blood bags market is segmented based on collection bag, end user, distribution channel and geography.
Based on the collection bag, the market is segmented into the following:
• Collection Bags
• Transfer Bags

Based on the end user, the market is segmented into the following:
• Blood Banks
• Hospitals
• Non-governmental Organizations (NGOs)

Based on the distribution channel, the market is segmented into the following:
• Tender Sales
• Private Sales

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