Disposable Blood Bags market size is estimated to be worth US$ 267 million in 2022 and is forecast to a readjusted size of US$ 398.5 million by 2028 with a CAGR of 6.9% - Valuates reports

Due to the COVID-19 pandemic, the global Disposable Blood Bags market size is estimated to be worth US$ 267 million in 2022 and is forecast to a readjusted size of US$ 398.5 million by 2028 with a CAGR of 6.9% during the review period.

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Fully considering the economic change by this health crisis, Collection Bags accounting for % of the Disposable Blood Bags global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Blood Banks segment is altered to an % CAGR throughout this forecast period.

Blood bag systems are disposable bio-medical products designed for collection, storage, transportation, and transfusion of human blood and blood-derived products. Disposable plastic blood bags are utilized in hospitals, blood banks, government programs, and non-governmental organizations (NGOs) for collecting, storing, processing, and transporting blood collected during blood donation programs. The global disposable plastic blood bags market is segmented on the basis of product type, sales channel, and end user.

Disposable Blood Bags Market Analysis and Insights
Increasing prevalence of blood-related disorders and rising demand for blood collection and transfer bags are expected to drive growth of the global disposable plastic blood bags market during the forecast period (2016-2024). Additionally, increasing demand for blood-derived products and surge in transfusion procedures are expected to fuel demand for disposable plastic blood bags during the forecast period. Factors such as increasing incidence of trauma/accidental injuries and tender-based purchases by governments of developing countries coupled with customized blood bags with tracking systems offered by blood bags manufacturers and easy availability of value-added products for blood collection are expected to boost growth of the global disposable plastic blood bags market. However, factors such as lack of infrastructure facilities for blood collection & storage and low awareness about voluntary blood donation initiatives are expected to hamper growth of the global disposable plastic blood bags market over the forecast period.

Disposable Blood Bags Market Scope and Segment
Disposable Blood Bags market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Disposable Blood Bags market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.

Disposable Blood Bags Market Segment by Type
-Collection Bags
-Transfer Bags

Disposable Blood Bags Market Segment by Application
-Blood Banks
-Hospitals
-Non-governmental Organizations (NGOs)

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