Disposable Plastic Blood Bags Industry Will Reach $530 Million by 2030 | CAGR 6.1%

The global disposable plastic blood bags market was valued at $310.5 million in 2021, and this number is expected to reach $530.0 million by 2030, advancing at a CAGR of 6.1% during 2022-2030, as per P&S Intelligence. Apart from blood, they aid in the separation WBCs, RBCs, plasma, cryoprecipitate, and platelets to cure several illnesses, these major factors are contributing to the growing sales of these bags globally.

This growth can be ascribed to the increasing chronic illness frequency and growing elderly population. Moreover, several government initiatives to encourage people to blood donation and use radio frequency identification are supporting worldwide expansion. Moreover, numerous opportunities are coming out of Asian countries, like China and India, which are encouraging the utilization of such bags for storing and collecting blood.

Download sample pages of this report: https://www.psmarketresearch.com/market-analysis/disposable-plastic-blood-bag-market/report-sample

The existence of a huge number of contributors is making strong competition in the industry. regional and international retailers have a broad geographical footprint and product usage, and they are gradually focusing on expanding their user base and product offerings. Equally, the vast untapped industry potential in developing countries, including India and China, is expected to offer participants with fascinating opportunities. This is allied to the availability of affordable medical treatments for a variety of diseases in these.

In 2021, single disposable plastic blood bags generated the largest revenue share. This can be credited to the surge in the volume of transfusion methods, increasing in the occurrence of several hematologic diseases, and the growth in trauma and accident cases.

Hospitals held the largest revenue share in the market, of above 60%, in 2021, as Hospitals are the major users of such bags. Such bags are utilized for transfusion and blood collection because of their several beneficial qualities and biocompatibility personalities. The requirement for blood supply in hospitals has amplified because of the increasing frequency of chronic illnesses, including cancer, as well as the growing number of surgical methods.

North America is leading the market and is projected to continue its dominance in the coming years also. The increasing usage of hematological and pathological tests, also the region's high frequency of chronic diseases, offers lucrative growth opportunities in the continent.

Make inquiry before purchase of this report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=disposable-plastic-blood-bag-market

APAC is projected to grow at the highest pace in the future. This can be accounted to the increasing elderly populace, snowballing frequency of chronic diseases, presence of many regional key players, and government initiatives to improve the conditions of patients with hematologic illnesses.

Hence, the increasing chronic illness frequency and growing elderly population, several government initiatives to encourage people to blood donation and aid in the separation WBCs, RBCs, plasma, cryoprecipitate, and platelets to cure several illnesses, are major factors that are driving the market growth.

Browse more reports:

Blood Screening Market Report - https://www.psmarketresearch.com/press-release/blood-screening-market

Self-Monitoring Blood Glucose Devices Market - https://www.psmarketresearch.com/press-release/smbg-devices-market

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://healthcarefuturetrends.blogspot.com

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

This release was published on openPR.