The Disposable Blood Bags Market to grace digital transformation curve at a CAGR of 9.2%

The global revenue from the Disposable Blood Bags Market was around US$ 321.9 Million in 2022, with the global market expected to grow at a CAGR of 9.2% to reach a valuation of around US$ 844.8 Million by the end of 2033.

Market Size and Growth:

As assessed by Persistence Market Research, collection bags held a market share of around 72.3% in the global market, in 2022. Overall, disposable blood bags market sales account for approximately 4.5% of revenue share in the global blood collection market, which was valued at around US$ 7.2 Billion in 2022.

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Drivers and Restraints

The disposable blood bags market is primarily driven by the increasing demand for blood transfusions and the rising prevalence of chronic diseases such as cancer, anemia, and hemophilia. Disposable blood bags offer numerous advantages over traditional glass bottles, including convenience, safety, and cost-effectiveness, which is expected to boost their demand. The increasing adoption of disposable blood bags in emerging economies and the growing awareness of blood donation are also contributing to the market's growth. However, the high cost of disposable blood bags and the strict regulatory requirements for their production and storage are restraining the market's growth. Additionally, the shortage of skilled healthcare professionals and the lack of adequate infrastructure in developing countries may also hinder the growth of the disposable blood bags market.

Company Profiles:

Fresenius SE & Co. KGaA
Terumo Corporation
Grifols, S.A.
HLL Lifecare Limited
Poly Medicure Limited
MacoPharma, S.A.
INNVOL Medical India Limited
Span Healthcare Private Limited

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Key Segments Covered in Disposable Blood Bags Industry Research
Product:

Collection Bags
Single Collection Bags
Double Collection Bags
Triple Collection Bags
Quadruple Collection Bags
Transfer Bags

Channel:

Tender Sales
Private Sales

End User:

Blood Banks
Hospitals
Non-Governmental Organizations (NGOs)

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