Rising Demand for Sterile Medical Packaging Drives North America's Leadership in Plasma Bottle Market Growth

The North American market for plasma bottles is poised for significant growth in the forecast period from 2022 to 2032. This region is expected to be a substantial contributor to the global plasma bottle market, driven by several key factors.

Firstly, there is a growing emphasis on the proper storage and transportation of blood components, including plasma, within North America's healthcare infrastructure. Ensuring the quality and integrity of these vital medical resources is paramount, and as a result, there is a rising demand for advanced medical packaging solutions like plasma bottles.

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Moreover, the introduction of new guidelines by authoritative bodies like the New York State Council regarding the processing and administration of plasma has heightened the need for sterile and disinfected plasma storage solutions. These guidelines have spurred the adoption of plasma bottles across healthcare facilities, blood banks, and related institutions in North America.

In conclusion, the North America market for plasma bottles is on an upward trajectory, driven by the region's commitment to maintaining the highest standards of hygiene and quality in the storage and transport of blood components, ultimately benefitting the healthcare and medical sectors.

Key Takeaways 

*With a growing vehicular fleet paired with rising traffic congestion, there is a substantial increase in the number of road accidents all over the world, which is expected to create a strong demand for associated treatments and supplements. According to a recent survey conducted by the National Crime Records Bureau, in 2020, approximately 354,796 incidences of road accidents were reported in India.
*The surging burden of road accidents is anticipated to accelerate the demand for blood and blood components for those patients with high blood loss. Since plasma bottles are extensively used for the safe collecting, storing, packaging, and transportation of blood components, the surging need for blood components is estimated to create lucrative growth opportunities in the global market.
*In addition to that, the leading plasma bottle manufacturers are persistently aiming at adopting novel production processes in order to manufacture plasma bottles with varying sizes, shapes, and colors with minimum defects, which is expected to favor the growth in the market.
*Owing to the presence of stringent standards and norms for the development and approval of sterile medical packaging solutions across various regions including North America, Europe, and Asia Pacific is projected to restrain the growth in the global plasma bottle market.
*Furthermore, the implementation of strict regulations regarding the use of plastics, due to the rising concerns regarding disposal and environmental impact is expected to hamper the demand for plasma bottles across the plastics segment.

Competitive Landscape

Some of the prominent market players in the global plasma bottle market are increasingly focusing on launching new products to expand their product portfolio and adopting production capacity expansion and agreement strategies for strengthening their footprint.

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More Insights into the Plasma Bottle Market

According to Future Market Insights, the South Asian region is anticipated to dominate the global plasma bottle market throughout the forecast period by accounting for the lion's share.

On the account of growing burden of road accidents and surging prevalence of blood-related diseases across the Asia Pacific region is known as a significant rise in blood & blood component transfusion is being witnessed in the countries such as India, Thailand, Bangladesh, and others.

According to the reports by the Friends2support Organization, around 50 Mn units of blood are required each year and nearly 30 Mn units of blood components such as plasma are transfused every year in India. As plasma bottles are extensively used across numerous medical banks for the transportation of blood components, the increasing need for blood transfusion is expected to facilitate growth in the South Asia market.

North America is yet another region predicted to bolster impressive growth over the assessment period by accounting for a significant market share in the global plasma bottle market during the forecast period 2022-2032, states FMI.

An increased inclination is witnessed for proper storage and transportation of blood components in maximum hygienic conditions for maintaining the quality of blood, and the demand for novel medical packaging solutions such as plasma bottles is rapidly increasing.

Furthermore, the launch of new guidelines on Human Blood and Transfusion Services by the New York State Council for the processing and administration of plasma is further elevating the adoption of disinfected plasma storage solutions. This is anticipated to bolster the sales of plasma bottles in the North American market.

Key Segments Profiled in the Plasma Bottle Market Survey

By Raw Material:

Glass
Type I
Type II
Plastics

By Shape:

Cylindrical
Rectangular
Tubular

By Capacity:

Up to 50ml
Up to 100 ml
Up to 250ml
Up to 500ml
Up to 1000ml
Above 1000ml

By End Use:

Pharmaceuticals
Healthcare & Medical
Research & Development
Defense
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.