Press release
Inside the Lifeline Economy: Why the Blood Bags Market Is Bleeding Past All Forecasts in 2025
Global demand for blood bags is expanding rapidly, with the Blood Bags Market reaching USD 312.6 million in 2024 and expected to grow at a 7.38% CAGR to USD 637.2 million by 2033. This surge is powered by rising blood transfusion needs, technological innovations in materials and tracking, improved healthcare infrastructure across emerging markets, stricter regulations, and heightened public awareness on blood donation.
STUDY ASSUMPTION YEARS
• BASE YEAR: 2024
• HISTORICAL YEAR: 2019-2024
• FORECAST YEAR: 2025-2033
Blood Bags Market Key Takeaways
• Market Size & Growth: Valued at USD 312.6 million in 2024, projected to hit USD 637.2 million by 2033 - a strong 7.38% CAGR .
• Product Leadership: Single blood bags account for the largest share due to their simplicity and widespread use .
• Application Focus: Collection blood bags dominate, driven by the need for safe blood collection with integrated anticoagulants .
• End-User Segment: Hospitals are the primary buyers, handling diverse procedures ranging from surgeries to trauma care .
• Material Preference: PVC blood bags are the most used, favored for cost-effectiveness and component compatibility.
• Capacity Trend: 300 ml bags lead-ideal for major surgeries and critical medical care .
• Regional Dynamics: North America holds the largest share, but Asia Pacific shows fastest growth due to healthcare investments .
Market Growth Factors
Technological Advancements
Innovations in blood bag materials-like those that are PVC-free and DEHP-free-are making a real difference in safety by reducing the risks of contamination and plasticizer leaching. New designs with multiple compartments, leuko-reduction filters, and RFID-based inventory management are not only extending shelf life but also enhancing traceability and ensuring compliance with regulatory standards. These advancements are crucial for gaining acceptance in hospitals and blood banks throughout North America and Europe, which in turn is driving growth in the global market.
Regulatory Compliance & Quality Assurance
Global regulatory bodies have set strict guidelines for blood bags, pushing manufacturers to get creative with materials, sealing methods, and sterilization techniques. The push for eco-friendly materials and tamper-evident seals meets both sustainability goals and regulatory requirements. Staying compliant not only ensures patient safety but also boosts brand reputation, paving the way for new markets in regions with tough standards. As the demand for quality rises, so does the investment in research and development, which keeps the market moving forward.
Market Demand & Expanding Infrastructure
The increasing number of surgeries, trauma care needs, chronic disease management, and an aging population are all contributing to a higher demand for blood transfusions worldwide. Emerging economies, particularly in the Asia Pacific region, are ramping up their healthcare infrastructure and expanding blood donation initiatives. Take India, for example, where record-breaking donation camps highlight the growing need. With more blood being collected, having efficient storage and transportation through high-quality blood bags becomes vital, directly driving market growth.
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Market Segmentation
Breakup by Product Type
• Single Blood Bag: Common for single unit collection
• Double Blood Bag
• Triple Blood Bag
• Quadruple Blood Bag
• Penta Blood Bag
Breakup by Application
• Collection Blood Bag
• Transfer Blood Bag
Breakup by End User
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Blood Banks
• Others
Breakup by Material
• Poly Vinyl Chloride Blood Bag
• Polyethylene Terephthalate Blood Bag
• Others
Breakup by Capacity
• 100 ml Blood Bag
• 150 ml Blood Bag
• 250 ml Blood Bag
• 300 ml Blood Bag
• 350 ml Blood Bag
• 400 ml Blood Bag
• 450 ml Blood Bag
• 500 ml Blood Bag
Breakup by Region
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Regional Insights
North America is at the forefront of the global market, thanks to its exceptional healthcare infrastructure, strict regulations, and the continuous integration of cutting-edge features like RFID technology and safer materials. The U.S. stands out in both volume and innovation, which helps maintain a stable market value and fosters strong growth driven by advancements in institutions and high-quality standards.
Recent Developments & News
Key innovations are shaping the market's future: in November 2021, Grifols unveiled the plasticizer-free ALBUTEIN FlexBag, emphasizing eco-friendly design. Then, in March 2022, Terumo rolled out its TMCS lineup to enhance personalized care and improve hospital safety. Fast forward to July 2023, and we saw Teleflex acquire Palette Life Sciences, which strengthened its interventional urology portfolio and spurred impressive revenue growth in the high teens to low 20% range. These developments highlight the industry's commitment to sustainability, safety, and strategic growth.
Key Players
• AdvaCare Pharma
• BL Life Sciences Pvt. Ltd
• Demophorius Healthcare Ltd.
• Fresenius SE & Co. KGaA
• Grifols S.A.
• Haemonetics Corporation
• HLL Lifecare Limited
• Innvol Medical India Limited
• JMS Co. Ltd.
• Kawasumi Laboratories Inc.
• Maco Pharma International GmbH
• Mitra Industries Pvt. Ltd.
• Neomedic Limited
• Poly Medicure Ltd.
• Span Healthcare Private Limited
• Suru International Private Ltd.
• Teleflex Incorporated
• Terumo Corporation
• The Metric Company
• Troge Medical GmbH
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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
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