Global Disposable Blood Bags Market to Represent a Value of US$ 409.2 Mn by 2024 End

According to a latest market report published by Persistence Market Research titled, ‘Global Disposable Plastic Blood Bags Market’, the market is projected to expand at a CAGR of 9.5% in terms of revenue over the forecast period (2016–2024). Excess Production of Disposable Blood Bags by Indian Manufacturers offers Major Potential to Export Blood Bags to Transitional Countries in Europe and MEA.

Disposable plastic blood bags has overshadowed the usage of glass bottles for collection storage, transfer, or processing of blood and blood components such as RBCs, plasma etc. This is because of convenience and mechanical strength of polyvinyl chloride (PVC) bags over glass bottles, which require exhaustive cleaning and sterilization before each use. The global disposable plastic blood bags market was valued at US$ 181.7 Mn in 2015 and is estimated to reach 113,193.0 thousand units of blood bags consumed by 2016 end.

View and Download TOC of Disposable Blood Bags Market Research Report @ https://www.persistencemarketresearch.com/market-research/disposable-blood-bags-market/toc

Increasing tender-based purchasing practices of blood collection bags by government blood banks and hospitals is expected to boost growth of the global disposable plastic blood bags market over the forecast period. Moreover, increasing need for blood and blood-derived products is escalating demand for disposable plastic blood bags.

The report analyses the global disposable plastic blood bags market in terms of value (US$ Mn) and volume (thousand units) by product type, sales channel, regions, and in terms of value (US$ Mn) by end user. The report also provides information regarding market dynamics, regulations, competitive landscape, current trends, market estimations, and forecast.

Request and Download Sample Report @ https://www.persistencemarketresearch.com/samples/11650

Globally, Asia Pacific expected to lead in the global market throughout the forecast period, owing to increasing number of voluntary and repeat blood donors in countries such as India and Bangladesh. In 2015, APAC disposable plastic blood bags market accounted for 44,730.1 thousand units of blood bags in terms of volume, which is expected to expand at a robust CAGR of 12.3% over the forecast period. Global demand for disposable plastic blood bags is expected to grow continuously over the forecast period due to improvement in product features such as value-added blood collection bags with in-line leucocyte filtration system, customized blood bags with tracking systems etc. Owing to large number of local players operating in the China disposable plastic blood bags market, growth of the APAC market over the forecast period is expected to be significantly high in terms of revenue and volume. North America is the subsequent lucrative market for disposable plastic blood bags and is expected to witness highest CAGR of 10.3% in terms of value over the forecast period.

Based on sales channels, the market has been segmented into private sales and tender sales. In terms of value and volume, tender sales channel segment is expected to contribute maximum to the global market for disposable plastic blood bags. This is attributed to lower cost of blood bags for tender-based purchasing. Tender sales channel is expected to expand at CAGR of 9.9% in revenue terms over the forecast period. Private sales segment is anticipated to witness diminishing growth, which is attributed to increasing cost of blood bags in private sales as compared to tender sales.

Among the various end users, disposable plastic blood bags find maximum opportunity in blood banks, followed by non-governmental organizations. Demand from blood banks for disposable plastic blood bags is expected to increase significantly over the forecast period due to increasing voluntary blood donation as a result of improving services offered by public and private blood banks. Hospitals end user segment is expected to lose share in the global disposable plastic blood bags market partly due to increasing privatization of healthcare services in countries such as India and China.

Major market players covered in the report include Fresenius SE & Co. KGaA, Terumo Corporation, Grifols, S.A., MacoPharma, S.A., HLL Lifecare Limited, Poly Medicure Limited, INNVOL Medical India Limited, and Span Healthcare Private Limited.

Key players in the global disposable plastic blood bags market are focusing on expansion of business in emerging markets and on providing value-added products.

Buy Full Cutting Equipment Market Report @ https://www.persistencemarketresearch.com/checkout/11650

About Us

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact

Persistence Market Research Pvt. Ltd

305 Broadway

7th Floor, New York City,

NY 10007, United States,

USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

media@persistencemarketresearch.com

Web: www.persistencemarketresearch.com

This release was published on openPR.