Global Disposable Plastic Blood Bags Market Is Boosted By Increasing Awareness About Blood Donations

Global Disposable Plastic Blood Bags Market Report, published by Variant Market Research, forecast that the global market is expected to reach $646 million by 2024 from $319 million in 2016, growing at a CAGR of 9.2% from 2016 to 2024. By geography, Asia-Pacific is expected to grow at a CAGR of 9.7% followed by North America during the forecast period.
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The global disposable plastic blood bags market is majorly driven by increasing awareness about blood donations, rising geriatric population, rising various chronic and lifestyle diseases, and government initiatives for growing features of these blood bags. However, risks associated with blood transfusion and poor infrastructure for storage of bloods in rural areas could hamper the market growth. Furthermore, increasing requirement for blood and blood derived-products and government acquiring blood assemblage bags through tender would provide numerous growth opportunities during the forecast period.
The global disposable plastic blood bags market has been categorized into type, end-user, and geography. On the basis of type, the market is segmented into single blood bag, double blood bag, triple blood bag, and quadruple blood bag. Single blood bag accounted for the major of the type segment share in 2016. Additionally, end-user segment is further divided into blood banks, hospitals, home healthcare, and others. Hospitals is expected to achieve the fastest CAGR during the forecast period, 2016 - 2024.
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Based on geography, the disposable plastic blood bags market is segmented into North America, Europe, Asia-Pacific, and Rest of the world (RoW). North America held the major market share in 2016, with 34.2%. Furthermore, Asia-Pacific is predicted to achieve fastest CAGR during the forecast period, 2016 – 2024, owing to improving healthcare infrastructure, growing prevalence of chronic diseases, and growing popularity of blood donation camps.
The key companies operating in global market include Shanghai Transfusion Technology Co., Ltd., Grifols, S.A., Fresenius SE & Co, MacoPharma SA, Kawasumi Laboratories, Inc., Neomedic Limited, Sichuan Nigale Biomedical Inc., Haemonetics, S.A., Terumo Corporation, and SURU International Pvt. Ltd., among others.
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Scope of Global Disposable Plastic Blood Bags Market
Type Segments
• Single Blood Bag
• Double Blood Bag
• Triple Blood Bag
• Quadruple Blood Bag
End-User Segments
• Hospitals
• Blood Banks
• Home Healthcare
• Others
Geography Segments
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Others
• Asia-Pacific
o India
o Japan
o China
o Others
• RoW
o South America
o Middle East
o Africa

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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