Plastic Blood Bags Market Forecast and CAGR
The global sales of plastic blood bags are expected to grow at 9% over the forecast period of 2021 to 2031. The demand for plastic blood bags saw an upsurge owing to the increased usage in the healthcare sector.
The plastic blood bags are made up of polyvinyl chloride (PVC) and plastic materials which have replaced the glass containers that were used earlier for blood storage. These plastic blood bags have a shelf life of around 42 days that makes them a suitable storage facility for blood. It is available in various types and multiple bags are interconnected with the help of clamps, tubes, needles, and so on.
Effectiveness of Plastic Blood Bags Impacting its Demand Positively
The technology innovation has resulted in the introduction of these plastic blood bags that has improved the storage and transportation of blood. Plastic blood bags are the devices for biomedical services that are used for collection, storage, transportation, and blood transfusion. These plastic blood bags help to separate various blood components like platelets, plasma, and cryoprecipitate which are effective for treating various blood disorders.
The rise in the number of patients with chronic diseases, the growing aging population, and increase in the tragic road accidents have impacted the demand for plastic blood bags worldwide. These plastic blood bags provide convenience in handling the blood from the donor to the patient. In an emergency, blood in the plastic bag is convenient to carry without any risk of dropping it unlike earlier when glass containers were used, they needed utmost care to handle it.
Moreover, the government and private organization’s blood donation initiatives have increased the number of blood donors and thus it has fuelled the growth of the plastic blood bags market at a great level. Plastic blood bags are utilized in hospitals, blood banks, home healthcare, etc.
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North America Demand Outlook for Plastic Blood Bags Market
North America will have a significant demand for plastic blood bags in the forecasted period. North American countries like the United States and Canada have a growing prevalence of disorders related to blood like leukemia which will boost the plastic blood bags market in the region.
Europe Plastic Blood Bags Market outlook
The European market is anticipated to have moderate growth in plastic blood bags owing to the increase in the number of blood donors in various countries of Europe. For instance, around 80.1% of people in Sweden expressed their willingness to donate blood in the forecasted period which will boost the plastic blood bag market respectively.
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Plastic Blood Bags market: key players
Some key manufacturers operating the business in the plastic blood bags market globally includes
- Haemonetics Corporation
- Terumo Corporation
- HLL Lifecare Limited
- Fresenius SE & Co
- MacoPharma SA
- Poly Medicure Limited
- Span Healthcare Private Limited
- SURU International
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Plastic Blood Bags Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Plastic Blood Bags: Market Segmentation
Based on product type, the global plastic blood bags market can be segmented into:
- Quadruple blood bag
- Triple blood bag
- Double blood bag
- Single blood bag
Based on sales channel, the global plastic blood bags market can be segmented into:
- Private Sales
- Tender Sales
Based on end user, the global plastic blood bags market can be segmented as:
- Blood Banks
- Home Healthcare
- Non-governmental organizations(NGOs)
Based on the Region, the global Plastic Blood Bags market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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