According to the latest report by IMARC Group, titled “Blood Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the blood bags market reached a value of US$ 256 Million in 2020 and expected to exhibit moderate growth during the next five years.Blood bags are extensively used for collecting, storing, transferring, and transfusing blood and several components, including plasma, platelets, and cryoprecipitate. They are made up of bio-compatible PVC materials and are usually available in the form of Saline Adenine Glucose Mannitol (SAGM) blood bags, Citrate Phosphate Dextrose Adenine (CPDA), and transfer bags. Furthermore, depending on the transfusion type, blood bags can be classified into single, double, triple, and quadruple blood collection bags.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Blood Bags Market Trends:
The rising number of fatal accidents, along with increasing blood transfusion procedures in the trauma centers, is currently driving the demand for blood bags. Moreover, the growing prevalence of blood-related disorders, such as myeloma, hemophilia, anemia, leukemia, etc., is also augmenting the need for blood transfusion. The increasing demand for blood bags in various invasive surgical procedures in the field of oncology, neurology, cardiology, orthopedics, etc., is further catalyzing the demand for blood bags. Furthermore, the growing awareness towards blood donation and the rising demand for plasma therapy are also strengthening the market growth. Besides this, the introduction of several blood donation programs by numerous government bodies and non-profit organizations is expected to further poliferate the market for blood bags in the coming years.
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Global Blood Bags Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis on region, product type, application, end user, material and capacity.
Breakup by Product Type:
Single Blood Bag
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 Centre
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)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Asia Pacific:(China, Japan, India, South Korea, Australia, Singapore, Others)
Latin America: (Brazil, Mexico, Argentina, Others)
Middle East and Africa: (Turkey, South Africa, Saudi Arabia, UAE, Others)
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