Australia Blood Bags Market By Product Type (Single Blood Bag, Double Blood Bag, Triple Blood Bag, Quadruple Blood Bag, Penta Blood Bag), By Type (Collection Bag v/s Transfer Bag), By Volume (100ml, 150ml, 250ml, 300ml, 350ml, 400ml, 450ml, 500ml), By Material (PVC, PET, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Center, Blood Banks, Others) Region, Competition, Forecast & Oppor

Australia Blood Bags Market is expected to grow steadily between 2024 and 2028, registering impressive CAGR. This can be attributed to the rising demand for blood collection as well as the incidence of blood-related illnesses. Blood bags are used to transfer blood if patients with blood-related disorders need blood from another individual.

The COVID-19 pandemic has caused an increase in the need for blood bags. People with weakened immune systems have acquired COVID-19, requiring hospitalization and blood transfusions. The pandemic thus had a favorable impact on the demand for blood bags and other medical equipment.

The expansion of the Australia Blood Bags market would also be impacted by rising fatal accident rates in the upcoming years. However, the overuse of blood bags is producing hazardous waste, which may restrain the market for blood bags in Australia from expanding in the upcoming years.

Increasing Incidences of Blood Related Disorders

Australia, like many other countries around the world, has been experiencing an increase in the incidence of blood-related disorders. These disorders can range from anemia to more serious conditions such as leukemia or thalassemia. As the number of people diagnosed with these conditions increases, so does the demand for blood bags.

More than 275,000 Australians are anticipated to have a blood cancer or blood disease by 2035. In Australia, it's anticipated that more than 5,950 individuals would die prematurely from blood cancer or other related blood illnesses in 2023. This translates to 16 people each day. The rise in blood-related ailments in Australia is expected to fuel the demand for blood bags there in the years to come.

Rise in Number of Road Accidents

Road accidents in Australia are a result of factors such as exceeding the speed limit, drunk driving, driver fatigue, driver distraction, etc. There are around 1,123 deaths in 2021. This represents a 2.6% increase from 2020. The population's growing awareness of blood donation is driving the market's growth. Moreover, the expansion of government and non-profit organizations' investments in healthcare infrastructure, diagnostic facilities, and medical research labs will accelerate market growth. Road accidents result in serious injuries that in turn lead to blood loss and urgent blood transfusions. The expansion of the Australia Blood Bags market during the forecast period is being impacted by the rising number of traffic accidents.

Market Segmentation

Australia Blood Bags Market can be segmented on the basis of product type, type, volume, material, end user and region. Based on product type, the market can be further divided into single blood bag, double blood bag, triple blood bag, quadruple blood bag, and penta blood bag. Based on type, the market is further bifurcated into collection bag v/s transfer bag. Based on volume, the market is divided into 100ml, 150ml, 250ml, 300ml, 350ml, 400ml, 450ml, 500ml. Based on material, the market is divided into PVC, PET, and Others. Based on end user, the market is divided into hospitals, clinics, ambulatory surgical center, blood banks, and others

Market Players

Terumo Australia Pty Ltd., Fresenius Kabi Australia Pty Limited, Grifols Australia, Teleflex Medical Australia Pty Ltd, Haemologic Biotech, SSS Australia Healthcare Supplies, Medilogic, and Lifeblood are some of the leading players operating in the Australia Blood Bags Market.