Japan blood bags market is anticipated to grow with an impressive CAGR in the forecast period, FY2023-FY2027. The market is expected to grow with the projected cumulative annular growth rate on account of increasing instances of chronic diseases and organ failures that require extended surgical procedures. Also, increasing blood related diseases that require blood transfusion is further driving the growth of the Japan blood bags market in the upcoming five years.
Road Accidents Drive Market Growth
Although Japan has considerably decreased the mortality rate due to road accidents in recent years, still a high number of yearly accidents on and off road is driving the growth of the Japan blood bags market in the upcoming five years. Due to accidents, the patient often suffers from severe limb trauma, or bone fractures, etc., and treatments and operations on such conditions create an excessive loss of blood. Thus, the demand for the blood bags to replenish the patient for the lost blood supports the growth of the Japan blood bags market in the next five years.
In the year 2020, Japan recorded more than 381 thousand road traffic accidents. The death count has decreased from more than 700 thousand in 2010; still, the government is acting toward decreasing the numbers further. Further development of organ replacement, the severe surgical procedure further enunciates the growth for the Japan blood bags market by creating the demand in future five years.
Healthcare Aware Population Support Market Growth
Rapidly increasing concerns among the population regarding the best possible healthcare services are also driving the growth of the Japan blood bags market in the upcoming five years. The government and the private firms dedicated to creating awareness about a healthier lifestyle are actively devoted to warning the population and promoting a more beneficial lifestyle. Also, the adult population is becoming more concerned and inclined toward health and is becoming health conscious. The population is inclined toward recent advancement in the blood bags and opting for environment friendly blood bags, thereby aiding the growth of the Japan blood bags market in the future five years.
The population is highly aware of the effect traditional plastic blood bags have on the environment. Terumo Corporation has opted for PVC blood bags as they were being popular in the United States to enhance the quality of the blood bags in future years. Using advanced technology to satisfy the requirement of environment friendly, needle friendly, and a material that does not alter blood properties and eradicates the chances of blood coagulation in the blood bag further aided the growth of the Japan blood bags market in the forecast years until FY2027.
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Market Segmentation
The Japan blood bags market segmentation is based on product type, type, volume, material, end user, competitional landscape, and regional distribution. Based on product type, the market is further fragmented into
Company Profile
JMS Co. Ltd, Kawasumi Laboratories, Inc, Terumo Corporation, Fresenius Medical Care Japan K.K., Grifols Japan K.K., Teleflex Medical Japan, Ltd., Haemonetics Japan Co Ltd, are some of the major market players in the country that lead the market growth analysis. New market players are also actively entering the market in the recent years and further strengthening the growth of the future market growth.
| Attribute | Details |
| Base Year | FY2021 |
| Historic Data | FY2017 – FY2020 |
| Estimated Year | FY2022 |
| Forecast Period | FY2023 – FY2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for FY2017 – FY2020 and FY2023 – FY2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | - Product Type
- Type
- Volume
- Material
- End User
|
| Regional scope | Hokkaido & Tohoku; Chubu; Chugoku; Kyushu; Kanto; Kansai; Shikoku |
| Key companies profiled | JMS Co. Ltd, Kawasumi Laboratories, Inc, Terumo Corporation, Fresenius Medical Care Japan K.K., Grifols Japan K.K., Teleflex Medical Japan, Ltd., Haemonetics Japan Co Ltd, |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
