Global Disposable Blood Bags Market Size By Type (Blood Collection Bags, Blood Transfusion Bags), By End-User (Blood Banks, Hospitals), By Geographic Scope And Forecast

Disposable Blood Bags Market Size And Forecast

Disposable Blood Bags Market size was valued at USD 250.38 Million in 2024 and is projected to reach USD 367.11 Million by 2031, growing at a CAGR of 4.90% during the forecast period 2024-2031.

The idea of transfusing neutralizing antibodies through recuperating blood is one that hospitals worldwide are embracing quickly. Therefore, these blood bags are increasingly employed in storing and transporting blood during plasma treatment, driving the market expansion due to the quick uptake of passive immunotherapy utilizing blood and plasma. The Global Disposable Blood Bags Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.

Global Disposable Blood Bags Market Definition

Disposable blood bags are biomedical apparatus that collect, transport, and transfuse blood and its constituent parts. They are made of biocompatible PVC blended with the proper additives so they won’t react with blood constituents. Glass bottles must be meticulously washed, rinsed, and autoclaved since they might break anytime. So, instead of glass bottles, disposable blood bags are preferred. Disposable blood bags also aid in separating blood components that are utilized to treat various blood diseases, including plasma, platelets, and cryoprecipitate.

Global Disposable Blood Bags Market Overview

The rise in blood-related diseases and the frequency of car accidents requiring blood transfusions are the main factors driving the growth of the Global Disposable Blood Bags Market. Blood transfusions are frequently used as supportive treatment in hematological therapy, major trauma, transplant surgery, and cardiovascular surgery. Disposable blood bags now function better, last longer, and work with more blood products because of technological breakthroughs in design and production.

These improvements, such as better bag materials and sealing methods, have helped disposable blood bags gain more acceptability and popularity. Additionally, it is anticipated that increased government measures to enhance healthcare blood management and rising public awareness of blood donation would promote market expansion. On the other hand, a crucial aspect that can limit market expansion is the need for a vital healthcare infrastructure for blood collection, storage, and delivery across several low-income nations.

Global Disposable Blood Bags Market Segmentation Analysis

The Global Disposable Blood Bags Market is segmented on the basis of Type, End-User, and Geography.

Disposable Blood Bags Market, By Type

• Blood Collection Bags
• Blood Transfusion Bags

Based on Type, The market is segmented into Blood Collection Bags and Blood Transfusion Bags. The Blood Transfusion Bags segment is anticipated to dominate the Global Disposable Blood Bags Market. The need for blood transfusion bags is expected to rise as the number of infectious and chronic illnesses, along with the number of surgical procedures, rises.

Disposable Blood Bags Market, By End-User

• Blood Banks
• Hospitals
• Others

Based on End-User, The market is segmented into Blood Banks, Hospitals, and Others. The Hospitals segment is anticipated to dominate the Global Disposable Blood Bags Market because the number of surgical operations has increased. The category will also grow due to the growth in blood diseases, the development of the healthcare industry, and the rise in the construction of hospitals and clinics.

Disposable Blood Bags Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global Disposable Blood Bags Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America will hold the largest market. The market will see profitable expansion due to factors including the rising use of blood tests and the prevalence of several chronic illnesses and blood-related disorders in the region. Additional factors that may benefit market expansion include a well-developed and equipped healthcare infrastructure, increasing blood donation activities, and government initiatives to promote disposable blood bags to avoid infections.

Key Players

The “Global Disposable Blood Bags Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Fresenius SE & Co. KGaA, Haemonetics Corporation, MacoPharma, Teleflex Incorporated, Terumo Corporation, Grifols, S.A., HLL Lifecare Limited, Poly Medicure Limited, INNVOL Medical India Limited, Span Healthcare Private Limited, Haemonetics Corporation, and Neomedic International.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In April 2021, For USD 55.2 million, Grifols acquired the seven US plasma donation facilities from Kedrion. Grifols anticipates having immediate access to the plasma collected at these facilities, which obtain around 240,000 liters annually due to the transaction.
• In January 2021, A binding contract was signed by Haemonetics Corporation and Cardiva Medical Inc., a privately held company. Haemonetics’ hospital solutions in the substantial and expanding interventional cardiology portfolio, including disposable blood bags, are anticipated to be expanded and diversified due to the purchase.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Disposable Blood Bags Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Disposable Blood Bags Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research