Global Disposable Plastic Blood Bags Market is Estimated to Reach $6 Billion by 2024, Says…
By: Mahi Patil
Tags: Revenue, Market, Report, Forecast

Global Disposable Plastic Blood Bags Market is Estimated to Reach $6 Billion by 2024, Says Accurize Market Research

Disposable Plastic Blood Bags Market

Global Disposable Plastic Blood Bags Market report published by Accurize Market Research forecast that the global market is expected to reach $6 billion by 2024; growing at a CAGR of 9.1% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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The rising number of chronic and lifestyle diseases to drive the global market

The key drivers supporting the growth of the global disposable plastic blood bags market include growing awareness about blood donations, increasing geriatric population, rising number of chronic and lifestyle diseases, and government initiatives for increasing features of these blood bags. Though, risks related to blood transfusion and poor infrastructure for the storage of blood in many rural areas may hamper the market.

Market Segmentation

The global disposable plastic blood bags market is split into type, end-user, and geography. By type segment, the market is divided into a single blood bag, double blood bag, triple blood bag, and quadruple blood bag. The end-user segment is divided into hospitals, blood banks, home healthcare, and others.

North America, Europe, Asia-Pacific and Rest of the World (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S., Canada, and Mexico. Europe covers countries like Russia, the U.K., Germany, France, Italy and the Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. The rest of the World (RoW) covers South America, Africa, and the Middle East.

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“Single blood bag accounted for the largest market share in the type segment”, says Accurize

Single blood bag held the majority of the type segment share in 2017. In the end-user segment, hospitals are anticipated to attain the fastest CAGR during the forecast period, 2017–2025.

“North America dominated the global market with the highest market share over the forecast period”, says Accurize

North America accounted for the majority of market share in 2017, i.e., 34.2%. Moreover, Asia-Pacific is anticipated to attain the fastest CAGR during the forecast period, 2017–2025, due to improving healthcare infrastructure, increasing the prevalence of chronic diseases and increasing the popularity of blood donation camps.

Top players in the market

Major companies operating in the market include Grifols, S.A., Fresenius SE & Co, MacoPharma SA, Kawasumi Laboratories, Inc., Neomedic Limited, Sichuan Nigale Biomedical Inc., Shanghai Transfusion Technology Co., Ltd., SURU International Pvt. Ltd., Haemonetics, S.A., and Terumo Corporation, among others.