A disposable blood bag can be defined as a sterile, clear plastic bag used for transfer, storage, collection, and transfusion of blood and its components. It consists of multiple bags interconnected by tubes, clamps, needles, and needle covers. These blood bags are manufactured from bio-compatible PVC materials and additives to preserve blood and its components until further use. The global disposable blood bag market was valued at $279 million in 2016, and is estimated to reach at $580 million by 2023, registering a CAGR of 11.0% from 2017 to 2023. The volume of disposable blood bag market was 275 million units in 2016 and is expected to reach by 556 million units by 2023, registering a CAGR of 10.5%.
Increase in blood transfusion procedures and high incidence of accidents and trauma cases around the globe drive the market growth. Moreover, rise in prevalence of various blood-related diseases, such as sickle cell anemia, blood cancer, hemophilia, and others, is expected to boost this growth. However, risks related to blood transfusion and low number of blood donations in underdeveloped regions limit this market growth. On the other hand, rise in healthcare infrastructure and presence of lucrative opportunities in emerging countries are expected to provide numerous opportunities for market expansion during the forecast period.
The disposable blood bag market is segmented based on product, end user, and region. Based on product, it is divided into collection bag and transfer bag. The end users studied in this market include into hospital-based and stand-alone end users. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY MARKET BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By End User
KEY PLAYERS PROFILED IN THE REPORT