Dublin, May 04, 2023 (GLOBE NEWSWIRE) -- The "Global Blood Bags Market Size, Trends, and Growth Opportunity, by Product, by Type, by Volume, by Material, by End-User, by Region and Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Blood Bags Market was valued at USD 322.98 million in 2022 and is expected to expand to USD 597.21 million in 2030 at a CAGR of 6.85% during the forecast period 2023-2030.
Companies Mentioned
- TERUMO BCT INC
- Maco Pharma
- Fresenius Kabi India Pvt Ltd
- Grifols SA
- Neomedic International SL
- Teleflex Incorporated
- Qingdao Sinoland International Trade Co Ltd
- JMS Co Ltd
- Demophorius Healthcare Ltd
- KAWASUMI LABORATORIES INC
- Polymedicure
- AdvaCare Pharma
- Coloplast Corp
- Innvol
Blood bags refers to flexible tiny pouch used for the storage, transfusion, collection, and transportation of blood along with various blood components like RBC, WBC, and blood platelets. The blood bags store both the blood and its components. The blood is extremely sensitive to changes in temperature, light, and air so the blood bags are required to store blood and its components
Market Drivers
The increasing blood collection initiatives and rising awareness among people regarding blood donation propel the growth of the market.
The growing government initiatives regarding blood sampling activities act as major factors for the growing market during the forecast period. Furthermore, the rising numbers of hospitals, blood banks, and other healthcare centers boost the expansion of the market.
Road accidents require immediate medical assistance like blood transfusion which increases the demand for blood bags and fuels the growth of the market.
Market Restraints
The hazardous waste created by the use of blood bags and the lack of skilled workers hinders the growth of the market. Furthermore, the high cost associated with blood bags restrains the growth of the global blood bags market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD(MN)) in 2022 | USD(MN)322.98 Million |
| Forecasted Market Value (USD(MN)) by 2030 | USD(MN)597.21 Million |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Market Segmentation
By Product Type
- Single Blood Bag
- Double Blood Bag
- Triple Blood Bag
- Quadruple Blood Bag
- Penta Blood Bag
By Type
- Collection Bag
- Transfer Bag
By Volume
- 100ml
- 150ml
- 250ml
- 300ml
- 350ml
- 400ml
- 450ml
- 500ml
By Material
- PVC
- PET
- Others
By End-Users
- Hospitals
- Clinics
- Ambulatory Surgical Center
- Blood Banks
- Others
Key Question Addressed by the Report
- What are the Key Opportunities in Global Blood Bags Market?
- What will be the growth rate from 2023 to 2030?
- Which segment/region will have the highest growth?
- What are the factors that will impact/drive the Market?
- What is the role of key players in the value chain?
For more information about this report visit https://www.researchandmarkets.com/r/xwe0va
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