Global Disposable Plastic Blood Bags Market By Type (Single, Double, Triple, Quadruple) By Application (Blood Banks, Hospital, Healthcare Institutes, Home Healthcare) Trends and Forecast 2024-2034

Overview

Global Disposable Plastic Blood Bags Market size was valued at USD 585 Million in 2023 and it is further anticipated to reach a market value of USD 1,307.7 Million in 2033 at a CAGR of 8.6%.

Disposable plastic (PVC) bags were introduced as an innovative solution to blood storage for transfusion in the 1970s, replacing reusable glass bottles and revolutionizing blood and blood product storage for transfusion. Constructed of plasticized PVC, they facilitated blood component separation and utilization more effectively than before, making treatments for various hematological diseases such as anemia, hemochromatosis, and leucocytosis more effective and convenient.

Global Disposable Plastic Blood Bags Market report offers an in-depth analysis of the target market, encompassing factual data like market size and shares at both regional and country levels, with CAGR and year-on-year growth rates. The report gives crystal view on market trends, opportunities, restrains and challenges along with competitive landscape analysis. Porters Five Forces, PESTLE, supply-chain analysis, Ecosystem analysis and Macro economic factors are included to cover all the target market aspects.

The research report on the global disposable plastic blood bags market includes both qualitative as well as quantitative analysis of the market, company profiles of major market players along with complete product details and their competitive scenario. The report highly exhibits on the current and upcoming market trends and provides comprehensive analysis of all the factors that impact the global disposable plastic blood bags market growth and size. The report will help companies to make better strategical business decisions.

Key Takeaways

• Market Size & Share: Disposable Plastic Blood Bags Market size was valued at USD 585 Million in 2023 and it is further anticipated to reach a market value of USD 1,307.7 Million in 2033 at a CAGR of 8.6%.
• Type Analysis:  In 2023, triple blood bags dominated the market share by accounting for 38%.
• Application Analysis: In 2023, Blood Banks held nearly 45% of market share.
• Regional Analysis: North America led the Disposable Plastic Blood Bags Market in 2023 due to a strong healthcare infrastructure
• Technological Advancements: Continuous innovations in blood bag manufacturing are enhancing the safety and efficiency of blood storage and transfusion processes.
• Environmental Concerns: Regulatory challenges related to plastic waste management pose constraints, urging manufacturers to explore eco-friendly alternatives.

Use Cases

• Blood Collection and Storage: Disposable plastic blood bags are commonly utilized by blood banks, hospitals, and clinics for collecting and safely storing blood as well as its various components - plasma, platelets and red blood cells. These disposable bags ensure that stored blood remains sterile and free from contamination during storage.
• Blood Transfusion: These bags are an integral component of blood transfusion, where blood or its components are transferred from a donor to the recipient. Their purpose is to preserve the integrity of the blood, thus lowering infection risks during transfusion.
• Component Separation: Disposable blood bags can also be used for component separation by centrifugation. This enables targeted treatments such as transfusing only red blood cells or plasma, depending on each patient's requirements.
• Therapeutic Procedures: Plasmapheresis uses disposable blood bags to collect and separate plasma from blood, returning any remaining components back to its donor's body.

Market Dynamics

Driver

Rising Demand for Blood Transfusion Services

The increasing prevalence of chronic diseases, trauma cases, and surgical procedures worldwide has led to a significant rise in the demand for blood transfusion services. Disposable plastic blood bags play a crucial role in the safe collection, storage, and transportation of blood and blood components, which are essential in medical treatments. This growing demand for blood transfusions is driving the expansion of the disposable plastic blood bags market.

Trend

Technological Advancements in Blood Bag Manufacturing

Technological advancements in the manufacturing of blood bags, such as the development of multi-compartment bags and integrated collection systems, are trending in the market. These innovations aim to enhance the efficiency and safety of blood storage and transfusion processes, contributing to the market's growth by offering better solutions to healthcare providers.

Restraint

Environmental Concerns and Regulatory Challenges

The environmental impact of plastic waste is a significant restraint for the disposable plastic blood bags market. The increasing focus on reducing plastic usage and promoting sustainable practices has led to stricter regulations on plastic products, including medical supplies. These regulatory challenges and environmental concerns are posing hurdles for market growth, pushing manufacturers to seek eco-friendly alternatives.

Opportunity

Expansion in Emerging Markets

Emerging markets, particularly in Asia-Pacific and Africa, present a substantial opportunity for the disposable plastic blood bags market. The growing healthcare infrastructure, increasing awareness of blood donation, and government initiatives to improve healthcare access are driving demand in these regions. Companies that can tap into these markets with cost-effective and innovative products are likely to experience significant growth.

The COVID-19 Pandemic & Recession: Impact on the Global Disposable Plastic Blood Bags Market:

Dimension Market Research has closely monitored the impact of COVID-19 and the recession on specific business segments, along with its short and long-term implications at both the global and regional levels. The initial outbreak of the COVID-19 pandemic caused unprecedented economic damage across numerous regions. The COVID-19 pandemic severely disrupted production, sales, and supply chain activities in developed as well as developing economies. Our report comprehensively covers the pre and post-COVID-19 impacts, along with an analysis of the recession's effects on the global disposable plastic blood bags market.

Research Scope and Analysis

Type Analysis

The Disposable Plastic Blood Bags Market can be divided into Single, Double, Triple and Quadruple categories depending on how many compartments or bags connected together are used to store various blood components. In 2023, triple blood bags dominated the market share by accounting for 38%. These triple bags are extremely popular due to their ability to isolate and store three separate blood components red blood cells, plasma, and platelets--in a single collection process.

This functionality is essential in optimizing the utility of donated blood, making it highly efficient for various medical uses, including surgeries and emergency care. Triple bags have become the go-to solution for blood component separation during medical procedures due to their convenience, leading to their dominance in the market. Their efficiency and wide acceptance across both developed and developing healthcare markets contribute to their prominence as disposable plastic blood bags.

Application Analysis

In 2023, Blood Banks held nearly 45% of market share. Blood banks play an essential role in collecting, processing and storing blood and its components, making disposable plastic blood bags indispensable in their operations. With an increasing need for safe and cost-effective storage solutions in blood banks nationwide, disposable blood bags have become indispensable solutions.

Blood banks' ability to process large volumes of donations while adhering to stringent regulatory standards has solidified their dominance in the market. Demand for blood and its components, particularly emergency care and surgical procedures, has resulted in blood banks remaining the go-to centers for managing supply.

Market Analysis and Research Scope:

We provide Comprehensive insights about the disposable plastic blood bags market along with crucial Key factors such as market size, market CAGR, market potential, recent developments, trends, opportunities, new technologies and innovations, recent product launches, restraints and market regulations. This report will help our clients immensely in getting an inside out view of the disposable plastic blood bags market by providing them with the complete information about the disposable plastic blood bags market and its prominent players with their competitive analysis and strategies.

The global disposable plastic blood bags market research report provides accurate estimations for the forecast period 2024 to 2033 based on in-depth research and analysis through rigorous compilation of exhaustive primary and secondary research data. The final data will be carried out after verifying the in-house research analysis by the key opinion leaders of the global disposable plastic blood bags market. Our triangulate research method minimizes error margin and gives holistic view on the report.

The Global Disposable Plastic Blood Bags Market Report is segmented on the basis of the following:

Geographical Segmentation of the Global Disposable Plastic Blood Bags Market:

North America led the Disposable Plastic Blood Bags Market in 2023 due to a strong healthcare infrastructure, high demand for blood transfusions, and advanced medical facilities. Furthermore, its strong emphasis on blood safety under strict regulatory frameworks led to widespread adoption of disposable plastic blood bags among hospitals and blood banks as well as prominent market players' investments and continuous technological innovations related to blood storage solutions boosting its growth even more in North America. Furthermore, surgeries, trauma cases, chronic disease management cases all contributed towards North America becoming market leader.

Region and Countries

The global disposable plastic blood bags market research report provides competitive examination analysis of the leading players including company description, SWOT analysis, and financial information, exhaustive product portfolio with specifications, key business areas, market share analysis, acquisitions and mergers, and key developments, etc.

Competitive Landscape:

The global disposable plastic blood bags market is highly fragmented due to the presence of several leading players. Prominent market players of the disposable plastic blood bags market are exhibiting a keen interest towards the emerging economies such as China, India, etc. to enhance their revenue generating opportunities. The major market players are continuously focusing on their product branding, marketing and expansion of R&D, to increase their customer base. Exhaustive key vendor analysis has been done to meet the ever-changing needs of our clients and provide them with a complete overview on the competitiveness of the global disposable plastic blood bags market.

Global Disposable Plastic Blood Bags Market Key Players:

• Fresenius SE＆Co
  
• Grifols
  
• MacoPharma
  
• Haemonetics
  
• Terumo
  
• Kawasumi
  
• Neomedic
  
• Sichuan Nigale Biomedical
  
• Shanghai Transfusion Technology
  
• SURU
  

Recent Developments

Report Details