Disposable Blood Bags are used in sold in government hospitals and national blood banks through government contracts and procurements through the bidding process. Privately funded hospitals, clinics, and blood banks also demand for Disposable Blood Bags. NGOs also use disposable plastic blood collection bags during blood donation campaigns.
The global Disposable Blood Bags market is estimated to account for US$ 537.2 Mn in terms of value and 459,040 Thousand Units in terms of volume by the end of 2027.
Global Disposable Blood Bags Market: Drivers
Increasing initiatives for blood donation are expected to propel growth of the global Disposable Blood Bags market over the forecast period. For instance, in January 2018, New Jersey Health Department encouraged people for blood donations during National Blood Donor Month.
Global Disposable Blood Bags Market: Opportunities
Recycling of Disposable Blood Bags is expected to offer lucrative growth opportunities for players in the market.
Global Disposable Blood Bags Market: Restraints
Increasing plastic pollution is expected to limit growth of the global Disposable Blood Bags market. For instance, according to a research by the School of Natural Sciences at Bangor University in March 2020, Llyn Glaslyn - a remote lake near the summit of Snowdon (North-western Europe), contained an average of three pieces of microplastic per liter.
The Collection Bags segment in the global Disposable Blood Bags market was valued at US$ 185.6 Mn in 2019 and is expected to reach US$ 393.4 Mn by 2027 at a CAGR of 9.8% during the forecast period. Increasing prevalence of blood-related disorders is anticipated to assist the growth of the segment during the forecast period.
The Blood Banks segment held dominant position in the global Disposable Blood Bags market in 2019, accounting for 76.7% share in terms of value, followed by hospitals, respectively. Increasing initiatives for blood donation is anticipated assist the market during the forecast period.
Introduction of quality system requirements for collection of blood and blood components such as apheresis collection (collection of blood components) is fueling consumption of triple and quadruple collection systems in countries such as the U.S. Moreover, high requirement of plasma and blood components owing to increasing accidental and trauma injuries is driving demands for triple and quadruple blood collection bags to ensure easy and safe transfusion of plasma and blood components.
Major non-profit organizations are focused on conducting blood donation drives. For instance, in March 2020, Amy’s Army, a non-profit organization based in the U.S., partnered with the Blood Bank of Delmarva to host its second annual Blood Drive.
Asia Pacific is witnessing shortage of blood collection bags due to the outbreak of coronavirus disease.
Global Disposable Blood Bags Market: Competitive Landscape
Major players operating in the global Disposable Blood Bags market include, Poly Medicure Limited, Grifols, S.A., Macopharma, Fresenius Kabi India Pvt. Ltd., Terumo Penpol Pvt. Limited, HLL Lifecare Limited, Span Healthcare Private Limited, and Innvol Medical India Limited.
Global Disposable Blood Bags Market: Key Developments
November 2019: Grifols hosted North Carolina’s first recycling summit to strengthen its commitment to recycling and reuse
October 2019: HLL Lifecare Limited launched a “Plastic free HLL” campaign in connection with the ‘Swachhata hi Seva’ (Cleanliness is Service) campaign launched by the Government of India
Scope of the report
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