Disposable Blood Collection Bag Market Size to Reach USD 390.75 Million, With a CAGR of 4.8% CAGR by 2030

 

The disposable blood collection bag market dynamics has witnessed substantial growth in recent years and is projected to continue expanding. Factors such as the increasing prevalence of blood-related disorders, growing demand for blood transfusions, and rising awareness regarding the importance of safe blood collection have fueled market growth. Disposable Blood Collection Bag Market was valued at USD 270.10 Million in 2022 and is projected to reach USD 390.75 Million by 2030, growing at a CAGR of 4.8% during the forecast period.

Market Drivers:

The rising prevalence of blood-related disorders and the growing number of surgical procedures requiring blood transfusions are driving the demand for disposable blood collection bags. These bags ensure the safe collection, storage, and transportation of blood units, contributing to improved patient outcomes.

The awareness regarding the risks associated with bloodborne diseases, such as HIV, hepatitis, and other infections, has increased significantly. Healthcare facilities are emphasizing the use of disposable blood collection bags to minimize the risk of contamination and transmission of these diseases during blood collection processes.

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Market Segmentation:

By Type

·        Single Blood Bags

·        Double Blood Bags

·        Triple Blood Bags

·        Quadruple Blood Bags

By End User

·        Blood Banks

·        Hospitals

·        Others

Key Players In the disposable blood collection bag market

·        MacoPharma

·        Fresenius SE & Co. KGaA

·        Genesis BPS

·        Terumo Corporation

·        JMS Co. Ltd

·        Poly Medicure Limited

·        Narang Medical Limited

·        AdvaCare Pharma

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Regional Analysis:

North America holds a significant share in the disposable blood collection bag market. The region is characterized by well-established healthcare infrastructure, stringent regulatory frameworks, and a high emphasis on patient safety. The United States and Canada are the key contributors to market growth in North America, driven by increasing healthcare expenditure, technological advancements, and the presence of major market players.

Europe is another prominent market for disposable blood collection bags. The region is characterized by a strong focus on quality standards and patient safety. Countries such as Germany, France, and the United Kingdom contribute significantly to the market, owing to their well-developed healthcare systems and high awareness about bloodborne diseases. The European market is also driven by the increasing number of blood donations and advancements in blood transfusion practices.

The Asia Pacific region is witnessing rapid growth in the disposable blood collection bag market. Factors such as the large population, improving healthcare infrastructure, and rising healthcare expenditure contribute to market expansion. Countries like China, India, and Japan are the major contributors to the market in this region. The increasing prevalence of chronic diseases, growing awareness about blood safety, and government initiatives to improve healthcare services further propel market growth in Asia Pacific.

Recent Developments:

Terumo Corporation, a global leader in medical technology, announced the launch of its new disposable blood collection bag with integrated RFID (Radio Frequency Identification) technology. The RFID-enabled bag allows for seamless tracking and traceability of blood units throughout the collection and transfusion process, enhancing safety and efficiency.

In 2022, Fresenius Kabi AG, a leading healthcare company, introduced a novel disposable blood collection bag with an innovative anticoagulant technology. The bag incorporates a specialized anticoagulant formulation that helps maintain the integrity and viability of blood components during storage and transportation, improving the quality of blood products for transfusion.

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