Global Blood Bags Market Size (2024 - 2029)

The blood bags market is experiencing significant growth, driven by increased demand during the COVID-19 pandemic and the rising need for blood transfusions due to road accidents and various medical conditions. The expansion of healthcare facilities and heightened awareness about blood donation are further contributing to the market's growth. However, challenges such as the environmental impact of hazardous waste from blood bags pose obstacles to the market's expansion.

Market Size of Global Blood Bags Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
123
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 10.80 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Blood Bags Market Analysis

The blood bags market is expected to register a CAGR of 10.8% over the forecast period, 2022-2027.

During the COVID-19 public health emergency, the demand for blood bags has increased subsequently. Many individuals with weak immune systems have been infected by COVID-19 and hospitalized and may require a blood transfusion due to COVID-19. As a result, the demand for blood bags and equipment has risen during COVID-19, following the pandemic. Many governments have also taken the initiative to help increase blood donation. For instance, in June 2020, the Maharashtra state government in India used social media initiatives to increase the number of blood donations. The move was taken following the shortage of blood in the region. Such programs have positively impacted the global blood bags market growth in many regions during the pandemic. As a result, the demand for blood bags has increased during COVID-19. In turn, aiding the overall market growth during the forecast period.

Road accidents are expected to be one of the major driving factors for the growth of the blood bag market as these accidents require immediate medical assistance including blood transfusion thus, a high number of road accidents are expected to play a crucial role in the demand for blood bags. For instance, according to the June 2021 update of the World Health Organization, about 1.3 million people die every year due to road traffic accidents and about 20 to 50 million people suffer from non-fatal injuries, with many incurring disabilities owing to the injury. Further, as per the same source, even though low- and middle-income countries have about 60% of the world's vehicles, these countries account for 93% of all the deaths due to road accidents and thus, it is expected that owing to a high number of road accidents, there is expected to be a high demand of the blood bags and thus, studied market is expected to grow.

Additionally, blood bags have also witnessed a great demand due to an increased number of patients suffering from various ailments related to blood, kidney, metabolic diseases, and neurological disorders. Cancers such as leukemia, lymphoma, myeloma, and myelodysplastic syndromes (MDS) can affect the bone marrow, blood cells, lymph nodes, and other parts of the lymphatic system. It has been observed that apheresis technology has been used to reduce the number of white cells until other medications can control them. For instance, in August 2021, according to the Leukemia and Lymphoma Society (LLS) Factsheet, approximately every three minutes, one person in the United States is diagnosed with blood cancer. Moreover, as per the same source, 186,400 people in the United States has diagnosed with leukemia and lymphoma in 2021. In addition, 825,651 people lived with lymphoma in the United States, 152,671 people resided with Hodgkin lymphoma, and 672,980 people lived with non-Hodgkin lymphoma. Thus, rising cases of blood cancers are further fueling the growth of the target market.

Moreover, the rising numbers of hospitals, blood banks, and other healthcare centers are driving the growth of the blood bags market, worldwide. The growing awareness about blood donation among citizens is also propelling the demand for blood bags, worldwide. However, the hazardous waste created by the excessive usage of blood bags is hampering the growth of the blood bag market.

Blood Bags Industry Segmentation

As per the scope of the report, blood bags are bags that are used for the reliable collection, separation, storage, and transport of blood, along with blood components, such as RBC, WBC, and blood platelets. Additionally, they prevent the blood from coagulation and contamination. The blood bags market is segmented by product (single blood bag, double blood bag, triple blood bag, and other products), type (collection bag and transfer bag), end user (hospitals and clinics, blood banks, and other end users), and geography (North America, Europe, Asia Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Product
Single Blood Bag
Double Blood Bag
Triple Blood Bag
Other Products
By Type
Collection Bag
Transfer Bag
By End User
Hospitals and Clinics
Blood Banks
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
Need A Different Region Or Segment?
Customize Now

Global Blood Bags Market Size Summary

The blood bag market is poised for significant growth, driven by various factors including the increased demand for blood transfusions during the COVID-19 pandemic. The pandemic highlighted the critical need for blood bags as many patients with weakened immune systems required transfusions. This surge in demand was further supported by government initiatives to boost blood donations, which positively impacted market expansion. Additionally, the prevalence of road accidents necessitating immediate medical assistance and blood transfusions has been a major contributor to market growth. The rising incidence of blood-related ailments, such as cancers affecting blood cells, has also fueled the demand for blood bags, as advanced medical technologies like apheresis are employed to manage these conditions.

The market is further bolstered by the expansion of healthcare infrastructure, including hospitals and blood banks, and increased public awareness about blood donation. However, the market faces challenges due to the environmental concerns associated with the disposal of used blood bags. The hospital segment is expected to experience robust growth due to the high volume of surgical procedures requiring substantial blood supplies. North America, in particular, is witnessing substantial market growth due to the high demand for blood transfusions and ongoing awareness campaigns. Key industry players are focusing on innovation and sustainability to maintain their market position, with recent developments such as contracts for advanced blood storage technologies and the establishment of new blood bank centers.

Explore More

Global Blood Bags Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Incidences of Blood-related Disorders

      2. 1.2.2 Increasing Number of Trauma and Road Accidents

      3. 1.2.3 Growing Awareness About Blood Donation Among Citizens

    3. 1.3 Market Restraints

      1. 1.3.1 Hazardous Waste Created by the Excessive Usage of Blood Bags

    4. 1.4 Porter' s Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 Single Blood Bag

      2. 2.1.2 Double Blood Bag

      3. 2.1.3 Triple Blood Bag

      4. 2.1.4 Other Products

    2. 2.2 By Type

      1. 2.2.1 Collection Bag

      2. 2.2.2 Transfer Bag

    3. 2.3 By End User

      1. 2.3.1 Hospitals and Clinics

      2. 2.3.2 Blood Banks

      3. 2.3.3 Other End Users

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Global Blood Bags Market Size FAQs

The Global Blood Bags Market is projected to register a CAGR of 10.80% during the forecast period (2024-2029)

Terumo Corporation, Maco Pharma International GmbH, Teleflex Incorporated, Grifols SA and Fresenius SE & Co. KGaA are the major companies operating in the Global Blood Bags Market.

Blood Bag Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)