Global Disposable Blood Bag Market 2017-2021

Disposable blood bag market forecast

According to disposable blood bag market opportunity analysis, the global disposable blood bag market will grow at a CAGR of close to 9% during the forecast period. One of the key drivers witnessed in the market is the low risk of spillage of blood during transportation. In the past, blood banks relied on glass bottles to distribute blood through specialized distribution channels. These glass bottles were sterilized after each use so they can be used multiple times. However, the risk of spillage or breakage was high during the process of sterilization and transportation because glass is a fragile material that is easily prone to breakage. This compelled manufacturers to design disposable blood bags to prevent the spillage during blood transportation.

Disposable blood bags are made from materials that are flexible and not fragile. These materials are made from specialized rubber-like material or PVC, which are highly reliable and flexible in nature. The adoption of disposable blood bag will continue to increase until the end of 2021 to enhance the process of blood management.

Disposable blood bag market trends

The rising demand for blood products is one of the key trends that will gain traction in the global disposable blood bag market in the forthcoming years. The increasing cases of medical emergencies, surgeries, chronic diseases, and blood-related research is driving the demand for whole blood and blood products such as RBC, hemoglobin, plasma, platelets, and WBC. This, in turn, will drive the demand for blood bags and increase the disposable blood bag market size and share.

Disposable blood bag market: Competitive landscape and key vendors

The global disposable blood bag market is highly competitive due to the presence of many players. The international and regional vendors have a wide geographic reach and market penetration. They are increasingly focusing on widening their end-user segments and product segments.

Key vendors in the disposable blood bag market

• AdvacarePharma
• Fresenius Kabi
• Grifols
• Poly Medicure

Disposable blood bag market segmentation by end-user

• Independent blood banks
• Healthcare facilities

The healthcare facilities segment includes hospitals, diagnostics centers, clinics, and patient care centers. The segment accounted for the maximum shares during 2016 due to the strong presence of hospitals in developed countries and their continued growth in developing countries. The increasing volume of treatments requires blood transfusion in these hospitals. This, in turn, will drive the segment’s growth in the forthcoming years.

Disposable blood bag market segmentation by geography

• Americas
• APAC
• EMEA

The growth in end-user base including hospital-based blood banks and independent blood banks in the Americas will boost the adoption of disposable blood bags in the region. The market will continue to grow in the region during the forecasted period due to the growth in the blood banks that are managed by governments and NGOs.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global disposable blood bag market?
• What are the key market trends impacting the growth of the global disposable blood bag market?
• What are the challenges to market growth?
• Who are the key vendors in the global disposable blood bag market?
• What are the market opportunities and threats faced by the vendors in the global disposable blood bag market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global disposable blood bag market?

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