IMARC Group's report titled "Blood Bags Market Report by Product Type (Single Blood Bag, Double Blood Bag, Triple Blood Bag, Quadruple Blood Bag, Penta Blood Bag), Application (Collection Blood Bag, Transfer Blood Bag), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Blood Banks, and Others), Material (Poly Vinyl Chloride Blood Bag, Polyethylene Terephthalate Blood Bag, and Others), Capacity (100ml Blood Bag, 150ml Blood Bag, 250ml Blood Bag, 300ml Blood Bag, 350ml Blood Bag, 400ml Blood Bag, 450ml Blood Bag, 500ml Blood Bag), and Region 2024-2032". The global blood bags market size reached US$ 289.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 579.0 Million by 2032, exhibiting a growth rate (CAGR) of 7.8% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/blood-bags-market/requestsample
Factors Affecting the Growth of the Blood Bags Industry:
Many chronic diseases, such as certain types of cancer, sickle cell anemia, and thalassemia, require frequent blood transfusions as part of their treatment regimens. As the prevalence of these diseases is rising, the demand for blood bags to store and transport donated blood for transfusions is increasing. Chronic diseases often lead to complications that require medical interventions, including surgeries and blood transfusions. Patients undergoing chemotherapy for cancer may experience severe anemia and require blood transfusions to manage their condition.
Innovations are leading to the development of safer materials for blood bags. The use of PVC-free and DEHP-free materials reduces the risk of harmful chemical leaching into stored blood, enhancing the safety of blood transfusions. Advancements in blood bag design and materials are improving storage and preservation capabilities. Advanced blood bags incorporate features, such as anti-coagulants and oxygen-scavenging systems, to prolong the shelf life of stored blood and maintain its viability for transfusion.
Increasing awareness about the importance of blood donation encourages more people to donate blood voluntarily. As a result, blood banks and donation centers experience higher donation rates, leading to an increasing supply of blood that needs to be stored and transported in blood bags. Awareness campaigns often target specific demographics, encouraging individuals from various age groups, ethnicities, and socioeconomic backgrounds to donate blood. This diversification of the blood donor pool helps ensure a more comprehensive and sustainable blood supply, driving the demand for blood bags to accommodate different blood types and donor profiles.
Leading Companies Operating in the Global Blood Bags Industry: