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The Blood Bags Market size was estimated at USD 493.20 million in 2022, USD 526.17 million in 2023, and is expected to grow at a CAGR of 6.82% to reach USD 836.09 million by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Blood bags are a vital component of the medical industry, as they are used to store and transport blood and blood components. Blood bags help to ensure the safety of both the patient receiving the donated blood and the donor providing it. They also help to reduce contamination, minimize wastage, and promote efficient use of resources. By keeping donated blood in a controlled environment, blood bags can help prolong its shelf life and maintain optimal quality. The main trends driving this growth include increasing demand for blood transfusions, rising prevalence of infectious diseases, technological advancements in blood storage and transportation, and increasing public health awareness about the importance of donating/storing blood for emergencies. However, limited supportive healthcare infrastructure in some countries and potential risks related to the material of blood bags can create hurdles for market growth. Advancements in blood bag manufacturing and materials create opportunities for a wider range of blood products and allow providers to offer better-quality products to their customers.
Regional Insights
The rising road crashes, increase in the number of surgeries, and labeling standards for blood bags are accelerating the need and use of blood bags in the Americas. The rising number of surgeries requiring blood transfusions, government initiatives to encourage blood donation, and the significant presence of blood bag manufacturers have increased the availability and usage of blood bags in the APAC region. Europe, the Middle East, and Africa market represent a developing landscape for the blood bags market owing to the rising number of surgeries, favorable government initiatives for blood donations, and emerging product development activities in the region. Additionally, the ongoing advancements and research in the material and design of blood bags are expected to facilitate the use of blood bags worldwide.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Blood Bags Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Blood Bags Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Blood Bags Market, highlighting leading vendors and their innovative profiles. These include AdvaCare Pharma, Advin Health Care, Alvedia, B L Lifesciences Private Limited, Demophorius Limited, Fresenius SE & Co. KGaA, Grifols, S.A, HAEMONETICS CORPORATION, HLL Lifecare Limited, HÄNSLER MEDICAL GMBH, Inovet, JMS Co., Ltd., KIEFEL GmbH, Lmb Technologie GmbH, Maco Pharma SAS, Mitra Industries Pvt. Ltd., Narang Medical Limited, Neomedic, Olidef Medical, Poly Medicure Limited, Qingdao Sinoland International Trade Co., Ltd., RENOLIT SE, SB-Kawasumi Laboratories, Inc., Shandong Weigao Group Medical Polymer Co.,Ltd., Suru International Pvt. Ltd., Suzhou Sinomed Co., Ltd., Terumo Corporation, The Metrix Company, TROGE MEDICAL GmbH, and Xindray Medical International Co., Ltd.Market Segmentation & Coverage
This research report categorizes the Blood Bags Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Double
- Quadruple
- Single
- Triple
- Material
- Polyethylene Terephthalate
- Polyolefins
- Polyvinyl Chloride
- Usability
- Collection Bag
- Transfer Bag
- End-Use
- Blood Banks
- Hospital
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Blood Bags Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Blood Bags Market?
- What are the technology trends and regulatory frameworks in the Blood Bags Market?
- What is the market share of the leading vendors in the Blood Bags Market?
- Which modes and strategic moves are suitable for entering the Blood Bags Market?
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Blood Bags Market, by Type
7. Blood Bags Market, by Material
8. Blood Bags Market, by Usability
9. Blood Bags Market, by End-Use
10. Americas Blood Bags Market
11. Asia-Pacific Blood Bags Market
12. Europe, Middle East & Africa Blood Bags Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- AdvaCare Pharma
- Advin Health Care
- Alvedia
- B L Lifesciences Private Limited
- Demophorius Limited
- Fresenius SE & Co. KGaA
- Grifols, S.A
- HAEMONETICS CORPORATION
- HLL Lifecare Limited
- HÄNSLER MEDICAL GMBH
- Inovet
- JMS Co., Ltd.
- KIEFEL GmbH
- Lmb Technologie GmbH
- Maco Pharma SAS
- Mitra Industries Pvt. Ltd.
- Narang Medical Limited
- Neomedic
- Olidef Medical
- Poly Medicure Limited
- Qingdao Sinoland International Trade Co., Ltd.
- RENOLIT SE
- SB-Kawasumi Laboratories, Inc.
- Shandong Weigao Group Medical Polymer Co.,Ltd.
- Suru International Pvt. Ltd.
- Suzhou Sinomed Co., Ltd.
- Terumo Corporation
- The Metrix Company
- TROGE MEDICAL GmbH
- Xindray Medical International Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 526.17 Million |
| Forecasted Market Value ( USD | $ 836.09 Million |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
