Global Blood Bags Market (2021-2026) by Product Type, Application, End-User, Material, Capacity, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Blood Bags Market is estimated to be USD 391.6 Mn in 2021 and is expected to reach USD 529.76 Mn by 2026, growing at a CAGR of 6.23%.

Market Dynamics

Upsurge in awareness of blood donations among the population and increasing prevalence of leukemia, anemia, hemophilia, myeloma medical ailment propels the market growth. Additionally, the rise in diagnostic centers by governments and non-profitable organizations, increasing healthcare infrastructure investments, and the rising number of medical research laboratories have enhanced the growth of the market. Escalation in demand for a collection of blood due to a surge of transfusion measures, increasing trauma injury cases & surgical procedures, and the government initiative for blood donation in developing nations are acting as principal factors for the growth of the global blood bags market.

However, the absence of infrastructure amenities to collect blood and store, stringent government rules and regulations in the utilization of plastics, and the adverse effects of plastic blood bags creating harmful waste act as the market's major constraints.

Market Segmentation

The Global Blood Bags Market is segmented further based on Product Type, Application, End-User, Material, Capacity, and Geography.

By Product Type, the market is classified as Single Blood Bag, Double Blood Bag, Triple Blood Bag, Quadruple Blood Bag, and Penta Blood Bag. Amongst all, the Double Blood Bag segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as Collection Blood Bag and Transfer Blood Bag. Amongst the two, the Transfer Blood Bag segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified as Hospitals, Clinics, Ambulatory Surgical Centers, Blood Banks, and Others. Amongst all, the Hospitals segment is estimated to hold the highest market share during the forecast period.

By Material, the market is classified as Polyvinyl Chloride Blood Bag, Polyethylene Terephthalate Blood Bag, and Others. Amongst all, the Polyethylene Terephthalate Blood Bag segment is estimated to hold the highest market share during the forecast period.

By Capacity, the market is classified as 100 ml Blood Bag,150 ml Blood Bag, 250 ml Blood Bag, 300 ml Blood Bag, 350 ml Blood Bag, 400 ml Blood Bag, 450 ml Blood Bag, and
500 ml Blood Bag. Amongst all, the 300 ml Blood Bag segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Company Profiles

Some of the companies covered in this report are Advacare Pharma, Biotest Biotechnology, BL Life Sciences, CellBios, Demophorius Healthcare, Fresenius, Grifols Pharmaceutical, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Blood Bags Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market