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Pulished Date April, 2021
ID: 9013
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Global Blood Bags Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product Type (Collection Bag, Transfer Bag), End User & Region – Industry Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 9013
Pages: 100

Blood Bags Market Size (2021 to 2026)

The global blood bags market size is expected to be worth USD 580 million by 2026, growing at a CAGR of 11.0% from 2021 to 2026.

Blood bags are generally used to store blood and also prevent contamination. Blood bags are commonly made up of plastic containing sodium citrate, phosphate, dextrose, and adenine. Blood banks have a complete application of these bags as they collect the blood in various ways to store them at an appropriate temperature.

MARKET DRIVERS:

Y-O-Y rise in road accidents every year is majorly accelerating the growth rate of the global blood bags market.

According to WHO, more than 1.4 million people die globally every year. The increase in the predominance of anemia, myeloma, leukemia, and hemophilia medical illnesses propels the market. The rise in awareness of blood donations among people is fueling the market. Moreover, the increase in healthcare infrastructure investments, medical research laboratories, and diagnostic centers by governments and non-profitable associations boost the market. 

The rise in the government's support in launching reimbursement schemes, which favor ordinary people, is leveraging growth opportunities for the market. The increased number of blood donation camps everywhere creates chances for the blood bags market to grow.

Rise in demand for a collection of blood, and growth in prevalence rates of blood-related disorders, a surge of procedures for transfusion, development of trauma injury cases, and the government purchases based on tenders in developing countries are acting as principal factors for the growth of the global blood bags market. Additionally, availability in an easy way of value-added products, encouragement by the government to increase usage of blood bags, having affordable expenditure are propelling the growth of the blood bags market.

An increasing number of accidental cases and the growing need for blood in emergencies are majorly driving the market demand. Rising incidences of chronic diseases and other surgical procedures fuel the blood bag market demand.

MARKET RESTRAINTS:

However, the government's stringent rules and regulations in the utilization of plastics are slightly degrading the blood bag market's growth. Lack of infrastructure facilities to collect blood and store, having low awareness levels about voluntary blood donation initiatives are significant limitations to the global blood bags market. The excessive use of plastic blood bags will create hazardous waste to the environment, which will be a considerable challenge to the blood bag market growth. The lack of facilities and infrastructure to collect blood and store are limiting the market demand.

Impact of COVID-19 on the global blood bags market:

The COVID has affected all the sectors in various ways. The COVID 19 has been announced as a pandemic by WHO in March 2020. The lockdown has affected the global economy seriously. The Blood Bags Market is not an exception. The hospitals mostly focused on essential medical services like COVID patience, and all the non-essential medical services were delayed. Likewise, all the diagnosis and treatment of blood-related health conditions were delayed are rescheduled, which impacted the market negatively. The pandemic has paused all the blood campaigns, and the investments by the governments and non-profit organizations got postponed, which hampered the market. However, the blood bags market shares started growing in the last months of 2020, where it is expected that the market shares to fall into the previous state in 2021.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Analysed

By Product Type, End-User, and Region

Various Segments Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa

 

This research report on the global blood bags market has been segmented and sub-segmented based on the product type, end-user, and region.

Blood Bags Market - By Product Type:

  • Collection Bag
    • Single Collection Bags
    • Double Collection Bags
    • Triple Collection Bags
    • Quadruple Collection Bags
  • Transfer Bag

Based on product type, the Collection bag type leads with the highest shares of the market with the rise in the medical campaigns globally. The single collection bags account for the largest and fastest growth rate due to extensive usage of single blood bags to treat pediatric disorders and extra benefits. The rise in medical campaigns around the world is the primary driver of the blood bag market. In collection bags, the single collection bag segments account for the largest and fastest growth rate. The extended usage of single blood bags to treat pediatric disorders and extra benefits fueled the blood bags market. Moreover, the single collection bags offer additional storage benefits that will generate a hike in the market. The Transfer Bags market is going to increase dramatically during the forecast period.

Blood Bags Market - By End-user:

  • Hospitals
  • Stand Alone
  • Others

Based on end-user, the hospital segment is witnessed in leading the highest shares of the market. Increasing investments in the construction of healthcare centers are fueling the demand of the market. The surge in blood donations is pushing the hospital segment. The rise in road accidents and an increase in blood-related diagnoses are boosting the market. Moreover, Only in the US, more than 48 million surgeries were done in hospitals, in which most of the surgeries needed a humongous amount of blood. These are the factors that boosted the hospital's segment in the blood bags market.

Blood Bags Market - By Region:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • UK
    • France
    • Spain
    • Germany
    • Italy
    • Rest of EU
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Australia & New Zealand
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
    • Rest of LATAM
  • Middle East
  • Africa

North America accounted for holding the largest shares of the market with the rise in most countries' capital income. This regional market is expected to account for a market share of 49.1% in the global market during the forecast period. The unlimited usage of blood tests is the main reason for the market growth. The rise in Research and Development in North America is propelling the market. The United States and Canada are the major contributors to the North America Blood Bag Market; it is mostly because of the increase in capital income. The government initiatives in supporting the application of blood bags in all the hospitals are boosting the market. Moreover, well-established healthcare organizations and numerous market players fuel North America's Blood Bag Market.

The European blood bags market is predominantly rising during the forecast period. The rise in pharmaceutical industries and government policies are boosting the market. Moreover, Germany and the UK are the major contributors to the Blood Bag market in Europe.

The Asia Pacific and Europe are next to North America and dominate the market's largest shares by adopting the latest technologies and rising incidences of chronic diseases. The Asia Pacific is the second biggest market in terms of market share globally. The quick adoption of the latest technologies and rising incidences of chronic diseases. The presence of numerous pharmaceutical companies in countries like India and China is propelling the Asia Pacific market. The vast market contributors in the Asia Pacific are China, Japan, and India. An increase in awareness of blood donation in India is boosting the market. Moreover, the rise in blood banks and government initiatives are boosting the market. According to UNAIDS, in India, more than 80,000 people were affected by AIDS in 2016, which helped India's blood bags market. These are the major factors that drive the Asia Pacific Blood Bags Market.

The Middle East and Africa are projected to have a slight inclination in the growth graph shortly.

NOTEWORTHY COMPANIES IN THIS MARKET:

Key market participants playing a crucial role in the global blood bags market profiled in the report are Fresenius SE & Co. KGaA, Terumo Corporation, Grifols, S.A., MacoPharma, S.A., HLL Lifecare Limited, Poly Medicure Limited, INNVOL Medical India Limited, Span Healthcare Private Limited, Haemonetics Corporation, and Neomedic International.

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Product Type
      1. Collection Bag
      2. Transfer Bag
      3. Y-o-Y Growth Analysis, By Product Type
      4. Market Attractiveness Analysis, By Product Type
      5. Market Share Analysis, By Product Type
    2. By End User
      1. Hospitals
      2. Stand Alone
      3. Others
      4. Y-o-Y Growth Analysis, By End User
      5. Market Attractiveness Analysis, By End User
      6. Market Share Analysis, By End User
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Product Type
        3. By End User
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Product Type
        3. By End User
      5. Market Share Analysis      
        1. By Geographical Area
        2. By Product Type
        3. By End User
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Fresenius SE & Co. KGaA
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Terumo Corporation
    3. Grifols, S.A
    4. MacoPharma, S.A
    5. HLL Lifecare Limited
    6. Poly Medicure Limited
    7. INNVOL Medical India Limited
    8. Span Healthcare Private Limited
    9. Haemonetics Corporation
    10. Neomedic International.
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Blood Bags Market, By Region, From 2021 to 2026 (USD Million)
  2. Global Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  3. Global Collection Bag Market, By Region, From 2021 to 2026 (USD Million)
  4. Global Transfer Bag Market, By Region, From 2021 to 2026 (USD Million)
  5. Global Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  6. Global Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  7. Global Stand Alone Market, By Region, From 2021 to 2026 (USD Million)
  8. Global Others Market, By Region, From 2021 to 2026 (USD Million)
  9. North America Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  10. North America Collection Bag Market, By Region, From 2021 to 2026 (USD Million)
  11. North America Transfer Bag Market, By Region, From 2021 to 2026 (USD Million)
  12. North America Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  13. North America Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  14. North America Stand Alone Market, By Region, From 2021 to 2026 (USD Million)
  15. North America Others Market, By Region, From 2021 to 2026 (USD Million)
  16. United States Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  17. United States Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  18. Canada Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  19. Canada Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  20. Europe Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  21. Europe Collection Bag Market, By Region, From 2021 to 2026 (USD Million)
  22. Europe Transfer Bag Market, By Region, From 2021 to 2026 (USD Million)
  23. Europe Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  24. Europe Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  25. Europe Stand Alone Market, By Region, From 2021 to 2026 (USD Million)
  26. Europe Others Market, By Region, From 2021 to 2026 (USD Million)
  27. U.K. Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  28. U.K. Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  29. Germany Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  30. Germany Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  31. France Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  32. France Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  33. Italy Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  34. Italy Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  35. Spain Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  36. Spain Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  37. Asia Pacific Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  38. Asia Pacific Collection Bag Market, By Region, From 2021 to 2026 (USD Million)
  39. Asia Pacific Transfer Bag Market, By Region, From 2021 to 2026 (USD Million)
  40. Asia Pacific Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  41. Asia Pacific Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  42. Asia Pacific Stand Alone Market, By Region, From 2021 to 2026 (USD Million)
  43. Asia Pacific Others Market, By Region, From 2021 to 2026 (USD Million)
  44. Japan Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  45. Japan Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  46. China Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  47. China Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  48. India Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  49. India Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  50. Australia Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  51. Australia Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  52. South Korea Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  53. South Korea Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  54. Latin America Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  55. Latin America Collection Bag Market, By Region, From 2021 to 2026 (USD Million)
  56. Latin America Transfer Bag Market, By Region, From 2021 to 2026 (USD Million)
  57. Latin America Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  58. Latin America Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  59. Latin America Stand Alone Market, By Region, From 2021 to 2026 (USD Million)
  60. Latin America Others Market, By Region, From 2021 to 2026 (USD Million)
  61. Brazil Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  62. Brazil Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  63. Argentina Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  64. Argentina Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  65. Mexico Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  66. Mexico Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  67. Rest of Latin America Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  68. Rest of Latin America Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  69. Middle East and Africa Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  70. Middle East and Africa Collection Bag Market, By Region, From 2021 to 2026 (USD Million)
  71. Middle East and Africa Transfer Bag Market, By Region, From 2021 to 2026 (USD Million)
  72. Middle East and Africa Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  73. Middle East and Africa Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  74. Middle East and Africa Stand Alone Market, By Region, From 2021 to 2026 (USD Million)
  75. Middle East and Africa Others Market, By Region, From 2021 to 2026 (USD Million)
  76. Middle East Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  77. Middle East Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)
  78. Africa Blood Bags Market, By Product Type, From 2021 to 2026 (USD Million)
  79. Africa Blood Bags Market, By End-user, From 2021 to 2026 (USD Million)

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