psalexa

Global Disposable Plastic Blood Bag Market Size, Share, Development, Growth and Demand Forecast to 2020 – Industry Insights by Type (Single Blood Bag, Double Blood Bag, Triple Blood Bag, and Quadruple Blood Bag), and by End-User (Hospital, Blood Bank, and Home Healthcare)

  • Published: October 2015
  • Report Code: LS10439
  • Available Format: PDF
  • Pages: 104

Disposable Plastic Blood Bag Market Overview

The global disposable plastic blood bag market is expected to attain a market size of $484.5 million by 2020, witnessing a CAGR of 9.2% during the forecast period. Increasing prevalence of chronic ailments and growing geriatric population are the two major factors driving the growth of this market. In addition to these factors, rising government initiatives to increase awareness about blood donation, coupled with beneficial features of disposal blood bags will drive the demand for disposable plastic blood bags in the coming years.

Disposable Plastic Blood Bag Market

When the type of disposable plastic bag is taken into consideration, the disposable plastic blood bag market is categorized into single, double, triple, and quadruple bags. Of these, the category of single disposable plastic blood bag is predicted to lead the market, throughout the analysis period. This category is anticipated to hold the largest share, of 76.4%, by 2020.

Based on geography, North America holds the leading position in the disposable plastic blood bag market, globally. The market in North America is primarily driven by factors such as surging prevalence of blood disorders and increasing investment in the research and development (R&D) activities by the companies based in the region.

Further, increasing prevalence of chronic diseases also positively impacts the growth of the North American market. For instance, chronic and acute myeloid leukemia are the most common types of leukemia prevalent in the region. This can be substantiated with the fact that, according to the Leukemia and Lymphoma Society, in the U.S., it is estimated that in every three minutes, one person is diagnosed with blood cancer. The U.S. holds the dominant position in the North American market, and is expected to hold the larger share of around 90% by 2020.

In terms of end user, the disposable plastic blood bag market is classified into hospitals, blood banks, home healthcare, and other end users. Hospitals, as an end-user category, account for the largest share in this market. It is also expected to be the fastest growing end-user category in the global market in coming years.

Disposable Plastic Blood Bag Market Dynamics

Growth Drivers

The disposable plastic blood bag market is driven by factors, such as growing geriatric population, rising prevalence of various chronic and lifestyle related diseases, and increasing number of government initiatives to promote blood donation. In addition to these factors, the advantageous features of disposable plastic blood bags also augment the growth of the market. It has been observed that the plastic bags facilitate greater adoption of these products for the collection and transportation of human blood.

Further, it has been observed that plastic based disposable blood bags are gaining popularity and have almost replaced glass bottles, that were earlier used for the collection and transportation of blood. This is due to the excessive cleaning and autoclaving requirements involved in the use of glass bottles. In addition, the chances of breakage at any stage of blood collection and transportation are also reduced with the adoption of the plastic bags. Further, these bags also find applications in separating blood and its components such as RBCs and platelets. Hence, these beneficial features of plastic disposable blood bags are fueling the growth of the market.

However, constraints like risk associated with the blood transfusions and arbitrated use of sterilized needles and bags, leading to greater risk of HIV infection and sepsis contraction, limits the growth of the disposable plastic blood bag market.

Trends

Surge in the number of mergers and acquisitions is a prominent trend in the disposable plastic blood bag market. The companies operating in this market are seeking to acquire or merge with the other market players in the industry, on account of various strategic business reason.

Disposable Plastic Blood Bag Market Competitive Landscape

Kawasumi Laboratories Inc., Neomedic Limited, Haemonetics Corporation, Grifols International S.A., JMS Co. Ltd., AdvaCare Pharma, Fresenius SE & Co. KGaA, Macopharma, Genesis BPS, SURU International Pvt. Ltd., Nigale Biomedical Inc. of Sichuan Province Corporation (Nigale), Terumo Corporation, Shandong Weigao Group Medical Polymer Company Limited, and Shanghai Transfusion Technology Co. Ltd., are some of the major players present in the global disposable plastic blood bag market.

Key Questions Answered in the Report:

  • What is the current scenario of the disposable plastic blood bag market
  • Historical and present size of the market segments and their comparative future potential
  • Major catalysts for the disposable plastic blood bag market and their impact during the short, medium, and long terms
  • Evolving opportunities for the players in the disposable plastic blood bag market
  • Key geographies from the investment perspective
  • Key strategies adopted by the major players to expand their market share
Place An Order
USD 4900 USD 5900 USD 7500
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws