Disposable Plastic Blood Bags Market Analysis

Disposable Plastic Blood Bags Industry Insights

Insights by Type

Single disposable plastic blood bag is the highest revenue contributor in 2024, with a share of 80%. This is a result of an increase in the volume of transfusion procedures, rise in trauma and accident cases, and surge in the prevalence of numerous hematologic illnesses. Whole blood is generally required by people undergoing surgery or suffering from hematologic disorders, such as anemia, thalassemia, and hemophilia; those who have been victims of severe blood loss due to injury, women in labor, and certain children.

Quadruple bags will witness the fastest growth during the forecast period. This is due to the rising demand for the various blood components, including RBCs, WBCs, platelets, and plasma. A quadruple bag system enables the extraction of all four components from one unit of whole blood via centrifugation and its safe storage in one place. This can alleviate the lack of donations in case four components of the same blood type are required, even if for different patients.

The report offers insights into these types:

• Single (Largest Category)
• Double
• Triple
• Quadruple (Fastest-Growing Category)

Insights by Application

The collection bifurcation holds the larger share, and it will also have the higher CAGR, of 6%, because of the growing count of blood donations around the world. The world, especially low-income economies, faces an acute shortage of blood and its products, worsened by the continuously increasing demand. Hence, the WHO, UN, International Red Cross, and other organizations host awareness campaigns and donation camps to enhance availability of this life-saving resource.

Here are the applications that are part of the scope:

• Collection (Larger and Faster-Growing Category)
• Transfusion

Insights by End User

Hospitals are the largest users of these bags, with a revenue share of 55% in 2024. These bags are used for blood collection and transfusion in hospitals due to their many beneficial qualities and biocompatibility traits. The need for blood supply in hospitals has increased due to the rising prevalence of chronic diseases, such as cancer, as well as the surging number of surgical procedures.

These factors have also contributed to the expansion of the healthcare industry and the rise in the number of hospitals and health clinics. The bags offer a secure environment for the storage and transportation of blood and its constituents.

Blood banks are the fastest-growing category, as they dedicatedly gather and give blood and its components to those who require it. These institutions work to maximize the timely delivery of this product from the appropriate donors to the appropriate patients. Having a suitable inventory on hand at all times is the simplest way to ensure a timely supply of blood. Additionally, these banks make use of RFID tags and compatible software to track & trace the supply.

The following end users are covered:

• Hospitals (Largest Category)
• NGOs
• Blood Banks (Fastest-Growing Category)
• Homecare Settings
• Others

Insights by Distribution Channel

The tender-based channel leads the market as most players' strategies include sales through tenders in the healthcare sector. Through a competitive bidding process, a tender assists in the bulk procurement of products and services. Tender-based purchases are frequently used to reduce the cost throughout the course of a contract. Because of the price competition, the adoption of this method to lower the cost would rise. In addition to reducing some of the inefficiencies brought on by segmented distribution systems, it frequently generates economies of scale.

Blood bag bidding is a widespread practice in both industrialized and developing nations. The growing health coverage in important economies, such as China, Brazil, and Russia, will probably increase the demand for public contracting and cost-cutting techniques, primarily tendering. The industry is also growing as a result of the blood donation initiatives launched by various government agencies and non-profit organizations.

Private sales will witness the higher CAGR over the projection period, of 7%. This will be a result of the increasing donation efforts by private organizations, a high prevalence of various chronic medical conditions, and an increase in the count of traffic accidents. Additionally, the advance of this sector is being fueled by the expansion of the healthcare infrastructure and setup of blood banks in private hospitals, medical research labs, and diagnostic centers.

The segment is bifurcated as below:

• Tender Sales (Larger Category)
• Private Sales (Faster-Growing Category)