The global Disposable Blood Bags Market is expected to witness a robust In Upcoming Years. The present scenario is such that industries across the globe are becoming more human with self-service tools, integrated workflows, and seamless virtual triage. In other words, workflows are getting optimized, so that precision could be worked better upon. Operational resilience could be built by creating a one-stop solution for enhancing driving outcomes and uptime all across the operational procedures.
Disposable blood bags have overshadowed the usage of glass bottles for the collection, storage, transfer, and processing of blood and blood components such as RBCs, plasma, etc. This is because of convenience and mechanical strength of polyvinyl chloride (PVC) bags over glass bottles, which require exhaustive cleaning and sterilization before each use.
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Increasing tender-based purchasing practices of blood collection bags by government blood banks and hospitals is also expected to boost the growth of the global disposable blood bags market over the forecast period. Moreover, increasing need for blood and blood-derived products is escalating the demand for disposable blood bags.
According to a latest market report published by Persistence Market Research, the disposable blood bags market is set to expand at an impressive CAGR of over 9%, to be valued at more than US$ 700 Mn by 2030.
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Key Takeaways from Disposable Blood Bags Market Study
“Key players in the global disposable blood bags market are focusing on expansion of business in emerging markets and on providing value-added products,” says a PMR analyst.
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What Does the Future Hold?
Increasing prevalence of blood-related disorders such as blood cancer, anemia, sickle cell disease, hemophilia, and other rare blood disorders is fueling the demand for blood. However, the availability of blood units, especially in Asian countries, is significantly lower than countries in other regions. Owing to lower than required availability of blood units and rising prevalence of blood-related disorders, the demand for blood collection bags, especially in Asian countries, is expected to increase significantly over the forecast period.
What Else is in the Report?
Persistence Market Research offers a unique perspective and actionable insights on the disposable blood bags market in its latest study, presenting historical demand assessment of 2015–2019 and projections for 2020–2030, based on collection bag (collection bags and transfer bags), end user (blood banks, hospitals, and NGOs, and channel (tender sales and private sales), across seven key regions.
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