Disposable Blood Bags Market by Product (Collection Bags and Transfer Bags)
Industry: Healthcare
Published Date: February-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 238
Report ID: PMRREP11650
The global revenue from the Disposable Blood Bags Market was around US$ 321.9 Million in 2022, with the global market expected to grow at a CAGR of 9.2% to reach a valuation of around US$ 844.8 Million by the end of 2033.
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Market Size (2023) |
US$ 351.2 Million |
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Projected Market Value (2033) |
US$ 844.8 Million |
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Global Market Growth Rate (2023 to 2033) |
9.2% CAGR |
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Market Share of Top 5 Countries |
70.8% |
As assessed by Persistence Market Research, collection bags held a market share of around 72.3% in the global market, in 2022. Overall, disposable blood bags market sales account for approximately 4.5% of revenue share in the global blood collection market, which was valued at around US$ 7.2 Billion in 2022.
The global market recorded a historic CAGR of 7.3% in the last 8 years between 2014 and 2022.
Biomedical devices known as disposable blood bags are used to collect, store, transport, and transfuse blood and its component units. They are made of biocompatible PVC that has been blended with the proper additives so that it won't react with blood constituents. Glass bottles must be thoroughly cleaned, rinsed, and autoclaved, and there is a risk of shattering at any time, hence disposable blood bags are preferable over glass bottles. Disposable blood bags also aid in the separation of blood components including plasma, platelets, and cryoprecipitate, used to treat a variety of blood disorders.
Over the course of the forecast period, it is anticipated that rising blood-derived product demand and the prevalence of blood-related diseases like leukemia and hemophilia would propel the expansion of the global disposable blood bag market. The introduction of technologically sophisticated blood collection products, the availability of personalized blood bags with tracking systems, and other factors are further anticipated to contribute to the growth of the global disposable blood bags market during the forecast period.
To boost sales and broaden market penetration, leading players in the worldwide disposable blood bag market are concentrating on forming alliances and partnerships with distributors as well as organizations like hospitals and blood banks.
“Increasing Demand for Blood-Derived Products.”
The demand for blood collection bags is anticipated to increase during the forecast period due to rising demand for blood components such as WBC, plasma, platelets, granulocytes, factor concentrates, and RBCs, in chronic conditions, as well as rising consumption of empty blood bags across blood derived product manufacturing companies. Both the incidence of rare blood disorders and the number of people with chronic anemia are predicted to increase demand for blood-derived materials, which will in turn increase the demand for blood transfer bags.
Over the projection period, it is anticipated that an increase in traffic accidents and other accidental injuries will further boost demand for disposable blood bags. There is a strong need for blood units since job injuries are becoming more common and surgeries involve significant blood loss. As a result, NGOs, governmental agencies, hospitals, and blood banks are increasingly in need of blood collecting bags.
A growing number of government entities are using printed personalized blood collection containers. The main end consumers of these blood bags are hospitals and private clinics. Companies that offer personalized blood collection bags compete on the basis of features like personalized printing, ideal storage, automatic or manual filling, and other characteristics.
The demand for blood collection bags is anticipated to increase over the projected period due to the customization of real-time tracking systems for blood bags throughout processing, transit, and storage. Watson Label Products, for instance, provides a variety of customizable monitoring options for blood bags and blood processing machinery.
“Lack of Infrastructure for Collecting and Storing Blood.”
In terms of infrastructure for processing blood, blood collection centers in African countries including Nigeria, Egypt, and Ethiopia are falling behind. As a result, single blood bags are far more in demand than other types in these countries. The use of double, triple, and quadruple blood collection bags, which are frequently employed during the collection and storage of blood component, is further hampered in these areas by a lack of infrastructural facilities.
Such a lack of facilities for blood collection and storage results in the loss of collected blood and widens the supply-demand gap in the market for blood bags globally.
One significant issue impeding the growth of the blood collection market in these regions is the lack of awareness regarding voluntary blood donation efforts. One of the main barriers to voluntary blood donation across the globe is false beliefs about the donating of blood.
Reduced demand for blood collection bags because of the low level of awareness about blood donation activities is impeding market expansion.
Why is the United States Market Booming?
“Increasing Number of People Donating Blood”
The U.S. accounted for around 91.9% market share in the North America market in 2022. The market will experience profitable expansion because of factors including the rising use of blood tests and the prevalence of numerous chronic diseases and blood-related disorders in the country.
Increased blood donation activities, a developed and equipped health care infrastructure, and government initiatives to promote the utilization of disposable blood bags to prevent infections are a few more factors that may help the industry expand.
Will the U.K. Be a Lucrative Market for Disposable Blood Bags?
“Rising Prevalence of Blood Disorders”
The U.K. market held around 35.0% market share of the Europe market in 2022.
The main factor responsible for the market's expansion is the region's rising thalassemia prevalence. The most prevalent severe genetic disease in England, according to the same source, is sickle cell disease. Sickle cell anemia affects one in every 2,000 newborns, and there are reportedly more than 12,500 cases in England in 2015. Blood disorders are becoming more common in the nation, which is expected to promote market expansion in the U.K.
How is China Emerging as a Prominent Market?
“Increasing Road Traffic Injuries”
China held a market share of about 26.7% of the East Asia market in 2022. The world's most populous developing country is China. The inappropriate usage of RBCs in medical settings has recently come to light in China, and this could have a negative effect on the already scarce blood supply of RBCs. The growth of the medical security system to include both rural and urban areas has greatly boosted the number and size of hospitals from all levels, especially in light of changes in China's economy and society. A number of research has evaluated the suitability of the clinical usage of RBCs in particular regions and hospitals in China.
Since more individuals than ever before are now paying attention to the safety, availability, and right use of blood in Chinese society, from governments to institutions to investigators and physicians, it is thus anticipated that the widespread use of disposable blood bags in the nation would help the global market gain ground in terms of product adoption.
Which Product is Driving Demand within the Global Market?
“Advantages of Build-up Phase”
The collection bags segment held around 72.3% share of the total market in 2022. Human blood and its many components are collected, stored, transported, and transfused using blood collection bags. Polyvinyl chloride (PVC), a moderately rigid and brittle polymer appreciated for its nontoxicity, resilience, and durability to temperature, chemical, friction, and kinking, is used in the production of collection bags today.
Phthalate plasticizers are introduced to PVC blood bags to soften and enhance their flexibility due to the brittleness and rigidity of PVC. These elements support the collection bag market segment's sales on the global market.
Which Channel is Driving Demand within the Global Market?
“Profitable Margin owed to Tender Sales”
The tender sales segment held around 60.7% share of the total market in 2022. These include the selling of disposable blood bags as well as government contracts and purchases made through competitive bidding for national blood banks and government hospitals.
Due to concentrated expansion strategies of blood bag makers through tender process and high profit margins, the tender sales channel segment is anticipated to account for the significant revenue share contribution to the worldwide disposable blood bag market over the forecast period.
Which End User Propels the Global Sales in the Market?
“Increasing Blood Donation”
The blood bank segment held a share of about 79.3% in 2022, within the global market. There are three types of blood banks: volunteer, public, and private. Blood banking is the way through which donated products are acquired in the lab before they are used in transfusions or other medical operations to assure their security.
The process of typing blood for transfusion and testing it for infectious illnesses is known as blood banking. According to World Health Organization (2022), worldwide blood donations are predicted to total 118.5 million, with about 40% coming from high-income nations, which only account for 16% of the world's population.
The leading players are driving market growth with growth strategies like mergers and acquisitions, expansion, new product development, and alliances. In addition, players must constantly innovate, operate, and expand in the market due to the quickly shifting expectations and preferences of customers. Companies are also leveraging social media and digital ads to inform consumers about the availability of their newest products.
Some key instances of development include:
Similarly, the team at Persistence Market Research has tracked recent developments related to companies in the disposable blood bags market, which are available in the full report.
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Details |
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2014 to 2022 |
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Market Analysis |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Covered |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
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The global market is currently valued at around US$ 321.9 Billion in 2022.
The global market is set to be valued at US$ 351.2 Million by the end of 2023.
The global market is expected to reach a valuation of US$ 844.7 Million by the end of 2033.
Sales of the market are set to witness growth at a CAGR of 9.2% between 2023 and 2033.
Demand for the global market increased at a 7.3% CAGR from 2014 – 2022.
The U.S., the U.K., Japan, Germany, and China account for most demand within the market, currently holding around 70.8% market share.
The U.S. accounts for around 91.9% share of the North American market in 2022.
The China market held a share of about 26.7% in the East Asia disposable blood bags market in 2022.
The U.K. market held around 35.0% market share of the Europe market in 2022.
Poly Medicure Limited, Grifols, S.A., Macopharma Bharat Transfusion Solution, Fresenius Kabi India Pvt. Ltd., TERUMO PENPOL Pvt. Limited, HLL Lifecare Limited, Span Healthcare Private Limited and Innvol are the key players active within the global market.
