Disposable Blood Bags Market|Healthy Growth in 2019 Annual Results
Disposable blood bags are biomedical devices used to collect, store, transport, and transfusion of blood and its components. Disposable blood bags are manufactured from bio-compatible PVC, compounded with suitable additives, which is not reactive to blood components. Glass blood bottles are replaced with disposable blood bags due to glass bottles needs thorough cleaning, rinsing, and autoclaving procedures as well as there are chances of its breakage at any stage.
Increasing rate of cancer incidences globally, out of which majority of patients required blood sometimes daily or during chemotherapy treatment is a major factor expected to propel growth of the global disposable blood bags market over the forecast period. For instance, according to American Cancer Society, 2018, 1,735,350 new cancer cases and 609,640 cancer deaths are projected to occur in the US by the end of 2018. Furthermore, according to the New York Blood Center, approximately 4.5 Mn Americans receive blood transfusions each year and 40,000 pints are transfused each day in the country, in order to save the lives of cancer patients, accident, trauma victims, mothers delivering babies, newborn babies, transplant patients, surgery patients, etc.
The global disposable blood bags market report has been segmented on the basis of blood bag type, end user, and region. On the basis of blood bag type, the target market is segmented into collection bags and transfer bags. The collection bags segment is further sub-segmented into single collection bags, double collection bags, triple collection bags, and quadruple collection bags. On the basis of end user, the target market is segmented into hospitals, blood banks, and others (NGO’s, home healthcare).
Based on the region the global disposable blood bags market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to technological advancements and improved healthcare infrastructure across various countries in the region. The market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing growing awareness of among people regarding blood donation across various countries in the region.
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Key players operating in the global disposable blood bags market include AdvaCare Pharma, Fresenius Kabi AG, Grifols, S.A., HLL Lifecare Limited, Haemonetics Corporation, Macopharma SA, Neomedic Limited, Poly Medicure Limited, SURU International Pvt Ltd., and Span Health Care Pvt Ltd.
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