Disposable Blood Bags Market Expected to Garner around US$ 537.2 Million By 2027, , Owing to Government and Private Initiatives to Promote Blood Donation
Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
According to the Global Disposable Blood Bags Market Report, by Product Type (Collection Bags (Single Collection Bags, Double Collection Bags, Triple Collection Bags, and Quadruple Collection Bags) and Transfer Bags), By End User (Blood Banks, Hospitals, and Non-Governmental Organizations (NGOs), By Distribution Channel (Tender Sales and Private Sales), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), published by Coherent Market Insights, the global disposable blood bags market is estimated to account for US$ 537.2 Mn in terms of value and 459,040 Thousand Units in terms of volume by the end of 2027.
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Government and private initiatives to promote blood donation are expected to boost growth of the global disposable blood bags market over the forecast period. For instance, in January 2018, New Jersey Health Department encouraged people for blood donations during National Blood Donor Month.
Recycling of disposable blood bags is expected to offer lucrative growth opportunities for players in the market. However, use of plastics leads to pollution, which is expected to limit growth of the global disposable blood bags market. For instance, according to a research by the School of Natural Sciences at Bangor University in March 2020, Llyn Glaslyn – a remote lake near the summit of Snowdon (North-western Europe), contained an average of three pieces of microplastic per liter.
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Among product type, the collection bags segment in the global disposable blood bags market was valued at US$ 185.6 Mn in 2019 and is expected to reach US$ 393.4 Mn by 2027 at a CAGR of 9.8% during the forecast period. The segment growth is driven by high incidence of blood-related disorders.
Among end users, the blood banks segment accounted for the largest market share of 76.7% in terms of value, followed by the hospitals segment. The segment growth is driven by increasing initiatives for blood donation. For instance, in March 2020, Amy’s Army, a non-profit organization based in the U.S., partnered with the Blood Bank of Delmarva to host its second annual Blood Drive.
The demand for triple and quadruple collection systems is high in developed countries, owing to development of quality system requirements for collection of blood and blood components such as apheresis collection. Moreover, increasing cases of accidents and trauma injuries is also leading to high demands for triple and quadruple blood collection bags. For instance, according to 2018 Fatal Motor Vehicle Crashes: Overview by National Highway Traffic Safety Administration, a U.S. federal agency, 10,511 deaths were registered in the U.S. in 2018.
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Asia Pacific is witnessing shortage of blood collection bags due to the outbreak of coronavirus disease. For instance, as of February 23, 2020, there were 76,936 reported cases of in mainland China and 1,875 cases of coronavirus disease 2019 in locations outside mainland China and the number of associated deaths was 2,462.
- Food and Drug Administration (FDA) classifies Disposable Blood Bags under class II (performance standards) medical devices as an empty container for the collection and processing of blood and blood components
- FDA describes empty containers for the collection and processing of blood and blood components in 21 CFR Sec. 864.9100- Subpart J from part 864 (Hematology And Pathology Devices) of Subchapter H (Medical Devices)
- According to this section, manufacturer of Disposable Blood Bags are thus required to submit premarket notification 510(k) as mentioned in 21 CFR 807 Subpart E
Major players in the market are focused on recycling their products. For instance, in November 2019, Grifols hosted North Carolina’s first recycling summit to strengthen its commitment to recycling and reuse.
Major players in the market are also focused on adopting sustainable practices. For instance, in October 2019, HLL Lifecare Limited launched a “Plastic-free HLL” campaign in connection with the ‘Swachhata hi Seva’ (Cleanliness is Service) campaign launched by the Government of India
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Government and private initiatives to promote blood donation to augment growth of the global disposable blood bags market over the forecast period
Major players operating in the global disposable blood bags market include Poly Medicure Limited, Grifols, S.A., Macopharma, Fresenius Kabi India Pvt. Ltd., Terumo Penpol Pvt. Limited, HLL Lifecare Limited, Span Healthcare Private Limited, and Innvol Medical India Limited.
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