Disposable Blood Bags Market Size
| Study Period | 2021 - 2029 |
| Market Size (2024) | USD 445.95 Billion |
| Market Size (2029) | USD 550.96 Billion |
| CAGR (2024 - 2029) | 4.32 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Disposable Blood Bags Market Analysis
The Global Disposable Blood Bags Market size is estimated at USD 445.95 billion in 2024, and is expected to reach USD 550.96 billion by 2029, growing at a CAGR of 4.32% during the forecast period (2024-2029).
The increasing number of trauma and injuries, the rising burden of blood-related and other chronic disorders, and increasing government initiatives for blood transfusions are expected to boost market growth over the forecast period.
The increasing burden of accidents, trauma, and other medical emergencies requiring blood transfusions is the primary driver of the disposable blood bag market. Road accidents are a significant cause of injuries among children and young adults (5-29 years old), posing a significant threat to their health and well-being. For instance, according to data published by the World Health Organization in December 2023, between 20 and 50 million people suffer from non-fatal injuries, with many incurring a disability. Blood transfusion activities often accompany these severe injuries during surgical procedures to treat fatal injuries as well as to recover blood loss. Hence, road accident injuries that necessitate blood transfusion increase the procurement rate of disposable blood bags, which is expected to propel the market growth during the forecast period.
The prevalence of blood-related and other chronic diseases, such as hemophilia, sickle cell disease, blood cancer, and leukemia, is increasing, which can lead to hospitalization, which further necessitates the demand for blood transfusion. For instance, as per the data published by the World Federation of Hemophilia, in March 2023, over 400,000 individuals lived with hemophilia globally, requiring regular blood transfusions for treatment. Thus, this routine blood transfusion procedure among hemophilia patients propels the demand for disposable blood bags, contributing to market growth.
Additionally, the incidence of rare blood disorders and the number of people with chronic anemia are predicted to increase the demand for blood-derived materials, fueling the demand for blood transfer bags. For instance, according to the World Health Organization, in May 2023, almost 40% of children aged 6-15 and about 3 in 10 pregnant women aged between 15 and 49 years old suffer from anemia worldwide, thus raising the need for blood transfusion in critical cases. Hence, it is expected to have a positive impact on the market growth.
Furthermore, emerging technological advancements and increasing new product launches are also expected to fuel the availability of disposable blood bags in the market, hence anticipated to drive the market growth over the forecast period. For instance, in August 2023, Fresenius Kabi stated its progress in developing a DEHP-free blood bag system. The company revealed a new blood bag system with a red cell bag made from PVC/BTHC material. These developments are anticipated to boost the market growth.
Therefore, owing to the factors above, such as the rising number of trauma and injuries and the growing burden of blood-related, the market is anticipated to witness growth over the analysis period. However, the high risk associated with blood donation and transfusion will impede market growth over the forecast period.
Disposable Blood Bags Market Trends
Blood Transfusion Bags is Expected to Witness Significant Growth Over the Forecast Period
Blood transfusion bags hold blood or its components, like red blood cells or plasma. These bags are connected to a thin tube and inserted into a vein, allowing the blood products to flow directly into the human body.
The blood transfusion bags segment is anticipated to hold a significant market share over the forecast period. Factors such as the growing number of surgical procedures such as cardiac surgery, vascular surgery, and others that require a blood transfusion to recover the blood loss during surgical procedures are expected to boost segment growth. In addition, the increasing prevalence of blood-related and chronic conditions such as hemophilia, anemia, and thalassemia require regular blood transfusions, further propelling the demand for disposable blood transfusion bags in the market.
The increasing need for blood transfusions, owing to the growing aging population, complex surgeries, and improved trauma care, creates a direct demand for blood transfusion bags across healthcare facilities. For instance, according to the article published by Starpearls in June 2023, around 5 million Americans require a blood transfusion each year for acute blood loss, surgery, hemophilia, or cancer. As the number of blood transfusions rises, the demand for blood transfusion bags inevitably increases. Thus, with the rising cases of blood transfusion, the studied segment is anticipated to grow over the forecast period.
Moreover, manufacturers aim to reach more customers and expand their market share by adopting effective distribution channels and acquisition strategies. For instance, in January 2022, SpotSee signed the acquisition of the assets of Biosynergy, Inc., a medical device manufacturer. This acquisition aims to strengthen the company's goal of reducing product damage by incorporating blood temperature monitoring devices in blood bags, which can further improve product supply and cold chain. Such developments are anticipated to boost segment growth during the forecast period.
Thus, the factors above, such as the rising cases of blood transfusion and manufacturers focusing on strategies such as acquisition, are expected to increase the segment growth, thereby boosting the market growth over the forecast period.
North America Holds a Significant Share in the Market and Do the Same during the Forecast Period
Some of the factors driving the market growth in the North American region include the increasing prevalence of blood-related disorders coupled with the elderly population, the rising burden of road accidents and injuries, and new product launches.
Elderly individuals are more likely to require a blood transfusion due to chronic health conditions that require surgical procedures, hence raising the demand for safe and readily available blood supplies in the United States. Also, the demand for blood is increasing across the region, propelling the need for various disposable blood bags to collect and transport blood from one place to another. For instance, according to the data published by the American National Red Cross 2024 update, approximately 29,000 red blood cells, nearly 5,000 platelets, and 6,500 plasma units are needed daily in the United States. 糖心vlog传媒 16 million blood components are transfused each year in the United States.
Furthermore, the burden of road accidents has propelled the demand for blood supply during surgical procedures as well as to recover the blood loss. For instance, according to the data published by Fatal Car Crash Statistics 2024, about 42,795 fatal car crashes were reported in the United States in 2022.
The rising prevalence of anemia, leukemia, thalassemia, and hemophilia among the population necessitates frequent blood transfusions to patients to replenish red blood cells and improve oxygen delivery throughout the body. For instance, according to the American Cancer Society, in January 2024, about 62,770 new cases of leukemia and 8,570 new cases of Hodgkin lymphoma were expected to be diagnosed in the United States. Additionally, according to the 2023 updated data published by Leukemia and Lymphoma, about 184,720 new leukemia, lymphoma, and myeloma cases were recorded in the United States in 2023.
Furthermore, according to the data published by Canadian Cancer Statics in 2023, about 239,100 Canadians were diagnosed with cancer in 2022. Hence, the rising prevalence of anemia, leukemia, and thalassemia is a significant factor driving the demand for disposable blood bags due to the increased need for blood transfusions and blood component therapy, contributing to the market growth.
Therefore, owing to the factors mentioned above, such as the growing blood test counts among patients, rising blood transfusion, growing cases of road accidents, and increasing cases of leukemia, lymphoma, and myeloma in the region, the growth of the market is anticipated to increase in the North American region over the forecast period.
Disposable Blood Bags Industry Overview
The disposable blood bags market is fragmented in nature due to the presence of many companies operating globally. The competitive landscape includes an analysis of a few international as well as local companies that hold market shares and are well known. The key players are adopting key strategic activities such as new product launches and collaborations to maintain their market position. Some of the key market players are MacoPharma, AdvaCare Pharma, Fresenius SE & Co. KGaA, Teleflex Incorporated, Haemonetics Corporation, and Terumo Corporation, among others.
Disposable Blood Bags Market Leaders
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Fresenius SE & Co. KGaA
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Haemonetics Corporation
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MacoPharma
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Teleflex Incorporated
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Terumo Corporation
*Disclaimer: Major Players sorted in no particular order
Disposable Blood Bags Market News
- In September 2022, in India, the Union Health Ministry started a mega drive for voluntary blood donation, 鈥楻aktdan Amrit Mahotsav,鈥� to increase awareness about the need for regular non-remunerated blood donation and to ensure availability, affordability, and accessibility of blood and its components to all.
- In August 2022, Haemonetics Corporation, collaborated with Epic, an Electronic Health Record (EHR) system, to offer Haemonetics' SafeTrace Tx blood bank information system to Epic's global network of hospitals. SafeTrace Tx is a computer program that helps blood banks manage patients and blood supplies.
Global Disposable Blood Bags Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing number of Taruma and Injuries
4.2.2 Rising Burden of Blood Related and Other Chronic Disorders
4.2.3 Increasing Government Initiatives for Blood Donations
4.3 Market Restraints
4.3.1 High Risk Associated with Blood Donation and Transfusion
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Type of Bag
5.1.1 Blood Collection Bags
5.1.1.1 Single Blood Bags
5.1.1.2 Double BloodBags
5.1.1.3 Triple Blood Bags
5.1.1.4 Quadruple Blood Bags
5.1.2 Blood Transfusion Bags
5.2 By End User
5.2.1 Blood Banks
5.2.2 Hospitals
5.2.3 Non-Government Organization and Others
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 AdvaCare Pharma
6.1.2 Fresenius SE & Co. KGaA
6.1.3 Genesis BPS
6.1.4 Grifols SA
6.1.5 Haemonetics Corporation
6.1.6 HLL Lifecare Limited
6.1.7 INNVOL
6.1.8 JMS Co. Ltd
6.1.9 SB-KAWASUMI LABORATORIES, INC.
6.1.10 MacoPharma
6.1.11 Neomedic International
6.1.12 Poly Medicure Limited
6.1.13 Teleflex Incorporated
6.1.14 Terumo Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Disposable Blood Bags Industry Segmentation
As per the report's scope, disposable blood bags are disposable bio-medical devices used for collecting, storing, transporting, and transfusion blood and blood components. The disposable blood bags market is segmented by type of bag, end-user, and geography. By type of bag, the market is segmented into blood collection bags (single blood bags, double blood bags, triple blood bags, and quadruple blood bags) and blood transfusion bags. By end users, the market is segmented into blood banks, hospitals, non-government organizations, and other end users. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.
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Global Disposable Blood Bags Market Research Faqs
How big is the Global Disposable Blood Bags Market?
The Global Disposable Blood Bags Market size is expected to reach USD 445.95 billion in 2024 and grow at a CAGR of 4.32% to reach USD 550.96 billion by 2029.
What is the current Global Disposable Blood Bags Market size?
In 2024, the Global Disposable Blood Bags Market size is expected to reach USD 445.95 billion.
Who are the key players in Global Disposable Blood Bags Market?
Fresenius SE & Co. KGaA, Haemonetics Corporation, MacoPharma, Teleflex Incorporated and Terumo Corporation are the major companies operating in the Global Disposable Blood Bags Market.
Which is the fastest growing region in Global Disposable Blood Bags Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Disposable Blood Bags Market?
In 2024, the North America accounts for the largest market share in Global Disposable Blood Bags Market.
What years does this Global Disposable Blood Bags Market cover, and what was the market size in 2023?
In 2023, the Global Disposable Blood Bags Market size was estimated at USD 426.68 billion. The report covers the Global Disposable Blood Bags Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Global Disposable Blood Bags Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Disposable Blood Bags Industry Report
The Disposable Blood Bags Market Report provides a comprehensive industry analysis, including an industry overview and market forecast. The report is segmented by type of bag, end users, and geography, offering valuable market data for each segment. The report highlights the market growth and market trends, providing insights into industry size and industry statistics. The market segmentation includes blood collection bags and blood transfusion bags, with end users such as blood banks, hospitals, and non-government organizations. The report offers a detailed market review and market outlook, with industry research and industry reports supporting the findings.
The report also includes a market analysis and market predictions, focusing on the market value and market leaders. The industry information is supported by industry sales and industry outlook, with a focus on market growth and market segmentation. The industry trends and industry research provide valuable insights into the market dynamics and future prospects. The report example and report PDF offer a detailed overview of the market, with research companies providing additional insights and analysis. The report concludes with a market overview and market forecast, highlighting the key factors driving the market growth and the future outlook for the disposable blood bags market.
