Disposable Plastic Blood Bag Market , by Type of Bag (Blood Collection Bags, Blood Transfusion Bags) , by End User (Blood Banks, Hospitals, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

Key Market Dynamics

The disposable plastic blood bag market size is driven by several key factors. One major driver is the rising prevalence of chronic diseases and the increasing number of surgical procedures worldwide, which boost the demand for blood transfusions. For example, the growing incidence of cancer and cardiovascular diseases necessitates regular blood component therapy, thereby increasing the demand for blood bags. Additionally, advancements in medical technology, such as the development of improved blood storage and transfusion techniques, further propel market growth. The expansion of healthcare infrastructure in emerging economies, where governments and private sectors are investing heavily in healthcare facilities and blood banks, also fuels market expansion.

However, the market faces several restraints during disposable plastic blood bag market forecast. Concerns over the environmental impact of disposable plastic products, including blood bags, are significant. The medical industry is under pressure to reduce plastic waste and adopt more sustainable practices, which can limit the disposable plastic blood bag market growth. Additionally, stringent regulatory requirements and quality standards for blood safety and handling can increase production costs and complexity, potentially hindering market growth. The risk of transmission of infections through blood transfusions, although minimized with modern technology, still poses a challenge to market expansion.

Despite these challenges, the market presents numerous disposable plastic blood bag market opportunity. The development of eco-friendly and biodegradable blood bags can address environmental concerns and align with global sustainability initiatives. For instance, research into alternative materials that do not compromise on safety or functionality is gaining traction. The integration of advanced blood management systems with blood bags offers opportunities to enhance traceability and inventory management, improving overall efficiency and safety in blood transfusion practices. Furthermore, the increasing focus on personalized medicine and tailored healthcare solutions opens avenues for customized blood bags designed for specific medical conditions or patient groups, such as pediatric or geriatric patients.

Market Segmentation

The Disposable plastic blood bag industry is segmented into type of bag, end-user and region. On the basis of type of bag, the market is bifurcated into blood collection bags, and blood transfusion bags. The blood collection bags further divided into single blood bags, double blood bags, triple blood bags and quadruple blood bags. Based on end user, the market is divided into blood banks, hospitals and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Regional/Country Market Outlook

North America has largest disposable plastic blood bag market share and is driven by several key factors. Firstly, the increasing demand for blood and blood components due to rising incidences of chronic diseases, surgeries, and trauma cases necessitates a steady supply of blood bags. Advances in medical technology and the growing number of blood transfusion procedures further propel the market. Additionally, the region's well-established healthcare infrastructure and the presence of prominent players in the blood bag manufacturing industry contribute to market growth. 

Government initiatives and favorable reimbursement policies that support blood donation and transfusion services also play a crucial role. Moreover, heightened awareness about the importance of blood donation, coupled with the increasing number of blood donation campaigns, boosts the market. Stringent regulatory frameworks ensuring the safety and quality of blood bags add to the market's robustness.

Industry Trends

• Innovations in materials science are leading to the development of more durable and biocompatible blood bags. For example, non-PVC blood bags are being explored to avoid potential plasticizer-related issues.
• The increasing prevalence of chronic diseases, surgical procedures, and trauma cases is driving demand for blood components, boosting the need for efficient blood collection and storage systems.

Patent Analysis, By Country, 2015-2024

China witnessed the highest number of patent approvals and applications, due to favorable government policies, new technological advancement and new product launches in the country. U.S. has 11.29% of the total number of patents, followed by Spain at 4.84% and Germany at 3.23%.

Competitive Landscape

The major disposable plastic blood bag market share players operating in the market include Terumo Corporation, Fresenius Kabi AG, Grifols, S.A., Macopharma SA, Haemonetics Corporation, JMS Co. Ltd., HLL Lifecare Limited, Poly Medicure Ltd., SURU International Pvt. Ltd., AdvaCare Pharma, Other players in disposable plastic blood bag market includes Span Healthcare Private Limited, Sichuan Nigale Biomedical Co., Ltd., Shandong Zhongbaokang Medical Implements Co., Ltd., Weigao Group, Shanghai Transfusion Technology Co., Ltd., and so on.

Recent Key Strategies and Developments

• 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.
• In September 2022, in India, the Union Health Ministry started a mega drive for voluntary blood donation, ‘Raktdan Amrit Mahotsav, ’ 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.
• 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.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the disposable plastic blood bag market analysis to identify the prevailing market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the Disposable plastic blood bag market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global disposable plastic blood bag market statistics.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global disposable plastic blood bag market trends, key players, market segments, application areas, and market growth strategies.

Key Sources Referred

• Centers for Disease Control and Prevention
• World Health Organization
• National Center for Biotechnology Information
• The Lancet
• Australian Government Department of Health and Aged Care
• Science Direct
• Health Resources and Services Administration (HRSA)
• GOV.UK
• Department of Health and Human Services (HHS)
• National Institutes of Health (NIH)