North America market for disposable plastic blood bags is estimated at USD 83,670.7 thousand in 2014 and is expected to reach USD 1,42,983.2 thousand in 2020, growing at a CAGR of 9.3%.
Albany, NY -- (SBWIRE) -- 09/29/2015 -- Disposable plastic blood bags refer to the biomedical devices that are used for collection, storage, transportation, and transfusion of blood and its various components, such as red blood cells, white blood cells, and platelets. These blood bags are commonly made from plastic materials and polyvinyl chloride (PVC), and their manufacturing process includes compounding, extrusion, molding, welding, solution, sterilization, and inspection for contamination. There are different types of disposable blood bags based on the need of blood infusion; single blood bag, double blood bag, triple blood bag, quadruple blood bag and transfer blood bag. A blood bag package consists of collection tube, needle, needle cover, and a clamp. The disposable plastic blood bags have replaced the usage of glass bottle for collection and storage of blood and blood components. This is due to various features offered with disposable plastic bags, such as it enables the separation of blood components in a more sterile manner and eliminate the requirement of cleaning processes. It also reduces the chances of breakage during transportation. Globally, factors such as increasing cases of blood disorders have helped in the growth of disposable plastic blood bags market.
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North America dominates the global disposable plastic blood bags market. The U.S. represents the largest market for disposable plastic blood bags followed by Canada in North American region. This is due to increasing prevalence of blood disorders in the region. Asia is expected to experience high growth rate in the next five years in global disposable plastic blood bags market. This is due to large population base in the region and increasing demand for blood transfusion processes. China and India are expected to be the fastest growing disposable plastic blood bags markets in Asia.
Some of the major factors that are driving the global market for disposable plastic blood bags market are growing prevalence of chronic diseases, advanced features of disposable plastic blood bags, rising aging population and increasing initiatives undertaken by various government associations spreading awareness about importance of blood donations. However factors such as lack of primary healthcare infrastructure in developing countries, risks associated with blood transfusion and lack of awareness and poor blood collection and storage infrastructure in various parts of the world are restraining the global disposable plastic blood bags market. Rising number of mergers and acquisitions and increased use of RFID technology for easy and accurate identification of blood bags are some of the latest trends that have been observed in the global disposable plastic blood bags market.
This report provides in-depth analysis and estimation of the disposable plastic blood bags market for the period 2014 to 2020, considering 2013 as the base year for calculation. In addition, data pertaining to current market dynamics including market drivers, restraints, trends and strategic developments has been provided in the report. The disposable plastic blood bags market is categorized on the basis of type of bags, end users and geography. Based on type, the disposable plastic blood bags market comprises single blood bags, double blood bags, triple blood bags and quadruple blood bags. Based on end users, the market comprises hospital and healthcare institutes, blood banks and home healthcare.
In the geographical analysis, the report identifies and analyses market size and forecast of North America, Europe, Asia and Rest of the World (Row). North America is further segmented into the U.S., Canada and rest of North America. Similarly, Europe is further segmented into Germany, France, U.K., Italy and rest of Europe. Asia is further segmented into China, India, Japan and rest of Asia. Some of the major players in the disposable plastic blood bags market are Terumo Corporation, Fresenius SE & Co. KGaA, Grifols, S.A., MacoPharma SA and Haemonetics Corporation. These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability and financial overview.
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