Global Disposable Blood Collection Bag Market growing at a CAGR of 4.8% from 2023 to 2030
Category : Pharmaceuticals And Healthcare | Published Date : Jun 2023
Key Market Overview
Consegic Business Intelligence analyzes that the disposable blood collection bag market is predicted to grow at a compound annual growth rate of 4.8% from 2023 to 2030 and is expected to reach USD 390.75 million in 2030 which was valued at USD 270.10 million in 2022.
The report highlights the increasing adoption of disposable blood collection bags in hospitals, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the disposable blood collection bag market.
Global Disposable Blood Collection Bag Market By Overview
The disposable blood collection bag market is bifurcated into type and end user. Based on type the market is segmented into single blood bags, double blood bags, triple blood bags, and quadruple blood bags, in 2022, the single blood bags segment dominate in the overall disposable blood collection bag market. The end user segment is categorized into blood banks, hospitals, and others. In 2022, the hospitals segment accounted for the highest market share in the disposable blood collection bag market.
Get Free SampleMarket Dynamics
Driver:
- Increasing surgical procedures are fuelling the adoption of disposable blood collection bags, which, in turn, is propelling the market growth.
- Increasing demand for disposable blood collection bags from hospitals is fostering the growth of the market.
Restraints:
- Compliance with the stringent regulations associated with the manufacturing of disposable blood collection bags is restricting the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Single Blood Bags, Double Blood Bags, Triple Blood Bags, and Quadruple Blood Bags |
| By End User | Blood Banks, Hospitals, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Terumo Corporation, MacoPharma, Fresenius SE & Co. KGaA, and AdvaCare Pharma which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and are cost-effective. Furthermore, the disposable blood collection bag market is expected to witness substantial growth in the coming years due to the growing investment in new blood banks and hospitals in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- MacoPharma
- Fresenius SE & Co. KGaA
- AdvaCare Pharma
- Genesis BPS
- Terumo Corporation
- JMS Co. Ltd
- Poly Medicure Limited
- Narang Medical Limited