“A research report on Blood Bags Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Global blood bags market is forecast to grow at a CAGR of 10% during 2021-2025 owing to rising incidences of blood-related disorders and increasing number of road accidents that require immediate blood transfusion. Additionally, government initiatives to boost healthcare sector, rising number of hospitals, blood banks and other healthcare centers are driving the growth of blood bags market across the globe. Growing awareness over blood donation among citizens is also propelling the demand for blood bags around the globe.
Blood bags are used for the storage, collection, transfusion, and transportation of blood along with the blood components such as RBC, WBC, and blood platelets. Additionally, they also prevent the blood from coagulation and contamination. However, the hazardous waste created by the excessive usage of blood bags might prove to be a restraining factor for the growth of blood bags market in the coming years. Moreover, stringent regulation by the governments for healthcare practices and services is anticipated to impede the market growth.
The global blood bags market is segmented based on product, type, volume, material, end-user, and region. Based on product, the market is segmented into single blood bag, double blood bag, triple blood bag, quadruple blood bag and penta blood bag. Among them, the Triple blood bags segment is expected to continue its dominance due to increase in the number of blood transfusion procedures, higher incidences of various blood related disorders and their use in plasma collection.
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