Disposable Plastic Blood Bag Market Is Expected To Reach USD 702.23 Billion By 2027 At A CAGR Of 9.67 Percent.
Stellar Market Research has published a report on the Disposable Plastic Blood Bag Market that provides a detailed analysis for the forecast period of 2021 to 2027.
Disposable Plastic Blood Bag Market Scope:
The report comprises thorough insights into the market for industry stakeholders which includes an interpretation of complex market data in simple language, the industry’s historical and current state, along with estimated market size and trends. The report explores all segments of the industry, with a focus on significant players e.g. market leaders, followers, and new entrants. The report covers a detailed PESTLE analysis for different countries. A clear representation of the competitive landscape of key players by products and services, revenue, financial position, portfolio, growth strategies, and regional presence in the Disposable Plastic Blood Bag market make the report an investor’s guide.
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Disposable Plastic Blood Bag Market Overview:
A disposable blood bag is a biomedical device used to collect, store, transport, and transfuse human blood components and blood. The system is made up of one or more tubes and a needle cover. Plastic is used to make blood bags. These are made of bio-compatible PVC that has been mixed with the appropriate additives. The bags are disinfected after being made using a high-frequency welding procedure. The global disposable blood bag market is growing due to a rise in blood transfusion operations, an increase in trauma and accident rates, and the development of innovative disposable blood bag products by a large number of important players.
Impact of COVID-19 Pandemic on Disposable Blood Bag Market:
The COVID-19 pandemic is expected to have a favorable influence on the global disposable blood bag market. Passive immunotherapy employing whole blood or plasma from recovered patients has emerged as a viable infection approach in the COVID-19 outbreak. Transfusing neutralizing antibodies through convalescent blood is a widely used method in hospitals across the world. As a result, the quick acceptance of immunotherapy utilizing blood and plasma boosts the usage of blood bags, which is expected to drive market growth throughout the forecast period. As a result, the substantial risk associated with blood donation and transfusion stifles industry growth.
Disposable Plastic Blood Bag Market Dynamics:
The increased usage of disposable blood bags is being driven by an increase in the number of blood donation camps throughout the world, as well as an increase in plasma collection. This is a significant element driving the growth of the disposable blood bag market. Additionally, growth in the number of product approvals is likely to give lucrative opportunities for the global disposable blood bags market to grow during the forecast period. On the downside, issues such as a lack of infrastructure for blood collection and storage, as well as a lack of knowledge about voluntary blood donation campaigns, are anticipated to restrict the global disposable plastic blood bag market’s growth during the forecast period.
Disposable Plastic Blood Bag Market Regional Analysis:
In 2020, APAC is expected to dominate more than 30 percent of the global disposable blood bag market. Because of the huge number of local companies operating in China, the APAC disposable blood bags market is expected to grow significantly in terms of revenue and volume throughout the forecast period. Because of the rising demand for blood and blood components, the markets in North America and Europe are expected to grow significantly throughout the forecast period. Global disposable blood bag demand is expected to rise consistently throughout the forecast period as product features such as value-added blood collection bags with in-line leucocyte filtering systems, customized blood bags with tracking systems, and so on improve.
Disposable Plastic Blood Bag Market Segmentation:
By Type:
- Single blood bag
- Double blood bag
- Triple blood bag
- Quadruple blood bag
By End-Users:
- Hospitals
- NGOs (Non-Government Organization)
- Blood Banks
- Home Healthcare
Disposable Plastic Blood Bag Market Key Competitors:
- Terumo Corporation
- Weigao
- Fresenius SE & Co.
- Grifols S.A.
- HLL Lifecare Limited
- Neomedic International
- Haemonetics
- Macopharma
- Sichuan Nigale Biomedical
- Suzhou Laishi Transfusion Equipment
- Advacare Pharma
- Halyard Health
- Velico Medical Inc.
- Megacare International Inc.
- Poly Medicure Limited
- Innvol Medical India Limited
- Others
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About Stellar Market Research:
Stellar Market Research, established in 2018, is an India-based consulting firm that focuses on supporting customers with company transformation goals through advisory services and long-term planning. The business uses its extensive industry knowledge and huge network to provide insightful views on reports that provide customers with a strategic advantage. Its heavy emphasis on secondary market analysis, consumer purchasing patterns, and price fluctuations offer clients a market portfolio that will enable their organization to gain a permanent presence or strategize solutions and take the course of action that will result in incredible growth and market dominance.
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