A recent report published by Infinium Global Research on the blood bags market provides an in-depth analysis of segments and sub-segments in the global as well as regional blood bags market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional blood bags market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global blood bags market. According to the report, the global blood bags market is projected to grow at a CAGR of 8.00% over the forecast period of 2019-2025.
The blood bag is a very versatile tiny bag. It prevents contamination and coagulation of the blood. Growing demand for sterility in blood transportation, transfusion, and storage & blood components are anticipated to accelerate the blood bag demand in the near future. The blood bags are very essential to store blood components and blood as it is very sensitive to light, air, and temperature. The blood bags have replaced glass bottles for the storage, transportation, and collection, of the blood components and blood. Blood bags generally used for collect, carry, transfuse, and store, blood along with blood components including WBC, blood platelets, RBC.
The blood bags market is driven by the demand for blood bags is rising as the demand for blood components and blood sterilization are increasing. Moreover, rising in trauma events and accidents is also expected to drive the blood bags market. However, stringent regulation by the government for healthcare practices or services is anticipated to impede the growth of the global blood bags market. Nonetheless, Increasing initiatives from governments and healthcare governing bodies are enhancing the voluntary blood donation, storage and blood collection is estimated to create a new opportunity for the global blood bags market.
On the basis of region, the global blood bags market is bifurcated into North America, Europe, The Asia Pacific, the Middle East, and Africa, and Latin America. The Asia Pacific was accounted for the largest market share of the global blood bags market in 2018 in terms of revenue and volume. The Asia Pacific is expected to be the dominating region within the projected period on an account of government initiatives and growing the need for blood storage and transfusion in the Asia Pacific. Moreover, the prevalence of various diseases and rising initiative government and private organizations for blood donation campaigns are expected to enlarge the growth of the blood bags market in the region. The Asia Pacific and North America are anticipated to be the fastest growing regional market during the projected years.
The report on global blood bags market covers segments such as type, and end user. On the basis of type, the sub-markets include single, double, triple, quadruple, and others. On the basis of end user, the sub-markets include hospital, blood banks, and others.
The report provides profiles of the companies in the market such as Terumo Corporation S.A, Genesis BPS, The Metrix Company Ltd., Qingdao Sinoland International Trade Co., Ltd., BL Lifesciences, Suru International Pvt. Ltd., Fresenius SE & Co., Mitra Industries Pvt. Ltd., and Haemonetics Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the blood bags market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.