Yahoo Finance 
Global Blood Bags Market Report 2023: Sector is Expected to Reach $597.2 Million in 2030 at a CAGR of 6.85%
Global Blood Bags Market
Dublin, May 04, 2023 (GLOBE NEWSWIRE) -- The "Global Blood Bags Market Size, Trends, and Growth Opportunity, by Product, by Type, by Volume, by Material, by End-User, by Region and Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Blood Bags Market was valued at USD 322.98 million in 2022 and is expected to expand to USD 597.21 million in 2030 at a CAGR of 6.85% during the forecast period 2023-2030.
Companies Mentioned
TERUMO BCT INC
Maco Pharma
Fresenius Kabi India Pvt Ltd
Grifols SA
Neomedic International SL
Teleflex Incorporated
Qingdao Sinoland International Trade Co Ltd
JMS Co Ltd
Demophorius Healthcare Ltd
KAWASUMI LABORATORIES INC
Polymedicure
AdvaCare Pharma
Coloplast Corp
Innvol
Blood bags refers to flexible tiny pouch used for the storage, transfusion, collection, and transportation of blood along with various blood components like RBC, WBC, and blood platelets. The blood bags store both the blood and its components. The blood is extremely sensitive to changes in temperature, light, and air so the blood bags are required to store blood and its components
Market Drivers
The increasing blood collection initiatives and rising awareness among people regarding blood donation propel the growth of the market.
The growing government initiatives regarding blood sampling activities act as major factors for the growing market during the forecast period. Furthermore, the rising numbers of hospitals, blood banks, and other healthcare centers boost the expansion of the market.
Road accidents require immediate medical assistance like blood transfusion which increases the demand for blood bags and fuels the growth of the market.
Market Restraints
The hazardous waste created by the use of blood bags and the lack of skilled workers hinders the growth of the market. Furthermore, the high cost associated with blood bags restrains the growth of the global blood bags market.
Key Attributes:
Report Attribute | Details |
No. of Pages | 200 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD(MN)) in 2022 | USD(MN)322.98 Million |
Forecasted Market Value (USD(MN)) by 2030 | USD(MN)597.21 Million |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
Market Segmentation
By Product Type
Single Blood Bag
Double Blood Bag
Triple Blood Bag
Quadruple Blood Bag
Penta Blood Bag
By Type
Collection Bag
Transfer Bag
By Volume
100ml
150ml
250ml
300ml
350ml
400ml
450ml
500ml
By Material
PVC
PET
Others
By End-Users
Hospitals
Clinics
Ambulatory Surgical Center
Blood Banks
Others
Key Question Addressed by the Report
What are the Key Opportunities in Global Blood Bags Market?
What will be the growth rate from 2023 to 2030?
Which segment/region will have the highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
For more information about this report visit https://www.researchandmarkets.com/r/xwe0va
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
