Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 225.1 Million | USD 372.5 Million | 6.5% | 2022 |
FrequentlyAsked Questions
Blood bag systems are designed for transfusion, transportation, storage, and collection of human blood and blood-associated products. These are the disposable biomedical products utilized heavily by the government, blood banks, hospitals, and non-government organizations to collect blood during donation programs.
The growing demand for blood transfusion procedures, along with the surge in trauma incidents globally, is likely to thrive the growth of the global disposable blood bag market. In addition, the growing number of road accidents and traffic injuries is further scaling up the growth of the global disposable blood bag market exponentially.
According to the report, the global market size was worth around USD 225.1 million in 2022 and is predicted to grow to around USD 372.5 million by 2030.
The global disposable blood bag market is expected to grow at a CAGR of 6.5% during the forecast period.
The global disposable blood bag market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the rising number of fatalities due to road accidents.
The global disposable blood bag market is dominated by players like Macopharma, TERUMO BCT, INC., Fresenius Kabi India Pvt. Ltd, Demophorius Healthcare Ltd, Grifols, S.A., Neomedic International SL, Teleflex Incorporated, Qingdao Sinoland International Trade Co., Ltd, JMS Co.Ltd, KAWASUMI LABORATORIES. INC., AdvaCare Pharma, Polymedicure, Coloplast Corp, Innvol., The Metrix Company, BL Lifesciences and SURU INTERNATIONAL PVT. LTD among others.
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