Industry Landscape

Global Blood Bags market was valued at USD 289.4 million in 2023 and is expected to reach USD 512.31 million by the year 2030, at a CAGR of 7.4% over the forecast period 2023- 2030.

Blood bags are used for the reliable collection, separation, storage, and transport of blood. These bags are made of sterile, flexible plastic materials and are designed to preserve the quality and safety of the blood until it is transfused into a patient. Blood bags typically consist of two compartments is one for collecting the blood and another for an anticoagulant solution, which helps prevent the blood from clotting. The bags may also contain other additives, such as preservatives or nutrients, to extend the shelf life of the blood or improve its quality.

Blood bags are a critical component of the blood supply chain, enabling the safe and efficient collection and distribution of blood products to hospitals and medical facilities around the world. Blood bags are mostly available in the form of Citrate Phosphate Dextrose Adenine (CPDA) blood bags, Saline Adenine Glucose Mannitol (SAGM) blood bags, and transfer bags. They have revolutionized the field of transfusion medicine and have helped to save countless lives by providing patients with the blood products they need to recover from injury, illness, and surgery.

Major Industry Participants in the Blood Bags Market

• • Terumo Corporation (Japan)
  • Haemonetics Corporation (U.S.)
  • Fresenius SE & Co. KGaA (Germany)
  • Macopharma SA (France)
  • Grifols S.A. (Spain)
  • Kawasumi Laboratories Inc. (Japan)
  • Shanghai Transfusion Technology Co. Ltd. (China)
  • Neomedic Limited (UK)

 Market Dynamics and Contributing

Blood transfusions are essential in many medical procedures, including surgeries, cancer treatments, and emergency care. As the global population grows and ages, the demand for transfusion services is expected to increase, driving demand for blood bags and related products. Additionally, there is an increasing awareness of the importance of safe and effective blood collection, processing, and transfusion. This has led to the adoption of stringent regulatory standards for blood bags and related products, which is driving innovation and growth in the market.

Moreover, the increasing prevalence of chronic diseases such as cancer, blood disorders, and autoimmune diseases, and the rising number of traumatic injuries are also driving the demand for blood transfusions. This is expected to increase the demand for blood bags and related products as well. Governments and healthcare governing bodies are taking steps to ensure the safety and quality of blood transfusions, and this is driving demand for blood bags and related products.

Many countries have established regulatory bodies to oversee blood collection, processing, and transfusion responsible for setting and enforcing standards for blood bags and related products, ensuring they are safe and effective for transfusions. This has led to increased demand for blood bags that meet these regulatory standards.

Key Insights in the Blood Bags Market Report

• • By Type, the Collection Bag segment is expected to have the maximum market share in. This is due to advancements in technology that have led to the development of more sophisticated collection bags for various purposes. These bags play a crucial role in the safe and efficient collection of blood, ensuring the quality and viability of the blood for transfusions.
  • By Product, the Quadruple Blood Bag segment is anticipated to dominate the Blood the Quadruple Blood Bag segment is dominating the market due to its critical role in blood collection, storage, and transfusion processes within the healthcare industry. Quadruple Blood Bags offer significant advantages over other blood storage systems, such as their ability to efficiently separate blood components like red blood cells, plasma, platelets, and cryoprecipitate, thereby enabling streamlined processing and utilization of donated blood.
  • By region, North America is expected to dominate the Blood Bags market, this can be attributed to several factors, including the well-established healthcare infrastructure, favorable government policies, and increasing demand for blood transfusions. The United States and Canada have well-developed healthcare systems that provide advanced medical treatments and procedures, including blood transfusions. The demand is expected to increase in the region due to the rising prevalence of chronic diseases and the aging population, which are driving the demand for transfusion services.

Significant Industry Development

In January 2023, Terumo and Siemens Healthineers India are partnering to strengthen cardiac care in India through collaborative interventions in the areas of physician training and development, access to advanced medical technologies, and improved penetration of Tier 2 and 3 cities.

In October 2022, Haemonetics Appointed Roy Galvin as President, of Global Plasma and Blood Centre. Galvin will be responsible for driving the Company's transformational growth objectives and advancing the Company's leadership positions and innovation through its plasma collection and donor management solutions, delivering on collectors' critical needs and supporting global demand for plasma-derived therapies.

Blood Bags Market Segmentation

By Type

• • Collection Bag
  • Transfer Bag

By Product

• • Single Blood Bag
  • Double Blood Bag
  • Triple Blood Bag
  • Quadruple Blood Bag
  • Penta Blood Bag

By Volume

• • 100ml - 250ml
  • 251ml - 350ml
  • 351ml - 450ml

By Material

• • PVC
  • PET
  • Others

By End-User

• • Hospitals
  • Clinics
  • Ambulatory Surgical Centre
  • Blood Banks
  • Others

For this report, Pristine Intelligence has segmented the Blood Bags Market based on region.

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

• • The U.S.
  • Canada
  • Mexico

Eastern Europe

• • Bulgaria
  • The Czech Republic
  • Hungary
  • Poland
  • Romania
  • Rest of Eastern Europe

Western Europe

• • Germany
  • UK
  • France
  • Netherlands
  • Italy
  • Russia
  • Spain
  • Rest of Western Europe

Asia Pacific

• • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Thailand
  • Vietnam
  • The Philippines
  • Australia
  • New-Zealand
  • Rest of APAC

Middle East & Africa

• • Turkey
  • Bahrain
  • Kuwait
  • Saudi Arabia
  • Qatar
  • UAE
  • Israel
  • South Africa

South America

• • Brazil
  • Argentina
  • Rest of SA