Disposable plastic blood bags has overshadowed the usage of glass bottles for collection storage, transfer, or processing of blood and blood components such as RBCs, plasma etc. This is because of convenience and mechanical strength of polyvinyl chloride (PVC) bags over glass bottles, which require exhaustive cleaning and sterilization before each use. The global disposable plastic blood bags market was valued at US$ 181.7 Mn in 2015 and is estimated to reach 113,193.0 thousand units of blood bags consumed by 2016 end.
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Increasing tender-based purchasing practices of blood collection bags by government blood banks and hospitals is expected to boost growth of the global disposable plastic blood bags market over the forecast period. Moreover, increasing need for blood and blood-derived products is escalating demand for disposable plastic blood bags.
The global disposable plastic blood bags market is estimated to be valued at US$ 198.1 Mn by 2016 end and is expected to reach US$ 409.2 Mn by 2024 end. Global consumption of disposable plastic blood bags is expected to exceed 320 Mn units by 2024 end, increasing at a CAGR of 11.9% over the forecast period.
On the basis of product type, the global disposable plastic blood bags market is segmented into collection bags (further sub-segmented into single collection, double collection, triple collection, and quadruple collection) and transfer bags. In terms of value, collection bags product type segment is estimated to account for over ~71% market share of the global market by 2016 end.
On the basis of sales channel, the global disposable plastic blood bags market is segmented into tender sales and private sales. In 2015, tender sales segment was valued at US$ 112.9 Mn. In terms of volume, tender sales channel segment is expected to expand at a CAGR of 9.9% over the forecast period. This is attributed to tender sales being the most preferred way of blood bags procurements by healthcare settings worldwide.
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On the basis of end user, the global disposable plastic blood bags market is segmented into hospitals, blood banks, and NGOs. In 2015, blood banks end user segment was pegged at 91 Mn units of disposable plastic blood bags. In terms of value. Hospitals end user segment is expected to account for ~5% share of the global disposable plastic blood bags market, owing to increasing privatization of healthcare services in countries such as India and China.
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