Disposable plastic blood bags refer to the biomedical devices that are used for collection, storage, transportation, and transfusion of blood and its components. Globally, the disposable plastic blood bags market is witnessing significant growth due to increasing prevalence of blood related disorders and advancement in the technology. In addition, growing aging population and rising government initiatives in the field are driving the disposable plastic blood bags market. However, factors such as risk associated with the blood transfusion and lack of awareness are restraining the global market for disposable plastic blood bags. In addition, poor healthcare infrastructure negatively impacts the growth of the global disposable plastic blood bags market. The global disposable plastic blood bags market is estimated at USD 2,44,286.8 thousand in 2014. It is likely to grow with a CAGR of 9.1% and reach USD 4,13,084.8 thousand in 2020.
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North America has the largest market for the global disposable plastic blood bags market. Single blood bags are the largest segment in the overall disposable plastic blood bags market. In end users market, hospitals are the largest segment. In terms of growth, Asia is the fastest growing region, single blood bags are the fastest growing type of bags and blood banks are the fastest growing type of end users.
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North America market for disposable plastic blood bags is estimated at USD 83,670.7 thousand in 2014 and is expected to reach USD 1,42,983.2 thousand in 2020, growing at a CAGR of 9.3%. Some of the latest trends that have been observed in the global disposable plastic blood bags market are the growing number of mergers and acquisitions by companies and increasing use of RFID technology for easy identification of blood bags.
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Terumo Corporation is a leading player in the global disposable plastic blood bags market, with a share of about 38.7% in 2013. Some of the other major players in disposable plastic blood bags market are Fresenius SE & Co. KGaA, Grifols, S.A., MacoPharma SA, Haemonetics Corporation and others.
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