Disposable Blood Bags are used in
sold in government hospitals and national blood banks through government
contracts and procurements through the bidding process. Privately funded
hospitals, clinics, and blood banks also demand for Disposable Blood Bags. NGOs
also use disposable plastic blood collection bags during blood donation
campaigns.
Statistics:
The global Disposable
Blood Bags Market is estimated to account for US$ 537.2 Mn in terms of
value and 459,040 Thousand Units in terms of volume by the end of 2027.
Global Disposable Blood Bags
Market: Drivers
Increasing initiatives for blood
donation are expected to propel growth of the global Disposable Blood Bags
market over the forecast period. For instance, in January 2018, New Jersey
Health Department encouraged people for blood donations during National Blood
Donor Month.
Global Disposable Blood Bags
Market: Opportunities
Recycling of Disposable Blood
Bags is expected to offer lucrative growth opportunities for players in the
market.
Global Disposable Blood Bags
Market: Restraints
Increasing plastic pollution is
expected to limit growth of the global Disposable Blood Bags market. For
instance, according to a research by the School of Natural Sciences at Bangor
University in March 2020, Llyn Glaslyn - a remote lake near the summit of
Snowdon (North-western Europe), contained an average of three pieces of
microplastic per liter.
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Key Takeaways:
The Collection Bags segment in
the global Disposable Blood Bags market was valued at US$ 185.6 Mn in 2019 and
is expected to reach US$ 393.4 Mn by 2027 at a CAGR of 9.8% during the forecast
period. Increasing prevalence of blood-related disorders is anticipated to
assist the growth of the segment during the forecast period.
The Blood Banks segment held
dominant position in the global Disposable Blood Bags market in 2019,
accounting for 76.7% share in terms of value, followed by hospitals,
respectively. Increasing initiatives for blood donation is anticipated assist
the market during the forecast period.
Market Trends
Introduction of quality system
requirements for collection of blood and blood components such as apheresis
collection (collection of blood components) is fueling consumption of triple
and quadruple collection systems in countries such as the U.S. Moreover, high
requirement of plasma and blood components owing to increasing accidental and
trauma injuries is driving demands for triple and quadruple blood collection
bags to ensure easy and safe transfusion of plasma and blood components.
Major non-profit organizations
are focused on conducting blood donation drives. For instance, in March 2020,
Amy’s Army, a non-profit organization based in the U.S., partnered with the
Blood Bank of Delmarva to host its second annual Blood Drive.
Asia Pacific is witnessing
shortage of blood collection bags due to the outbreak of coronavirus disease.
Regulations
U.S.
Browse Research
Report: https://www.coherentmarketinsights.com/market-insight/disposable-blood-bags-market-2170
Food and Drug Administration
(FDA) classifies Disposable Blood Bags under class II (performance standards)
medical devices as an empty container for the collection and processing of
blood and blood components
FDA describes empty containers
for the collection and processing of blood and blood components in 21 CFR Sec.
864.9100- Subpart J from part 864 (Hematology And Pathology Devices) of
Subchapter H (Medical Devices)
According to this section,
manufacturer of Disposable Blood Bags are thus required to submit premarket
notification 510(k) as mentioned in 21 CFR 807 Subpart E
This notification is intended to
demonstrate the safety and effectiveness of the device
Global Disposable Blood Bags
Market: Competitive Landscape
Major players operating in the
global Disposable Blood Bags market include, Poly Medicure Limited, Grifols,
S.A., Macopharma, Fresenius Kabi India Pvt. Ltd., Terumo Penpol Pvt. Limited,
HLL Lifecare Limited, Span Healthcare Private Limited, and Innvol Medical India
Limited.
Global Disposable Blood Bags
Market: Key Developments
November 2019: Grifols hosted North
Carolina’s first recycling summit to strengthen its commitment to recycling and
reuse
October 2019: HLL Lifecare
Limited launched a “Plastic free HLL” campaign in connection with the
‘Swachhata hi Seva’ (Cleanliness is Service) campaign launched by the
Government of India
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