Disposable blood bags are non-reusable medical bags designed for the collection, transfusion, and storage of blood and blood products. These consist of tubes, clamps, and needles, and are manufactured using bio-compatible PVC material to store the blood for extended time periods. A disposable blood bag is used in blood banks, hospitals, NGOs, and government programs for blood donation activities.

Upsurge in the incidence of accidents, trauma, and various blood-related diseases; increase in awareness regarding blood donation among people and increase in the number of blood transfusion surgeries worldwide are expected to drive the disposable blood bag market.

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However, risk factors associated with transfusion of blood in underdeveloped regions restrict this growth. Conversely, huge untapped market potential in emerging countries, such as China and India, is expected to provide lucrative opportunities to the market players.

The collection bag segment is anticipated to continue to lead the market throughout the analysis period, owing to an increase in the number of blood donations. In addition, high demand for blood and blood products in the developing regions due to increased utilization of healthcare services boosts the market growth.

According to a new report published by Allied Market Research the global disposable blood bag market was valued at $279 million in 2016 and is projected to reach $580 million by 2023, growing at a CAGR of 11.0% from 2017 to 2023. The volume of the disposable blood bag market was 275 million units in 2016 and is expected to reach by 556 million units by 2023, registering a CAGR of 10.5%.

The major companies profiled in the report include Fresenius SE & Co. KGaA, Terumo Corporation, Grifols, S.A, MacoPharma, S.A, HLL Lifecare Limited, Poly Medicure Limited, INNVOL Medical India Limited, Span Healthcare Private Limited, Haemonetics Corporation, and Neomedic International.

Key Benefits:

•The study provides an in-depth analysis of the disposable blood bag market with current trends and future estimations to elucidate the imminent investment pockets.

•The report provides a quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on prevailing market opportunities.

•Extensive analysis by technology and application helps to understand various trends and prevailing opportunities in the market.

•Comprehensive analysis of all geographical regions is provided, which determines the main opportunities in these geographies.

•Key players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.

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