Blood Bags Market Size, Share, and Growth Analysis

 Blood Bags Market

Blood Bags Market Size, Share, Growth Analysis, By Product Type (Single Blood Bag, Double Blood Bag, Triple Blood Bag and Others), By End User (Blood Banks, Hospitals, Clinics, Ambulatory Surgical Centers, Non-Government Organization (NGO) and Others), By Material (Poly Vinyl Chloride (PVC) Blood Bag, Polyethylene Terephthalate Blood Bag, and Others), By Capacity, By Channel (Tender Sales and Private Sales), By Region-Industry Forecast 2025-2032


Report ID: SQMIG35B2236 | Region: Global | Published Date: July, 2025
Pages: 180 |Tables: 147 |Figures: 72

Format - word format excel data power point presentation

Blood Bags Market Insights

Global Blood Bags Market size was valued at USD 439.2 Million in 2023 and is poised to grow from USD 468.63 Million in 2024 to USD 737.87 Million by 2032, growing at a CAGR of 6.7% in the forecast period (2025-2032).

The blood bags market is growing rapidly, driven by rising awareness among people regarding blood donation and increasing blood collection initiatives drive the growth of the market. Major factors for the growing market during the forecast period include increasing government and non-government organization (NGO) initiatives regarding blood sampling and collection activities.

For instance, the World Health Organization’s (WHO)” Give Blood and Keep the World Beating” campaign, was launched on World Blood Donor Day whose aim was to encourage global blood donation drives and ensuring safe blood transfusion practices that boost the demand for reliable blood collection systems by public participation.

Furthermore, growth in numbers of blood banks, hospitals, and other healthcare centres boosts market expansion. The global demand for blood bags increases with increase in the number of road accidents that require immediate medical assistance like blood transfusion are impelled by trauma cases, surgical procedures, and medical conditions like anemia, contributes to the growth of the market.

The key drivers for the adoption of advanced disposable blood bags that meet rigorous regulatory requirements are increasing awareness and focusing on adhering to blood safety standards, particularly in preventing contamination and infection transmission.

While regulatory standards play an important role in ensuring safety, the major key restraint is that manufacturers may face challenges in adhering with strict regulations, including increased testing requirements, certification processes and intense scrutiny. These challenges bear the potential to impact market entry and operational processes.

How is AI Driving Innovation in Blood Bags Market?

AI is transforming the blood bags market by enhancing quality control, donor safety and supply chain management. In 2021 global investments in healthcare, infrastructure and digital transformation accelerated globally due to aging populations and rising chronic disease burdens. AI-enabled systems are now ensuring that blood bags meet safety protocols and are stored optimally. This helps in reaching the patient in time and reducing human error and operational inefficiencies, which improves the reliability and trackability of the entire blood collection and distribution network.

For instance, in 2024, the startup BloodChain launched a blockchain-AI hybrid platform that enables predictive analysis and end to end visibility for blood bag logistics helping blood banks to optimize routing, preventing shortages and forecast demand especially in rural and underserved areas.

In manufacturing, companies such as Terumo BCT are using AI driven vision systems in blood bag seams to detect microscopic defects, thus ensuring sterile conditions.

Donor data is analyzed by AI algorithms to flag potential adverse reactions and optimize collection schedules. Additionally, startup companies like BloodX are forecasting regional blood demand and helping blood banks to reallocate resources efficiently by using predictive analysis modeling techniques. These applications exhibit how AI is not just becoming an integral to the broader blood management eco system, but it also ensures enhanced product safety and prediction accuracy.

Market snapshot - (2025-2032)

Global Market Size

USD 439.2 Million

Largest Segment

Single Blood Bag

Fastest Growth

Double Blood Bag

Growth Rate

6.7% CAGR

Global Blood Bags Market ($ Mn)
Country Share for North America Region (%)

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Blood Bags Market Segments Analysis

Global blood bags market is segmented into product type, end user, material, capacity, channel, and region. By product type, the market is segmented into single blood bag, double blood bag, triple blood bag and others. Based on end user, the market is segmented into blood banks, hospitals, clinics, ambulatory surgical centers, non-government organization (NGO) and others. Based on material, the market is segmented into poly vinyl chloride (PVC) blood bag, polyethylene terephthalate blood bag, and others. Based on capacity, the market is segmented into 100ml blood bag, 150ml blood bag, 250ml blood bag, 300ml blood bag, 350ml blood bag, 400ml blood bag, 450ml blood bag and 500ml blood bag. Based on channel, the market is segmented into tender sales and private sales. Based on region, the market is segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.

How are Single Bags Cost-Efficient than Multi-Bag Globally?

Single blood bag segment is dominating the blood bags market because of their cost-effectiveness and extensive use in routine blood collection procedures in emerging markets. These bags are ideal for whole blood collection which does not require component separation, making them essential for blood banks, particularly in low- and middle-income countries. Additionally, blood transfusion centers prefer single bags for emergency use due to their ease of storage and simplicity. Their high demand in rural outreach programs and trauma care also strengthens their market presence.

As per the global blood bags market forecast, demand for double blood bag, triple blood bag, quadruple blood bag and penta-blood bag segment is the fastest growing due to the increasing need for surgeries, oncology treatments, blood transfusions and rising awareness about blood donations. This growth is eminent in developed markets such as North America and Europe, where there is a strong emphasis on advanced healthcare, infrastructure component therapy, blood banking facilities, and adherence to transfusion protocols.

Can Hospital-Based Transfusion Centers Match the Efficiency of Centralized Blood Banks?

As per the global blood bags market analysis, the largest market share is held by the blood banks segment. Their dominance is due to centralized collection, processing, and storage of blood for hospitals and trauma centers that is often supported by government sponsored initiatives and programs. They are also better equipped with the advanced infrastructure and trained personnel for managing both single and multi-collection blood bags, further contributing to their leadership in the market.

According to the global blood bags market outlook, hospitals represent the fastest-growing end user segment. This growth is driven by the increasing number of emergency care admissions, surgical procedures and in-house transfusion facilities, particularly in urban hospitals and multi-specialty centers. Additionally, hospitals in developed economies are investing in maintaining in-house blood banks, transfusion services, advanced storage and technology which is contributing to the rapid adoption of sophisticated blood bag systems, including those enabling component separation and traceability.

Global Blood Bags Market By Type (%)

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Blood Bags Market Regional Insights

How is the Blood Bags Market Performing in North America?

As per regional forecast, North America accounted for the global blood bags industry with a market size of 35.80% in 2024 driven by robust healthcare infrastructure, trauma centres and organ transplant programs. Strong market strategies by well-established players promote high market penetration and reliability, investment in component-separation systems boost market growth that are driven by rising chronic diseases and advanced transfusion needs and increasing adoption of AI-enabled storage systems. The market outlook is further forged by advanced infrastructure, ongoing industry shift and safety protocols in transfusion management.

Blood Bags Market in United States

As per regional outlook, the U.S. dominates the regional market size with substantial volumes and extensive network of blood donations and increasing demand for automated blood processing systems. Key market trends driving the blood bags sector include AI integration and RFID-enabled inventory. In 2024, the blood bags market revenue increased with the presence of trauma centers and organ transplant facilities. The U.S is observing huge investment in triple and quadruple blood bags to meet complex clinical demand.

Blood Bags Market in Canada

Canada reflects many of the industry trends as observed in the U.S on a more modest scale, that reflects strong safety regulations and centralized health governance. Advanced blood storage solutions are being adopted by urban hospitals. The 2024 market analysis emphasizes growth in awareness and innovations in digital traceability, transfusion monitoring and blood safety with robust demand for both sterile and multi-bag units for oncology and emergency care boosting market growth of specialized blood bags in Canada.

Why is Asia-Pacific Emerging as a Hotspot for Advanced Blood Bag Systems?

According to regional forecast, Asia-Pacific is the fastest-growing region in the blood bags industry, backed by urbanization and rising surgical volumes maintaining a market share of 28.4% in 2024. Market growth is boosted by rising trauma and oncology cases, developing healthcare infrastructure and government-led blood donation camps across Japan, South Korea and Southeast Asia. The market outlook is driven by the adoption of multi-bag systems, automation in blood banks, AI-enabled logistics and portable blood collection units. As per 2024 industry trends and market strategies are determined by Innovation and affordability in this region.

Blood Bags Market in Japan

As per blood bags industry analysis, Japan reflects a developed blood bags market with high quality and safety standards. The 2024 market strategies consist of AI-integrated traceability systems, automation, precision-based transfusion protocols, RIFD tracking and efficient hospital transfusion management systems. Market growth is due to increasing demand for component-based bags and continues to grow in specialized cancer and rising demand for geriatric care centres due to the aging population.

Blood Bags Market in South Korea

South Korea is witnessing rapid market growth backed by growing surgeries, tech-integrated digital healthcare ecosystem, priority on advanced blood tracking, cold-chain monitoring and component therapy According to 2024 market analysis, robust market penetration by local manufacturers and high demand for multi-bag systems and support in rising donation rates are key trends driving the blood bags market.

What Role Does Regulatory Strength Play in the European Blood Bags Market Expansion?

According to the regional forecast in 2024, Europe accounted for the market share of 27.1% driven by advanced healthcare systems, robust regulatory frameworks and obligatory traceability laws. Improved market penetration and clinical outcomes are ensured by these factors that encourage the extensive adoption of multi-bag systems, safe transfusion practices and component separation. Market growth across this region is driven by AI-based inventory tracking, surgical procedures and aging population that set key industry trends in the European blood bags market.

Blood Bags Market in Germany

In 2024, Germany dominates Europe with over 28% regional market share due to public-private health system integration and advanced blood bank digitization. Ongoing investments in next generation bag configurations and sterile packaging align with the progressing market strategies.

Blood Bags Market in United Kingdom

The UK blood bags market boasts a centralized NHS transfusion network, and donor compliance supports high market penetration. In 2024, the market size is being driven upward by an increasing demand for multi-bags due to complex transfusion therapies and innovation in AI-based matching. According to blood bags industrial analysis, technology remains a pivotal factor leading to market growth of the blood bag industry.

Blood Bags Market in Italy

According to blood bags market statistics, the Italy market growth is driven by a high volume of trauma-related transfusions and surgeries. As per the market forecast in 2024, there is a strong demand for component-separating systems like triple and quadruple bags, driven by increasing investments in clinical research funding and rising investments.

Blood Bags Market in France

As per the blood bags market outlook of 2024, France supports extensive national donation programs and ethical transfusion laws. Future market growth is driven by innovations in compliance-based storage systems, blood bag labeling and pediatric transfusion solutions. AI-based inventory controls and traceability are increasingly emphasized by hospitals.

Global Blood Bags Market By Geography
  • Largest
  • Fastest

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Blood Bags Market Dynamics

Blood Bags Market Drivers

Rising Demand for Multi-Component Blood Collection Systems

  • The demand for double blood bag, triple blood bag, quadruple blood bags and penta-blood bags has significantly boosted due to the rising need for trauma care, oncology and component-based transfusions and surgeries in. Market growth and expansion of the market size, particularly in technologically advanced regions, is driven by improved treatment precision which allows the separation of plasma, red cells and platelets.

For instance, in 2024, in North America and Asia-Pacific, especially in U.S, Japan and South Korea saw a significant increase in demand for triple and quadruple blood bags due to increasing demand for surgeries, cancer care and its aging population, boosting component therapy programs and strengthening regional market penetration at institutions like Johns Hopkins and Tokyo Medical University.

Integration of AI and Automation in Blood Bag Management

  • AI-enabled technologies are streamlining blood bag inventory platforms, enhancing storage control, real-time monitoring compliance and traceability. RFID-enabled systems and smart storage are improving shelf-life tracking, minimizing human error and strengthening operational workflows, driving market penetration and improving efficiency and reliability across advanced hospital networks globally.

For instance, Germany and South Korea have implemented Scinomed’s RFID-based smart blood bags in hospitals that ensure temperature consistency and integrated Haemonetics’ BloodTrack system into transfusion units in 2023-2024, which improved stability and reduced blood wastage. These advanced technologies shape blood bags market trends and support traceability across developed regions.

Blood Bags Market Restraints

Regulatory Compliance and Manufacturing Barriers

  • Increase in manufacturing costs and delay in product approvals are caused due to strict government regulations on sterility checks, advanced labeling standards and DEHP-free bags. Entry barriers such as new product launches are faced by smaller companies that complicate blood bags market strategies and restrict market share in the blood bags industry.

For instance, in France and Italy, according to the local distributors there was a delay in CE approvals in 2024 that affected time-to market for component blood bags by smaller manufacturing companies, that reduced their market share and delayed in planning regional expansion.

Raw Material Price Volatility and Import Dependency

  • Increased instability in the prices of plasticizers, anticoagulants and PVC is due to logistic delays and geopolitical tensions which inconsistently affect inventory management and restrict stable market forecast planning in underdeveloped markets.

For instance, in 2024, South Africa and Brazil witnessed supply chain disruptions that caused delays in the import of DEHP-free materials which led to scarcity in supply of blood bags during government health programs, affecting market growth and causing a burden on local blood banks.

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Blood Bags Market Competitive Landscape

The competitive landscape of the blood bags industry in 2024 is defined by strategic partnerships, sustainability initiatives, and technological advancement. Market share of key players is growing through regional collaborations and smart inventory management systems. Industry trends are driven by innovative startups by introducing AI-integrated and eco-friendly solutions that cater to the emerging healthcare and regulatory demands.

As per market strategies, in January 2024, Terumo Corporation collaborated a partnership with Scinomed to launch RFID-integrated blood bags in France and Germany for boosting market growth and supply chain transparency.

Emerging startups in the blood bags market are reshaping the market landscape by focusing on AI-enabled smart inventory systems, eco-friendly materials, and innovations that are in compliance to the regulatory policies. Among them, Scinomed, founded in 2017 in Germany, has gained popularity for integrating AI and RFID to monitor real-time conditions of blood bags, ensuring safety, compliance and traceable blood transfusion logistics. The brand focuses on healthcare providers that are seeking waste reduction and digital traceability without compromising with the safety standards set by the government.

  • Scinomed (Founded in 2017, Germany): Scinomed is a med-tech startup that integrates AI and RIFD into blood bag systems to monitor shelf life, temperature, real time storage conditions that improves storage and traceability. The brand targets European hospitals with digital inventory management tools that support digitization of blood transfusion workflows that reduce wastage and mismanagement.
  • Trivault Medical (Founded in 2018, South Korea): Trivault Medical emphasizes on manufacturing DEHP-free, biodegradable blood bags and sustainable transfusion systems that are aligned with green healthcare initiatives in countries like Japan and South Korea. Its products focus on promoting patient-safe and eco-friendly alternatives resolving increasing environmental and regulatory concerns toward traditional PVC-based bags.

Top Player’s Company Profiles

  • Terumo Corporation
  • Haemonetics Corporation
  • Grifols S.A.
  • Macopharma S.A.
  • Fresenius Kabi AG
  • JMS Co., Ltd.
  • Poly Medicure Ltd.
  • AdvaCare Pharma
  • Kawasumi Laboratories Inc.
  • HLL Lifecare Limited
  • Neomedic International
  • Span Healthcare Pvt. Ltd.
  • Scinomed
  • Trivault Medical

Recent Developments in Blood Bags Market

  • In June 2025, Sanofi published its agreement for the acquisition of Blueprint Medicines for up to $9.5 billion. This acquisition focuses on strengthening Sanofi’s rare disease drug and immunology portfolio with Blueprint's authorized treatment for a rare blood disorder named systemic mastocytosis.
  • In January 2024, Xheme Inc. collaborated with Vitalant Research Institute to develop a non-PVC film and non-toxic technology for blood bags. This innovation focuses on complying with upcoming European Union regulations on medical plastics and preserving the scarcity of blood supplies to resolve both environmental and safety concerns.
  • In April 2024, Haemonetics Corporation acquired Attune Medical for $160 million. This strategic move grows Haemonetics' portfolio in temperature management solutions, improving its contributions in patient care technologies and blood management.

Blood Bags Key Market Trends

Blood Bags Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, key drivers of market growth include the increasing demand for double blood bag, triple blood bag and others to meet the increasing demand for blood component separation in oncology, complex surgeries and trauma care. Blood banks and hospitals are increasingly adopting these efficient systems for enhancing clinical outcomes and blood transfusion precision. The consistent rise in frequency of blood donations further strengthens the market where collection rates are improved by government-led programs. A key market trend gaining popularity includes the shift toward non-PVC blood bags and DEHP-free blood bags in Europe and Japan, reflecting the growing emphasis on environmental sustainability and patient safety. These product innovations showcase a regulatory landscape and a progression for eco-friendly medical solutions in well-established markets.

Report Metric Details
Market size value in 2023 USD 439.2 Million
Market size value in 2032 USD 737.87 Million
Growth Rate 6.7%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Million
Segments covered
  • Product Type
    • Single Blood Bag, Double Blood Bag, Triple Blood Bag and Others
  • End User
    • Blood Banks, Hospitals, Clinics, Ambulatory Surgical Centers, Non-Government Organization (NGO) and Others
  • Material
    • Poly Vinyl Chloride (PVC) Blood Bag, Polyethylene Terephthalate Blood Bag and Others
  • Capacity
    • 100ml Blood Bag, 150ml Blood Bag, 250ml Blood Bag, 300ml Blood Bag, 350ml Blood Bag, 400ml Blood Bag, 450ml Blood Bag and 500ml Blood Bag
  • Channel
    • Tender Sales and Private Sales
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Terumo Corporation
  • Haemonetics Corporation
  • Grifols S.A.
  • Macopharma S.A.
  • Fresenius Kabi AG
  • JMS Co., Ltd.
  • Poly Medicure Ltd.
  • AdvaCare Pharma
  • Kawasumi Laboratories Inc.
  • HLL Lifecare Limited
  • Neomedic International
  • Span Healthcare Pvt. Ltd.
  • Scinomed
  • Trivault Medical
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Blood Bags Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Blood Bags Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Blood Bags Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Blood Bags Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Blood Bags Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Blood Bags Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

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FAQs

Global Blood Bags Market size was valued at USD 439.2 Million in 2023 and is poised to grow from USD 468.63 Million in 2024 to USD 737.87 Million by 2032, growing at a CAGR of 6.7% in the forecast period (2025-2032).

The competitive landscape of the blood bags industry in 2024 is defined by strategic partnerships, sustainability initiatives, and technological advancement. Market share of key players is growing through regional collaborations and smart inventory management systems. Industry trends are driven by innovative startups by introducing AI-integrated and eco-friendly solutions that cater to the emerging healthcare and regulatory demands. 'Terumo Corporation', 'Haemonetics Corporation', 'Grifols S.A.', 'Macopharma S.A.', 'Fresenius Kabi AG', 'JMS Co., Ltd.', 'Poly Medicure Ltd.', 'AdvaCare Pharma', 'Kawasumi Laboratories Inc.', 'HLL Lifecare Limited', 'Neomedic International', 'Span Healthcare Pvt. Ltd.', 'Scinomed', 'Trivault Medical'

The demand for double blood bag, triple blood bag, quadruple blood bags and penta-blood bags has significantly boosted due to the rising need for trauma care, oncology and component-based transfusions and surgeries in. Market growth and expansion of the market size, particularly in technologically advanced regions, is driven by improved treatment precision which allows the separation of plasma, red cells and platelets.

AI-Enabled Blood Bag Monitoring Is Enhancing Efficiency: In early 2024, AI-integrated systems were increasingly adopted by medical facilities across North America and Asia-Pacific for real-time monitoring of temperature, blood bag storage, and logistics. These market trends contemplate a shift toward reducing human error, digitized operations, ensuring compliance, and improving market penetration across urban regions where there is an increased demand.

How is the Blood Bags Market Performing in North America?

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