Published Date : Oct 27, 2016
The global market for disposable plastic blood bags is undergoing a remarkable transformation, thanks to the rising prevalence of chronic diseases and the increase in the global base of the geriatric population. Single, double, triple, and quadruplet bags are the main types of blood bags available in this market. Among these, the demand for single blood bags is higher than others. The scenario is likely to remain very much unchanged over the next few years.
Increasing Awareness among People Regarding Importance of Blood Donation to Fuel Demand for Disposable Plastic Blood Bags
A number of government organizations are taking initiatives to increase the awareness level of people pertaining to the importance of blood donations. This factor, as a result, is driving the growth of this market remarkably. Apart from this, the increasing usage of RFID technology on disposable plastic blood bags for quick and hassle-free identification is also supporting the market’s growth considerably across the world.
While the market looks thriving at present, the risks of infections associated with blood transfer, poor blood collection, and the shortage of proper storage infrastructure in various emerging economies are acting as an obstacle in the growth trajectory of this market.
Global Disposable Plastic Blood Bags Market - Competitive Landscape
Sichuan Nigale Biomedical Co. Ltd., AdvaCare Pharma, MS Co. Ltd., Fresenius SE & Co. KgaA, Terumo Corp., MacoPharma S.A., Grifols S.A., SURU International Pvt. Ltd., Shanghai Transfusion Technology Co. Ltd., GenesisBPS, Kawasumi Laboratories Inc., Haemonetics Corp., Neomedic Ltd., and Shandong Weigao Group Medical Polymer Co. Ltd. are some of the leading players in the global market for disposable plastic blood bags. Among these, Terumo Corp. have been leading the overall market. The company held a market share of nearly 38.7% in 2013. Most of the companies operating in this market are focusing on mergers, acquisitions, and strategic collaborations for the development of their businesses.