Increasing awareness of blood donation campaigns and rising prevalence of chronic diseases is expected to drive the United States Blood Bags Market during the forecast period, 2022-2027
According to TechSci Research report, “United States Blood Bags - By Region, Forecast and Opportunities, 2017-2027”, the United States Blood Bags Market was valued at USD 94.85 million in 2021 and is expected to register a rate of 6.08% during the forecast period. The increase in number of blood collection centers, awareness to donate blood among people and increasing prevalence of chronic diseases are the primary factors driving the demand for the United States Blood Bags market. In the United States, approximately 29,000 units of red blood cells are needed every day because of increasing number of road accidents. Growing expansion of healthcare facilities such as blood donation campaigns by private or government organizations, increasing investments in healthcare sector, rising patient awareness, development in medical and surgical procedures, trauma care, and the management of blood disorders are expected to influence the market demand.
However, the advancement in technology improves the treatment of serious problem such as surgery, trauma and cancer will increase the probability of the need for blood transfusion which is expected to drive the growth of the market during the forecast period.
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The United States Blood Bags market can be segmented by product, type, volume, material, end user, and region.
Based on type, the market can be bifurcated into collection blood bags and transfer blood bags. The collection blood bags market segment dominated the market in 2021 with an overall share of 86.28%. This can be ascribed to the increasing use of collection blood bags for reliable collection, separation, storage, and transportation of various blood products such as RBCs, WBCs, platelets, plasma etc. and will be further used significantly for the treatment of anemia, surgery, and cancer.
In terms of material, the market can be split into PVC (Polyvinyl Chloride), PET (Polyethylene Terephthalate and Others (including CPDA, Biaxially Oriented Polyamide Film etc). The PVC dominated the market in 2021 with an overall share of 79.21% on account of its high usability and low cost.
By end user, the market can be categorized into hospitals & clinics, ambulatory care centers, blood banks, and others. The hospitals & clinics segment is expected to dominate the market through forecast period on account of increasing number of surgical and non-surgical procedures performed which undergoes utilization of blood.
Major companies operating in United States Blood Bags Market include:
- Terumo BCT Inc.
- Teleflex Incorporated
- Haemonetics Corporation
- AdvaCare Pharma
- Fresenius Kabi USA, Inc.
- B. Braun of America, Inc.
- Coloplast Corp.
- Baxter International Inc.
- Grifols USA, LLC
- Genesis BPS
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“United States Blood Bags market is expected to witness significant growth during the forecast period on account of increasing surgical procedures being performed. An increase in number of road accidents and chronic diseases further supports the demand for blood bags in the United States. Additionally, increase in emergence of players manufacturing blood bags is expected to create lucrative opportunities for the market growth in the next few years” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Blood Bags Market, By Product (Single Blood Bag, Double Blood Bag, Triple Blood Bag, Quadruple Blood Bag, Penta Blood Bag), By Type (Collection Bag v/s Transfer Bag), By Volume (100ml, 150ml, 250ml, 300ml, 350ml, 400ml, 450ml, 500ml), By Material (PVC, PET, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Blood Banks, Others), By Region, Competition, Forecast & Opportunities, 2027”, has evaluated the future growth potential of United States Blood Bags Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Blood Bags Market.