United States Blood Bags Market to Grow at a Significant Rate through 2026
Increasing number of blood banks and rapid occurrence of road accidents is expected to drive the demand for United States blood bags market for the forecast period.
According to TechSci Research report, “United States Blood Bags Market By Product Type (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 Surgical Center, Blood Banks, Others) By Company, By Region, Forecast & Opportunities, 2026”, The United States blood bags market is expected to witness steady growth for the next five years. Blood bags are made up of bio-medical products and are specially designed for collection, storage, transportation and for blood transfusion processes. Blood bags also prevent the blood from contamination and coagulation. These blood bags are in high demand from hospitals, blood banks, government, and non-governmental organizations for collecting blood during the blood donation campaigns. Government in United States is investing huge amounts for continuous development of healthcare industry and increase in number of hospitals, clinics and blood banks is contributing for high demand for blood bags. Favorable reimbursement policies offered by leading authorities to promote the healthcare industry and expand the reach to every citizen is a positive factor fostering the demand of blood bags in United States. The process of blood transfusion requires transportation of the blood from donor to recipient. The compatibility of the blood should be checked to avoid any further complications such as dizziness, allergic reactions, headaches, hemolytic reactions, among others. Therefore, to prevent any kind of infections caused by bacteria or virus it is necessary to carry the blood in antiseptic bags.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected countries adversely. Leading authorities in United States imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing. United States authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. All non-essential services got delayed ensuring proper treatment of patients. The pandemic put halt on blood donation campaigns and investments by government organizations got delayed which affected the market adversely.
However, huge waste created by use of blood bags may create hindrance in the blood bags market growth.
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United States blood bags market is segmented into product type, type, volume, material, end user, regional distribution, and company. Based on type, market is further bifurcated into collection bag and transfer bag. The collection bag segment is expected to account for major market share for the forecast period, 2022-2026. Growth in awareness regarding the donation of blood and organization of blood donation camps by non-governmental organizations and government authorities is expected to boost the demand for blood collection bag. Based on end user, market is majorly categorized into hospitals, clinics, ambulatory surgical center, blood banks and others. The hospitals segment is anticipated to dominate the blood bags market for the next five years due to increase in number of people getting admitted into the hospitals due to emergency and critical situations. Blood donation camps are organized by hospital facilities thereby creating the need for blood bags in healthcare facilities. Based on product type, market is fragmented into single blood bag, double blood bag, triple blood bag, quadruple blood bag and penta blood bag. The triple blood bag segments is expected to witness growth for the forecast period due to increasing incidences of blood related disorders and high number of blood transfusion procedures being performed.
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 are the leading players operating in United States blood bags market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several blood bags manufacturers are coming up with their technologically advanced offerings.
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“Major market players are offering customized blood bags integrated with tracking systems to prevent theft or loss of blood from healthcare institutions. The healthcare sector is well-developed infrastructure coupled with huge expenditure for healthcare facilities by government authorities for technological advancement and the continuous need to search for more environment-friendly material for blood bags along with innovative techniques to make the blood transfusion, storage and transportation is expected to drive the United States blood bags market until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Blood Bags Market By Product Type (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 Surgical Center, Blood Banks, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of United States blood bags market and provided statistics & information on market size, shares, 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 the of United States blood bags market.
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