Global Disposable Blood Bags Market Size (2024 - 2029)

Disposable Blood Bags Market Analysis

The Global Disposable Blood Bags Market size is estimated at USD 445.95 billion in 2024, and is expected to reach USD 550.96 billion by 2029, growing at a CAGR of 4.32% during the forecast period (2024-2029).

The increasing number of trauma and injuries, the rising burden of blood-related and other chronic disorders, and increasing government initiatives for blood transfusions are expected to boost market growth over the forecast period.

The increasing burden of accidents, trauma, and other medical emergencies requiring blood transfusions is the primary driver of the disposable blood bag market. Road accidents are a significant cause of injuries among children and young adults (5-29 years old), posing a significant threat to their health and well-being. For instance, according to data published by the World Health Organization in December 2023, between 20 and 50 million people suffer from non-fatal injuries, with many incurring a disability. Blood transfusion activities often accompany these severe injuries during surgical procedures to treat fatal injuries as well as to recover blood loss. Hence, road accident injuries that necessitate blood transfusion increase the procurement rate of disposable blood bags, which is expected to propel the market growth during the forecast period.

The prevalence of blood-related and other chronic diseases, such as hemophilia, sickle cell disease, blood cancer, and leukemia, is increasing, which can lead to hospitalization, which further necessitates the demand for blood transfusion. For instance, as per the data published by the World Federation of Hemophilia, in March 2023, over 400,000 individuals lived with hemophilia globally, requiring regular blood transfusions for treatment. Thus, this routine blood transfusion procedure among hemophilia patients propels the demand for disposable blood bags, contributing to market growth.

Additionally, the incidence of rare blood disorders and the number of people with chronic anemia are predicted to increase the demand for blood-derived materials, fueling the demand for blood transfer bags. For instance, according to the World Health Organization, in May 2023, almost 40% of children aged 6-15 and about 3 in 10 pregnant women aged between 15 and 49 years old suffer from anemia worldwide, thus raising the need for blood transfusion in critical cases. Hence, it is expected to have a positive impact on the market growth.

Furthermore, emerging technological advancements and increasing new product launches are also expected to fuel the availability of disposable blood bags in the market, hence anticipated to drive the market growth over the forecast period. For instance, in August 2023, Fresenius Kabi stated its progress in developing a DEHP-free blood bag system. The company revealed a new blood bag system with a red cell bag made from PVC/BTHC material. These developments are anticipated to boost the market growth.

Therefore, owing to the factors above, such as the rising number of trauma and injuries and the growing burden of blood-related, the market is anticipated to witness growth over the analysis period. However, the high risk associated with blood donation and transfusion will impede market growth over the forecast period.

Disposable Blood Bags Industry Segmentation

As per the report's scope, disposable blood bags are disposable bio-medical devices used for collecting, storing, transporting, and transfusion blood and blood components. The disposable blood bags market is segmented by type of bag, end-user, and geography. By type of bag, the market is segmented into blood collection bags (single blood bags, double blood bags, triple blood bags, and quadruple blood bags) and blood transfusion bags. By end users, the market is segmented into blood banks, hospitals, non-government organizations, and other end users. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.