Global Disposable Blood Bags Market Size (2024 - 2029)

The disposable blood bags market is projected to experience growth due to several key factors. The increasing incidence of trauma and medical emergencies requiring blood transfusions is a primary driver, alongside the rising prevalence of blood-related and chronic diseases that necessitate regular transfusions. Technological advancements and new product launches are also expected to enhance the availability of disposable blood bags, further contributing to market expansion. Despite these growth drivers, the market may face challenges due to the high risks associated with blood donation and transfusion processes.

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Market Size of Global Disposable Blood Bags Industry

Disposable Blood Bags Market Summary
Study Period 2021 - 2029
Market Size (2024) USD 445.95 Billion
Market Size (2029) USD 550.96 Billion
CAGR (2024 - 2029) 4.32 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Disposable Blood Bags Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

By Type of Bag
Blood Collection Bags
Single Blood Bags
Double BloodBags
Triple Blood Bags
Quadruple Blood Bags
Blood Transfusion Bags
By End User
Blood Banks
Hospitals
Non-Government Organization and Others
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Disposable Blood Bags Market Size Summary

The disposable blood bags market is poised for significant growth, driven by an increasing incidence of trauma, injuries, and the rising prevalence of blood-related chronic disorders. The demand for blood transfusions is escalating due to factors such as road accidents, which necessitate immediate medical interventions, and the growing number of patients with conditions like hemophilia, sickle cell disease, and leukemia. These medical emergencies and chronic health issues require regular blood transfusions, thereby boosting the procurement of disposable blood bags. Additionally, government initiatives and advancements in medical technology are further propelling market expansion, as new product launches and innovations, such as DEHP-free blood bag systems, enhance the availability and safety of blood transfusion processes.

In North America, the market is experiencing robust growth due to the high prevalence of blood-related disorders and an aging population that demands frequent blood transfusions. The region's increasing road accident rates and the need for surgical procedures to address chronic health conditions are also contributing to the heightened demand for disposable blood bags. The competitive landscape is characterized by the presence of numerous global and local companies, with key players like Fresenius SE & Co. KGaA, Haemonetics Corporation, and Terumo Corporation actively engaging in strategic activities such as product launches and collaborations to strengthen their market positions. These dynamics, coupled with ongoing efforts to raise awareness about blood donation, are expected to drive the market's growth trajectory over the forecast period.

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Global Disposable Blood Bags Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing number of Taruma and Injuries

      2. 1.2.2 Rising Burden of Blood Related and Other Chronic Disorders

      3. 1.2.3 Increasing Government Initiatives for Blood Donations

    3. 1.3 Market Restraints

      1. 1.3.1 High Risk Associated with Blood Donation and Transfusion

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 2.1 By Type of Bag

      1. 2.1.1 Blood Collection Bags

        1. 2.1.1.1 Single Blood Bags

        2. 2.1.1.2 Double BloodBags

        3. 2.1.1.3 Triple Blood Bags

        4. 2.1.1.4 Quadruple Blood Bags

      2. 2.1.2 Blood Transfusion Bags

    2. 2.2 By End User

      1. 2.2.1 Blood Banks

      2. 2.2.2 Hospitals

      3. 2.2.3 Non-Government Organization and Others

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Global Disposable Blood Bags Market Size FAQs

The Global Disposable Blood Bags Market size is expected to reach USD 445.95 billion in 2024 and grow at a CAGR of 4.32% to reach USD 550.96 billion by 2029.

In 2024, the Global Disposable Blood Bags Market size is expected to reach USD 445.95 billion.

Global Disposable Blood Bags Market Report Snapshots

Disposable Blood Bags Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)