Medical Health & Life Science Research News

North America emerges fastest growing Disposable plastic blood bag market in the world

The global disposable plastic blood bag market was valued at $286.5 million in 2014, and it is expected to grow with a CAGR of 9.2% during the period 2015 - 2020.

The single disposable blood bag segment dominated the global disposable plastic blood bag market with about 75% share in 2014. Among end-user, hospital is the largest and fastest growing market in the global disposable plastic blood bag market.

Disposable plastic blood bag market is escalating with a significant growth rate due to increasing prevalence of chronic diseases and growing aging population. In addition, rising initiatives undertaken by government associations to boost awareness about blood donations and advanced features of disposable plastic blood bags are also supporting the growth of the global disposable plastic blood bag market.

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Disposable plastic blood bags are bio-medical devices which are used in the collection and transportation of human blood. These bags also help in the separation of blood components, such as platelets, plasma and cryoprecipitate, that are used to treat a range of blood disorders.

Plastic blood bags consist of a single pouch or multiple pouches connected with tubes, needles, and clamps that help in the collection of blood and blood components. These bags have completely replaced glass bottles for collection and transportation of blood.

This is due to excessive cleaning and autoclaving requirements of glass bottles.

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The key companies operating in the global disposable plastic Blood bag market include Haemonetics Corporation, JMS Co., Ltd., Kawasumi Laboratories, Inc., Grifols International S.A., AdvaCare Pharma, Fresenius SE & Co. KGaA, Terumo Corporation, Macopharma, Genesis BPS, SURU International Pvt.

Ltd., Shanghai Transfusion Technology Co., Ltd., Nigale Biomedical Inc. of Sichuan Province Corporation (Nigale), Neomedic Limited, and Shandong Weigao Group Medical Polymer Company Limited.

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