The global Blood bags Market saw significant growth in 2023 and is expected to continue on a steady revenue growth trajectory during the forecast period. The market is being driven by the growing demand for sterile biomedical devices for the transport and transfusion of blood and its components. Blood bags are used for the collection, processing, storage, and transportation of blood and its components. Major drivers of the global blood bags market include the rising incidence of fatal accidents, blood-related medical conditions, and numerous invasive surgical procedures. The market is also being fueled by the increasing number of hospitals, blood banks, and other healthcare facilities, as well as the establishment of multiple blood donation programs by various government bodies and non-profit organizations.

Despite these positive factors, there are also several unfavorable factors that are hampering the growth of the global blood bags market. These include strict laws and regulations for medical operations involving the use of plastics, a lack of advanced infrastructure in developing countries for collecting and storing blood, and the absence of unique facilities and infrastructure for collecting and storing blood. However, increasing initiatives by governments and private healthcare governing bodies are enhancing voluntary blood donation, storage, and blood collection activities, which are expected to continue to open up lucrative business opportunities for major players and new entrants in the market.

Based on product type, the single blood bag segment is expected to show the largest revenue share over the forecast period, driven by extensive usage to treat pediatric disorders and additional storage benefits. The hospitals segment is expected to lead all other segments in terms of revenue growth due to increasing numbers of surgical procedures requiring large amounts of blood supply, as well as an increase in blood-related diagnoses. North America emerged as the dominant market for blood bags in 2020, due to a rise in the number of blood transfusions, increasing prevalence of various diseases, higher public awareness, and growing private and government-sponsored blood donation initiatives. The Asia Pacific blood bags market is expected to register the fastest revenue CAGR over the forecast period due to increasing adoption of latest technologies and rising incidence of chronic diseases.

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Detailed Segmentation In Our Report:

For the purpose of this report, global blood bags market is segmented on the basis of product type, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

• Single Blood Bag
• Double Blood Bag
• Triple Blood Bag
• Others

End-use Outlook (Revenue, USD Billion; 2018-2028)

• Hospitals
• Clinics
• Ambulatory Surgical Center
• Blood Banks
• Others

Region Outlook (Revenue, USD Billion; 2018-2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Benelux
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East Africa

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