Blood Bags and Accessories Market size was valued at USD 3.5 Billion in 2024 and is forecasted to grow at a CAGR of 6% from 2026 to 2033, reaching USD 5.8 Billion by 2033.
The global blood bags and accessories market was valued at approximately USD 2.5 billion in 2022 and is expected to grow at a CAGR of 6.8% from 2023 to 2030. The demand for blood bags and accessories is driven by the increasing number of surgeries, trauma cases, and the growing need for blood donations worldwide. The markets growth is also supported by advancements in blood storage technology, along with the expanding healthcare infrastructure in emerging economies. The Asia Pacific region holds the largest market share, accounting for 35% of the global revenue, followed by North America with a market share of around 30%. Europe is expected to witness steady growth due to increased healthcare spending and an aging population that requires more blood transfusions.
Regional trends indicate varied growth dynamics. North America is anticipated to experience robust growth due to an aging population and rising demand for blood transfusion products. The European market also exhibits steady demand, particularly in countries with high healthcare budgets. On the other hand, the Asia Pacific region is projected to have the highest growth rate, primarily driven by rapid urbanization, improving healthcare facilities, and growing awareness regarding blood donation programs. Latin America and the Middle East & Africa are also showing gradual market expansion with increasing healthcare investments. The blood bags and accessories market in these regions is forecasted to witness a compound annual growth rate (CAGR) of 7.5% and 6.0%, respectively, through the forecast period.
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Terumo Corporation
JMS
Fresenius
Grifols SA
Neomedic
Teleflex Incorporated
HLL Lifecare
Poly Medicure
AdvaCare Pharma
Maco Pharma International
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Blood Bags and Accessories Market
Whole Blood Bags
Plasma Bags
Platelet Bags
Red Blood Cell Bags
Plastic Bags
Polyvinyl Chloride (PVC) Bags
Polyethylene Bags
Blood Transfusion
Blood Donation
Emergency Medical Services
Blood Bag Connectors
Needles and Blood Collection Tubes
Blood Filters
Storage and Transport Containers
Hospitals
Blood Banks
Clinics
Emergency Medical Centers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Blood Bags and Accessories Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Blood Bags and Accessories Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blood Bags and Accessories Market, By Type
6. Global Blood Bags and Accessories Market, By Application
7. Global Blood Bags and Accessories Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Blood Bags and Accessories Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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