United States Blood Bags and Accessories Market was valued at USD 0.95 Billion in 2022 and is projected to reach USD 1.48 Billion by 2030, growing at a CAGR of 5.80% from 2024 to 2030.
The US Blood Bags and Accessories Market is witnessing significant growth, driven by increasing demand for blood transfusions, rising healthcare awareness, and advancements in medical technologies. The market encompasses a wide range of blood storage solutions, including blood bags, tubes, blood collection sets, and accessories used in hospitals, blood banks, and clinics. According to recent market trends, the expansion of healthcare infrastructure and the growing number of surgeries performed annually have spurred the demand for efficient blood storage and transfusion solutions. Additionally, the rising prevalence of chronic diseases such as cancer and anemia has further contributed to the market's positive outlook.
One of the key factors propelling the market is the rising number of blood donations, which calls for the development of better blood bag technology. The introduction of advanced blood bags with high-quality materials and additives that extend the shelf life of blood has significantly improved the blood storage process. Blood bags with specialized features, such as anti-coagulation properties and lightweight designs, are increasingly in demand. The shift towards automation in blood transfusion processes, including blood bag sealing and labeling, is another trend contributing to market growth.
As of recent years, the market has also been impacted by the growing awareness surrounding the importance of safe blood transfusions, resulting in greater investments in blood bag production facilities. Manufacturers are increasingly focused on meeting regulatory requirements and quality standards set by bodies like the FDA to ensure safety and efficacy. Furthermore, innovations in blood bag accessories such as blood filters, collection sets, and safety devices have enhanced the overall safety of blood transfusion procedures, thereby increasing consumer confidence.
The demand for blood bags and accessories is expected to remain robust in the coming years. Hospitals and clinics across the US continue to emphasize the importance of efficient, safe, and cost-effective blood storage solutions. The rise of 100 Gigabit Fiber Optic Transceiver Market technology also plays a role in improving connectivity and data management, which indirectly impacts healthcare systems and the monitoring of blood bag usage. With healthcare facilities investing in digital monitoring systems, there is a growing need for blood bag accessories that integrate seamlessly with these advanced solutions.
Ongoing research in the development of new blood storage technologies, along with government initiatives supporting blood donation programs, is expected to provide further momentum for the market. Additionally, global players in the healthcare industry are increasingly entering the US market to capitalize on the growth opportunities, introducing innovative blood bags and accessories designed to meet the evolving needs of healthcare providers.
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 US 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 US 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. US Blood Bags and Accessories Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Blood Bags and Accessories Market, By Type
6. US Blood Bags and Accessories Market, By Application
7. US Blood Bags and Accessories Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Blood Bags and Accessories Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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