PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566022
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566022
India Blood Bag Market, By Type; By Product; By Volume; By Material; By End User; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Blood Bag Market Size to Surpass USD 72.93 Billion by 2030
India Blood Bag Market is flourishing due to the rising awareness of blood donation, combined with a burgeoning healthcare infrastructure and increasing surgical procedures
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Blood Bag Market size by value at USD 51.82 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Blood Bag Market size to expand at a CAGR of 5.23% reaching a value of USD 72.93 billion by 2030. The Blood Bag Market in India is propelled by the rising chronic disease rates, an uptick in surgical procedures, and government initiatives to bolster healthcare infrastructure are key drivers. Innovations in materials science, like advanced polymers and biocompatible materials, enhance blood bag durability and flexibility, ensuring optimal blood preservation. Improved designs, incorporating features such as integrated filters and ergonomic handles, boost functionality. Technological advancements in storage, including automated temperature monitoring and cryopreservation techniques, are expanding the horizons of transfusion therapies. Moreover, automated barcode and RFID systems streamline traceability, safety, and inventory management, ensuring regulatory compliance and product integrity.
Opportunities - Expanding Rural Healthcare
Expanding Rural Healthcare is a significant driver for the growth of the India Blood Bag Market. Government initiatives aimed at enhancing healthcare accessibility in underserved rural areas are set to increase the establishment of blood banks and transfusion centers. This expansion will inevitably boost the demand for reliable blood storage and transport solutions, including advanced blood bags. As healthcare infrastructure grows in rural regions, the need for effective and efficient blood bag technologies to support increased blood collection, storage, and transfusion will become more pronounced. Thus, the expansion of rural healthcare infrastructure is expected to significantly stimulate market growth for blood bags in India.
North India is at the Forefront of India Blood Bag Market
North India, with its dense population and robust healthcare infrastructure, is a thriving market for blood bags. States like Uttar Pradesh, Punjab, Haryana, and Delhi, along with major cities such as Delhi, Chandigarh, and Lucknow, serve as key healthcare hubs. The region's rapid urbanization and economic growth have fueled healthcare spending and access, driving demand for blood bags. The expansion of private hospitals and multi-specialty clinics, coupled with government initiatives like the National Health Mission, has further solidified North India's position. Moreover, the presence of leading medical institutions fosters innovation and the adoption of advanced blood bag technologies, contributing to the region's market growth.
Impact of Escalating Geopolitical Tensions on India Blood Bag Market
India Blood Bag Market may face significant challenges from intensifying geopolitical tensions across the world. Shortages of raw materials, coupled with import-export limitations, can lead to increased costs and reduced availability. During crises, heightened demand for blood products can strain healthcare systems, further exacerbating challenges in supply and distribution. These factors collectively hinder market growth, as manufacturers and healthcare providers grapple with logistical and financial hurdles in maintaining adequate blood bag stocks amidst geopolitical uncertainty
Competitive Landscape
India Blood Bag Market is fragmented, with numerous players serving the market. The key players dominating India Blood Bag Market include Terumo Penpol Pvt. Ltd., Mitra Industries Pvt. Ltd., Poly Medicure Ltd., HLL Lifecare Ltd., BL Lifesciences Pvt. Ltd., Innvol Medical India Limited, Imperial Biotech Private Limited, Fresenius Kabi India Private Limited, Advin Health Care, and Sai Kripa Enterprises. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Blood Bag Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Blood Bag Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Blood Bag Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Healthcare Infrastructure
- 3.2.1.2. Rising Awareness of Blood Donation
- 3.2.1.3. Growing Surgical Procedures
- 3.2.2. Restraints
- 3.2.2.1. Lack of Infrastructure in Rural Areas
- 3.2.2.2. Religious and Cultural Taboos
- 3.2.2.3. Economic Challenges
- 3.2.3. Opportunities
- 3.2.3.1. Expanding Rural Healthcare
- 3.2.3.2. Public-Private Partnerships
- 3.2.3.3. Export Potential
- 3.2.4. Challenges
- 3.2.4.1. Blood Safety Concerns
- 3.2.4.2. Supply Chain Management
- 3.2.4.3. Cost Pressure
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Blood Bag Market: Marketing Strategies
5. India Blood Bag Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Collection Bag
- 5.2.1.2. Transfer Bag
- 5.2.2. By Product
- 5.2.2.1. Single Blood Bag
- 5.2.2.2. Triple Blood Bag
- 5.2.2.3. Double Blood Bag
- 5.2.2.4. Quadruple Blood Bag
- 5.2.2.5. Penta Blood Bag
- 5.2.3. By Volume
- 5.2.3.1. 450ml
- 5.2.3.2. 350ml
- 5.2.3.3. 150ml
- 5.2.3.4. 100ml
- 5.2.3.5. 250ml
- 5.2.3.6. Others
- 5.2.4. By Material
- 5.2.4.1. PVC
- 5.2.4.2. PET
- 5.2.4.3. Others
- 5.2.5. By End User
- 5.2.5.1. Hospitals and Clinics
- 5.2.5.2. Blood Banks
- 5.2.5.3. Ambulatory Surgical Centers
- 5.2.5.4. Others
- 5.2.6. By Region
- 5.2.6.1. North India
- 5.2.6.2. South India
- 5.2.6.3. East India
- 5.2.6.4. West India
- 5.2.1. By Type
6. North India Blood Bag Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Product
- 6.2.3. By Volume
- 6.2.4. By Material
- 6.2.5. By End User
7. South India Blood Bag Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Product
- 7.2.3. By Volume
- 7.2.4. By Material
- 7.2.5. By End User
8. East India Blood Bag Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Product
- 8.2.3. By Volume
- 8.2.4. By Material
- 8.2.5. By End User
9. West India Blood Bag Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Product
- 9.2.3. By Volume
- 9.2.4. By Material
- 9.2.5. By End User
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. India Blood Bag Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tensions on India Blood Bag Market
12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 12.1. Terumo Penpol Pvt. Ltd.
- 12.2. Mitra Industries Pvt. Ltd.
- 12.3. Poly Medicure Ltd.
- 12.4. HLL Lifecare Ltd.
- 12.5. BL Lifesciences Pvt Ltd.
- 12.6. Innvol Medical India Limited
- 12.7. Imperial Biotech Private Limited
- 12.8. Fresenius Kabi India Private Limited
- 12.9. Advin Health Care
- 12.10. Sai Kripa Enterprises
- 12.11. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Blood Bag Segmentation
- Figure 2 India Blood Bag Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Blood Bag Market Share, By Type, By Value, 2019-2030
- Figure 6 India Blood Bag Market Share, By Product, By Value, 2019-2030
- Figure 7 India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Figure 8 India Blood Bag Market Share, By Material, By Value, 2019-2030
- Figure 9 India Blood Bag Market Share, By End User, By Value, 2019-2030
- Figure 10 North India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Figure 11 North India Blood Bag Market Share, By Type , By Value, 2019-2030
- Figure 12 North India Blood Bag Market Share, By Product, By Value, 2019-2030
- Figure 13 North India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Figure 14 North India Blood Bag Market Share, By Material, By Value, 2019-2030
- Figure 15 North India Blood Bag Market Share, By End User, By Value, 2019-2030
- Figure 16 South India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Figure 17 South India Blood Bag Market Share, By Type , By Value, 2019-2030
- Figure 18 South India Blood Bag Market Share, By Product, By Value, 2019-2030
- Figure 19 South India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Figure 20 South India Blood Bag Market Share, By Material, By Value, 2019-2030
- Figure 21 South India Blood Bag Market Share, By End User, By Value, 2019-2030
- Figure 22 East India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Figure 23 East India Blood Bag Market Share, By Type , By Value, 2019-2030
- Figure 24 East India Blood Bag Market Share, By Product, By Value, 2019-2030
- Figure 25 East India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Figure 26 East India Blood Bag Market Share, By Material, By Value, 2019-2030
- Figure 27 East India Blood Bag Market Share, By End User, By Value, 2019-2030
- Figure 28 West India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Figure 29 West India Blood Bag Market Share, By Type , By Value, 2019-2030
- Figure 30 West India Blood Bag Market Share, By Product, By Value, 2019-2030
- Figure 31 West India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Figure 32 West India Blood Bag Market Share, By Material, By Value, 2019-2030
- Figure 33 West India Blood Bag Market Share, By End User, By Value, 2019-2030
List of Tables
- Table 1 India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Blood Bag Market Share, By Type, By Value, 2019-2030
- Table 3 India Blood Bag Market Share, By Product, By Value, 2019-2030
- Table 4 India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Table 5 India Blood Bag Market Share, By Material, By Value, 2019-2030
- Table 6 India Blood Bag Market Share, By End User, By Value, 2019-2030
- Table 7 North India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Table 8 North India Blood Bag Market Share, By Type , By Value, 2019-2030
- Table 9 North India Blood Bag Market Share, By Product, By Value, 2019-2030
- Table 10 North India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Table 11 North India Blood Bag Market Share, By Material, By Value, 2019-2030
- Table 12 North India Blood Bag Market Share, By End User, By Value, 2019-2030
- Table 13 South India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Table 14 South India Blood Bag Market Share, By Type , By Value, 2019-2030
- Table 15 South India Blood Bag Market Share, By Product, By Value, 2019-2030
- Table 16 South India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Table 17 South India Blood Bag Market Share, By Material, By Value, 2019-2030
- Table 18 South India Blood Bag Market Share, By End User, By Value, 2019-2030
- Table 19 East India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Table 20 East India Blood Bag Market Share, By Type , By Value, 2019-2030
- Table 21 East India Blood Bag Market Share, By Product, By Value, 2019-2030
- Table 22 East India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Table 23 East India Blood Bag Market Share, By Material, By Value, 2019-2030
- Table 24 East India Blood Bag Market Share, By End User, By Value, 2019-2030
- Table 25 West India Blood Bag Market Size, By Value (USD Billion), 2019-2030
- Table 26 West India Blood Bag Market Share, By Type , By Value, 2019-2030
- Table 27 West India Blood Bag Market Share, By Product, By Value, 2019-2030
- Table 28 West India Blood Bag Market Share, By Volume, By Value, 2019-2030
- Table 29 West India Blood Bag Market Share, By Material, By Value, 2019-2030
- Table 30 West India Blood Bag Market Share, By End User, By Value, 2019-2030
- Table 31 Terumo Penpol Pvt. Ltd. Company Overview
- Table 32 Terumo Penpol Pvt. Ltd. Financial Overview
- Table 33 Mitra Industries Pvt. Ltd. Company Overview
- Table 34 Mitra Industries Pvt. Ltd. Financial Overview
- Table 35 Poly Medicure Ltd. Company Overview
- Table 36 Poly Medicure Ltd. Financial Overview
- Table 37 HLL Lifecare Ltd. Company Overview
- Table 38 HLL Lifecare Ltd. Financial Overview
- Table 39 BL Lifesciences Pvt Ltd. Company Overview
- Table 40 BL Lifesciences Pvt Ltd. Financial Overview
- Table 41 Innvol Medical India Limited Company Overview
- Table 42 Innvol Medical India Limited Financial Overview
- Table 43 Imperial Biotech Private Limited Company Overview
- Table 44 Imperial Biotech Private Limited Financial Overview
- Table 45 Fresenius Kabi India Private Limited Company Overview
- Table 46 Fresenius Kabi India Private Limited Financial Overview
- Table 47 Advin Health Care Company Overview
- Table 48 Advin Health Care Financial Overview
- Table 49 Sai Kripa Enterprises Company Overview
- Table 50 Sai Kripa Enterprises Financial Overview
- Table 51 Other Prominent Players Company Overview
- Table 52 Other Prominent Players Financial Overview
