Blood Bags Market by Type, Material, Usability, End-Use - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

List of Tables

The Global Blood Bags Market is forecasted to grow significantly, with a projected USD 526.17 million in 2023 at a CAGR of 6.82% and expected to reach a staggering USD 836.09 million by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Blood Bags Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Blood Bags Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Double, Quadruple, Single, and Triple. The Single commanded largest market share of 32.12% in 2022, followed by Double.

Based on Material, market is studied across Polyethylene Terephthalate, Polyolefins, and Polyvinyl Chloride. The Polyvinyl Chloride commanded largest market share of 42.12% in 2022, followed by Polyethylene Terephthalate.

Based on Usability, market is studied across Collection Bag and Transfer Bag. The Transfer Bag commanded largest market share of 62.67% in 2022, followed by Collection Bag.

Based on End-Use, market is studied across Blood Banks and Hospital. The Blood Banks commanded largest market share of 67.88% in 2022, followed by Hospital.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 42.12% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Blood Bags Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Blood Bags Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Blood Bags Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Blood Bags Market?

4. What is the competitive strategic window for opportunities in the Global Blood Bags Market?

5. What are the technology trends and regulatory frameworks in the Global Blood Bags Market?

6. What is the market share of the leading vendors in the Global Blood Bags Market?

7. What modes and strategic moves are considered suitable for entering the Global Blood Bags Market?

Product Code: MRR-437D459580A4

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Blood Bags Market, by Type, 2022 vs 2030
4.3. Blood Bags Market, by Material, 2022 vs 2030
4.4. Blood Bags Market, by Usability, 2022 vs 2030
4.5. Blood Bags Market, by End-Use, 2022 vs 2030
4.6. Blood Bags Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing number of road accidents and trauma cases creating need for blood
  - 5.1.1.2. Government initiatives encouraging blood donations and rising need for safe blood storage and transportation services
- 5.1.2. Restraints
  - 5.1.2.1. Harmful waste produced due to usage of blood bags along with adverse impact of PVC material
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in the blood bags field
  - 5.1.3.2. Increasing number of blood banks globally
- 5.1.4. Challenges
  - 5.1.4.1. Managing the blood safety during transfusion and complex requirement of maintaining precise blood bag temperature
5.2. Market Trends
- 5.2.1. Well-established regulatory standards for blood bags in the Americas
- 5.2.2. Surge in blood donation activities and significant presence of blood bag manufacturers in the APAC region
- 5.2.3. Ongoing product developments and encouraging blood donation initiatives expand the market growth in the EMEA region
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Blood Bags Market, by Type

6.1. Introduction
6.2. Double
6.3. Quadruple
6.4. Single
6.5. Triple

7. Blood Bags Market, by Material

7.1. Introduction
7.2. Polyethylene Terephthalate
7.3. Polyolefins
7.4. Polyvinyl Chloride

8. Blood Bags Market, by Usability

8.1. Introduction
8.2. Collection Bag
8.3. Transfer Bag

9. Blood Bags Market, by End-Use

9.1. Introduction
9.2. Blood Banks
9.3. Hospital

10. Americas Blood Bags Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Blood Bags Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Blood Bags Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Agreement, Collaboration, & Partnership
  - 13.3.1.1. Maco Medlab: Joint-Venture of 2 blood transfusion players
  - 13.3.1.2. U.S. Gov awards USD 10.6 Million Freeze-Dried Plasma Contract to Terumo
- 13.3.2. New Product Launch & Enhancement
  - 13.3.2.1. BetaLife to Showcase Its AI Powered Health Tech Solution for Advancing Health Equity at GITEX AFRICA 2023 The Largest Tech Event
  - 13.3.2.2. Trial Run of Blood Bag Delivery under the iDrone Initiative of ICMR successfully conducted
  - 13.3.2.3. DBT Institute Develops Novel Bags To Increase Shelf Life Of Blood
- 13.3.3. Investment & Funding
  - 13.3.3.1. For Start-Ups, Industry, Kerala Doubles Financial Assistance to INR 10 Million
  - 13.3.3.2. NBSC Calls for Investment in Blood Bank

14. List of Company Mentioned

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing