Disposable Plastic Blood Bags Industry Leading Players, Growth and Forecast Report, 2030

NEW YORK - March 23, 2023 - PRLog -- The global disposable plastic blood bags market was valued at $310.5 million in 2021, and this number is expected to reach $530.0 million by 2030, advancing at a CAGR of 6.1% during 2022–2030, as per P&S Intelligence. Apart from blood, they aid in the separation WBCs, RBCs, plasma, cryoprecipitate, and platelets to cure several illnesses, these major factors are contributing to the growing sales of these bags globally.

This growth can be ascribed to the increasing chronic illness frequency and growing elderly population. Moreover, several government initiatives to encourage people to blood donation and use radio frequency identification are supporting worldwide expansion. Moreover, numerous opportunities are coming out of Asian countries, like China and India, which are encouraging the utilization of such bags for storing and collecting blood.

The existence of a huge number of contributors is making strong competition in the industry. regional and international retailers have a broad geographical footprint and product usage, and they are gradually focusing on expanding their user base and product offerings. Equally, the vast untapped industry potential in developing countries, including India and China, is expected to offer participants with fascinating opportunities. This is allied to the availability of affordable medical treatments for a variety of diseases in these.

In 2021, single disposable plastic blood bags (https://www.psmarketresearch.com/market-analysis/disposab...) generated the largest revenue share. This can be credited to the surge in the volume of transfusion methods, increasing in the occurrence of several hematologic diseases, and the growth in trauma and accident cases.

Hence, the increasing chronic illness frequency and growing elderly population, several government initiatives to encourage people to blood donation and aid in the separation WBCs, RBCs, plasma, cryoprecipitate, and platelets to cure several illnesses, are major factors that are driving the market growth.