Increasing prevalence of blood disorders and growing aging population drive the Disposable Plastic Blood Bag market escalating with high growth rate. Rising initiatives undertaken by government associations to boost awareness about blood donations and advanced features of disposable plastic blood bags are also supporting to the growth of this market.

According to research, the global disposable plastic blood bag market size accounted for $328 million in 2016, and it is expected to grow with a CAGR of 8.67% over 2016-2020.

On the basis of geography, North America is expected to maintain its dominance in the global disposable plastic blood bag market during 2015 – 2020. This is due to growing R&D activities in the blood transfusion technique and increasing prevalence of blood disorders in the region. Europe is expected to witness marginal growth in this market in near future. However, the Asian region is expected to witness the highest growth globally during the forecast period. This is mainly due to growing aging population, increasing prevalence of blood disorders, and initiatives taken by government to improve condition of patients suffering from blood disorders.

In innovation perspective, increasing usage of radiofrequency identification (RFID) technology in blood bags are some of the major trends observed in the market.

The key companies operating in the global disposable plastic Blood bag market include Haemonetics Corporation, JMS Co., Ltd., Kawasumi Laboratories, Inc., Grifols International S.A., AdvaCare Pharma, Fresenius SE & Co. KGaA, Terumo Corporation, Macopharma, Genesis BPS, SURU International Pvt. Ltd., Shanghai Transfusion Technology Co., Ltd., Nigale Biomedical Inc. of Sichuan Province Corporation (Nigale), Neomedic Limited, and Shandong Weigao Group Medical Polymer Company Limited.


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Joanna | Executive – International Business and partner Relations
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