+ 1 888 391 5441

Global Disposable Plastic Blood Bags Market To Be Led By Single Blood Bags

Date:01-12-2016

The overall market for disposable plastic blood bags is experiencing a significant makeover, thanks to the increasing occurrence of chronic diseases and the upsurge in the global geriatric pool. The global disposable plastic blood bags market was valued at US$ 2, 44,286.8 thousand in 2014 and is projected to reach US$ 4, 13,084.8 thousand in 2020, growing at a CAGR of 9.1%. Amongst the various single, double, triple, and quadruplet bags available in the market, the call for single blood bags is higher than others. The situation is expected to stay very much unaffected in the coming few years.


Internationally, the market for disposable plastic bags of blood is to witness considerable market growth owing to growing occurrence of lifestyle and chronic diseases, growing rising population of the aging and cutting-edge features of these kinds of blood bags. A number of government establishments are taking initiatives to educate people in terms of the importance of blood donations. This factor, consequently, is driving the growth of this market extraordinarily. Apart from this, the growing practice of RFID technology on disposable plastic blood bags for speedy and hassle-free identification is also assisting the market’s growth substantially across the world.


Intensifying demand for blood-derived products and growing cases of blood-related disorders such as leukaemia, haemophilia, etc. are estimated to boost the global disposable plastic blood bags market in the next few years. Furthermore, swelling tender acquiring undertakings in developed economies, launch of technically innovative blood collection products, accessibility of personalized blood bags with tracking systems, etc. are aspects predictable to drive growth of the global disposable plastic blood bags market. Key companies in the global disposable plastic blood bags market are concentrating on collaborations and alliances with distributors as well as bodies such as hospitals, blood banks etc. to drive profits and increase market infiltration.


Nevertheless, certain factors like less awareness, less blood collection, risks related with transfusion of blood, and poor set-up of blood storing throughout the world are hindering the market growth for disposable plastic bags of blood. Also, absence of infrastructure linked with primary healthcare in few developing nations has adverse effect on the market growth for disposable plastic bags of blood. 


North America has the biggest market for the global disposable plastic blood bags. This is owing to the amplified incidence of blood ailments in the region. The North American market for disposable plastic blood bags was estimated at US$ 83,670.7 thousand in 2014 and is projected to reach US$ 1,42,983.2 thousand in 2020, growing at a CAGR of 9.3%. Asia is the firmest growing region owing to a large population pool in the region.


Read more on Life Sciences on:


http://www.chinamarketresearchreports.com/cat/life-sciences.html


 

Why http://www.chinamarketresearchreports.com
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy