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Disposable Blood Bag Market Scope and overview, To Witness Renewed Growth Amid the Global COVID-19 | Progressing at a CAGR of 11% During The Forecast Period

Disposable blood bag can be defined as a sterile, clear, and plastic bag used for transfer, storage, collection, and transfusion of blood and its components. The disposable blood bag consists of multiple bag interconnected with the help of tubes, clamps, needles, and needle cover. The blood bag are manufactured from bio compatible PVC materials and additives to preserve blood and its components till transfusion or further use.

The global disposable blood bag market was valued at $279 million in 2020, and is estimated to reach at $580 million by 2026, registering a CAGR of 11% from 2021 to 2026. The volume of disposable blood bag market was 275 million units in 2016 and expected to reach by 556 million units by 2013, registering a CAGR of 10.5%.

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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

Rise in surgical procedures and surge in number of trauma and accidents around the globe drive the market. Moreover, surge in incidences of various diseases is expected to boost the market growth. However, risks related to blood transfusion and low number of blood donations in underdeveloped regions impede the growth of the disposable blood bag market.

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The disposable blood bag market is segmented based on product type, end user, and geography. Based on product type, it is divided into collection bag and transfer bag. By end user, the market is categorized into hospital based and standalone. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY MARKET BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global disposable blood bag market and the current trends and future estimations to elucidate the imminent investment pockets.
It presents a quantitative analysis of the market from 2016 to 2023 to enable stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the market based on end user assists to understand the trends in the industry.
Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

KEY MARKET SEGMENTS

By Product Type
Collection Bag
Transfer Bag

By End User

Hospital-based
Stand-alone

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By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Saudi Arabia
South Africa
Rest of LAMEA

KEY PLAYERS PROFILED IN THE REPORT

Fresenius SE & Co. KGaA
Terumo Corporation
Grifols, S.A
MacoPharma S.A
HLL Lifecare Limited
Poly Medicure Limited
INNVOL Medical India Limited
Span Healthcare Private Limited
Haemonetics Corporation
Neomedic International

The other players in the value chain include (profiles not included in the report)

SURU International
Halyard Health
Advacare Pharma
Velico Medical, Inc.
Megacare International Inc

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What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.

Reports on the market include the growth rates of each region, which includes their countries, over the coming years.

How are the key players in the market assessed?

This report provides a comprehensive analysis of leading competitors in the market.

The report includes information about the key vendors in the market.

The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.

The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.

A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

Following are the questions answered by the Market report:

What are the goals of the report?

This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market’s growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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Updated : 2022-01-23 23:54 GMT+08:00

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