Blood bags market, forecast and opportunities, 2025 - Techsci Research Report

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©TechSciResearch
GLOBAL BLOOD BAGS MARKET
BY PRODUCT, BY TYPE, BY VOLUME,
BY MATERIAL, BY END USER, BY REGION,
COMPETITION, FORECAST AND OPPORTUNITIES
2015 – 2025
PUBLISHED: MAY 2020
M A R K E T I N T E L L I G E N C E . C O N S U L T I N G www.techsciresearch.com

©TechSciResearch
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Table of Contents
S. No. Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Blood Bags Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1.
By Product (Single Blood Bag, Double Blood Bag, Triple Blood Bag, Quadruple
Blood Bag, Penta Blood Bag)
5.2.2. By Type (Collection Bag, Transfer Bag)
5.2.3. By Volume (100ml, 150ml, 250ml, 300ml, 350ml, 400ml, 450ml, 500ml)
5.2.4. By Material (PVC, PET, Others)
5.2.5
By End-User (Hospitals, Clinics, Ambulatory Surgical Center, blood banks,
Others)
5.2.6.
By Region (Asia-Pacific, Europe, North America, South America, Middle East &
Africa)
5.2.7. By Company (2019)
5.3. Market Attractiveness Index
6. Asia-Pacific Blood Bags Market Outlook

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Table of Contents
S. No. Contents
6.2.1. By Product
6.2.2. By Type
6.2.3. By Volume
6.2.4 By Material
6.2.5. By End-User
6.2.6. By Country (China, India, Japan, South Korea, Singapore, Australia)
6.3. Asia-Pacific: Country Analysis
6.4. China Blood Bags Market Outlook
6.4.1. Market Size & Forecast
6.4.1.1. By Value
6.4.2. Market Share & Forecast
6.4.2.1. By Product
6.4.2.2. By Type
6.4.2.3. By Volume

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Table of Contents
S. No. Contents
6.4.2.4. By Material
6.4.2.5. By End-User
6.5. India Blood Bags Market Outlook
6.5.1.1. By Value
6.5.2.1. By Product
6.5.2.2. By Type
6.5.2.3. By Volume
6.6. Japan Blood Bags Market Outlook
6.6.1.1. By Value
6.6.2.1. By Product
6.6.2.2. By Type
6.6.2.3. By Volume

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Table of Contents
S. No. Contents
6.7. South Korea Blood Bags Market Outlook
6.7.1.1. By Value
6.7.2.1. By Product
6.7.2.2. By Type
6.7.2.3. By Volume
6.8. Australia Blood Bags Market Outlook
6.8.1.1. By Value
6.8.2.1. By Product
6.8.2.2. By Type
6.8.2.3. By Volume

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Table of Contents
S. No. Contents
6.9. Singapore Blood Bags Market Outlook
6.9.1.1. By Value
6.9.2.1. By Product
6.9.2.2. By Type
6.9.2.3. By Volume
7. Europe Blood Bags Market Outlook
7.2.1. By Product
7.2.2. By Type
7.2.3. By Volume

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Table of Contents
S. No. Contents
7.2.4 By Material
7.2.5. By End-User
7.2.6. By Country (United Kingdom, Italy, France, Germany, Spain)
7.3. Europe: Country Analysis
7.4. Germany Blood Bags Market Outlook
7.4.1.1. By Value
7.4.2.1. By Product
7.4.2.2. By Type
7.4.2.3. By Volume
7.5. France Blood Bags Market Outlook
7.5.1.1. By Value

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Table of Contents
S. No. Contents
7.5.2.1. By Product
7.5.2.2. By Type
7.5.2.3. By Volume
7.6. Italy Blood Bags Market Outlook
7.6.1.1. By Value
7.6.2.1. By Product
7.6.2.2. By Type
7.6.2.3. By Volume
7.7. Spain Blood Bags Market Outlook
7.7.1.1 By Value

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Table of Contents
S. No. Contents
7.7.2.1. By Product
7.7.2.2. By Type
7.7.2.3. By Volume
7.8. Russia Blood Bags Market Outlook
7.8.1.1. By Value
7.8.2.1. By Product
7.8.2.2. By Type
7.8.2.3. By Volume
7.9 United Kingdom Blood Bags Market Outlook
7.9.1 Market Size & Forecast
7.9.1.1 By Value
7.9.2 Market Share & Forecast

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Table of Contents
S. No. Contents
7.9.2.1. By Product
7.9.2.2. By Type
7.9.2.3. By Volume
8. North America Blood Bags Market Outlook
8.2.1. By Product
8.2.2. By Type
8.2.3. By Volume
8.2.4 By Material
8.2.5. By End-User
8.2.6. By Country (United States, Mexico, Canada)
8.3. United States Blood Bags Market Outlook
8.3.1.1. By Value

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Table of Contents
S. No. Contents
8.3.2.1. By Product
8.3.2.2. By Type
8.3.2.3. By Volume
8.4. Canada Blood Bags Market Outlook
8.4.1.1. By Value
8.4.2.1. By Product
8.4.2.2. By Type
8.4.2.3. By Volume
8.5. Mexico Blood Bags Market Outlook
8.5.1.1. By Value
8.5.2.1. By Product

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Table of Contents
S. No. Contents
8.5.2.2. By Type
8.5.2.3. By Volume
9. Middle East & Africa Blood Bags Market Outlook
9.2.1. By Product
9.2.2. By Type
9.2.3. By Volume
9.2.4 By Material
9.2.5. By End-User
9.2.6. By Country (South Africa, Saudi Arabia, UAE, Kuwait)
9.3. South Africa Blood Bags Market Outlook
9.3.1.1. By Value

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Table of Contents
S. No. Contents
9.3.2.1. By Product
9.3.2.2. By Type
9.3.2.3. By Volume
9.4. Saudi Arabia Blood Bags Market Outlook
9.4.1.1. By Value
9.4.2.1. By Product
9.4.2.2. By Type
9.4.2.3. By Volume
9.5. UAE Blood Bags Market Outlook
9.5.1.1. By Value

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Table of Contents
S. No. Contents
9.5.2.1. By Product
9.5.2.2. By Type
9.5.2.3. By Volume
9.6. Kuwait Blood Bags Market Outlook
9.6.1.1. By Value
9.6.2.1. By Product
9.6.2.2. By Type
9.6.2.3. By Volume
9.6.2.5. By End User
10. South America Blood Bags Market Outlook
10.2.1. By Product
10.2.2. By Type

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S. No. Contents
10.2.3. By Volume
10.2.4 By Material
10.2.5. By End-User
10.2.6. By Country (Brazil; Argentina; Colombia)
10.3. Brazil Blood Bags Market Outlook
10.3.1.1. By Value
10.3.2.1. By Product
10.3.2.2. By Type
10.3.2.3. By Volume
10.4. Argentina Blood Bags Market Outlook
10.4.1.1. By Value
10.4.2.2. By Type

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Table of Contents
S. No. Contents
10.4.2.3. By Volume
10.5. Colombia Blood Bags Market Outlook
10.5.1.1. By Value
10.5.2.2. By Type
10.5.2.3. By Volume
11. Market Dynamics
11.1 Drivers
11.2 Challenges
12. Market Trends & Developments
13. Competitive Landscape (Top Global Leaders)
13.1. Terumo BCT Inc.
13.2. Fresenius Kabi
13.3. Maco Pharma International GmbH
13.4. Grifols, S.A.
13.5. Teleflex Incorporated
13.5. Haemonetics Corporation

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Table of Contents
S.
No.
Contents
13.7. Neomedic Limited
13.8. Qingdao Sinoland International Trade Co., Ltd
13.9 Biolife Medical Pvt. Ltd.
13.10. JMS Co. Ltd
13.11. Troge Medical GmbH
13.12. Demophorius Healthcare
13.13 HLL Lifecare Limited
13.14. Poly Medicure Limited
13.15. Kawasumi Laboratories, Inc
14. Strategic Recommendations
15. About Us and Disclaimer

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©TechSciResearch
Product Overview

19© TechSci Research
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©TechSciResearch
Product Overview
Base Year
2019
Estimated Year
2020
Forecast Period
2021-2025
Year Range
Blood bags are transparent small pouches made from PVC/PET to collect, transport and store blood and its components. Blood bags
help in storage of blood and its components by preventing the blood from coagulation and contamination. Blood bags aid in providing
aseptic condition for separation of blood and its components. The global blood bags market is currently undergoing rapid growth and
is expected to grow at a formidable pace during the forecast period. The global blood bags market is driven by increasing prevalence
of the blood related diseases, and hence, the requirement for blood transfusion.
Blood Bags Market
Market Segmentation
By Product
• Single Bag
• Double Bag
• Triple Bag
• Quadruple Bag
• Penta Bag
END USER
• Hospitals
• Blood Banks
• ASCs
• Others
TYPE
• Collection
• Transfer
By Material
• PVC
• PET
• Others
By Volume
• 100 ml
• 150 ml
• 250 ml
• 300 ml
• 350 ml
• 400 ml
• 450 ml
• 500 ml

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©TechSciResearch
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global blood bags
market, overall market size
and segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global blood bags
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Bodies,
Associations, etc.
Secondary
Research
Primary Research

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©TechSciResearch
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global blood bags market. The team has
market, while considering the major influencing factors such as growing number of healthcare centres including blood banks and rise
and storage of blood, among others. The study includes market forecasting, which would enable our clients to take better decisions
in the global blood bags market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2019 was calculated based on information
collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as blood
influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 25 – 30 blood bag manufacturers, 100 – 120 end users, 20 – 25 industry experts and other value
to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into
arrive at the market size data during 2015-2019.

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©TechSciResearch
• Respondents were asked about the current and future market growth rates, market shares by product, by type, by volume, by material, by End-User, by region, and by company.
Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the
final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by product, by type, by volume, by material, by End-User, by each region, and by company were calculated based on the responses received through primary surveys
with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of blood bags markets. The final shares were
calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on the data collected through surveys with logical checks and analyzed the results in SPSS/Tableau Software. The currency used in
the report is United States Dollar (USD) and all market size numbers are indicated in USD million.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global blood bags market, TechSci Research used
various forecast techniques such as:
 Moving Average
 Regression Analysis
 Econometric and Judgmental Analysis

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©TechSciResearch
TechSci Research used its own forecast model, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during
short, medium and long term period to estimate the demand and arrive at accurate market numbers. It should be noted that the figures compiled are only for the organized market
including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
 Terumo BCT Inc.
 Maco Pharma International GmbH
 Fresenius Kabi
 Grifols, S.A.
 Teleflex Incorporated
 Haemonetics Corporation
 Qingdao Sinoland International Trade Co., Ltd
 Mitra Industries Pvt. Ltd.
 Suru International Private Ltd.
 HLL Lifecare Limited
 JMS Co. Ltd.
 Demophorius Healthcare Ltd
 Kawasumi Laboratories, Inc.
 Poly Medicure Ltd.
 Innvol Medical India Limited
 Neomedic Limited
 AdvaCare Pharma
 Troge Medical GmbH
• International Monetary Fund
 World Bank
 TechSci Research Proprietary Database & Knowledge
Repository
 Company Annual Reports
 Industry Magazines
 Industry Reports
 Credible Paid Databases
 News Dailies
 International Committee of the Red Cross
 World Health Organization
 Canadian Blood Services
 Japan Blood Products Organization
 American Cancer Society
 UN Comtrade

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©TechSciResearch
INDUSTRY BRIEF
According to TechSci Research report, “Global Blood Bags Market By Product (Single Blood Bag, Double Blood Bag, Triple Blood Bag, Quadruple Blood Bag, Penta Blood Bag), By Type (Collection
Bag, Transfer Bag), By Volume (100ml, 150ml, 250ml,300ml,350ml,400ml,450ml,500ml), By Material (PVC, PET, Others), By End-User (Hospitals, Clinics, Ambulatory Surgical Center, Blood Banks,
Others), By Region, Forecast & Opportunities, 2025”, the global market for blood bags is expected to witness significant rate of growth during the coming years as the demand for blood components
and blood sterilization is increasing. The world is witnessing rise in trauma and accident cases where victims require blood transfusion. Additionally, increasing prevalence of chronic infections such
as AIDS, cancer and other viral infections is creating a demand for blood donation. Hence, there is a surging demand for blood bags, which are used for the storage, collection, transfusion, and
transportation of blood along with the blood components such as RBC, WBC, and blood platelets. With the increasing number of hospitals, blood banks and other health centers, the demand for
blood bags is also increasing across the globe. Moreover, blood bags manufacturers are also witnessing demand for the sterilization of the blood and its components. Apart from this, the presence of
standard healthcare organizations, government initiatives in assisting the use of blood bags, and continuously improving sterility features is anticipated to make blood bags business a lucrative
market in during the forecast years.
The global blood bags market is segmented based on product, type, volume, material, end-user and region. Based on product, the market is segmented into single blood bag, double blood bag,
triple blood bag, quadruple blood bag and penta blood bag. The single blood bag segment accounted for largest market share and the trend is likely to continue during the forecast period as well as it
finds extensive use in treatment of pediatric disorders. Also, additional storage benefits offered by single collection bags is expected to create a hike in their demand over the coming years.
Terumo Corporation, Maco Pharma International GmbH, Fresenius SE & Co KGaA, Grifols S.A., Innvol Medical India Limited, Neomedic Limited, Teleflex Incorporated, Qingdao Sinoland
International Trade Co., Ltd, The Metrix Company Ltd., B L Life Sciences Private Limited, Mitra Industries Pvt. Ltd., Suru International Private Ltd., HLL Lifecare Limited, JMS Co.Ltd., Demophorius
Healthcare Ltd, Kawasumi Laboratories, Inc., Poly Medicure Ltd., Shanghai Transfusion Technology Co., Ltd., AdvaCare Pharma and Troge Medical GmbH are some of the leading players operating
in global blood bags market. The companies are focusing on development of product portfolio to mark their strong presence in the blood bags market globally.
“Scientific enhancements and increase in the requirement for blood transfusion, storage, and transportation is driving the blood bags market across the globe. However, the manufacturers need to
continuously look for more innovative and environment friendly products to overcome the barriers in the growth of the market. Almost all nations around the world are focusing on boosting their
healthcare sectors and hence, the coming years are going to provide huge growth and profit opportunities for blood bags manufacturing companies, worldwide.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting firm.

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©TechSciResearch
SAMPLE DATA - SNAPSHOT
Global Blood Bags Market Size, By Value, 2015-2025F (USD Million)
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
CAGR (2020E-2025F)
By Value: xx%
CAGR (2015-2019)
By Value: xx%
North America Blood Bags Market Share, By Product, By Value, 2015-2025F
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Quadruple Blood Bag 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Triple Blood Bag 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Single Blood Bag 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Double Blood Bag 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Penta Blood Bag 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
US Blood Bags Market Share, By Material, By Value, 2015-2025F
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
PVC 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
PET 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Others 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

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REPORT NAME : GLOBAL BLOOD BAGS MARKET
BY PRODUCT, BY TYPE, BY VOLUME,
BY MATERIAL, BY END USER, BY REGION, COMPETITION,
FORECAST AND OPPORTUNITIES, 2015 – 2025
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality
analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global
company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it
considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible
for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the
subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this
document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior
approval of TechSci Research.
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