Blood bag is a disposable bio-medical device used for collection, storage, transportation and transfusion of human blood and blood components. The system consists of a single or multiple bags connected with tubings, needle, needle cover, clamp etc. The Blood Bags are made of plastic-material, which are compatible with blood.
Blood Bags can successfully replace the use of glass bottles for collection storage, transportation and transfusion of blood and blood components since bottles require exhaustive cleaning, rinsing and autoclaving procedures and there are chances of breakage at any stage. Further, use of disposable bags eliminates the possibility of any contamination.
Blood bags contain an anticoagulant solution and a red blood cell preservative solution, and are used in blood banks which both collect donor blood and separate blood components. Blood bags are made from imported, medical grade PVC granules & sheets in Class 10000 Clean room environments.
The blood bags market is projected to register a CAGR of 10.82% over the period, with a revenue of approximately USD 384.37 million in 2020, and it is expected to reach USD 711.85 million by 2026. With the rise of the COVID-19 public health emergency, the demand for blood bags has increased. Many individuals with weak immune systems have been infected by COVID-19 and hospitalized, and many require a blood transfusion. As a result, the demand for blood bags and equipment has risen following the pandemic. Many governments are also taking initiatives to help increase blood donation. As a result, the demand for blood bags is expected to increase.
Additionally, government initiatives are expected to boost the healthcare sector. Moreover, the rising numbers of hospitals, blood banks, and other healthcare centers are driving the growth of the blood bags market across the globe. The growing awareness about blood donation among citizens is also propelling the demand for blood bags around the globe.
Few Indian Major Players
· Fresenius Kabi India Pvt. Ltd.
· Helm India Pvt. Ltd.
· Innvol Medical India Ltd.
· J Mitra & Co. Ltd.
· Narang Medical Ltd.
· Payal Polyplast Pvt. Ltd.
· Poly Medicure Ltd.