Disposable Blood Bags are used insold in government hospitals and national blood banks through governmentcontracts and procurements through the bidding process. Privately fundedhospitals, clinics, and blood banks also demand for Disposable Blood Bags. NGOsalso use disposable plastic blood collection bags during blood donationcampaigns.
Statistics:
The global DisposableBlood Bags Market is estimated to account for US$ 537.2 Mn in terms ofvalue and 459,040 Thousand Units in terms of volume by the end of 2027.
Global Disposable Blood BagsMarket: Drivers
Increasing initiatives for blooddonation are expected to propel growth of the global Disposable Blood Bagsmarket over the forecast period. For instance, in January 2018, New JerseyHealth Department encouraged people for blood donations during National BloodDonor Month.
Global Disposable Blood BagsMarket: Opportunities
Recycling of Disposable BloodBags is expected to offer lucrative growth opportunities for players in themarket.
Global Disposable Blood BagsMarket: Restraints
Increasing plastic pollution isexpected to limit growth of the global Disposable Blood Bags market. Forinstance, according to a research by the School of Natural Sciences at BangorUniversity in March 2020, Llyn Glaslyn - a remote lake near the summit ofSnowdon (North-western Europe), contained an average of three pieces ofmicroplastic per liter.
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Key Takeaways:
The Collection Bags segment inthe global Disposable Blood Bags market was valued at US$ 185.6 Mn in 2019 andis expected to reach US$ 393.4 Mn by 2027 at a CAGR of 9.8% during the forecastperiod. Increasing prevalence of blood-related disorders is anticipated toassist the growth of the segment during the forecast period.
The Blood Banks segment helddominant position in the global Disposable Blood Bags market in 2019,accounting for 76.7% share in terms of value, followed by hospitals,respectively. Increasing initiatives for blood donation is anticipated assistthe market during the forecast period.
Market Trends
Introduction of quality systemrequirements for collection of blood and blood components such as apheresiscollection (collection of blood components) is fueling consumption of tripleand quadruple collection systems in countries such as the U.S. Moreover, highrequirement of plasma and blood components owing to increasing accidental andtrauma injuries is driving demands for triple and quadruple blood collectionbags to ensure easy and safe transfusion of plasma and blood components.
Major non-profit organizationsare focused on conducting blood donation drives. For instance, in March 2020,Amy’s Army, a non-profit organization based in the U.S., partnered with theBlood Bank of Delmarva to host its second annual Blood Drive.
Asia Pacific is witnessingshortage of blood collection bags due to the outbreak of coronavirus disease.
Regulations
U.S.
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Food and Drug Administration(FDA) classifies Disposable Blood Bags under class II (performance standards)medical devices as an empty container for the collection and processing ofblood and blood components
FDA describes empty containersfor the collection and processing of blood and blood components in 21 CFR Sec.864.9100- Subpart J from part 864 (Hematology And Pathology Devices) ofSubchapter H (Medical Devices)
According to this section,manufacturer of Disposable Blood Bags are thus required to submit premarketnotification 510(k) as mentioned in 21 CFR 807 Subpart E
This notification is intended todemonstrate the safety and effectiveness of the device
Global Disposable Blood BagsMarket: Competitive Landscape
Major players operating in theglobal Disposable Blood Bags market include, Poly Medicure Limited, Grifols,S.A., Macopharma, Fresenius Kabi India Pvt. Ltd., Terumo Penpol Pvt. Limited,HLL Lifecare Limited, Span Healthcare Private Limited, and Innvol Medical IndiaLimited.
Global Disposable Blood BagsMarket: Key Developments
November 2019: Grifols hosted NorthCarolina’s first recycling summit to strengthen its commitment to recycling andreuse
October 2019: HLL LifecareLimited launched a “Plastic free HLL” campaign in connection with the‘Swachhata hi Seva’ (Cleanliness is Service) campaign launched by theGovernment of India
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