The concept of disposable plastic blood bags was first introduced way back in the 1970s, which marked the substitution of the regular reusable glass bottles with plastic blood bags. Since then, there has been a noticeable change in the way in which blood is collected and stored. Apart from being convenient and easy to handle, disposable plastic blood bags are a lot safer.
The widespread incorporation of disposable plastic blood bags in the healthcare industry has led to the introduction of newer blood separation techniques and the development of suitable treatments for a host of hematological anomalies.
High Incidence of Blood Disorders and Convenience Drives Demand for Disposable Plastic Blood Bags
There are a host of factors which fuel the global disposable plastic blood bags market. Their convenience drives the demand for disposable plastic blood bags to a marked extent. These biomedical devices used for blood collection, transportation, storage, and blood transfusion are easier to handle in comparison to reusable glass bottles, which are prone to breaking.
Moreover, disposable plastic blood bags are made of anticoagulants, which prevent the formation of blood clots inside the bags. Glass bottles, which require thorough cleaning and sterilization, disposable plastic blood bags can only be used once before being discarded. This eliminates the possibility of contamination.
The possibility of blood contamination and degradation had made it impossible for medical specialists to separate the various components of blood such as plasma and platelets from blood contained in glass bottles. However, with the introduction of disposable plastic blood bags, the process of blood separation has become easy and convenient. A growing global geriatric population has also had a direct impact on the overall demand for disposable plastic blood bags.
Mergers and Acquisitions to Stimulate the Growth of the Disposable Plastic Blood Bags Market
A majority of the companies operating in the global disposable plastic blood bags market invest large amounts of funds in research and development activities, since the main aim lies in developing effective cures for chronic diseases and illnesses. Led by North America, the disposable plastic blood bags market is characterized by several joint business ventures. North America will continue to dominate the global market for disposable plastic blood bags during the forecast period as well.
Ongoing industry trends indicate that the healthcare sector is gradually adopting radio-frequency identification technology (RFID) to ensure quick and easy identification of stored blood bags.
How Will the Disposable Plastic Blood Bags Market Look Over the Next Five Years?
On the basis of product type, the global disposable plastic blood bags market is segmented into single blood bags, double blood bags, triple blood bags, and quadruple blood bags. The market for single blood bags holds the largest share in the global market. Amongst blood banks, home healthcare, and hospitals and healthcare institutes, the segment for home healthcare is by far the largest in the overall disposable plastic blood bags market.
The Asia Pacific disposable plastic blood bags market will expand robustly during the forecast period owing to high demand for single blood bags. Recent trends indicate that the use of non-PVC components in blood bags will create opportunities for further market expansion in the forthcoming years.