Global Blood Bags Market Size (2024 - 2029)

Blood Bags Market Analysis

The Global Blood Bags Market size is estimated at USD 469.42 million in 2024, and is expected to reach USD 578.13 million by 2029, growing at a CAGR of 4.25% during the forecast period (2024-2029).

The increasing number of trauma and injuries, the rising burden of blood-related and other chronic disorders, and increasing government initiatives for blood donations are the major drivers for the market.

The significamt number of blood donors drives the need for blood bags in blood banks, which is expected to propel market growth over the study period. For example, the data published by the World Health Organization in June 2023 mentioned that out of the 118.5 million blood donations collected worldwide, 40% originate from high-income countries such as the United States, Canada, and Germany, among others, which constitute only 16% of the global population. Additionally, the same source reported that around 54% of blood transfusions are administered to children under the age of 5 in low-income countries (Afghanistan, Ethiopia, Malawi and others), while in high-income countries (United States, Canada, Germany and others), the predominant demographic receiving transfusions is individuals over 60, who make up to 76% of all transfusions. Thus, the significant population requiring blood transfusions is anticipated to boost the demand for blood bags for storage, thereby driving market growth over the forecast period.

Road accidents are expected to be one of the another major driving factor for the growth of the blood bag market as these accidents require immediate medical assistance, including blood transfusion; thus, a high number of road accidents are expected to play a crucial role in the demand for blood bags. For instance, according to the December 2023 update of the World Health Organization, 20 to 50 million people suffer from non-fatal injuries, with many incurring disabilities owing to the injury. Given the prevalence of road accidents, the demand for blood bags to address injuries is anticipated to surge, driving growth in the studied market.

Additionally, blood bags have also witnessed a great demand due to an increased number of patients suffering from various ailments related to blood, kidney, metabolic diseases, and neurological disorders. Cancers such as leukemia, lymphoma, and myelodysplastic syndromes (MDS) can affect the bone marrow, blood cells, lymph nodes, and other parts of the lymphatic system. For instance, according to the data published by the Global Cancer Observatory (GCO), around 515 thousand new leukemia cancer cases were expected to be diagnosed in 2025 worldwide and will reach 571 thousand by 2030. The high burden of blood-related diseases among the population is expected to increase the demand for blood transfusion to help treat low blood count in patients, which is expected to drive the demand for blood bags to store and transport the blood and their products, thereby fueling the market growth over the forecast period.

However, the high risk associated with blood donation and transfusion will likely hamper the market growth over the forecast period.

Blood Bags Industry Segmentation

As per the scope of the report, blood bags are bags that are used for the reliable collection, separation, storage, and transport of blood, along with blood components, such as RBC, WBC, and blood platelets. Additionally, they prevent the blood from coagulation and contamination.

The blood bags market is segmented by product, type, end-user, and geography. By product, the market is segmented into single blood bags, double blood bags, triple blood bags, and other products. By type, the market is segmented into collection bags and transfer bags. By end user, the market is segmented into hospitals and clinics, blood banks, and other end users. By geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above segments.