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Blood bag systems are the foundations for a global blood supply based on traditional blood donation. It is a biomedical device used to collect, store, transport, and transfuse human blood and blood components. These systems contain up to six distinct bags with various functionalities and process more than 90% of all blood donations. A single or more bags are connected with tubing, needles, needle covers, clamps, and other components to form the system. The blood bags are composed of a type of plastic that is compatible with blood.
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Blood bags have recently become a visible item and an essential requirement of hospitals and nursing homes to address blood infusion crises. Blood bags ostensibly serve the medical industry at a critical time. The need for blood bags is expanding dramatically as the number of hospitals and nursing homes grows. Biomedical devices used for collecting, storing, transporting, and transfusion of blood and its components are referred to as disposable plastic blood bags. Because of the rising prevalence of blood-related illnesses and technological advancements, the disposable plastic blood bags market is growing rapidly worldwide.
Furthermore, the disposable plastic blood bag market is being driven by an ageing population and increased government activities in the industry. Single blood bag, double blood bag, triple blood bag, quadruple blood bag, and transfer blood bag are the numerous types of disposable blood bags available depending on the demand for blood infusion. The collection tube, needle, needle cover, and clamp are included in a blood bag package. To collect and store blood and blood components, disposable plastic blood bags have replaced glass bottles. Disposable plastic blood bags also aid in separating blood components necessary to treat a variety of blood disorders, such as platelets, plasma, and cryoprecipitate.
Medical and surgical equipment manufacturers all around the world produce a wide range of single-use devices. They are vital for patient care, just like pharmaceuticals and other health technologies, whether at the bedside, in a rural health clinic, or a large, specialised hospital. The main reason for this is infection control; an object that has only been used once cannot spread infectious organisms to subsequent patients.
The expansion of healthcare facilities in India will also help to drive the medical device sector’s growth. Because of ongoing improvements and the increased need for better blood collection technology, the blood bag market is likely to expand in the future years. Because of the rising prevalence of blood-related ailments and the increasing number of traffic accidents that necessitate rapid blood transfusion, the global blood bags market is expected to develop from 2021 to 2025. The CAGR will be 10%. Additionally, government attempts to improve the healthcare sector and an increase in the number of hospitals, blood banks, and other healthcare facilities are propelling the global blood bag market forward. Citizens’ growing awareness of the need for blood donation is driving up demand for blood bags all around the world.
Product, type, volume, material, end-user, and geography are all used to segment the worldwide blood bags market. The market is divided into a single blood bag, double blood bag, triple blood bag, quadruple blood bag, and Penta blood bag based on product. Due to an increase in the number of blood transfusion procedures, greater prevalence of various blood-related illnesses, and their use in plasma collection, the Triple blood bags segment is likely to maintain its dominance.
Because of the increased demand for sterility issues, storage, transfusion, and transportation of blood and its components, Asia-Pacific is likely to lead the blood bags market in the following years. The region is also witnessing rapid expansion, particularly in the healthcare sector, with hospital and health clinic construction on the rise, which is expected to positively impact the market through 2025.
The COVID-19 epidemic is negatively influencing the blood bag market, as an increasing number of people are becoming cautious about donating blood because of the virus’s spread.
Blood bags are used for storing, collecting, transfusing, and transporting blood and blood components such as RBCs, WBCs, and platelets. They help keep the blood from coagulated and becoming contaminated. However, the hazardous waste generated by the excessive use of blood bags may prove to be a stumbling block to the market’s growth in the upcoming years. Furthermore, governments’ strict regulation of healthcare procedures and services is expected to stifle market expansion.
The following subsystems are involved in the manufacture of the bags.
Table of Contents
| Sr. No. | Particulars |
| 1 | Purpose Of The Document |
| 2 | Introduction |
| 3 | Market Potential |
| 4 | Industrial Scenario |
| 5 | Product Description |
| 6 | Product Uses |
| 7 | Raw Material Required |
| 8 | Manufacturing Process |
| 9 | Indian Standards |
| 10 | Project Components |
| 11 | Land/Civil Work |
| 12 | Plant And Machinery |
| 13 | Power Requirement |
| 14 | Manpower Requirement |
| 15 | Other Utilities |
| 16 | Licences |
| 17 | S.W.O.T Analysis |
| 18 | Cost Of Project |
| 19 | Means Of Finance |
| 20 | Projected Balance Sheet |
| 21 | Projected Profitability Statement |
| 22 | Cash Flow Statement |
| 23 | Calculation Of D.S.C.R |
| 24 | Computation For Blood Bag Manufacturing |
| 25 | Computation Of Sale |
| 26 | Closing Stock |
| 27 | Computation Of Working Capital Requirement |
| 28 | Depreciation |
| 29 | Repayment Schedule Of Term Loan |
| 30 | Financial Indicators |
| 31 | Profitablity Ratios With Graphs |
| 32 | Break Even Point Analysis |
| 33 | Implementation Schedule |
| 34 | Assumptions |
Apart from this, all the information is being provided. To help in preparing project reports.
The blood bag market is expected to develop at a CAGR of 10% from 2021 to 2025 shows the demand for blood a bag has increased. Many people with susceptible immune structures are inflamed with the aid of using COVID-19 and hospitalised, and lots of requiring a blood transfusion. As a result, the call for blood bags and the device has risen following the pandemic. Many governments are also taking tasks to assist growth blood donation. As a result, the call for blood bags is predicted to boom.
Additionally, government authorities’ tasks are predicted to reinforce the healthcare sector. Moreover, the growing number of hospitals, blood banks, and different healthcare facilities are riding the boom of the blood bags market worldwide. The developing consciousness approximately blood donation amongst residents is likewise propelling the demand for blood bags worldwide. This states that starting such a business these days will be helpful and give you profit in the upcoming years.
WHAT ARE BLOOD BAGS?
These are disposable biomedical translucent flexible polyvinyl chloride (PVC) containers for collecting, processing, and storing whole blood and blood components in hospitals.
The blood bag system comprises a blood donor bag, a donor tube (which includes a needle and a needle cover), a puncturable and non-sealable transfusion pot, and a clamp.
CPDA: Citrate Phosphate Dextrose Adenine
Blood units should be stored standing erect in baskets or lying flat on a shelf after collection. The bags should never be packed too tightly, and they should never be kept near the freezer compartment or in the refrigerator door.
The major countries covered in the Disposable Plastic Blood Bag market are:
Indian companies involved in this business are:
In 2026, the global blood bags market is expected to be worth USD 711 million.
Asia Pacific is growing at the highest CAGR over 2021- 2026.
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