BLOOD TRANSPORT BAGS AND BOXES MARKET REPORT OVERVIEW
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The global blood transport bags and boxes market size is estimated to be USD 93 million in 2022 and the market is projected to touch USD 135.9 million by 2028, exhibiting a CAGR of 6.5% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with blood transport bags and boxes experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Blood transport bags and boxes are fortified with a temperature regulator method, which can retain the persistent temperature in the box at a temperature point, assuring 2-8 degrees. It is prepared with real-time temperature uploading purpose and remote alarm task. These factors are anticipated to drive blood transport bags and boxes market growth in the coming years.
COVID-19 Impact: Increasing Demand for Product to Fuel Market Progress
COVID-19 steered in a different age for telehealth, medical strategies, blood transport bags and boxes and remote observing. While the far-reaching effects of COVID-19 have presented the world to a “new normal,” the highest influence has been in medical devices. Moreover, the demand for blood bags and equipment has increased throughout COVID-19, following the pandemic. Many governments have also taken the initiative to help increase blood donation. The central government made telehealth facilities easier to appliance and contact during the pandemic, urging better usage of the technology. The way to victory for medical device corporations.
LATEST TRENDS
"Growing demand for Infertile Containers to Incite Market Growth "
The blood bags inhibit the blood from clotting and contamination. The demand of the blood bags is increasing, owing to the upsurge in demand for infertility in the transfusion, transport and storing of the blood and its constituents. The blood bags market is anticipated to mature as the usage of the blood bags for storing, transport, and transfusion will be rising.
BLOOD TRANSPORT BAGS AND BOXES MARKET SEGMENTATION
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- By Type
Based on type, the market is divided into Below 5L, 5-20L, and Above 20L.
- By Application
Based on the application, the market is divided into Blood Bank Center, Hospital, Clinical and Research Laboratories.
DRIVING FACTORS
"Increasing Demand from Hospitals to Expand Market Growth"
The blood bags have substituted glass bottles for the assembly, storing and conveyance of the blood and its constituents. The growing misfortunes giving growth to the development of the blood transport bags and boxes market. The blood bags are prepared in such a way that the blood collected can be easy for the parting of its modules. The blood bags are mostly used in the blood banks and hospitals.
"Rising Road Accidents to Stimulate Market Expansion"
Road accidents are anticipated to be one of the main driving features for the development of the blood transport bags and boxes market as these accidents need instant medical support comprising blood transfusion thus, a great number of road accidents are estimated to play a critical part in the demand for blood bags. For example, according to the report of the World Health Organization in June 2021, about 1.3 million people die each year owing to road traffic accidents and around 20 to 50 million individuals suffer from non-fatal injuries, with many experiencing disabilities due to the injury.
RESTRAINING FACTORS
"Hazardous Waste Created to Restrict Market Growth"
The dangerous surplus produced by the extreme use of blood bags is hindering the development of the blood transport bags and boxes market.
BLOOD TRANSPORT BAGS AND BOXES MARKET REGIONAL INSIGHTS
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"Infrastructural Development to Foster Growth in Asia Pacific"
Asia Pacific is predicted to account for the largest blood transport bags and boxes market share. This is due to the increased demand from hospitals, clinical research, diagnostic centers, and blood banks. In terms of capacity and worth since of the upsurge in demand concerning the sterility features, storing, transfusion and transport of blood and its modules.
North America is anticipated to have a sizable market share. This is owing to the rise in blood transfusions, increasing occurrence of numerous diseases, the surge in consciousness amongst people, and blood donation promotions approved out by remote and government administrations. With the COVID-19 impact being the maximum in the U.S., the region predicts decent progress in the market in the coming years.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Greiner Bio-One (Germany)
- Sarstedth (Germany)
- China International Marine Containers (China)
- Aucma (China)
- Sonoco ThermoSafe (U.S.)
- Fresenius Kabi (Germany)
- B Medical Systems (U.S.)
- Blowkings (India)
- Nilkamal (India)
- EBAC CO. Ltd. (U.K.)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 93 Million in 2022 |
Market Size Value By |
US$ 135.9 Million by 2028 |
Growth Rate |
CAGR of 6.5% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the blood transport bags and boxes market expected to touch by 2028?
The global blood transport bags and boxes market is expected to reach USD 135.9 million by 2028.
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What CAGR is the blood transport bags and boxes market expected to exhibit by 2028?
The blood transport bags and boxes market is expected to exhibit a CAGR of 6.5% by 2028.
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Which are the driving factors of the blood transport bags and boxes market?
Drivers of this market are increasing demand from hospitals and rising road accidents.
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Which are the top companies operating in the blood transport bags and boxes market?
Greiner Bio-One, Sarstedth, China International Marine Containers, Aucma, Sonoco ThermoSafe, Fresenius Kabi, B Medical Systems, Blowkings, Nilkamal, EBAC CO. Ltd are the companies operating in the blood transport bags and boxes market.
