Blood Bags Market SWOT Analysis by 2031
The blood bags market is anticipated to grow in the forecast period owing to key factors such as increasing prevalence of diseases such as cancer and various blood related disorder, such as hemophilia, anemia, and sickle cell disease is rising demand for blood transfusion. Whereas, the technological advances and growing number of cancer incidences offer opportunities to expand their customer reach in the emerging regions.
The "Global Blood Bags Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global blood bags market with detailed market segmentation by product, end user and geography. The global blood bags market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading blood bags market players and offers key trends and opportunities in the market.
The global blood bags market is segmented on the basis of product and end user. Based on product, the market is segmented as single collection, double collection, triple collection, quadruple collection, and others. On the basis of end user the blood bags market is segmented as hospitals, diagnostic centers, research laboratories, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global blood bags market based on product and end user. It also provides market size and forecast till 2031 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Blood Bags market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
North America is expected to contribute to the largest share in the blood bags market in the forecast period, due to increasing demand for blood and blood components, well-established medical and healthcare infrastructure providing timely blood transfusion services in this region. Similarly, Asia Pacific region is expected to be the fastest growing region owing to the sturdy economic growth in India and China, increase in disposable income, rise in awareness are expected to accelerate the growth of the market in the region during the forecast period.
The report analyzes factors affecting blood bags market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Blood Bags market in these regions.
The report also includes the profiles of key blood bags companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Some of the key players operating in the blood bags market include, Qingdao Sinoland International Trade Co.,Ltd, The Metrix Company, Genesis BPS, BL Lifesciences, Terumo Corporation, Mitra Industries (P) Ltd, Haemonetics Corporation, SURU International Pvt. Ltd, Fresenius SE & Co. KGaA, and Grifols, S.A. among others.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Blood Bags Market- By Product
1.3.2. Blood Bags Market- By End User
1.3.3. Blood Bags Market- By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BLOOD BAGS MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. BLOOD BAGS MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BLOOD BAGS MARKET- GLOBAL ANALYSIS
6.1. BLOOD BAGS MARKET - GLOBAL MARKET OVERVIEW
6.2. BLOOD BAGS MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. BLOOD BAGS MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SINGLE COLLECTION MARKET
7.3.1. Overview
7.3.2. Single Collection Market Forecast and Analysis (US$ Mn)
7.4. DOUBLE COLLECTION MARKET
7.4.1. Overview
7.4.2. Double Collection Market Forecast and Analysis (US$ Mn)
7.5. TRIPLE COLLECTION MARKET
7.5.1. Overview
7.5.2. Triple Collection Market Forecast and Analysis (US$ Mn)
7.6. QUADRUPLE COLLECTION MARKET
7.6.1. Overview
7.6.2. Quadruple Collection Market Forecast and Analysis (US$ Mn)
7.7. OTHERS MARKET
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis (US$ Mn)
8. BLOOD BAGS MARKET REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS MARKET
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis (US$ Mn)
8.4. DIAGNOSTIC CENTERS MARKET
8.4.1. Overview
8.4.2. Diagnostic Centers Market Forecast and Analysis (US$ Mn)
8.5. RESEARCH LABORATORIES MARKET
8.5.1. Overview
8.5.2. Research Laboratories Market Forecast and Analysis (US$ Mn)
8.6. OTHERS MARKET
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis (US$ Mn)
9. BLOOD BAGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA BLOOD BAGS MARKET
9.1.1. North America Blood Bags Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.1.3. North America Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.1.4. North America Blood Bags Market Forecasts and Analysis - By Country
9.1.5. US Market Overview
9.1.5.1. US Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.1.5.2. US Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.1.6.2. Canada Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.1.7.2. Mexico Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.2. EUROPE BLOOD BAGS MARKET
9.2.1. Europe Blood Bags Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.2.3. Europe Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.2.4. Europe Blood Bags Market Forecasts and Analysis - By Country
9.2.5. UK Market Overview
9.2.5.1. UK Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.2.5.2. UK Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.2.6.2. Germany Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.2.7.2. France Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.3. ASIA PACIFIC BLOOD BAGS MARKET
9.3.1. Asia Pacific Blood Bags Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.3.3. Asia Pacific Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.3.4. Asia Pacific Blood Bags Market Forecasts and Analysis - By Country
9.3.5. China Market Overview
9.3.5.1. China Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.3.5.2. China Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.3.6. Japan Market Overview
9.3.6.1. Japan Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.3.6.2. Japan Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.3.7. India Market Overview
9.3.7.1. India Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.3.7.2. India Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.4. MIDDLE EAST AND AFRICA (MEA) BLOOD BAGS MARKET
9.4.1. Middle East and Africa (MEA) Blood Bags Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East and Africa (MEA) Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.4.3. Middle East and Africa (MEA) Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.4.4. Middle East and Africa (MEA) Blood Bags Market Forecasts and Analysis - By Country
9.4.5. UAE Market Overview
9.4.5.1. UAE Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.4.5.2. UAE Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.4.6.2. Saudi Arabia Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.4.7. South Africa Market Overview
9.4.7.1. South Africa Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.4.7.2. South Africa Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA BLOOD BAGS MARKET
9.5.1. South and Central America Blood Bags Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.5.3. South and Central America Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
9.5.4. South and Central America Blood Bags Market Forecasts and Analysis - By Country
9.5.5. Brazil Market Overview
9.5.5.1. Brazil Blood Bags Market Forecasts and Analysis - By Product (US$ Mn)
9.5.5.2. Brazil Blood Bags Market Forecasts and Analysis - By End User (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. BLOOD BAGS MARKET, KEY COMPANY PROFILES
11.1. QINGDAO SINOLAND INTERNATIONAL TRADE CO.,LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. THE METRIX COMPANY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GENESIS BPS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BL LIFESCIENCES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. TERUMO MEDICAL CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MITRA INDUSTRIES (P) LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HAEMONETICS CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SURU INTERNATIONAL PVT. LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. FRESENIUS SE & CO. KGAA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. GRIFOLS, S.A.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Qingdao Sinoland International Trade Co.,Ltd
2. The Metrix Company
3. Genesis BPS
4. BL Lifesciences
5. Terumo Medical Corporation
6. Mitra Industries (P) Ltd
7. Haemonetics Corporation
8. SURU International Pvt. Ltd
9. Fresenius SE & Co. KGaA
10. Grifols, S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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