(MENAFN- P&S Intelligence) The global disposable plastic blood bag market is predicted to demonstrate rapid expansion in the future years. The rising incidence of chronic diseases and the surging geriatric population all over the world are the main factors fueling the progress of the market. In addition to these, the increasing implementation of several government initiatives aimed at increasing public awareness about the advantages of disposable blood bags and blood donation is propelling the growth of the market across the globe.
The enactment of various programs by government associations throughout the world for raising public awareness of the advantages of blood donations is an important factor propelling the growth of the market. The American Red Cross, International Federation of Red Cross and Red Crescent Societies (IFRC), and the World Health Organization (WHO) are some of the major government agencies launching extensive public awareness drives about blood donations and plastic blood bags.
Based on type, the disposable plastic blood bag market is divided into quadruple, triple, double, and single. Amongst these, the single plastic disposable blood bag category is predicted to record the highest growth in the market in the future years. This will be because of various factors such as the rising number of blood transfusion procedures, the increasing prevalence of accidents and trauma cases, and the soaring prevalence of several blood-related ailments across the world.
Globally, the market is predicted to boom in North America in the upcoming years. The main factors propelling the advancement of the market in this region are the rising incidence of blood-related disorders and the surging investments being made in research and development (R&D) projects by various companies operating in the region. According to experts, the industry is predicted to grow at a CAGR of more than 9.0% in the region between 2020 and 2030.
Hence, it can be concluded that due to the various safety characteristics of disposable plastic blood bags, the increasing incidence of blood-related disorders, and the rising number of blood donations, the market will register huge growth across the world in the coming years.
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