South Africa Disposable Blood Bags Market Size Set to Grow at Steady CAGR of 5% During 2023–2029

Published | 03 April 2023

South Africa disposable blood bags market size is flourishing due to the growth in the use of blood transfusions, increasing number of accidents and trauma cases, and the creation of new disposable blood bag products by key companies.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated South Africa disposable blood bags market size at USD 2.42 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects South Africa disposable blood bags market size to grow at a steady CAGR of 5.08% reaching a value of USD 3.55 million by 2029. The increase in blood transfusion procedures, increasing number of trauma and accident incidences, and the development of new disposable blood bag products by a large number of key players are the major factors driving the growth of the South Africa disposable blood bags market. Use of disposable blood bags is also growing as the number of blood donation camps across the country grows, so does plasma collection. However, during the period in analysis, a scarcity of labor to handle these blood bags may restrain market expansion.

South Africa Disposable Blood Bags Market – Overview

Human blood components and blood are collected, stored, transported, and transfused using disposable blood bags. A needle cover and one or more tubes make up the system. Blood bags are made of plastic. They are constructed with biocompatible PVC that has been properly blended with additives. After being created using a high-frequency welding technique, the bags are sterilized.

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Impact of COVID-19 on South Africa Disposable Blood Bags Market

COVID-19 outbreak positively impacted the South Africa disposable blood bags market. During the COVID-19 pandemic, passive immunotherapy employing whole blood or plasma from recovered patients has become a possible infection approach. Neutralizing antibodies are frequently administered through convalescent blood in hospitals around the nation. Thus, the use of blood bags grows due to the quick uptake of immunotherapy using blood and plasma, which is expected to propel market expansion during the forecast period. Because of the considerable danger involved, the market for blood donation and transfusions cannot increase.

South Africa Disposable Blood Bags Market - By Type

The disposable blood bags market in South Africa is split into transfer bags and collection bags segments. Due to increased R&D activities in the pharmaceutical industry, an increase in the number of product approvals, and a rise in the adoption of immunotherapy procedures, collection bag segment currently has the largest market share, and this trend is expected to continue during the forecast period. However, the sector for transfer bags is expected to have considerable growth during the projected period due to a rise in surgical procedures.

Competitive Landscape

South Africa disposable blood bags market is fiercely competitive. Major companies in the market include AdvaCare Pharma, Fresenius SE & Co. KGaA, Genesis BPS, Grifols SA, Haemonetics Corporation, and HLL Lifecare Limited. The companies companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the South Africa disposable blood bags market.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of South Africa Disposable Blood Bags Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in South Africa Disposable Blood Bags Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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