India Blood Bag Market
India Blood Bag Market, By Type (Collection Bag, Transfer Bag); By Product (Single Blood Bag, Double Blood Bag, Triple Blood Bag, Quadruple Blood Bag, Penta Blood Bag); By Volume (450ml, 350ml, 150ml, 100ml, 250ml); By Material (PVC, PET); By End User (Hospitals and Clinics, Blood Banks, Ambulatory Surgical Centers); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: September 2024
- Report ID: BWC24656
- Available Format: PDF
- Page: 120
Report Overview
An increasing healthcare infrastructure, rising awareness of blood donation, and growing surgical procedures are expected to drive India Blood Bag Market during the forecast period between 2024 and 2030India Blood Bag Market – Industry Trends & Forecast Report, 2030
India Blood Bag Market size was estimated at USD 51.82 Million in 2023. During the forecast period between 2024 and 2030, India Blood Bag Market size is projected to grow at a CAGR of 5.23% reaching a value of USD 72.93 Million by 2030. Prominent drivers of the market include the rising cases of chronic diseases, increasing surgical procedures, and government efforts to strengthen healthcare infrastructure. Innovations in materials science, such as advanced polymers and biocompatible materials, are enhancing the durability and flexibility of blood bags, ensuring better preservation of blood quality. Additionally, improved designs with features like integrated filters and ergonomic handles are boosting functionality. Technological advancements in storage, such as automated temperature monitoring systems and cryopreservation techniques, are expanding the scope of transfusion therapies. Moreover, automated barcode and RFID systems enhance traceability, safety, and inventory management, ensuring regulatory compliance and product integrity.
Blood Bag – Overview
A blood bag is a sterile, flexible plastic bag used to collect, store, process, and transport human blood and its components, such as plasma, platelets, and red blood cells. Blood bags are typically made of medical-grade materials like polyvinyl chloride (PVC) and are designed to ensure the safe handling and preservation of blood for transfusion or medical use. Blood bags often come with integrated tubing, anticoagulants, and sometimes filters to enhance functionality and maintain the quality and sterility of the stored blood.
India Blood Bag Market
Growth Drivers
Rising Awareness of Blood Donation
Educational initiatives and awareness campaigns encourage voluntary blood donations, expanding the donor pool and increasing the demand for blood bags to store and transport these donations. A sustainable blood supply is vital for healthcare facilities to meet the needs of surgeries, treatments, and emergencies, and heightened awareness ensures a steady inflow of blood products, requiring efficient storage and handling with reliable blood bags. Additionally, blood donation drives improve operational efficiencies in blood banks and donation centers, prompting upgrades in infrastructure to accommodate larger volumes of blood. In emergencies and natural disasters, awareness leads to quicker responses and ensures sufficient blood bag stocks for prompt collection and distribution. Increased donor participation also drives regulatory compliance, making high-quality blood bags essential for safe transfusions. This growing awareness not only addresses the ongoing need for blood products but also advances blood bag technologies and infrastructure, reinforcing sustainable healthcare delivery and emergency preparedness across India.
Challenges
Lack of Infrastructure
Lack of infrastructure in rural areas significantly restrains the growth of the India Blood Bag Market. Many rural regions face challenges such as limited healthcare facilities, inadequate blood storage equipment, and insufficient transportation networks, making it difficult to collect, store, and transport blood safely. The absence of modern blood banks and donation centers further hampers the availability of blood products in these areas. Additionally, poor electricity supply and lack of cold storage facilities reduce the ability to preserve blood efficiently, limiting the demand for blood bags and hindering the overall growth of the market in rural regions.
Impact of Escalating Geopolitical Tensions on India Blood Bag Market
Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of India Blood Bag Market. Disruptions in global supply chains due to political instability or trade restrictions can lead to shortages of raw materials used in manufacturing blood bags, affecting production and availability. Import-export limitations may increase costs, making it difficult for healthcare facilities to procure essential supplies. Additionally, geopolitical conflicts can strain healthcare systems during crises, increasing the demand for blood products while simultaneously challenging the supply and distribution of blood bags. These factors collectively hinder market growth, as manufacturers and healthcare providers face logistical and financial challenges in maintaining adequate stocks of blood bags during periods of heightened geopolitical uncertainty
India Blood Bag Market
Segmental Coverage
India Blood Bag Market – By Type
By type, India Blood Bag Market is bifurcated into Collection Bag and Transfer Bag segments. The collection bag segment holds a higher share in India Blood Bag Market by type. Collection bags are crucial in blood donation processes, designed for safe and hygienic blood collection across blood drives, banks, and automated procedures. Their widespread use ensures consistent demand from healthcare facilities and donation centers throughout India. Featuring sterile connectors, tubing, and anticoagulants, these bags prevent clotting and maintain blood quality. Available in various sizes, they cater to different donation volumes while adhering to strict regulatory standards, ensuring safety and quality. Their vital role in storage, transportation, and transfusion supports efficient blood transfusion services nationwide.
India Blood Bag Market – By Product
Based on product, India Blood Bag Market is divided into Single Blood Bag, Double Blood Bag, Triple Blood Bag, Quadruple Blood Bag, and Penta Blood Bag segments. The single blood bag segment is expected to hold the highest share in India Blood Bag Market by product during the forecast period. Single blood bags are versatile and widely used across healthcare settings for routine transfusions and medical procedures, making them essential for managing patient needs in emergencies and surgeries. Their affordability compared to multi-compartmental bags makes them accessible to a broad range of healthcare facilities, including smaller clinics and rural hospitals, driving consistent demand. Additionally, single blood bags meet stringent regulatory standards, ensuring safety and reliability. Their widespread use and cost-effectiveness make them a dominant choice in the Indian healthcare sector, supporting sustained market growth.
India Blood Bag Market – By Volume
By volume, India Blood Bag Market is divided into 450ml, 350ml, 150ml, 100ml, and 250ml segments.
India Blood Bag Market – By Material
Based on volume, India Blood Bag Market is split into PVC and PET segments. The PVC segment holds a higher share in India Blood Bag Market and is expected to maintain its dominance by material during the forecast period. The PVC segment holds a higher share in the India Blood Bag Market and is expected to maintain its dominance by material during the forecast period. PVC blood bags are cost-effective to manufacture, making them widely accessible to hospitals, clinics, and blood banks in India’s cost-sensitive healthcare environment. Known for its durability, safety, and compatibility with blood components, PVC meets stringent regulatory standards for blood storage and transfusion. Its flexibility allows for easy molding and the integration of components like filters and tubing, enhancing functionality. Additionally, PVC blood bags are resistant to punctures and leaks, ensuring the protection and integrity of blood products, further driving the segment's growth.
India Blood Bag Market – By End User
On the basis of end user, India Blood Bag Market is divided into Hospitals and Clinics, Blood Banks, and Ambulatory Surgical Centers segments.
India Blood Bag Market – By Region
The in-depth research report on India Blood Bag Market covers the market in the country’s major regions: North India, South India, East India, and West India regions. North India holds the highest share in India Blood Bag Market and is expected to maintain its dominance during the forecast period. States such as Uttar Pradesh, Punjab, Haryana, and Delhi, with their high population density and extensive healthcare infrastructure, contribute to this dominance. Major cities like Delhi, Chandigarh, and Lucknow are key healthcare hubs with numerous hospitals, specialty clinics, and blood banks, driving the demand for blood bags for various medical needs. The rapid urbanization and economic growth in North India's urban centers have increased healthcare spending and access, further boosting the demand for blood bags. The expansion of private hospitals and multi-specialty clinics enhances this need. Government initiatives like the National Health Mission (NHM) and state-specific programs focus on improving healthcare services, including blood transfusion facilities, which supports the market's growth. Additionally, the presence of leading medical colleges and research institutions fosters innovation and the adoption of advanced blood bag technologies in the region.
Competitive Landscape
Major players operating in India Blood Bag Market include Terumo Penpol Pvt. Ltd., Mitra Industries Pvt. Ltd., Poly Medicure Ltd., HLL Lifecare Ltd., BL Lifesciences Pvt. Ltd., Innvol Medical India Limited, Imperial Biotech Private Limited, Fresenius Kabi India Private Limited, Advin Health Care, and Sai Kripa Enterprises. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
-
In May 2023 - The Indian Council of Medical Research (ICMR) recently conducted a successful trial of its i-DRONE initiative, which involves using drones to deliver blood bags. This groundbreaking study, conducted with Lady Hardinge Medical College, Government Institute of Medical Sciences, and Jaypee Institute of Information Technology, tested the drone's ability to transport blood samples while maintaining proper temperature and product integrity.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2030 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
USD Million |
Market Coverage |
India |
Product/ Service Segmentation |
Type, Product, Volume, Material, End User, Region |
Key Players |
Terumo Penpol Pvt. Ltd., Mitra Industries Pvt. Ltd., Poly Medicure Ltd., HLL Lifecare Ltd., BL Lifesciences Pvt. Ltd., Innvol Medical India Limited, Imperial Biotech Private Limited, Fresenius Kabi India Private Limited, Advin Health Care, Sai Kripa Enterprises |
By Type
-
Collection Bag
-
Transfer Bag
By Product
-
Single Blood Bag
-
Triple Blood Bag
-
Double Blood Bag
-
Quadruple Blood Bag
-
Penta Blood Bag
By Volume
-
450ml
-
350ml
-
150ml
-
100ml
-
250ml
By Material
-
PVC
-
PET
By End User
-
Hospitals and Clinics
-
Blood Banks
-
Ambulatory Surgical Centers
By Region
-
North India
-
South India
-
East India
-
West India
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India Blood Bag Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increasing Healthcare Infrastructure
- Rising Awareness of Blood Donation
- Growing Surgical Procedures
- Restraints
- Lack of Infrastructure in Rural Areas
- Religious and Cultural Taboos
- Economic Challenges
- Opportunities
- Expanding Rural Healthcare
- Public-Private Partnerships
- Export Potential
- Challenges
- Blood Safety Concerns
- Supply Chain Management
- Cost Pressure
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India Blood Bag Market: Marketing Strategies
- India Blood Bag Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Type
- Collection Bag
- Transfer Bag
- By Product
- Single Blood Bag
- Triple Blood Bag
- Double Blood Bag
- Quadruple Blood Bag
- Penta Blood Bag
- By Volume
- 450ml
- 350ml
- 150ml
- 100ml
- 250ml
- Others
- By Material
- PVC
- PET
- Others
- By End User
- Hospitals and Clinics
- Blood Banks
- Ambulatory Surgical Centers
- Others
- By Region
- North India
- South India
- East India
- West India
- By Type
- Market Size & Forecast, 2019–2030
- North India Blood Bag Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Type
- By Product
- By Volume
- By Material
- By End User
- Market Size & Forecast, 2019–2030
- South India Blood Bag Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Type
- By Product
- By Volume
- By Material
- By End User
- Market Size & Forecast, 2019–2030
- East India Blood Bag Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Type
- By Product
- By Volume
- By Material
- By End User
- Market Size & Forecast, 2019–2030
- West India Blood Bag Market
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Type
- By Product
- By Volume
- By Material
- By End User
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- India Blood Bag Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on India Blood Bag Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Terumo Penpol Pvt. Ltd.
- Mitra Industries Pvt. Ltd.
- Poly Medicure Ltd.
- HLL Lifecare Ltd.
- BL Lifesciences Pvt Ltd.
- Innvol Medical India Limited
- Imperial Biotech Private Limited
- Fresenius Kabi India Private Limited
- Advin Health Care
- Sai Kripa Enterprises
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of non–listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.
List of Figures
Figure 1 India Blood Bag Segmentation
Figure 2 India Blood Bag Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Figure 5 India Blood Bag Market Share, By Type, By Value, 2019–2030
Figure 6 India Blood Bag Market Share, By Product, By Value, 2019–2030
Figure 7 India Blood Bag Market Share, By Volume, By Value, 2019–2030
Figure 8 India Blood Bag Market Share, By Material, By Value, 2019–2030
Figure 9 India Blood Bag Market Share, By End User, By Value, 2019–2030
Figure 10 North India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Figure 11 North India Blood Bag Market Share, By Type , By Value, 2019–2030
Figure 12 North India Blood Bag Market Share, By Product, By Value, 2019–2030
Figure 13 North India Blood Bag Market Share, By Volume, By Value, 2019–2030
Figure 14 North India Blood Bag Market Share, By Material, By Value, 2019–2030
Figure 15 North India Blood Bag Market Share, By End User, By Value, 2019–2030
Figure 16 South India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Figure 17 South India Blood Bag Market Share, By Type , By Value, 2019–2030
Figure 18 South India Blood Bag Market Share, By Product, By Value, 2019–2030
Figure 19 South India Blood Bag Market Share, By Volume, By Value, 2019–2030
Figure 20 South India Blood Bag Market Share, By Material, By Value, 2019–2030
Figure 21 South India Blood Bag Market Share, By End User, By Value, 2019–2030
Figure 22 East India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Figure 23 East India Blood Bag Market Share, By Type , By Value, 2019–2030
Figure 24 East India Blood Bag Market Share, By Product, By Value, 2019–2030
Figure 25 East India Blood Bag Market Share, By Volume, By Value, 2019–2030
Figure 26 East India Blood Bag Market Share, By Material, By Value, 2019–2030
Figure 27 East India Blood Bag Market Share, By End User, By Value, 2019–2030
Figure 28 West India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Figure 29 West India Blood Bag Market Share, By Type , By Value, 2019–2030
Figure 30 West India Blood Bag Market Share, By Product, By Value, 2019–2030
Figure 31 West India Blood Bag Market Share, By Volume, By Value, 2019–2030
Figure 32 West India Blood Bag Market Share, By Material, By Value, 2019–2030
Figure 33 West India Blood Bag Market Share, By End User, By Value, 2019–2030
List of Tables
Table 1 India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Table 2 India Blood Bag Market Share, By Type, By Value, 2019–2030
Table 3 India Blood Bag Market Share, By Product, By Value, 2019–2030
Table 4 India Blood Bag Market Share, By Volume, By Value, 2019–2030
Table 5 India Blood Bag Market Share, By Material, By Value, 2019–2030
Table 6 India Blood Bag Market Share, By End User, By Value, 2019–2030
Table 7 North India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Table 8 North India Blood Bag Market Share, By Type , By Value, 2019–2030
Table 9 North India Blood Bag Market Share, By Product, By Value, 2019–2030
Table 10 North India Blood Bag Market Share, By Volume, By Value, 2019–2030
Table 11 North India Blood Bag Market Share, By Material, By Value, 2019–2030
Table 12 North India Blood Bag Market Share, By End User, By Value, 2019–2030
Table 13 South India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Table 14 South India Blood Bag Market Share, By Type , By Value, 2019–2030
Table 15 South India Blood Bag Market Share, By Product, By Value, 2019–2030
Table 16 South India Blood Bag Market Share, By Volume, By Value, 2019–2030
Table 17 South India Blood Bag Market Share, By Material, By Value, 2019–2030
Table 18 South India Blood Bag Market Share, By End User, By Value, 2019–2030
Table 19 East India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Table 20 East India Blood Bag Market Share, By Type , By Value, 2019–2030
Table 21 East India Blood Bag Market Share, By Product, By Value, 2019–2030
Table 22 East India Blood Bag Market Share, By Volume, By Value, 2019–2030
Table 23 East India Blood Bag Market Share, By Material, By Value, 2019–2030
Table 24 East India Blood Bag Market Share, By End User, By Value, 2019–2030
Table 25 West India Blood Bag Market Size, By Value (USD Billion), 2019–2030
Table 26 West India Blood Bag Market Share, By Type , By Value, 2019–2030
Table 27 West India Blood Bag Market Share, By Product, By Value, 2019–2030
Table 28 West India Blood Bag Market Share, By Volume, By Value, 2019–2030
Table 29 West India Blood Bag Market Share, By Material, By Value, 2019–2030
Table 30 West India Blood Bag Market Share, By End User, By Value, 2019–2030
Table 31 Terumo Penpol Pvt. Ltd. Company Overview
Table 32 Terumo Penpol Pvt. Ltd. Financial Overview
Table 33 Mitra Industries Pvt. Ltd. Company Overview
Table 34 Mitra Industries Pvt. Ltd. Financial Overview
Table 35 Poly Medicure Ltd. Company Overview
Table 36 Poly Medicure Ltd. Financial Overview
Table 37 HLL Lifecare Ltd. Company Overview
Table 38 HLL Lifecare Ltd. Financial Overview
Table 39 BL Lifesciences Pvt Ltd. Company Overview
Table 40 BL Lifesciences Pvt Ltd. Financial Overview
Table 41 Innvol Medical India Limited Company Overview
Table 42 Innvol Medical India Limited Financial Overview
Table 43 Imperial Biotech Private Limited Company Overview
Table 44 Imperial Biotech Private Limited Financial Overview
Table 45 Fresenius Kabi India Private Limited Company Overview
Table 46 Fresenius Kabi India Private Limited Financial Overview
Table 47 Advin Health Care Company Overview
Table 48 Advin Health Care Financial Overview
Table 49 Sai Kripa Enterprises Company Overview
Table 50 Sai Kripa Enterprises Financial Overview
Table 51 Other Prominent Players Company Overview
Table 52 Other Prominent Players Financial Overview
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.