Report Overview

South Africa Disposable Blood Bags Market – Industry Trends & Forecast Report, 2029

South Africa disposable blood bags market size was estimated 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 significant CAGR of 5.08% reaching a value of USD 3.55 million by 2029. Major factors driving the growth of the South Africa disposable blood bag market include an increase in blood transfusion procedures, increase in trauma and accident incidences, and the development of new disposable blood bag products by a large number of key players. The increased use of disposable blood bags is also expanding due to increase in the number of blood donation camps across the country, as well as an increase in plasma collection. This is a significant factor driving the growth of the disposable blood bag market.

South Africa Disposable Blood Bags Market - Overview

A disposable blood bag is a biomedical device used to collect, store, transport, and transfuse human blood components and blood. The system is made up of one or more tubes and a needle cover. Plastic is used to make blood bags. These are made of bio-compatible PVC that has been mixed with the appropriate additives. The bags are sterilized after being made using a high-frequency welding method.

Growth Drivers

Rising Traffic-related Deaths and Injuries

The demand for disposable blood bags is expected to rise during the forecast period due to an estimated rise in the number of traffic accidents. Million individuals each year pass away in automobile accidents. For people between the ages of 15 and 29, traffic accidents are the leading cause of death. By 2029, road traffic accidents are predicted to overtake all other causes of death if current laws and regulations are not enforced.

Restraints

Dangers of Plastic Blood Bags

When plastic bags are utilized unevenly or contaminated, the risk of HIV transmission, hepatitis B or C transmission, and sepsis is enhanced. Hepatitis C, for instance, is an infectious liver illness that is brought on by the hepatitis C virus (HCV). Hepatitis C is the most prevalent chronic bloodborne infection acquired by blood transfusions in the United States. A patient may be reluctant to use plastic bags that are meant to be thrown away for any of these causes. They choose freshly donated blood from donors over disposable blood bags. This poses a significant obstacle to the market expansion for disposable plastic blood bags. Also, a decreased number of blood donations in developing countries, such as South Africa, has an impact on the market.

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

COVID-19 outbreak had a positive impact on South Africa disposable blood bag market. Passive immunotherapy using whole blood or plasma from recovered patients has emerged as a potential infection strategy in the COVID-19 pandemic. Transfusing neutralizing antibodies through convalescent blood is a widely used strategy in hospitals across the country. Therefore, the rapid adoption of immunotherapy using blood and plasma increases the use of blood bags, which is expected to drive market growth during the forecast period. Thus, the high risk associated with blood donation and transfusion stifles market growth.

South Africa Disposable Blood Bags Market

Segmental Coverage

South Africa Disposable Blood Bags Market - By Type

On basis of type, South Africa disposable blood bags market is divided into Collection Bag and Transfer Bag segments. The collection bag segment holds a higher market share, and this trend is expected to continue during the forecast period, owing to increased R&D activities in the pharmaceutical industry, an increase in the number of product approvals, and an increase in immunotherapy procedure adoption. However, due to an increase in the number of surgeries, the transfer bag segment is expected to grow significantly during the forecast period.

South Africa Disposable Blood Bags Market - By End User

On basis of end user, South Africa disposable blood bags market is split into Hospital-based and Stand-alone segments. Due to an increase in heart illnesses and trauma cases, the hospital-based segment contributes the most and is expected to keep leading during the period in analysis. However, because of an increase in transfusion operations, the stand-alone category is expected to develop significantly during the period in analysis.

Competitive Landscape

Major players in the South Africa disposable blood bags market include AdvaCare Pharma, Fresenius SE & Co. KGaA, Genesis BPS, Grifols SA, Haemonetics Corporation, and HLL Lifecare Limited. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In January 2021 - Haemonetics Corporation signed a formal agreement to acquire Cardiva Medical Inc. As a result of the acquisition, it is likely that the company's offerings in the significant and growing interventional cardiology portfolio, including disposable blood bags, will be expanded and diversified.

Scope of the Report

By Type

• Collection Bag

• Transfer Bag

By End User

• Hospital-based

• Stand-alone

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. South Africa Disposable Blood Bags Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Number of Trauma and Injuries
         2. Rising Burden of Blood-Related and Other Chronic Disorders
      2. Restraints
         1. High Risk Associated with Blood Donation and Transfusion
      3. Opportunities
         1. Increasing Government Initiatives for Blood Donations
      4. Challenges
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. South Africa Disposable Blood Bags Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Collection Bag
         2. Transfer Bag
      2. By End User
         1. Hospital Based
         2. Stand-alone
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. South Africa Disposable Blood Bags Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on South Africa Disposable Blood Bags Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. AdvaCare Pharma
   2. Fresenius SE & Co. KGaA
   3. Genesis BPS
   4. Grifols SA
   5. Haemonetics Corporation
   6. HLL Lifecare Limited
   7. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1.  Primary & Secondary Research
   2.   Quantitative Research
   3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5.   Assumptions & Limitations

*Financial information in case 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       South Africa Disposable Blood Bags Segmentation

Figure 2       South Africa Disposable Blood Bags Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       South Africa Disposable Blood Bags Market Size, By Value (USD Million), 2019–2029

Figure 5       South Africa Disposable Blood Bags Market Share, By Type, By Value, 2019–2029

Figure 6       South Africa Disposable Blood Bags Market Share, By End User, By Value, 2019–2029

List of Tables

Table 1        South Africa Disposable Blood Bags Market Size, By Value (USD Million), 2019–2029

Table 2        South Africa Disposable Blood Bags Market Size, By Type, By Value, 2019–2029

Table 3        South Africa Disposable Blood Bags Market Size, By End User, By Value, 2019–2029

Table 4        AdvaCare Pharma Company Overview

Table 5        AdvaCare Pharma Financial Overview

Table 6        Fresenius SE & Co. KGaA Company Overview

Table 7        Fresenius SE & Co. KGaA Financial Overview

Table 8        Genesis BPS Company Overview

Table 9        Genesis BPS Financial Overview

Table 10      Grifols SA Company Overview

Table 11      Grifols SA Financial Overview

Table 12      Haemonetics Corporation Company Overview

Table 13      Haemonetics Corporation Financial Overview

Table 14      HLL Lifecare Limited Company Overview

Table 15      HLL Lifecare Limited Financial Overview