South Africa Disposable Blood Bags Market Insights Forecasts to 2033

• The South Africa Disposable Blood Bags Market Size was valued at USD 2.55 Million in 2023.
• The Market Size is Growing at a CAGR of 5.36% from 2023 to 2033
• The South Africa Disposable Blood Bags Market Size is Expected to Reach USD 4.30 Million by 2033

The South Africa Disposable Blood Bags Market Size is Anticipated to Reach USD 4.30 Million by 2033, Growing at a CAGR of 5.36% from 2023 to 2033

Market Overview

A disposable blood bag is made of thin, sterile, and transparent plastic designed to take blood and all its parts, collect, transfer, store, and transfuse. Blood bags are used for collection, storage, and ease of processing plasma and blood cells. They are constructed from biocompatible PVC that has been properly combined with additives to prevent it from reacting with blood components. Furthermore, disposable blood bags are preferred over glass bottles because they must be cleaned, rinsed, and autoclaved, and can break at any time. To treat a range of blood problems, cryoprecipitate, platelets, and plasma are separated from blood using disposable blood bags. All these factors, including the growing number of blood donation programs, trauma, injuries, and the high incidence of blood-related and other chronic diseases, could fuel the South African disposable blood bags market growth.

Report Coverage

This research report categorizes the market for the South Africa disposable blood bags market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Africa disposable blood bags market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Africa disposable blood bags market.

Driving Factors

A rise in vehicle-induced crashes is expected to drive the growth of South Africa’s disposable blood bag market, throughout the forecast period. Increased trauma and accident cases will also contribute to further market growth. According to Road Traffic Management Corporation (RTMC), between January and March 2024, the number of deaths reported was 2818, whereas the same period in 2023 had 2498 cases. Thus, the new cases of accident victims who were severely injured thus requiring surgical procedures and blood transfusions increased the demand for blood. Apart from chronic conditions, increasing demand for blood components such as WBC, plasma, platelets, granulocytes, factor concentrates, and RBCs is likely to propel the growth in the market for disposable blood bags in the forecast period. The demand for empty disposable blood bags by blood-derived product manufacturing companies is also expected to drive South Africa’s disposable blood bags market in the forecast period.

Restraining Factors

Low information availability on voluntary blood donation activities stands out as a huge challenge to the growth of this blood-collecting sector. False perceptions about blood donation form one major challenge to the encouragement of nationwide voluntary blood donation. Poor facility for collecting and storing blood leads to the loss of collected blood which increases the gap between supply and demand in the market of disposable blood bags.

Market Segmentation

The South Africa disposable blood bags market share is classified into type and end-user.

• The collection bag segment is expected to hold the largest market share through the forecast period.

The South Africa disposable blood bags market is segmented by type into collection bags and transfer bags. Among these, the collection bag segment is expected to hold the largest market share through the forecast period. This is because the pharmaceutical industry is expected to increase its efforts on R&D, hence receiving more approvals on its product, and the use of immunotherapy procedures increases.

• The hospital-based segment is expected to dominate the South Africa disposable blood bags market during the forecast period.       

Based on the end-user, the South Africa disposable blood bags market is divided into hospital-based and stand-alone. Among these, the hospital-based segment is expected to dominate the South Africa disposable blood bags market during the forecast period. The reason behind the dominance of the hospital-based segment is the rise in heart ailments and trauma cases.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Africa disposable blood bags market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• AdvaCare Pharma
• Fresenius SE & Co. KGaA
• Genesis BPS, Grifols SA
• Haemonetics Corporation
• HLL Lifecare Limited
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Africa, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the South Africa disposable blood bags market based on the below-mentioned segments:

South Africa Disposable Blood Bags Market, By Type

• Collection Bags
• Transfer Bags

South Africa Disposable Blood Bags Market, By End-User

• Hospital-based
• Stand-alone