The growing prevalence of Alzheimer’s and dementia and Ischaemic Heart Diseases (IHD) in the United Kingdom is anticipated to fuel the United Kingdom Blood Bags Market.
According to TechSci Research report, “United Kingdom Blood Bags Market – By Region, Forecast & Opportunities, 2017-2027”, the United Kingdom Blood Bags Market stood at USD 10.63 million in 2021 and is anticipated to reach USD 16.87 million by 2027. This can be attributed to the increased cases of fatal work-related injuries and road accidents occurring in the United Kingdom.
A remarkable hike in the road and drink and drive accidents occurring across the country are majorly responsible for driving the United Kingdom Blood Bags market. Road accidents can result in severe blood loss, which requires blood replenishment as soon as possible. Besides, there is a prevalence of ischaemic heart diseases (IHD) or better called as coronary heart diseases (CHD) that will surge the number of surgeries taking place in the country. Furthermore, a raise in fatal injuries like a fall from height, trapped between a moving machinery or something collapsing or overturning happening to workers is again encouraging the United Kingdom Blood Bags market to grow with a handsome CAGR. Also, a few initiatives taken by the United Kingdom government (National Health Services Blood and Transplant (NHSBT)) like the introduction of Community Investment Scheme to support donation among Black, Asian, mixed-race and minority ethnic communities is further expanding the United Kingdom Blood Bags market. However, dearth of skilled personnel for collecting the blood as well as low awareness about voluntary blood donation can hinder the market growth in the near future.
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The United Kingdom Blood Bags Market is segmented into product, type, volume, material, end-user, region, and by company. Based on product, the market can be segmented into Single Blood Bag, Triple Blood Bag, Double Blood Bag, Quadruple Blood Bag and Penta Blood Bag. The Single Blood Bag held the largest market share of around 35.36% in 2021. The possible reason of this could be an increase in the prevalence of Alzheimer’s and Coronary Heart Diseases (CHD) in the United Kingdom. Moreover, it is the whole blood which is collected in single blood bags which is further separated into different blood components. Several times, during a heart surgery, a patient requires the replenishment of the entire whole blood and not just a component.
Based on the type, the market is split into Collection Bag and Transfer Bag. The Collection Bag dominated the market in 2021 and is anticipated to maintain its dominance during the forecast period. This is so because collection bags are used for storing the blood. This is the most useful type of bag when there is a need to stock blood. Transfer bags are basically satellite bags or additional bags used when there is a need of transfusing just a component of blood and not the entire whole blood.
Based on end-user, the market is categorized into Hospitals and Clinics, Blood Banks, Ambulatory Surgical Centers and Others. Out of these, Hospitals and Clinics leads the market with the highest share of 38.50% in 2021. Growing investments in construction of healthcare centers is propagating the market. Also, a boost in blood donations across the country is further propelling the segment. Another factor responsible for the growth of Hospitals and Clinics in the forecast period is the road accidents and fatal work-related injuries that take place every day.
The leading companies operating in the United Kingdom Blood Bags Market are:
- Maco Pharma International GmbH
- Terumo BCT Inc
- KB MEDICAL (GROUP) INC.
- Troge Medical GmbH
- BL Lifesciences Pvt Ltd.
- Select IVF
- Bourn Hall Fertility Clinic
- HealthPlus Fertility Center
- Burjeel Hospital
- PRC Fertility Center
United Kingdom Blood Bags Market is a highly fragmented market with few established companies holding significant share in the industry followed by several stand-alone diagnostic labs players. However, the market is also dependent on medical tourism, especially from Western Countries.
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“The surge in cases of Alzheimer’s and dementia in the United Kingdom is beyond acceptance and what is worse is the death rate associated with it. Alzheimer’s has no cure yet, but new research results have suggested a fruitful outcome after transfusing young blood products. Although more study is necessitated in this field before concluding anything, this therapy can do wonders to Alzheimer’s sufferers in the United Kingdom and propel the United Kingdom Blood Bags industry. Furthermore, there are a lot of deaths occurring in the country due to ischaemic heart diseases. Usually, these diseases can be treated with heart surgeries, some of which may require a transplant. These can ultimately drive the blood bags market of the United Kingdom significantly.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United Kingdom Blood Bags Market By Product (Single Blood Bag, Triple Blood Bag, Double Blood Bag, Quadruple Blood Bag, Penta Blood Bag), By Type (Collection Bag v/s Transfer 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, Competition, Forecast & Opportunities, 2017-2027F”, has evaluated the future growth potential of United Kingdom Blood Bags Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Blood Bags Market.
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