The demand in the global plasma bottle market is estimated to project growth at a CAGR of around 4% to 5% during the assessment period 2022 to 2032. Increasing emphasis on the development of novel sterile medical packaging solutions for storing body fluids is expected to facilitate the growth in the global market.
| Report Attribute | Details |
|---|---|
| Plasma Bottle Market Projected Growth Rate (2022 to 2032) | 4% to 5% CAGR |
Plasma bottles are sterilized bottles used for packaging and storing non-cellular portions of blood, protein, and electrolytes commonly referred to as plasma across blood banks, defense, and medical banks. These bottles are available in a variety of sizes and are generally made up of glass or medical-grade plastics.
The processing and maintaining the composition of blood, plasma, and other tissues with maximum hygienic conditions becomes a crucial task for medical banks. As plasma bottles assist in completing this task, they are gaining huge popularity across medial & healthcare spaces.
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With growing vehicular fleet and rising traffic congestion, there is a substantial increase in number of road accidents across the world, creating strong demand for associate treatments and supplements. For instance, according to a survey by the National Crime Records Bureau, in 2020, approximately 354,796 incidences of road accidents were reported in India.
This rising burden of road accidents is accelerating the demand for blood and blood components for the patients with high blood loss. As plasma bottles are extensively used for safe collecting, storing, packaging, and transportation of blood components, surging need for blood components is estimated to create lucrative growth opportunities in the global market.
In addition to this, the leading plasma bottle manufacturers are constantly aiming at adopting novel production processes for manufacturing plasma bottles with varying sizes, shapes, and colors with minimum defects, which is expected to favor the growth in the market.
Presence of stringent standards and norms for the development and approval of sterile medical packaging solutions across regions such as North America, Europe, and Asia Pacific is projected to restrain the growth in the global plasma bottle market.
Also, implementation of strict regulations regarding the use of plastics, due to the rising concerns regarding disposal and environmental impact is expected to hamper the demand for plasma bottles across the plastics segment.
As per Future Market Insights, South Asia is forecast to account for the lion’s share in the global plasma bottle market between 2022 and 2032.
Due to the growing burden of road accidents and increasing prevalence of blood-related diseases across Asia Pacific, a significant rise in blood & blood component transfusion is being witnessed in the countries such as India, Thailand, Bangladesh, and others.
For instance, according to a report by the Friends2support Organization, around 50 Million units of blood are required each year and nearly 30 Million units of blood components such as plasma are transfused every year in India. As plasma bottles are extensively used across numerous medical banks for transportation of blood components, increasing need for blood transfusion is expected to facilitate the growth in the South Asia market.
North America is expected to account for a significant share in the global plasma bottle market during the forecast period 2022 to 2032, states FMI.
With growing focus on proper storage and transportation of blood components in maximum hygienic conditions for maintaining the quality of blood, the demand for novel medical packaging solutions such as plasma bottles is rapidly increasing.
Also, launch of new guidelines on Human Blood and Transfusion Services by the New York State Council for processing and administration of plasma is further elevating the adoption of disinfected plasma storage solutions. This is anticipated to bolster the sales of plasma bottles in the North America market.
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Some of the leading players in the plasma bottle market are SGD Pharma and Adelphi Group. These players are increasingly focusing on launching new products to expanding their product portfolio and adoption production capacity expansion and agreement strategies for strengthening their footprint.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% to 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Raw Material, Shape, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Companies Profiled | SGD Pharma; Adelphi Grou; Others |
| Customization | Available Upon Request |
FMI projects the sales of plasma bottle in the market is expected to rise at 4% to 5% value CAGR by 2032
The global plasma bottle market is expected to be dominated by South Asia the forecast period 2022-2032.
SGD Pharma, Adelphi Group, and others are some of the leading players in the prominent plasma bottle market.
| Market Estimated Size in 2023 | USD 53.0 billion |
|---|---|
| Projected Market Value in 2033 | USD 74.7 billion |
| Value-based CAGR from 2023 to 2033 | 3.50% |
| Market Share (2023) | US$ 168.0 million |
|---|---|
| Market Share (2033) | US$ 283.9 million |
| Market CAGR (2023 to 2033) | 5.4% |
| Expected Market Value in 2023 | USD 850.8 million |
|---|---|
| Projected Market Value in 2033 | USD 1,490 million |
| Growth Rate (2023 to 2033) | 5.7% CAGR |
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Plasma Bottle Market
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