The global plasma bottle market is expected to augment at an impressive CAGR of around 4% to 5% throughout the assessment period from 2022 to 2032. The growth of the global plasma bottle market is anticipated to increase due to the surging emphasis on the development of novel sterile medical packaging solutions for storing body fluids is expected to facilitate the growth in the global market.
Furthermore, plasma bottles are sterilized bottles utilized 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 predicted to be available in a variety of sizes and are generally made up of glass or medical-grade plastics.
The processing and maintaining the accurate composition of blood, plasma, and other tissues with maximum hygienic conditions becomes a crucial task for medical banks. Since plasma bottles assist in completing this task, they are gaining huge popularity across medical & healthcare spaces.
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Key Takeaways
- With a growing vehicular fleet paired with rising traffic congestion, there is a substantial increase in the number of road accidents all over the world, which is expected to create strong demand for associated treatments and supplements. According to a recent survey conducted by the National Crime Records Bureau, in 2020, approximately 354,796 incidences of road accidents were reported in India.
- The surging burden of road accidents is anticipated to accelerate the demand for blood and blood components for those patients with high blood loss. Since plasma bottles are extensively used for the safe collecting, storing, packaging, and transportation of blood components, the surging need for blood components is estimated to create lucrative growth opportunities in the global market.
- In addition to that, the leading plasma bottle manufacturers are persistently aiming at adopting novel production processes in order to manufacture plasma bottles with varying sizes, shapes, and colors with minimum defects, which is expected to favor the growth in the market.
- Owing to the presence of stringent standards and norms for the development and approval of sterile medical packaging solutions across various regions including North America, Europe, and Asia Pacific is projected to restrain the growth in the global plasma bottle market.
- Furthermore, the 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.
Competitive Landscape
Some of the prominent market players in the global plasma bottle market are increasingly focusing on launching new products to expand their product portfolio and adopting production capacity expansion and agreement strategies for strengthening their footprint.
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More Insights into the Plasma Bottle Market
According to Future Market Insights, the South Asian region is anticipated to dominate the global plasma bottle market throughout the forecast period by accounting for the lion’s share.
On the account of growing burden of road accidents and surging prevalence of blood-related diseases across the Asia Pacific region is known as a significant rise in blood & blood component transfusion is being witnessed in the countries such as India, Thailand, Bangladesh, and others.
According to the reports by the Friends2support Organization, around 50 Mn units of blood are required each year and nearly 30 Mn units of blood components such as plasma are transfused every year in India. As plasma bottles are extensively used across numerous medical banks for the transportation of blood components, the increasing need for blood transfusion is expected to facilitate growth in the South Asia market.
North America is yet another region predicted to bolster impressive growth over the assessment period by accounting for a significant market share in the global plasma bottle market during the forecast period 2022-2032, states FMI.
An increased inclination is witnessed for proper storage and transportation of blood components in maximum hygienic conditions for maintaining the quality of blood, and the demand for novel medical packaging solutions such as plasma bottles is rapidly increasing.
Furthermore, the launch of new guidelines on Human Blood and Transfusion Services by the New York State Council for the 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 American market.
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Key Segmentation:
By Raw Material:
- Glass
- Type I
- Type II
- Plastics
By Shape:
- Cylindrical
- Rectangular
- Tubular
By Capacity:
- Up to 50ml
- Up to 100 ml
- Up to 250ml
- Up to 500ml
- Up to 1000ml
- Above 1000ml
By End Use:
- Pharmaceuticals
- Healthcare & Medical
- Research & Development
- Defense
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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