Transfusion bottles are utilized frequently to carry and pack various healthcare and pharmaceutical products, such as blood. These bottles consist of molded glass and have a rubber cap to seal the container. They are used in hospitals for the purpose of storing liquid medicines.
MARKET SCOPE
The "Global Transfusion Bottles Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the transfusion bottles market with detailed market segmentation by material, sales channel, end-user, and geography. The report provides key statistics on the market status of the leading transfusion bottles market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on material, the global transfusion bottles market is segmented into glass, plastics, polypropylene (PP), polyethylene terephthalate (PET), poly vinyl chloride (PVC), and others.
-On the basis of sales channel, the market is segmented into manufacturers, distributors, retailers, and e-retailers.
-On the basis of end-users, the market is bifurcated into hospitals, clinics, blood banks, institutions, research laboratories, and others.
MARKET DYNAMICS
Drivers
- Increasing demand for safe packaging for pharmaceutical products, rapid urbanization along with growing cases of blood related diseases are driving the transfusion bottles market.
- Growing expansion of the healthcare as well as pharmaceutical industries, increasing demand for affordable, easy to use and convenient packaging solutions for medical use are factors that boosts the market growth.
- Improving healthcare facilities and technological advancement associated with healthcare and pharmaceutical industries fuel the market growth.
Restraints
- Availability of alternative packaging solutions.
- Stringent rules and regulations regarding the pharmaceutical packaging solutions.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The transfusion bottles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the transfusion bottles market in these regions.
IMPACT OF COVID-19 ON TRANSFUSION BOTTLES MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. As the COVID-19 pandemic spread globally, it led to lockdowns, unavailability of raw materials, disruptions in supply chain of medical device, recruitment challenges for clinical trials and reduced patient flow. Moreover, the transmission of COVID-19 has a significant effect on the amount of blood donations, the supply of blood and the protection of blood. SARS-CoV-2 has a long incubation period which usually ranges between 1-14 days; 5-6 days on average; 24 days longest reported. It has also caused asymptomatic infection in a large number of population, which give rise to enormous challenges in the recruitment of blood donors, storage of blood and in the protection of blood. Hence, for a given time period the market may face slow growth.
MARKET PLAYERS
The report covers key developments in the transfusion bottles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from transfusion bottles market are anticipated to have lucrative growth opportunities in the future with the rising demand for transfusion bottles in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the transfusion bottles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Gerresheimer AG
-Shijiazhuang Xinfuda Medical Packaging Co., Ltd.
-SCHOTT AG
-Bergenlov International Packaging AB(BIPAC).
-Fresenius SE & Co. KGaA
-Terumo Corporation
-B. Braun Melsungen AG
-Polymedicure
-Baxter
-BD
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