Saudi Arabia Blood Bags Market
The Saudi Arabia Blood Bags Market stood at USD 10.51 million in 2022 and is expected to register a CAGR of 1.84% and reach USD 14.20 million by 2028. The Saudi Arabia Blood Bags Market is highly consolidated with few market players and various blood bag distributors operating in the country. The market is also enhanced by new suppliers during the forecast period.
The single blood bag dominated the product type segment of the Saudi Arabia Blood Bags due to its cost-effectiveness and increased usage for blood collection in various blood donation camps and blood banks. As single blood bag can only be used as a whole blood bag therefore quadruple blood bags are expected to dominate the market owing to its easy extraction of blood components for the usage in the treatment of various blood related diseases.
Blood banking has a pivotal role in providing emergency & critical health care services. People of Saudi Arabia have become more aware about the benefits of blood donation and increased the donation frequently, thereby significantly increasing the demand for blood bags.
According to a research paper published by the National Centre For Biotechnological Information, in 2020, 342,460 nationwide blood donations were registered in governmental donation centers, out of these blood donations, 60% of blood donations were performed voluntary, 36% were compensatory and 4% were during the license renewal. The Tarif and Alqonfoda region experienced the highest blood donation rate per 1000 individuals.
The Saudi Arabia Blood Bags Market is primarily driven by the rising cases of fatal incidents across the region. The increased number of road injuries from accidents, has increased the demand of blood transfusions to respond immediately in these conditions. According to WHO, over the two decades Saudi Arabia recorded 4 million traffic accidents, leading to 86,000 deaths & 611,000 injuries, this rises the blood transfusion needs & thereby augment the increase in blood bags demand.
In terms of material, PVC (polyvinyl chloride) dominated the market in 2022 and is expected to register the highest growth of around 5.56% during the forecast period. This is attributed to the PVC's affordability, ease of processing, and unique technical properties that include anti-kinking and biocompatibility.
PVC (Polyvinyl chloride) is widely used material for the making of blood bags. There are various advantages of choosing PVC as the material are easy sterilization, transparency, cost-effective, chemically stable, easy to process by varied technologies, long shelf-life, among others.
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