Saudi Arabia Blood Bags Market to Register CAGR of 5.31% until 2028
Increasing prevalence of blood
transfusion and surgical operations are the major drivers for the Saudi Arabia
Blood Bags market.
According to TechSci Research report, “Saudi Arabia Blood Bags Market – By Region Competition Forecast and
Opportunities, 2018-2028F”, Saudi
Arabia Blood Bags Market stood at USD10.51million in 2022 and is expected to
grow at a CAGR of 5.31% during the forecast period. This can be attributed to
the rise in number of surgeries in the country requiring adequate amount of
blood during the procedure. The growth in demand of blood bags to carry blood
to the respective hospitals is expected to support the market growth during the
forecast period. Moreover, increasing blood transfusion procedure which is required
for treatment of various diseases such as thalassemia, kidney disease, among
others is driving the growth of market. Besides, increasing number of blood
banks and hospital establishments in the country is further expected to
increase the demand for blood bags across Saudi Arabia. As of 2020, there were
around 504 hospitals in Saudi Arabia, regularly requiring blood bags for
different surgical procedures, addressing accident cases, and for blood
donations. This in turn is expected to create lucrative opportunities for the
growth of blood bags market in the country. Furthermore, awareness of blood
donation camps organized by various government and non-government organizations
among people of the nation is further fueling the market growth.
However, the high cost
of the blood bags in the country is expected to slow down the growth of the market
in the coming years. Also, the Saudi Arabia blood bags market is an import
driven market, with major imports being done from countries like United States
and India. There is no local manufacturing in Saudi Arabia. This in turn adds
to the cost of blood bags. This also leads to shortage of blood bags during
trade disruptions, thereby hampering the market growth.
Browse over 25 market data Figures and spread through 91
Pages and an in-depth TOC on "Saudi Arabia Blood Bags Market"
Saudi Arabia Blood Bags
Market segmentation is based on product type, type, volume, material, end-user,
company and regional distribution.
Based on product type,
the market is further divided into single blood bag, double blood bag,
triple blood bag, quadruple blood bag, penta blood bag. Single blood bag segment dominated the market in 2022 with an
overall market share of 34.83%. This can be ascribed to the growing number of blood
transfusion procedures, rise in trauma and accident cases, and increasing
incidences of blood related diseases.
By Volume, the Saudi Arabia
blood bags market can be categorized into 450ml, 350ml, 100ml, 150ml, 250ml,
400ml, 300ml and 500ml. The 450ml capacity blood bags is expected to dominate
the Saudi Arabia Blood Bags market in coming years. Single Blood Bags are
majorly manufactured in the capacity of 450ml. 450ml capacity of blood bags are
coated with anticoagulants and can store blood up to 35 days. 450ml blood bags
are majorly utilized for the collection of blood.
In terms of material, the
Saudi Arabia blood bags market can be segmented into PVC, PET, and others. The
PVC segment dominated the market in 2022 with an overall market share of 75.68%
and will continue maintaining its dominance through 2028. This can be ascribed
to the various advantages associated with PVC blood bags during collection,
processing, storage, and dispensing of blood and its components. PVC's
(Poly-Vinyl Chloride) characteristics are advantageous for collecting blood.
Their use in the production of blood bags is influenced by qualities including
its low cost, extended shelf life, and non-reactive nature. Due to its
simplicity in processing, high standard of patient and staff safety, and
exceptional technical qualities including anti-kinking and biocompatibility,
PVC (Poly-Vinyl Chloride) material is utilized in the production of wide
variety of medical equipment.
Based on end-user, the market is further divided into hospitals &
clinics, ambulatory surgical center, blood banks, others. Hospitals & Clinics segment dominated the market in 2022 due to
rise in surgical operations and blood transfusion procedures which is necessary
for the treatment of several blood-related disorders.
Some of the major
companies operating in the Saudi Arabia Blood Bags Market include:
- Terumo Middle East
- Fresenius Kabi
- Madac International for Medical Products
Factory
- RENOLIT
- Abdulla Fouad Group
- Kiefel Technologies
- AdvaCare Pharma
Download Free Sample Report
Customers can also request for 10% free customization on this report.
“Northern & Central region is
expected to dominate the Saudi Arabia blood bags market in the coming years on
account of increasing hospital and blood bank establishments in the region,
especially in Riyadh. Besides, growing awareness among the population related
to blood donations is expected to support the demand for blood bags in the
coming years.," said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based Global management consulting firm.
Saudi Arabia Blood Bags Market
By Product Type (Single Blood Bag, Double Blood Bag, Triple Blood Bag,
Quadruple Blood Bag, Penta Blood Bag), By Type (Collection Bag, Transfer Bag), By Volume (100ml,
150ml, 250ml, 300ml, 350ml, 400ml, 450ml, 500ml), By Material (PVC, PET,
Others), By End-User (Hospitals & Clinics, Ambulatory Surgical Center,
Blood Banks, Others), By Region, Competition, Forecast & Opportunities,
2018-2028F”, has evaluated the future growth potential of Saudi Arabia Blood
Bags Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide innovative 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 Saudi Arabia Blood Bags Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com