Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Blood Bags Market, By Product Type, By Mode of Type, By Mode of Volume, By Mode of Material, By Mode of End User, By Region, Competition, Forecast & Opportunities, 2018-2028F ” under Life Sciences Market Research Reports category. The Blood Bags Market in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Blood Bags in Saudi Arabia Report and Forecast 2018-2028F
Saudi Arabia Blood Bags market was valued at USD10.51 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.31% through 2028, owing to the increase in several people suffering from blood-related diseases in the country. The other factors supporting the growth of the market are the rise in the prevalence of infectious diseases, the increase in the number of road accidents, the rising number of surgeries, C-sections, organ transplants, and others. Therefore, there is an increase in demand for blood for the treatment of various diseases as well as surgeries expected to propel the growth of Saudi Arabia blood-bags market in the upcoming years.
Growing Prevalence of Blood-Related Diseases :
Growing blood-related disorders such as sickle cell anemia, thalassemia, leukemia, and others in the country are expected to impel the growth of the market. This is because these diseases require a large volume of blood for their treatment. Moreover, these diseases are highly prevalent in the southern and eastern regions of the country. According to the data reported by Global Cancer Observatory, in 2020, approximately 1676 new cases were reported of leukemia in Saudi Arabia. Similarly, there were around 1698 patients detected with non-hodgkin’s lymphoma, 687 with Hodgkin's lymphoma, and 265 with multiple myeloma. The growing number of leukemia cases in the country is expected to support the growth of the market. The increasing prevalence of blood-related disorders requiring regular transfusion of blood is further expected to increase the demand for blood bags in Saudi Arabia in the coming years.
Increasing Number of Road Accidents :
A rise in the number of road accidents is increasing the growth of the market in the country. These accidents cause a huge amount of blood loss which requires an adequate volume of blood to be provided to the patient. Several times surgical operations which are associated with the treatment also require blood which increases the demand for blood bags. According to the Ministry of Health of Saudi Arabia, 25,561 cases of road traffic injuries have been reported in 2020 where 21,492 were males and 4,069 were females. Saudi Arabia occupies a leading position with high mortality and morbidity even with all the precautionary measures and programs implemented by the local or national governmental bodies. Research studies suggested that recently around 19 deaths occur every day and 4 people are injured every hour in the country due to road accidents.
Growing Awareness for Blood Donation :
The increasing awareness among the population related to blood donation is expected to increase the demand for blood bags across Saudi Arabia, especially blood collection bags. Additionally, the government is also taking initiatives to increase blood donation activity in the country. The Ministry of Health Affairs in Saudi Arabia has launched an app “Wateen” aorta for blood donation. Wateen is a non-profitable initiative to increase awareness about the significance of voluntary blood donations and to ensure a sufficient supply of blood across the nation. The app facilitates the user to find donors' lists, blood bank locations, and donation requests on social media along with reminding the participant of the due donation date thereby filling the gap between the donor and the blood bank or recipient while anticipating the rise in the blood bags. This in turn is expected to create lucrative opportunities for the growth of the blood bags market in Saudi Arabia.
Market Segmentation :
Saudi Arabia Blood Bags market is segmented based on product type, type, volume, material, end-user, region, and company. Based on Product Type, the market is further fragmented into Single Blood Bags, Double Blood bags, Triple Blood bags, Quadruple Blood Bags, and Penta Blood bags. Also, segmentation of the market on grounds of Type is done into Collection Bag v/s Transfer Bag. Based on Volume, the market is segmented into 100ml, 150ml, 250ml, 300ml, 350ml, 400ml, 450ml, and 500ml. Based on the material market is segmented into PVC, PET, and Others. Further, based on the end-user market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers, Blood Banks, and Others. Based on Region the market is divided into the North & Central Region, Eastern Region, Western Region, and Southern Region.
Company Profiles :
Terumo Middle East, Fresenius Kabi, Madac International for Medical Products Factory, RENOLIT, Abdulla Fouad Group, Kiefel Technologies, AdvaCare Pharma, and Jamjoom Group are some of the leading companies in the Saudi Arabia blood bags market.
In this report, Saudi Arabia Blood Bags Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Blood Bags Market, By Product Type:
Single Blood Bag
Double Blood Bag
Triple Blood Bag
Quadruple Blood Bag
Penta Blood Bag
•Saudi Arabia Blood Bags Market, By Type:
•Saudi Arabia Blood Bags Market, By Volume:
•Saudi Arabia Blood Bags Market, By Material:
•Saudi Arabia Blood Bags Market, By End User:
Hospitals & Clinics
Ambulatory Surgical Center
•Saudi Arabia Blood Bags Market, By Region:
Northern & Central
Company Profiles: Detailed analysis of the major companies present in the Blood Bags Market.
With the given market data,offers customizations according to a company’s specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).
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