Report Overview

Saudi Arabia Blood Bags Market - Industry Trends & Forecast Report 2028

Saudi Arabia Blood Bags Market is predicted to grow at a CAGR of 9.1% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the rise in chronic diseases and organ failures necessitating lengthy surgical procedures. Also, increasing blood-related diseases that require blood transfusions, which further drive the growth of the Saudi Arabia Blood Bags Market in the next five years. Moreover, government initiatives to improve the healthcare sector, as well as an increase in the number of hospitals, blood banks, and other healthcare facilities, are propelling the Saudi Arabia Blood Bags Market forward. Furthermore, citizens' growing awareness of the importance of blood donation is driving up the demand for blood bags all over the country.

Blood Bag - Overview

Blood is collected, separated, stored, and transported with reliability using blood bags. The design of rounded blood bags avoids blood coagulation and guarantees the correct mixing of the blood and anti-coagulants during separation and transfusion. Today's preferred material is plasticized PVC, which was the plastic used in the original blood bags produced by Carl Walter more than 40 years ago. Plastic bags were created to lessen the weight and breakage of bottles in military blood shipment, but they ended up having a lot of benefits. The ability to create components, a further decrease in bacterial contamination, and improved storage with less hemolysis were some of these benefits.

Saudi Arabia Blood Bags Market Forecast and Trends

Growth Drivers

Increasing Number of Crashes Caused by Traffic

Many individuals per year pass away in motor vehicle accidents. Between 20 and 50 million people suffer non-fatal injuries, and many of them are disabled as a result. Around 10% of the country's autos are found in low- and middle-income regions, which also account for around 75% of all road fatalities nationwide. People from low socioeconomic backgrounds are more likely to be involved in a traffic accident, even in high-income areas. As a result, an increase in traffic accidents may cause more blood loss injuries and spur market expansion. This is a significant reason fueling the market for blood bags to rise.

Increasing Prevalence of Infectious Diseases

One of the main factors driving the demand for efficient blood collection is the increased prevalence of infectious diseases such as hepatitis B (HBV), hepatitis C (HCV), human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis (due to the risk of disease transmission during blood transfusion). Moreover, nationwide, the prevalence of chronic diseases is rising quickly. Cardiovascular disease is responsible for about half of all chronic disease deaths (CVD). In addition to already affecting a significant section of the population, obesity and diabetes are also exhibiting concerning tendencies due to their early onset. The prevalence of lifestyle diseases is increasing nationwide, especially in developed areas. This circumstance has insured increased health checkup adherence and the rising significance of indicators to detect disease situations, primarily via blood collection. Health examinations are becoming more and more common, both personally and in the workplace for the well-being of employees. Given that blood tests are the main method of identifying various disorders, this is expected to be advantageous for market growth and a substantial contributor to the market for blood collection devices.

Increased Blood Donation Programs

It is anticipated that the high number of blood collection initiatives linked to blood collection bags would raise the significance of high-income nations. The market for blood bags is anticipated to grow in the future since the collected blood can be used to extract blood components like platelets and plasma. Disposable blood bags will also be used more frequently as blood donation clinics and plasma collections proliferate globally. This is a significant reason fueling the market for blood bags to rise. Moreover, initiatives supported by the government are being carried out in several Saudi Arabian regions. The demand for blood bags in the area is rising as a result of government measures to boost voluntary blood sampling operations. All these factors boost the growth of the Saudi Arabia Blood Bags Market during the forecast period (2022-2028).

Growth of the Healthcare Aware Population Support Market

Concerns among the population about receiving the best possible healthcare services are also driving the growth of the Saudi Arabia Blood Bags Market during the forecast period. The government and private companies dedicated to raising awareness about a healthier lifestyle are actively working to warn the public and promote a healthier lifestyle. Furthermore, the adult population is becoming more concerned with and inclined toward health, as well as more health conscious. Additionally, the population is inclined toward recent advancements in blood bags and prefers eco-friendly blood bags, which further aid the growth of the Saudi Arabia Blood Bags Market Market during the forecast period.

Restraints

High Price of Blood Bags

Despite the increased prevalence of co-morbid illnesses, the expensive cost of these blood bags may limit the growth of the Saudi Arabia Blood Bags Market. Moreover, the market is anticipated to develop over the future years, although there are several drawbacks, including a lack of infrastructure facilities for blood collection and storage and poor awareness of voluntary blood donation campaigns. All these factors hinder the growth of the Saudi Arabia Blood Bags Market Market

Impact of COVID-19 on Saudi Arabia Blood Bags Market

The global market for disposable blood bags is expected to rise as a result of the COVID-19 epidemic. Passive immunotherapy employing whole blood or plasma from recovered patients has emerged as a promising infection prevention tactic in the COVID-19 pandemic. Hospitals all across the world use the technique of transfusing neutralizing antibodies through recuperating blood. As a result, the use of blood bags grows due to the quick uptake of immunotherapy employing blood and plasma, which is predicted to fuel market expansion throughout the forecast period. Thus, the substantial danger involved with blood donation and transfusions restrains market expansion.

Saudi Arabia Blood Bags Market - By Type

Based on the type, the Saudi Arabia Blood Bags Market is segmented into Collection Bag, and Transfer Bag. Among these, the collection bag segment dominates the market, and this trend is anticipated to continue over the projected period. This is due to the growth in pharmaceutical sector R&D efforts, a boost in the number of product approvals, and a surge in the use of immunotherapy procedures However, due to an increase in surgeries, the transfer bag market is anticipated to develop significantly throughout the forecast period. All these factors propel the growth of the Saudi Arabia Blood Bags Market during a forecast period (2022-2028).

Saudi Arabia Blood Bags Market – By Product Type

Based on product type, the Saudi Arabia Blood Bags Market is segmented into Single Blood Bag, Double Blood Bag, Triple Blood Bag, Quadruple Blood Bag, and Penta Blood Bag. Among these, the single blood bag segment holds the largest market share. This is owing to an increase in the number of blood transfusion procedures, an increase in the number of trauma and accident cases, and an increase in the incidences of various blood-related disorders. All these factors boost the growth of the Saudi Arabia Blood Bags Market during the forecast period (2022-2028).

Saudi Arabia Blood Bags Market - By End-User

Based on end-user, the Saudi Arabia Blood Bags Market is segmented into Hospitals & Clinics, Ambulatory Surgical Centre, Blood Banks, and Others. The hospitals and clinics segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). The rise in the prevalence of infectious diseases, the increase in trauma cases, C-sections, and organ transplants, as well as the demand for blood collection equipment and devices in healthcare facilities, are all contributing factors to the market segment's expansion. Moreover, due to the rising number of surgical procedures that require a significant amount of blood flow, the hospital segment may experience strong growth throughout the anticipated timeframe. The market is expected to benefit from the rising blood diseases, expansion of the healthcare industry, and rising number of hospitals and health clinics being built.

Competitive Landscape

The leading market players in the Saudi Arabia Blood Bags Market are Madac International, Abdulla Fouad Group, Haemonetics Corporation Saudi Arabia, Teleflex Company, Terumo Middle East, Fresenius Medical Care Saudi Arabia Limited, Grifols Saudi Arabia, and other prominent players.

The Saudi Arabia Blood Bags Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Scope of the Report

By Type

• Collection Bag
• Transfer Bag

By Product Type

• Single Blood Bag
• Double Blood Bag
• Triple Blood Bag
• Quadruple Blood Bag
• Penta Blood Bag

By End-User

• Hospitals & Clinics
• Ambulatory Surgical Centre
• Blood Banks
• Others

By Volume

• 100 ml
• 150 ml
• 250 ml
• 300 ml
• 350 ml
• 400 ml
• 450 ml
• 500 ml and Above

By Material

• PVC
• PET
• Others

1. Research Framework
   1. Research Objective
   2.  Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Saudi Arabia Blood Bags Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Saudi Arabia Blood Bags Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Collection Bag
         2. Transfer Bag
      2. By Product Type
         1. Single Blood Bag
         2. Double Blood Bag
         3. Triple Blood Bag
         4. Quadruple Blood Bag
         5. Penta Blood Bag
      3. By End-User
         1. Hospitals & Clinics
         2. Ambulatory Surgical Centre
         3. Blood Banks
         4. Others
      4. By Volume
         1. 100 ml
         2. 150 ml
         3. 250 ml
         4. 300 ml
         5. 350 ml
         6. 400 ml
         7. 450 ml
         8. 500 ml and Above
      5.  By Material
         1. PVC
         2. PET
         3. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
7. Impact of COVID-19 on Saudi Arabia Blood Bags Market Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Madac International
   2. Abdulla Fouad Group
   3. Haemonetics Corporation Saudi Arabia
   4. Teleflex Company
   5. Terumo Middle East
   6. Fresenius Medical Care Saudi Arabia Limited
   7. Grifols Saudi Arabia
   8. Other Prominent Players
9. Key Strategic Recommendations

Note: Financial in information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Saudi Arabia Blood Bags Segmentation

Figure 2        Saudi Arabia Blood Bags Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        Saudi Arabia Blood Bags Market Size, By Value (USD Million), 2018-2028

Figure 5        Saudi Arabia Blood Bags Market Share, By Type, By Value, 2018-2028

Figure 6        Saudi Arabia Blood Bags Market Share, By Product Type, By Value, 2018-2028

Figure 7        Saudi Arabia Blood Bags Market Share, By End-User, By Value, 2018-2028

Figure 8        Saudi Arabia Blood Bags Market Share, By Volume, By Value, 2018-2028

Figure 9        Saudi Arabia Blood Bags Market Share, By Material, By Value, 2018-2028

Figure 10       Market Share Analysis, 2021

List of Tables

Table 1         Saudi Arabia Blood Bags Market Size, By Type, By Value, 2018-2028

Table 2         Saudi Arabia Blood Bags Market Size, By Product Type, By Value, 2018-2028

Table 3         Saudi Arabia Blood Bags Market Size, By End-User, By Value, 2018-2028

Table 4         Saudi Arabia Blood Bags Market Size, By Volume, By Value, 2018-2028

Table 5         Saudi Arabia Blood Bags Market Size, By Material, By Value, 2018-2028

Table 6         Key Players and Their Offerings

Table 7         Competitive Benchmarking, By Operating Parameters

Table 8         Merger Acquisition, Partnership, Joint-Ventures, etc.

Table 9         Madac International Company Overview

Table 10        Madac International Financial Overview

Table 11        Abdulla Fouad Group Company Overview

Table 12        Abdulla Fouad Group Financial Overview

Table 13        Haemonetics Corporation Saudi Arabia Company Overview

Table 14        Haemonetics Corporation Saudi Arabia Financial Overview

Table 15        Teleflex Company Overview

Table 16        Teleflex Company Financial Overview

Table 17        Terumo Middle East Company Overview

Table 18        Terumo Middle East Financial Overview

Table 19        Fresenius Medical Care Saudi Arabia Limited Company Overview

Table 20        Fresenius Medical Care Saudi Arabia Limited Financial Overview

Table 21        Grifols Saudi Arabia Company Overview

Table 22        Grifols Saudi Arabia Financial Overview