Middle East & Africa Blood Collection Market Size & Outlook
Middle East & Africa blood collection market, 2018-2030 (US$M)
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MEA blood collection market highlights
- The MEA blood collection market generated a revenue of USD 457.9 million in 2022.
- The market is expected to grow at a CAGR of 9.1% from 2023 to 2030.
- In terms of segment, venous was the largest revenue generating collection site in 2022.
- Capillary is the most lucrative collection site segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 457.9 million |
| Market revenue in 2030 | USD 917.3 million |
| Growth rate | 9.1% (CAGR from 2022 to 2030) |
| Largest segment | Venous |
| Fastest growing segment | Capillary |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Venous, Capillary |
| Key market players worldwide | Abbott Laboratories, Nipro Corp, BD, Terumo Corp, Medtronic PLC, Qiagen NV, Haemonetics Corp, FL Medical, Greiner Bio-One |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global blood collection market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,103.0 million by 2030.
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Blood Collection Market Scope
Blood Collection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa blood collection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blood collection market will help companies and investors design strategic landscapes.
Venous was the largest segment with a revenue share of 81.66% in 2022. Horizon Databook has segmented the Middle East & Africa blood collection market based on venous, capillary covering the revenue growth of each sub-segment from 2018 to 2030.
According to WHO, NCDs and injuries account for 48% of deaths in South Africa. Various initiatives have been undertaken by the government to reduce incidence of these diseases. For instance, National Health Promotion Foundation in South Africa monitors disease prevalence and suggests measures to help reduce it.
Growing awareness about available healthcare, initiatives undertaken by various organizations, increasing penetration of health insurance, and privatization of healthcare are some of the factors anticipated to fuel market growth in this region.
Lack of a well-defined regulatory framework and scarcity of skilled healthcare professionals for diagnosis & treatment are anticipated to hinder the MEA market. However, increase in government initiatives to improve healthcare infrastructure in South Africa, Saudi Arabia, and the United Arab Emirates is creating new opportunities for capillary blood collection devices market.
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Our clientele includes a mix of blood collection market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa blood collection market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa blood collection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA blood collection market size, by country, 2018-2030 (US$M)
Middle East & Africa Blood Collection Market Share, 2022 & 2030 (US$M)
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