South Africa Blood Collection Market Size & Outlook
South Africa blood collection market, 2018-2030 (US$M)
Related Markets
South Africa blood collection market highlights
- The South Africa blood collection market generated a revenue of USD 126.1 million in 2022 and is expected to reach USD 276.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.3% 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.
Blood collection market data book summary
| Market revenue in 2022 | USD 126.1 million |
| Market revenue in 2030 | USD 276.1 million |
| Growth rate | 10.3% (CAGR from 2022 to 2030) |
| Largest segment | Venous |
| Fastest growing segment | Capillary |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Africa accounted for 1.2% of the global blood collection market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa blood collection market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 276.1 million by 2030.
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Blood Collection Market Scope
Blood Collection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 81.28% in 2022. Horizon Databook has segmented the South Africa blood collection market based on venous, capillary covering the revenue growth of each sub-segment from 2018 to 2030.
Local presence of leading players is expected to boost market growth in the near future. For instance, Lasec SA (Pty) Ltd. offers capillary tubes, capillary tubes, sample collection kits, and other accessories. The COVID-19 pandemic has impacted blood collection market in the country.
South Africa has a limited amount of blood products; the Western Cape Blood Service (WCBS) and South African National Blood Service (SANBS) need to collect over 3,500 units of blood each day to maintain adequate stocks.
Less than 1% of the population donates blood regularly and over 30% of blood donors are under the age of 25, thus, demonstrating the burden on blood collection when universities & schools are shut due to the nationwide lockdown. Strategic initiatives should be undertaken to enhance blood donations during the pandemic.
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Our clientele includes a mix of blood collection market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa blood collection market, including forecasts for subscribers. This country databook contains high-level insights into South Africa blood collection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa blood collection market size, by collection site, 2018-2030 (US$M)
South Africa Blood Collection Market Share, 2022 & 2030 (US$M)
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