Saudi Arabia Blood Transfusion Diagnostics Market Size & Outlook
Saudi Arabia blood transfusion diagnostics market, 2016-2027 (US$M)
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Saudi Arabia blood transfusion diagnostics market highlights
- The Saudi Arabia blood transfusion diagnostics market generated a revenue of USD 26.0 million in 2020 and is expected to reach USD 44.6 million by 2027.
- The Saudi Arabia market is expected to grow at a CAGR of 8% from 2021 to 2027.
- In terms of segment, reagents & kits was the largest revenue generating product in 2020.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Blood transfusion diagnostics market data book summary
| Market revenue in 2020 | USD 26.0 million |
| Market revenue in 2027 | USD 44.6 million |
| Growth rate | 8% (CAGR from 2020 to 2027) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents & Kits, Instruments |
| Key market players worldwide | Grifols SA Ordinary Shares - Class A, Bio-Rad Laboratories Inc, Roche Holding AG ADR, Quotient Sciences, Abbott Laboratories, BioMerieux SA, Siemens Healthineers AG ADR, MedGenome, Beckman Coulter |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global blood transfusion diagnostics market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, South Africa blood transfusion diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 44.6 million by 2027.
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Blood Transfusion Diagnostics Market Scope
Blood Transfusion Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia blood transfusion diagnostics 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 transfusion diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 66.92% in 2020. Horizon Databook has segmented the Saudi Arabia blood transfusion diagnostics market based on reagents & kits, instruments covering the revenue growth of each sub-segment from 2016 to 2027.
Saudi Arabia has one of the world’s youngest populations and most eligible donors. Saudi Arabia is a competitive and regulated market for blood transfusion diagnostics. The blood transfusion services in the region are hospital-based. The blood banks in each hospital are responsible to perform the entire transfusion process, including recruitment of donors to issue components.
The sources of donated blood are friends & family (known as replacement) and voluntary donors. The list of sources grows via campaigns organized by hospitals and independent bodies. The donated blood is tested for various infectious diseases, including syphilis, malaria, HIV P24 Ag, anti-HCV, and HBcAb.
For instance, the objective of Makkah Region Quality Program is to setup the best healthcare services in all disciplines. The program established standard protocols for transfusion, as a result, all small hospitals discontinued their donor centers; large hospitals are key blood suppliers in the region.
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Our clientele includes a mix of blood transfusion diagnostics 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 Saudi Arabia blood transfusion diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia blood transfusion diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Saudi Arabia blood transfusion diagnostics market size, by product, 2016-2027 (US$M)
Saudi Arabia Blood Transfusion Diagnostics Market Share, 2020 & 2027 (US$M)
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