Egypt Blood Bags Market to be Dominated by the Transfer Bag Segment by 2028
Rising cardiac surgeries in the country is expected to
drive the Egypt blood bags market during the forecast period, 2024-2028.
According to TechSci Research report, “Egypt Blood Bags Market– By Region,
Competition, Forecast and Opportunities,2018-2028F”, the
Egypt blood bags market is anticipated to grow at a steady rate during the
forecast period, 2024-2028. This growth is attributed to the
rising incidences of road accidents and the growing demand for blood
transfusion owing to increased prevalence of chronic diseases, cardiac
surgeries, etc.
Additionally, the increasing awareness of
the importance of blood donation has been a major driver of the blood bags
industry in Egypt. Rising efforts to promote blood donation and encouraging
more people to become donors have increased, leading to an increase in the
number of blood donations and an expanding pool of potential donors.
The government and regulatory bodies play
a significant role in driving the blood bags industry in Egypt. The Ministry of
Health and Population has been establishing regulations and guidelines for
blood banking and transfusion services, helping to ensure that the industry
operates safely and efficiently. Another factor contributing to the increased
demand for blood bags in Egypt is the growing number of surgeries and medical
procedures being performed in the country. As the healthcare system in Egypt
continues to develop, more advanced procedures such as cardiac surgeries are
being performed, many of which require blood transfusions to support the
patient's recovery. The need for blood transfusion bags is expected to rise due
to an increase in the number of infectious and chronic diseases, along with the
growing number of surgical procedures, which, in turn, will positively impact
the growth of the Egypt blood bags market during the forecast period.
Blood bags are a critical component of
modern blood collection, storage, and transfusion processes. They are used to
store blood and its components in a safe and sterile environment, which
prevents contamination and ensures the preservation of blood's life-saving
properties. The most common type of blood bags used in hospitals and blood
banks is the standard blood bag, which can hold up to 450 milliliters of blood.
When collecting blood, a needle is inserted into a vein, and the blood flows
into a sterile collection bag. The blood is then processed and separated into
different components, such as red blood cells, plasma, and platelets, depending
on the patient's needs. Each component is then stored in a separate blood bag
until it is ready for transfusion.
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Based
on type, the market is segmented into collection bag and transfer bag. The
transfer bag segments dominated the market in 2022 and is expected to hold the largest
market share during the forecast period. This is attributed to the increased
demand for transfer bags in case of accidents and trauma at the site. The transfer blood bags are made of a durable,
medical-grade plastic that can withstand rough handling and extreme
temperatures. Transfer blood bags are used in blood donation drives, when blood
needs to be transported from a remote location to a hospital, or when blood
components need to be transported between different hospitals or blood banks
and during disasters or emergencies, when transfer blood bags can be used to
transport large volumes of blood products to affected areas quickly.
Based
on end users, the market is segmented into hospitals, clinics, ambulatory
surgical centers, blood banks, and others. The hospitals & clinics segment
dominated in 2022 and is expected to hold the highest share in the forecast
period. This is due to the admission of more patients in case of trauma and
accidents and rising cases of surgeries in the hospitals & clinics. Moreover,
the easy availability of blood banks and blood donors in hospital premises increases
the demand for blood bags, which, in turn, is contributing to the growth of the
Egypt blood bags market.
To meet this growing demand, blood bag manufacturers
have increased their production, investing in new technologies and expanding
their operations to keep up with the increased demand. This will further drive
the growth of the market during the forecast period.
Recent
Development
- In
April 2022, Terumo Blood and Cell Technologies was granted a USD 10.6 million
contract to carry on with its freeze-dried plasma (FDP) research. The agreement
is with MTEC, the Medical Technology Enterprise Consortium, a biomedical
technology consortium that works in conjunction with the US under an Other
Transaction Agreement (OTA).
Major companies operating in the Egypt blood
bags market are:
- TERUMO BCT, INC
- Macopharma
- Grifols Egypt, Inc.
- JMS Co. Ltd
- Demophorius Healthcare
Ltd
- Polymedicure
- AdvaCare Pharma
- Coloplast Corp
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“The country is facing an
increase in chronic disease conditions such as leukemia and kidney disorders,
which is creating a huge demand for blood bags required in frequent transfusion
of blood. Such factors have increased the demand for transfer bags, thereby
driving the growth of the Egypt blood bags market. Besides, surgeries such as
cardiac surgeries are increasing in the country, which is further influencing the
growth of the market in the country” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Egypt Blood Bags Market, UAE
Blood Bags Market By Product Type (Single Blood Bag, Double Blood Bag, Triple
Blood Bag, Quadruple Blood Bag, Penta Blood Bag), By Type (Collection Bag v/s
Transfer Bag), By Volume (100ml, 150ml, 250ml, 300ml, 350ml, 400ml, 450ml,
500ml), By Material (PVC, PET, Others) By End User (Hospitals & Clinics,
Ambulatory Surgical Centers, Blood Banks, Others) By Region, Competition,
Forecast and Opportunities, 2028”, has evaluated the future
growth potential of the Egypt blood bags market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in the Egypt blood bags market.
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