Middle East and Africa Vacuum Blood Collection Tube Market Forecast to 2028 - By Size, Share, Growth by End User and Forecast| Business Market Insights

The Middle East and Africa vacuum blood collection tube market is expected to grow from US$ 75.62 million in 2021 to US$ 108.18 million by 2028; it is estimated to register a CAGR of 5.2% from 2021 to 2028.

The key factors that are driving the growth of the market are the advancements in healthcare facilities and infrastructure, and the growing blood donation rate and blood tests. However, risks associated with blood transfusion hamper the market growth.

The increase in blood donation rate is projected to support the growth of the vacuum blood collection tube market in the coming future. According to the article published by Arab News, on December 24, 2021, the GCC countries collected more than 10 blood donations per 1,000 population per year (i.e., more than 1%). Moreover, with the rise in patients with blood disorders, the need for blood is also increasing. Many patients need blood transfusions, sometimes daily, during their chemotherapy treatment. Phlebotomy tests are the primary diagnosis of many diseases. Companies and labs in the UAE produce blood tests for COVID-19 immunity in the initial phase of the pandemic. A continuous rise in the demand for blood is reflecting positively on the Middle East and Africa vacuum blood collection tube market. The necessity of blood transfusion in major orthopedic and cardiovascular surgeries spurs the demand for vacuum blood collection tubes in the Middle East. People prefer contactless blood collection to avoid infections and contamination risks. This increases the demand for advanced healthcare infrastructure with improved facilities in the hospitals. Countries in the Middle East are focusing on introducing advanced healthcare facilities and services to overcome critical health issues. Many pathology laboratories and diagnostic centers initiated paying home visits for blood collection, while companies have launched devices to collect blood in this manner. Blood collection at home has become popular during the pandemic due to restrictions on people’s movements and imposition of social distancing norms. Also, government initiatives are likely to provide lucrative opportunities for the vacuum blood collection tube market players to introduce offering enabled with advanced technologies, which is likely to add to the growth of the market in the Middle East and Africa during the forecast period.

The World Bank forecasts that remittances to the MENA are projected to fall sharply by 19.6% due to the COVID-19 crisis, after a total of US$ 42 billion in 2020 and a 2.6% increase in 2019. The COVID-19 crisis has had devastating effects on millions of people in MENA countries. Patient death rates in low-cost regions are expected to rise due to the availability of diagnostics infrastructure and understaffed hospitals. The lockdown has widely affected the non-emergency medical services and medical device supply chain in the region. Countries such as the UAE and Saudi Arabia have registered many COVID-19 cases. The countries in this region are highly dependent on the import of medical devices and raw materials from other countries. Thus, restrictions in import and export activities among countries have hampered the Middle East and Africa vacuum blood collection tube market.