Pro
Healthcare & Pharma
Africa Corporate Wellness Market, by End User, 2018-2027
| Label | USD Million |
|---|---|
| 2018 | 34.79129136877469 USD Million |
| 2019 | 37.333403244666734 USD Million |
| 2020 | 40.30005535591484 USD Million |
| 2021 | 39.32081072699581 USD Million |
| 2022 | 40.296499577741514 USD Million |
| 2023 | 41.66241843456724 USD Million |
| 2024 | 43.16554383764559 USD Million |
| 2025 | 44.91149604278974 USD Million |
| 2026 | 46.83600658269075 USD Million |
| 2027 | 49.158733540874685 USD Million |
| 2028 | 53.159213299297505 USD Million |
| 2029 | 57.65311617942834 USD Million |
| 2030 | 62.78356416388678 USD Million |
| 2031 | 68.66478614705039 USD Million |
| 2032 | 75.43579441174425 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Despite having the second largest population in the world, India suffers from a perpetual shortage of blood bags and blood donations. The country annually needs at least 3 million units of blood, while total blood collection remains barely around 10 million with regular shortages. Recently, there has been increasing focus from the government to improve the situation over the next few years. As of date, due to inadequate storage and distribution systems, a lot of fresh blood gets wasted in India and there is a high rate of hepatitis infection in donated blood. This is in direct relation to inadequate blood bags and poor storage and distribution protocols. To address this critical gap, the government of India is now looking at introducing technological advancements with the public and private sector. This includes technologies like electronic tracking of blood donations and chain of custody protocols. These will help ensure better quality and more accurate collection, testing, storage, and usage of donated blood. Another benefit of these technologies is the improvement in the safety and reliability of blood bags. In India, only the select, certified and traceable “whole blood” bags are used for donations.
These bags are enclosed with a protective plastic shell and contain antiseptic, leak-proof liners to prevent contamination. In 2018, several new companies have stepped in to offer specialized plastic bags for blood storage that provide advanced protection and features, such as a self-locking closure, traceability, clear tracking and maintenance of temperature and expiration dates. In the long-term, India’s demand for blood bags is projected to go up significantly. This is due to the rapid population growth, an aging population and the increasing number of people who require transfusions. Over the next fifteen years, many more companies are expected to enter the industry and offer innovative blood storage solutions. To meet this rising demand for blood bags, more hospitals and public and private institutions will need to invest in upgraded infrastructure and production solutions. This would include an increased emphasis on proper storage, testing and transportation protocols. The government will also need to take proactive steps to encourage Indian organizations, companies and citizens to donate blood and to create awareness of the importance of donating blood on a voluntary basis in order to combat the shortage of blood bags in the country.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.