Spontaneous parametric down-conversion (SPDC) in a laser pumped optical nonlinear medium can produce heralded single photons with a high purity but a very low yield. Improving the yield by increasing the pump power in SPDC inevitably reduces the purity due to excitation of multi-photon events. We propose a scheme to overcome this purity-yield trade-off by suppressing multi-photon events in a cavity-enhanced SPDC via the photon blockade effect. By introducing a strong photon-photon interaction into the intracavity medium and increasing the pump power, we can improve the available single-photon yield to larger than $90%$, while maintaining a high purity of $99%$, towards on-demand generation of single photons through the SPDC process. Our quasi-on-demand SPDC sources may boost single-photon-based quantum information technology.
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