Middle East & Africa Biochip Market Size & Outlook
Middle East & Africa biochip market, 2018-2030 (US$M)
Related Markets
MEA biochip market highlights
- The MEA biochip market generated a revenue of USD 434.9 million in 2023.
- The market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, dna chips was the largest revenue generating type in 2023.
- Lab-on-chip is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 434.9 million |
| Market revenue in 2030 | USD 744.2 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Dna chips |
| Fastest growing segment | Lab-on-chip |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tissue Arrays, Cell Arrays, DNA Chips, Lab-on-chip, Protein Chips |
| Key market players worldwide | Agilent Technologies Inc, PerkinElmer, Illumina Inc, Bio-Rad Laboratories Inc, Standard BioTools Inc, GE HealthCare Technologies Inc Common Stock, Thermo Fisher Scientific Inc, Qiagen NV, Randox |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.9% of the global biochip market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,957.0 million by 2030.
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Biochip Market Scope
Biochip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa biochip 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 biochip market will help companies and investors design strategic landscapes.
Dna chips was the largest segment with a revenue share of 36.4% in 2023. Horizon Databook has segmented the Middle East & Africa biochip market based on tissue arrays, cell arrays, dna chips, lab-on-chip, protein chips covering the revenue growth of each sub-segment from 2018 to 2030.
Middle Eastern countries such as Saudi Arabia, Qatar, the United Arab Emirates (UAE), and Kuwait are prospering economies. The incidence of cancer is expected to significantly increase in the Middle East in the coming years.
The presence of unmet medical needs has fueled the demand for robust cancer diagnostics, which, in turn, increases the demand for biochip solutions and array-based diagnostics. Furthermore, rising government efforts to store genomic data of patients for improved treatment outlook are contributing to the country’s market growth.
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Our clientele includes a mix of biochip market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa biochip market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biochip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA biochips market size, by country, 2018-2030 (US$M)
Middle East & Africa Biochip Market Share, 2023 & 2030 (US$M)
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