Middle East & Africa Biosensors Market Size & Outlook
Middle East & Africa biosensors market, 2018-2030 (US$M)
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MEA biosensors market highlights
- The MEA biosensors market generated a revenue of USD 2,026.2 million in 2022.
- The market is expected to grow at a CAGR of 11.1% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Optical is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Turkey is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 2,026.2 million |
| Market revenue in 2030 | USD 4,712.8 million |
| Growth rate | 11.1% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Optical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, Electrochemical, Piezoeletric, Optical |
| Key market players worldwide | Bio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.5% of the global biosensors market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 4,712.8 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa biosensors 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 biosensors market will help companies and investors design strategic landscapes.
Electrochemical was the largest segment with a revenue share of 70.01% in 2022. Horizon Databook has segmented the Middle East & Africa biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East and Africa biosensors market is expected to grow considerably over the forecast period. Countries with a significant growth rate in this region are South Africa, Saudi Arabia, the UAE, and Egypt.
Factors contributing to the market growth include growing geriatric population, increasing prevalence of cardiovascular diseases, and rising expenditure on healthcare. With increasing government initiatives to develop healthcare infrastructure, the hospitals in the region is expected to adopt advanced healthcare technologies, thus boosting the market growth.
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Target buyers of Middle East & Africa biosensors market databook
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Our clientele includes a mix of biosensors 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa biosensors market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA biosensors market size, by country, 2018-2030 (US$M)
Middle East & Africa Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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