Middle East & Africa Biotechnology And Pharmaceutical Services Outsourcing Market Size & Outlook
Middle East & Africa biotechnology and pharmaceutical services outsourcing market, 2018-2030 (US$M)
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MEA biotechnology and pharmaceutical services outsourcing market highlights
- The MEA biotechnology and pharmaceutical services outsourcing market generated a revenue of USD 2,216.0 million in 2023.
- The market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, consulting was the largest revenue generating services in 2023.
- Training & Education is the most lucrative services 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 2,216.0 million |
| Market revenue in 2030 | USD 2,888.9 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Consulting |
| Fastest growing segment | Training & Education |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consulting, Regulatory Affairs, Product Design & Development, Auditing and Assessment, Product Maintenance, Training & Education |
| Key market players worldwide | PAREXEL, IQVIA Holdings Inc, Heidelberg Materials AG, Labcorp Holdings Inc, Charles River Laboratories International Inc, Icon PLC, Syneos Health, Lonza Group Ltd, Catalent Inc, Samsung BioLogics |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.8% of the global biotechnology and pharmaceutical services outsourcing market in 2023.
- Globally, Asia Pacific 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 29,524.0 million by 2030.
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Biotechnology And Pharmaceutical Services Outsourcing Market Scope
Biotechnology And Pharmaceutical Services Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa biotechnology and pharmaceutical services outsourcing 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 biotechnology and pharmaceutical services outsourcing market will help companies and investors design strategic landscapes.
Consulting was the largest segment with a revenue share of 51.56% in 2023. Horizon Databook has segmented the Middle East & Africa biotechnology and pharmaceutical services outsourcing market based on consulting, regulatory affairs, product design & development, auditing and assessment, product maintenance, training & education covering the revenue growth of each sub-segment from 2018 to 2030.
The biotechnology & pharmaceutical services outsourcing market in MEA is expanding significantly due to the growing biotechnology & pharmaceutical outsourcing service offerings, use of generic medications, and regulatory frameworks that support business.
In addition, the increasing burden of diseases and the demand for drugs are the major factors contributing to the market's growth. Moreover, the growing number of clinical trials is anticipated to boost the market.
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Target buyers of Middle East & Africa biotechnology and pharmaceutical services outsourcing market databook
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Our clientele includes a mix of biotechnology and pharmaceutical services outsourcing 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 biotechnology and pharmaceutical services outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biotechnology and pharmaceutical services outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA biotechnology and pharmaceutical services outsourcing market size, by country, 2018-2030 (US$M)
Middle East & Africa Biotechnology And Pharmaceutical Services Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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