Middle East & Africa Central Lab Market Size & Outlook
Middle East & Africa central lab market, 2018-2030 (US$M)
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MEA central lab market highlights
- The MEA central lab market generated a revenue of USD 138.3 million in 2023.
- The market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, biomarker services was the largest revenue generating services in 2023.
- Genetic Services 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 138.3 million |
| Market revenue in 2030 | USD 206.9 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Biomarker services |
| Fastest growing segment | Genetic Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Services, Biomarker Services, Microbiology Services, Anatomic Pathology/Histology, Specimen Management & Storage, Special Chemistry Services |
| Key market players worldwide | LabConnect, Eurofins Scientific SE, A. P. Moller Maersk A/S ADR, ACM Global, Cerba Research, Synevo Central Labs, Versiti, Cenetron, Ampersand Capital Partners, Pacific Biomarkers, Cirion |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.2% of the global central lab 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 1,201.9 million by 2030.
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Central Lab Market Scope
Central Lab Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa central lab 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 central lab market will help companies and investors design strategic landscapes.
Biomarker services was the largest segment with a revenue share of 38.54% in 2023. Horizon Databook has segmented the Middle East & Africa central lab market based on genetic services, biomarker services, microbiology services, anatomic pathology/histology, specimen management & storage, special chemistry services covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East & Africa represents an emerging market with a promising future for central labs due to its large size, large population, and increasing economic growth. The region is marked by the presence of diverse ethnic groups, which can offer genetic diversity to attract various clinical trials and genetic studies.
These factors are expected to contribute to the growth of several testing services in the region, thereby boosting the growth of central lab market over the forecast period.
However, the region suffers from limited availability of infrastructure, essential equipment & qualified personnel, cultural barriers in conducting clinical studies, and uncertainty in clinical trial regulatory timelines, which may impede the market growth.
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Our clientele includes a mix of central lab market companies, investment firms, advisory firms & academic institutions.
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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 central lab market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa central lab market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA central lab market size, by country, 2018-2030 (US$M)
Middle East & Africa Central Lab Market Outlook Share, 2023 & 2030 (US$M)
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