Middle East & Africa Clinical Laboratory Tests Market Size & Outlook
Middle East & Africa clinical laboratory tests market, 2018-2030 (US$M)
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MEA clinical laboratory tests market highlights
- The MEA clinical laboratory tests market generated a revenue of USD 5,057.1 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, hba1c tests was the largest revenue generating type in 2023.
- HGB/HCT tests is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 5,057.1 million |
| Market revenue in 2030 | USD 10,102.4 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Hba1c tests |
| Fastest growing segment | HGB/HCT tests |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Complete blood count, HGB/HCT tests, Basic metabolic panel, BUN creatinine tests, Electrolytes testing, HbA1c tests, Comprehensive metabolic panel tests, Liver panel tests, Renal panel tests, Lipid panel tests |
| Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, Labcorp Holdings Inc, ARUP Laboratories, OPKO Health Inc, Clinical Reference Laboratory, Sonic Healthcare Ltd, Cinven, Unilabs |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.4% of the global clinical laboratory tests 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 49,664.3 million by 2030.
Hba1c tests was the largest segment with a revenue share of 12.76% in 2023. Horizon Databook has segmented the Middle East & Africa clinical laboratory tests market based on complete blood count, hgb/hct tests, basic metabolic panel, bun creatinine tests, electrolytes testing, hba1c tests, comprehensive metabolic panel tests, liver panel tests, renal panel tests, lipid panel tests covering the revenue growth of each sub-segment from 2018 to 2030.
The emergence of this region as a major investor has led to an increase in diagnostic manufacturers in countries such as South Africa, the UAE, and Saudi Arabia. Most of the tests and medical facilities are stable due to a regulatory scenario that favors infrastructure development and reimbursement, which is mostly regulated by the government.
However, ethical reasons, poor infrastructure, and low affordability may hamper the growth in this region. The emergence of this region as a major investor has led to the growth of pharmaceutical manufacturers in countries such as South Africa, UAE, and Saudi Arabia.
Most of the tests and medical facilities are stable due to regulatory scenario that favors infrastructure development & reimbursement, which is mostly taken care of by the government. However, ethical reasons and poor infrastructure may hamper market growth in this region.
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Clinical Laboratory Tests Market Scope
Clinical Laboratory Tests Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA clinical laboratory tests market size, by country, 2018-2030 (US$M)
Middle East & Africa Clinical Laboratory Tests Market Outlook Share, 2023 & 2030 (US$M)
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