Middle East & Africa Compound Management Market Size & Outlook
Middle East & Africa compound management market, 2018-2030 (US$M)
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MEA compound management market highlights
- The MEA compound management market generated a revenue of USD 16.1 million in 2022.
- The market is expected to grow at a CAGR of 16.3% from 2023 to 2030.
- In terms of segment, product was the largest revenue generating type in 2022.
- Service 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 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 16.1 million |
| Market revenue in 2030 | USD 53.8 million |
| Growth rate | 16.3% (CAGR from 2022 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Service |
| Key market players worldwide | Azenta Inc, Tecan Group AG, Hamilton Lane Inc Class A, Evotec SE, LiCONiC, SPT Labtech, BioAscent, Beckman Coulter, Axxam |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.5% of the global compound management market in 2022.
- 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 339.4 million by 2030.
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Compound Management Market Scope
Compound Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa compound management 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 compound management market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 61.49% in 2022. Horizon Databook has segmented the Middle East & Africa compound management market based on product, service covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA region is relatively small compared to North America and Europe, but still, the region is growing steadily as the governments of MEA countries are investing in the development of biopharmaceutical industry and also due to increasing research & development capabilities. The MEA region includes South Africa, South Arabia, and UAE.
Furthermore, the growing adoption of technologies such as AI in compound management and automation technologies that include software management services for sample management are also key factors contributing to the demand for compound management services in the region.
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Target buyers of Middle East & Africa compound management market databook
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Our clientele includes a mix of compound management 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 compound management market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa compound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA compound management market size, by country, 2018-2030 (US$M)
Middle East & Africa Compound Management Market Outlook Share, 2022 & 2030 (US$M)
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