Middle East & Africa Covid-19 Diagnostics Market Size & Outlook
Middle East & Africa covid-19 diagnostics market, 2020-2030 (US$M)
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MEA covid-19 diagnostics market highlights
- The MEA covid-19 diagnostics market generated a revenue of USD 1,205.5 million in 2023.
- The market is expected to grow at a CAGR of -17.7% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & Kits is the most lucrative product 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 1,205.5 million |
| Market revenue in 2030 | USD 309.6 million |
| Growth rate | -17.7% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data covered | 2020 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Hologic Inc, Roche, PerkinElmer, Veredus Laboratories, QuidelOrtho Corp, Quest Diagnostics Inc, Luminex, Labcorp Holdings Inc, Abbott Laboratories, 1Drop Diagnostics, ADT Inc, Mylab Discovery Solutions, Neuberg Diagnostics, Aldatu Biosciences, altona Diagnostics GmbH |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.6% of the global covid-19 diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 282.6 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa covid-19 diagnostics 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 covid-19 diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 67.19% in 2023. Horizon Databook has segmented the Middle East & Africa covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
The Middle East & Africa had the lowest revenue generation in 2021, due to weak penetration of products in the COVID-19 diagnostics market. The lack of infrastructure and poor healthcare systems in many of the Middle Eastern countries has significantly affected market growth in the region.
As a result of the slow response, Iran and Turkey were some of the more severely hit countries in the region. To speed up COVID-19 testing, Iranian scientists were using locally manufactured testing kits. From January 2020 to June 2022, the number of COVID-19 cases in South Africa reached 3,989,007, and many African countries achieved significant testing rates.
Ghana had the fourth-highest number of COVID-19 cases, as it achieved the highest testing rate when compared with other African countries. However, the lack of test kits and other resources in the region may hamper the adoption of COVID-19 diagnostic products.
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Our clientele includes a mix of covid-19 diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa covid-19 diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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MEA covid-19 diagnostics market size, by country, 2020-2030 (US$M)
Middle East & Africa COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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