Middle East & Africa Covid-19 Vaccine Development Tools Market Size & Outlook

Revenue, 2020 (US$M)
$240.2
Forecast, 2028 (US$M)
$475.5
CAGR, 2021 - 2028
8.9%
Report Coverage
Middle East & Africa

Middle East & Africa covid-19 vaccine development tools market, 2020-2028 (US$M)

Middle

MEA covid-19 vaccine development tools market highlights

  • The MEA covid-19 vaccine development tools market generated a revenue of USD 240.2 million in 2020.
  • The market is expected to grow at a CAGR of 8.9% from 2021 to 2028.
  • In terms of segment, laboratory technologies was the largest revenue generating technologies in 2020.
  • Online Technologies is the most lucrative technologies segment registering the fastest growth during the forecast period.
  • Country-wise, Saudi Arabia is expected to register the highest CAGR from 2021 to 2028.


MEA data book summary

Market revenue in 2020USD 240.2 million
Market revenue in 2028USD 475.5 million
Growth rate8.9% (CAGR from 2020 to 2028)
Largest segmentLaboratory technologies
Fastest growing segmentOnline Technologies
Historical data covered2020 - 2019
Base year for estimation2020
Forecast period covered2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationLaboratory Technologies, Online Technologies
Key market players worldwideThermo Fisher Scientific Inc, Pfizer Inc, Sartorius AG, Stemcell Holdings Inc Ordinary Shares, Illumina Inc, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Merck KGaA, Qiagen NV, Shimadzu Corp, Eurofins Scientific SE, Charles River Laboratories International Inc, Takara Bio Inc, Olympus Corp, Avantor Inc, Aurora Innovation Inc Class A, Standard BioTools Inc, Celerion, Cole-Parmer, Hartford Schroders International Stk I, Revvity Inc, Fluidigm Corporation, Polyplus-transfection, Hamilton Lane Inc Class A


Other key industry trends

  • In terms of revenue, MEA region accounted for 1.5% of the global covid-19 vaccine development tools market in 2020.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
  • Europe is the fastest growing regional market and is projected to reach USD 8,675.5 million by 2028.

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COVID-19 Vaccine Development Tools Market Companies

Name Profile # Employees HQ Website

Middle East & Africa covid-19 vaccine development tools 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 vaccine development tools market will help companies and investors design strategic landscapes.


Laboratory technologies was the largest segment with a revenue share of 95.96% in 2020. Horizon Databook has segmented the Middle East & Africa covid-19 vaccine development tools market based on laboratory technologies, online technologies covering the revenue growth of each sub-segment from 2020 to 2028.


The COVID-19 pandemic has created an opportunity for Middle East & Africa. The region is the fastest growing market for COVID-19 vaccine development tools. The increase in domestic manufacturing by global players and financial assistance from international organizations is expected to boost the market.

For instance, according to an article published by Endpoints Company in February 2022, the CFO of Biotech stated that the cost of setting up a manufacturing site in the region will be USD 150 million, which is relatively inexpensive than other countries.

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Target buyers of Middle East & Africa covid-19 vaccine development tools market databook

  • Our clientele includes a mix of covid-19 vaccine development tools market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 covid-19 vaccine development tools market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa covid-19 vaccine development tools market from 2020 to 2028, including revenue numbers, major trends, and company profiles.

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MEA covid-19 vaccine development tools market size, by country, 2020-2028 (US$M)

Middle East & Africa COVID-19 Vaccine Development Tools Market Outlook Share, 2020 & 2028 (US$M)

MEA covid-19 vaccine development tools market size, by country, 2020-2028 (US$M)

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