Market revenue in 2023 | USD 201.3 million |
Market revenue in 2030 | USD 242.5 million |
Growth rate | 2.7% (CAGR from 2023 to 2030) |
Largest segment | Consumables |
Fastest growing segment | Rapid Testing Devices |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Consumables, Instruments, Rapid Testing Devices, Services |
Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, QuidelOrtho Corp, Roche Holding AG ADR, Thermo Fisher Scientific Inc, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Labcorp Holdings Inc, Clinical Reference Laboratory, Cordant Health Solutions, Legacy Medical, Draegerwerk AG & Co KGaA, Omega Laboratories |
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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 drug testing market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 35.97% in 2023. Horizon Databook has segmented the Middle East & Africa drug testing market based on consumables, instruments, rapid testing devices, services covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA drug testing market is anticipated to exhibit lucrative growth during the forecast period, owing to the increasing prevalence of substance use disorder. For instance, according to data published by NIH in October 2022, Africa has substantial consumption of illicit substances, such as cannabis, with a prevalence of 5.2%, and amphetamine-type stimulants.
Favorable regulations for conducting workplace testing in key countries are expected to further support the market growth. However, low access to innovative testing solutions in countries, such as South Africa, is anticipated to be a major factor hindering the market growth.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa drug testing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa drug testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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