Middle East & Africa Flow Cytometry Market Size & Outlook
Middle East & Africa flow cytometry market, 2018-2030 (US$M)
Related Markets
MEA flow cytometry market highlights
- The MEA flow cytometry market generated a revenue of USD 168.8 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 168.8 million |
| Market revenue in 2030 | USD 244.6 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Consumables, Software, Accessories, Services |
| Key market players worldwide | Danaher Corp, BD, Sysmex Corp, Agilent Technologies, Apogee Enterprises Inc, Bio-Rad Laboratories Inc Class A, Thermo Fisher Scientific Inc, Wipro Ltd ADR, Diasorin SpA, Miltenyi Biotec, Sony Group Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.9% of the global flow cytometry 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 1,656.6 million by 2030.
Instruments was the largest segment with a revenue share of 35.37% in 2023. Horizon Databook has segmented the Middle East & Africa flow cytometry market based on instruments, reagents & consumables, software, accessories, services covering the revenue growth of each sub-segment from 2018 to 2030.
The flow cytometry market in this region is anticipated to exhibit steady growth during the forecast period. This steady growth can be attributed to factors such as limited investments in biotechnology sector, low affordability of expensive systems, and less R&D activities in pharmaceutical & biotechnology sectors.
However, robust government initiatives being undertaken to boost the biotechnology sector in countries such as Saudi Arabia and UAE are anticipated to create lucrative opportunities in the near future. Furthermore, increasing focus on hematology and oncology due to high prevalence of cancer and other diseases is anticipated to drive the demand for flow cytometry products for conducting research.
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Flow Cytometry Market Scope
Flow Cytometry Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA flow cytometry market size, by country, 2018-2030 (US$M)
Middle East & Africa Flow Cytometry Market Outlook Share, 2023 & 2030 (US$M)
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