Middle East & Africa In-vitro Toxicology Testing Market Size & Outlook
Middle East & Africa in-vitro toxicology testing market, 2018-2030 (US$M)
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MEA in-vitro toxicology testing market highlights
- The MEA in-vitro toxicology testing market generated a revenue of USD 711.8 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, pharmaceutical industry was the largest revenue generating end user in 2023.
- Diagnostics is the most lucrative end user 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 711.8 million |
| Market revenue in 2030 | USD 1,314.6 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical industry |
| Fastest growing segment | Diagnostics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical Industry, Cosmetics And Household Products, Academic Institutes and Research Laboratories, Diagnostics, Chemicals Industry, Food Industry |
| Key market players worldwide | Charles River Laboratories International Inc, SGS, Merck KGaA, Eurofins Scientific SE, Abbott Laboratories, Labcorp Holdings Inc, Evotec SE, Thermo Fisher Scientific Inc, Quest Diagnostics Inc, Agilent Technologies Inc, Catalent Inc, Danaher Corp, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.3% of the global in-vitro toxicology testing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 32,265.4 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 43.27% in 2023. Horizon Databook has segmented the Middle East & Africa in-vitro toxicology testing market based on pharmaceutical industry, cosmetics and household products, academic institutes and research laboratories, diagnostics, chemicals industry, food industry covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa, Saudi Arabia, Israel, and the UAE are some of the prospering economies in MEA. The market in this region is driven by the rise in consumer awareness and improvements in healthcare infrastructure. Thus, MEA is a largely untapped market for in vitro toxicology testing.
The growing concerns for tropical diseases such as malaria and tuberculosis are anticipated to drive investments in drug development in the region. Several safety studies are being conducted in the region to evaluate the efficacy of a drug against diseases such as malaria, HIV, and other bacterial infections.
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In-vitro Toxicology Testing Market Scope
In-vitro Toxicology Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA in-vitro toxicology testing market size, by country, 2018-2030 (US$M)
Middle East & Africa In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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