Middle East & Africa In Vivo Cro Market Size & Outlook
Middle East & Africa in vivo cro market, 2018-2030 (US$M)
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MEA in vivo cro market highlights
- The MEA in vivo cro market generated a revenue of USD 88.4 million in 2023.
- The market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, small molecule was the largest revenue generating modality type in 2023.
- Large Molecule is the most lucrative modality type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 88.4 million |
| Market revenue in 2030 | USD 151.3 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Molecule, Large Molecule |
| Key market players worldwide | IQVIA Holdings Inc, JSR Corp, Taconic Biosciences, Evotec SE, Janvier Labs, Charles River Laboratories International Inc, Icon PLC, Labcorp Holdings Inc, PAREXEL, GemPharmatech, PsychoGenics, Biocytogen, SMO-Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.9% of the global in vivo cro 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 823.6 million by 2030.
Small molecule was the largest segment with a revenue share of 63.57% in 2023. Horizon Databook has segmented the Middle East & Africa in vivo cro market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
An increasing number of R&D projects and life sciences companies in the region is expected to boost market growth during the forecast period. The country is adopting global standards and collaborating with other global CROs to mark its market presence.
Moreover, MEA in vivo CRO industry offers advantages like world-class medical facilities, well-developed infrastructure, and low operational cost, thereby boosting market growth.
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In Vivo CRO Market Scope
In Vivo CRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA in vivo cro market size, by country, 2018-2030 (US$M)
Middle East & Africa In Vivo CRO Market Outlook Share, 2023 & 2030 (US$M)
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