Middle East & Africa Laboratory Equipment Market Size & Outlook
Middle East & Africa laboratory equipment market, 2018-2030 (US$M)
Related Markets
MEA laboratory equipment market highlights
- The MEA laboratory equipment market generated a revenue of USD 1,005.6 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- Support is the most lucrative product 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 1,005.6 million |
| Market revenue in 2030 | USD 1,365.2 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | Support |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
| Key market players worldwide | Sartorius AG, Bio-Rad Laboratories Inc, FUJIFILM Holdings Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.3% of the global laboratory equipment 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 20,012.6 million by 2030.
General was the largest segment with a revenue share of 27.5% in 2023. Horizon Databook has segmented the Middle East & Africa laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
Middle Eastern countries such as Qatar, Saudi Arabia, Kuwait, Oman, and UAE are prospering economies. Advancements in the healthcare system are expected to boost the development of laboratory equipment in these countries.
Expanding health insurance penetration, increasing privatization, and growing regional disease burden are among the factors expected to drive regional market growth. Middle Eastern countries such as the UAE and Saudi Arabia have highly developed healthcare infrastructure, significant R&D expenditure, and very high accessibility to healthcare services.
These countries have also eased the flow of private funding for setting a strong research base. Many key pharma players consider MEA countries as high-opportunity markets and plan to set up R&D facilities, thereby driving the market.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA laboratory equipment market size, by country, 2018-2030 (US$M)
Middle East & Africa Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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