Middle East & Africa Laboratory Proficiency Testing Market Size & Outlook
Middle East & Africa laboratory proficiency testing market, 2018-2030 (US$M)
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MEA laboratory proficiency testing market highlights
- The MEA laboratory proficiency testing market generated a revenue of USD 40.0 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, clinical diagnostics was the largest revenue generating industry in 2023.
- Cannabis is the most lucrative industry 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 40.0 million |
| Market revenue in 2030 | USD 56.2 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Clinical diagnostics |
| Fastest growing segment | Cannabis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clinical Diagnostics, Pharmaceuticals, Microbiology, Cannabis |
| Key market players worldwide | LGC Group, Bio-Rad Laboratories Inc, Randox, Merck KGaA, Randox Biosciences, QACS International, Weqas, BIPEA, NSI Lab Solutions, Absolute Standards, Instand |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.9% of the global laboratory proficiency testing 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 522.7 million by 2030.
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Laboratory Proficiency Testing Market Scope
Laboratory Proficiency Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa laboratory proficiency testing market outlook
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 laboratory proficiency testing market will help companies and investors design strategic landscapes.
Clinical diagnostics was the largest segment with a revenue share of 33.25% in 2023. Horizon Databook has segmented the Middle East & Africa laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America region includes rapidly evolving economies, including Brazil and Argentina. Increasing R&D activities & rapid technological advancements in the region are anticipated to fuel the market. Increasing government spending, growing investments by major pharmaceutical & biopharmaceutical companies, and the presence of major academic research institutes are factors likely to promote market growth. Investments from pharmaceutical companies are increasing in the region.
These investments are a result of the growing government support for the companies investing in the country. Increasing accessibility to healthcare and diagnostic laboratories is anticipated to fuel the regional market over the forecast period. The Latin American market is expected to witness a surge in laboratories providing diagnostic solutions to fulfill the rising diagnostics demand. However, the market is not very prominent for laboratory proficiency testing as most economies are still struggling with providing basic services.
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Target buyers of Middle East & Africa laboratory proficiency testing market databook
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Our clientele includes a mix of laboratory proficiency testing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa laboratory proficiency testing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA laboratory proficiency testing market size, by country, 2018-2030 (US$M)
Middle East & Africa Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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