UAE Laboratory Proficiency Testing Market Size & Outlook
UAE laboratory proficiency testing market, 2018-2030 (US$M)
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UAE laboratory proficiency testing market highlights
- The UAE laboratory proficiency testing market generated a revenue of USD 4.5 million in 2023 and is expected to reach USD 6.7 million by 2030.
- The UAE market is expected to grow at a CAGR of 5.9% 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.
Laboratory proficiency testing market data book summary
| Market revenue in 2023 | USD 4.5 million |
| Market revenue in 2030 | USD 6.7 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Clinical diagnostics |
| Fastest growing segment | Cannabis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UAE accounted for 0.3% of the global laboratory proficiency testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa laboratory proficiency testing market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6.7 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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UAE 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 33.33% in 2023. Horizon Databook has segmented the UAE laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing epidemiology of chronic diseases is one of the major factors governing the overall market growth rate. Major government healthcare investments are likely to fuel the market over the forecast period. For instance, in 2019, the government allocated a budget of USD 1.2 billion for healthcare, USD 540 million of which were granted for innovations in healthcare.
These investments are expected to boost the research related activities along with an increase in the demand for proficiency testing by the laboratories. UAE has also seen a rise in the number of proficiency tests conducted by the government to verify laboratory competency levels for COVID-19.
Abu Dhabi Quality and Conformity Council and Biogenix Labs have also announced a collaboration to provide proficiency testing for PCR-based SARS-CoV-2 tests in the country. Such collaborations are expected to increase the accuracy of the laboratories and fuel the market growth positively.
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Target buyers of UAE 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE laboratory proficiency testing market , including forecasts for subscribers. This country databook contains high-level insights into UAE laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE laboratory proficiency testing market size, by industry, 2018-2030 (US$M)
UAE Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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