UAE Large Molecule Bioanalytical Testing Services Market Size & Outlook
UAE large molecule bioanalytical testing services market, 2018-2030 (US$M)
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UAE large molecule bioanalytical testing services market highlights
- The UAE large molecule bioanalytical testing services market generated a revenue of USD 4.4 million in 2021 and is expected to reach USD 8.1 million by 2030.
- The UAE market is expected to grow at a CAGR of 7% from 2022 to 2030.
- In terms of segment, clinical was the largest revenue generating phase in 2021.
- Clinical is the most lucrative phase segment registering the fastest growth during the forecast period.
Large molecule bioanalytical testing services market data book summary
| Market revenue in 2021 | USD 4.4 million |
| Market revenue in 2030 | USD 8.1 million |
| Growth rate | 7% (CAGR from 2021 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Clinical |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Preclinical, Clinical |
| Key market players worldwide | Labcorp Holdings Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, Toxikon, Intertek Group PLC, Pace Analytical Services, Icon PLC, Charles River Laboratories International Inc, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, UAE accounted for 0.3% of the global large molecule bioanalytical testing services market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa large molecule bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 18.8 million by 2030.
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Large Molecule Bioanalytical Testing Services Market Scope
Large Molecule Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE large molecule bioanalytical testing services 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 large molecule bioanalytical testing services market will help companies and investors design strategic landscapes.
Clinical was the largest segment with a revenue share of 68.18% in 2021. Horizon Databook has segmented the UAE large molecule bioanalytical testing services market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Rising number of clinical trials in the country will propel the UAE market for large molecule bioanalytical testing over the forecast period. For instance, UAE conducted 434 clinical trials between 1999 and 2019, according to WHO’s ICTRP.
This contributes for around 0.08% of total clinical trials conducted globally in the same period. Furthermore, according to the World Bank, the current healthcare expenditure of UAE was 4.2% of its GDP in 2018.
Modest healthcare expenditure in the country offers mediocre environment for large molecule bioanalytical testing market to grow. The UAE has a very young population, with only 1% people aged 60 or above.
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Our clientele includes a mix of large molecule bioanalytical testing services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE large molecule bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into UAE large molecule bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE large molecule bioanalytical testing services market size, by phase, 2018-2030 (US$M)
UAE Large Molecule Bioanalytical Testing Services Market Outlook Share, 2021 & 2030 (US$M)
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