UAE Lateral Flow Assays Market Size & Outlook, 2023-2030
UAE lateral flow assays market, 2018-2030 (US$M)
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UAE lateral flow assays market highlights
- The UAE lateral flow assays market generated a revenue of USD 36.2 million in 2023 and is expected to reach USD 55.2 million by 2030.
- The UAE market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Lateral flow assays market data book summary
| Market revenue in 2023 | USD 36.2 million |
| Market revenue in 2030 | USD 55.2 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Kits & Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Lateral Flow Readers |
| Key market players worldwide | Abbott Laboratories, Thermo Fisher Scientific Inc, Roche, Bio-Rad Laboratories Inc, BioMerieux SA, QuidelOrtho Corp, Hologic Inc, PerkinElmer, Merck KGaA, BD, Siemens Healthineers AG ADR, Danaher Corp, Qiagen NV |
Other key industry trends
- In terms of revenue, UAE accounted for 0.4% of the global lateral flow assays 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 lateral flow assays 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 55.2 million by 2030.
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Lateral Flow Assays Market Scope
Lateral Flow Assays Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE lateral flow assays 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 lateral flow assays market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 67.4% in 2023. Horizon Databook has segmented the UAE lateral flow assays market based on kits & reagents, lateral flow readers covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE is witnessing an increase in cardiovascular and infectious diseases, which are leading to demand for high precision and point-of-care diagnostic devices in the country. Awareness campaigns for prevention of these diseases are anticipated to boost market growth.
For instance, in September 2018, the UAE Ministry of Health and Prevention (MOHAP) launched a nationwide campaign to educate individuals about infectious diseases. Similarly, increase in initiatives undertaken by market players in the country is anticipated to propel the market in the near future.
For instance, in February 2021, the world’s first rapid COVID-19 antigen test powered by AI was launched in the UAE. This test, LooK SPOT test, can scan nucleocapsid proteins in nasal swabs with the help of a smartphone app, and can provide results in 5 to 8 minutes.
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Our clientele includes a mix of lateral flow assays market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the UAE lateral flow assays market , including forecasts for subscribers. This country databook contains high-level insights into UAE lateral flow assays market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE lateral flow assays market size, by product, 2018-2030 (US$M)
UAE Lateral Flow Assays Market Outlook Share, 2023 & 2030 (US$M)
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