Middle East & Africa Liquid Biopsy Market Size & Outlook
Middle East & Africa liquid biopsy market, 2018-2030 (US$M)
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MEA liquid biopsy market highlights
- The MEA liquid biopsy market generated a revenue of USD 173.7 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, blood sample was the largest revenue generating type in 2023.
- Blood Sample is the most lucrative type 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 173.7 million |
| Market revenue in 2030 | USD 332.1 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Blood sample |
| Fastest growing segment | Blood Sample |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Sample |
| Key market players worldwide | ANGLE PLC, Guardant Health Inc, Myriad Genetics Inc, Biocept Inc, Lucence Health, Roche, Qiagen NV, Illumina Inc, Thermo Fisher Scientific Inc, Epigenomics AG, Oncimmune, Freenome |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.6% of the global liquid biopsy 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 3,678.2 million by 2030.
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Liquid Biopsy Market Scope
Liquid Biopsy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa liquid biopsy 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 liquid biopsy market will help companies and investors design strategic landscapes.
Blood sample was the largest segment with a revenue share of 73.34% in 2023. Horizon Databook has segmented the Middle East & Africa liquid biopsy market based on blood sample covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East and Africa is one of the regions with tremendous growth opportunity, as majority of the market is untapped due to unavailability of organized cancer screening programs in this region, especially in underdeveloped African countries.
In recent years, countries such as the UAE, Morocco, & South Africa have implemented organized cancer screening programs. Collaborations of various companies with government institutes to supply these tests are also expected to boost the market.
These initiatives are anticipated to lead to development of newer liquid biopsy tests. Liquid biopsy tests are expensive and new. Thus, there is a shortage of experienced professionals to perform these tests. Furthermore, lack of political support and necessary resources may restrain market growth.
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Target buyers of Middle East & Africa liquid biopsy market databook
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Our clientele includes a mix of liquid biopsy 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 continent-level data and insights on the Middle East & Africa liquid biopsy market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa liquid biopsy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA liquid biopsy market size, by country, 2018-2030 (US$M)
Middle East & Africa Liquid Biopsy Market Outlook Share, 2023 & 2030 (US$M)
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