Middle East & Africa Magnetic Beads Market Size & Outlook
Middle East & Africa magnetic beads market, 2017-2030 (US$M)
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MEA magnetic beads market highlights
- The MEA magnetic beads market generated a revenue of USD 38.6 million in 2021.
- The market is expected to grow at a CAGR of 14.2% from 2022 to 2030.
- In terms of segment, in-vitro diagnostics was the largest revenue generating application in 2021.
- Bioresearch is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2021 | USD 38.6 million |
| Market revenue in 2030 | USD 128.1 million |
| Growth rate | 14.2% (CAGR from 2021 to 2030) |
| Largest segment | In-vitro diagnostics |
| Fastest growing segment | Bioresearch |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioresearch, In-vitro Diagnostics, Other Applications |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Genscript Biotech Corp Class H, CardioGenics Holdings Inc, Bio-Rad Laboratories Inc, Miltenyi Biotec, Ferrotec Holdings Corp, Eurofins Scientific SE, New England Biolabs |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.4% of the global magnetic beads market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 128.1 million by 2030.
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Magnetic Beads Market Scope
Magnetic Beads Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa magnetic beads 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 magnetic beads market will help companies and investors design strategic landscapes.
In-vitro diagnostics was the largest segment with a revenue share of 61.14% in 2021. Horizon Databook has segmented the Middle East & Africa magnetic beads market based on bioresearch, in-vitro diagnostics, other applications covering the revenue growth of each sub-segment from 2017 to 2030.
According to the IMF, the GDP of the Middle East is projected to witness growth at a rate of 4% in 2021. Factors such as the vaccine rollout, improvement in oil pricing, and rolling out of fiscal stimulus packages by the governments are responsible for boosting the GDP growth.
Favorable policies are anticipated to have a major role in attracting FDIs in the construction sector. The African Development Bank Group forecasted a 3.4% growth in the African economy in 2021. For instance, Saudi Arabia has implemented various reforms to attract FDI investment and to increase privatization in the medical sector of the country.
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Our clientele includes a mix of magnetic beads 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 continent-level data and insights on the Middle East & Africa magnetic beads market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa magnetic beads market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa magnetic beads market
Middle East & Africa Magnetic Beads Market Outlook Share, 2021 & 2030 (US$M)
Middle East & Africa magnetic beads market
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