Middle East & Africa Medical Device Testing Services Market Size & Outlook
Middle East & Africa medical device testing services market, 2018-2030 (US$M)
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MEA medical device testing services market highlights
- The MEA medical device testing services market generated a revenue of USD 55.0 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, biocompatibility tests was the largest revenue generating service in 2023.
- Chemistry Test is the most lucrative service 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 55.0 million |
| Market revenue in 2030 | USD 95.1 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Biocompatibility tests |
| Fastest growing segment | Chemistry Test |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biocompatibility Tests, Chemistry Test, Microbiology & Sterility Testing, Package Validation |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Sotera Health Co Ordinary Shares, Charles River Laboratories International Inc, NAMSA, Eurofins Scientific SE, Intertek Group PLC, Wuxi AppTec Co Ltd, TUV SUD, Element Materials Technology, Pace Analytical Services |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.0% of the global medical device testing services market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 147.9 million by 2030.
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Medical Device Testing Services Market Scope
Medical Device Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa medical device 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 medical device testing services market will help companies and investors design strategic landscapes.
Biocompatibility tests was the largest segment with a revenue share of 48.91% in 2023. Horizon Databook has segmented the Middle East & Africa medical device testing services market based on biocompatibility tests, chemistry test, microbiology & sterility testing, package validation covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa, Saudi Arabia, UAE, Kuwait, Israel, and Egypt constitute the MEA market. Several companies in the region are innovating medical device product and offering cost advantage, infrastructure, and world-class medical facilities.
The region has much to offer with its untapped market for medical device testing services with expanding medical device companies. In addition, healthcare companies are expected to have a high growth potential owing to varying socioeconomic conditions & political developments across the region, as it is entirely conceivable for companies to find opportunities for R&D in the healthcare industry.
Moreover, the increasing prevalence of long-term disorders has fueled the demand for long-term care devices, home medical equipment, and durable medical devices. This is anticipated to boost the demand for medical devices and create investment avenues for market players, further propelling the growth of medical device testing services market.
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Our clientele includes a mix of medical device testing services 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa medical device testing services market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA medical device testing services market size, by country, 2018-2030 (US$M)
Middle East & Africa Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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