UAE Metagenomics Market Size & Outlook, 2023-2030
UAE metagenomics market, 2018-2030 (US$M)
Related Markets
UAE metagenomics market highlights
- The UAE metagenomics market generated a revenue of USD 13.8 million in 2023 and is expected to reach USD 40.7 million by 2030.
- The UAE market is expected to grow at a CAGR of 16.7% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Sequencing & Data Analytics Services is the most lucrative product segment registering the fastest growth during the forecast period.
Metagenomics market data book summary
| Market revenue in 2023 | USD 13.8 million |
| Market revenue in 2030 | USD 40.7 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Sequencing & Data Analytics Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Sequencing & Data Analytics Services, Software |
| Key market players worldwide | Bio-Rad Laboratories Inc, Illumina Inc, PerkinElmer, Thermo Fisher Scientific Inc, Novogene, Promega, Qiagen NV, Takara Bio Inc, Oxford Nanopore Technologies PLC, Roche Holding AG |
Other key industry trends
- In terms of revenue, UAE accounted for 0.7% of the global metagenomics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia metagenomics 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 40.7 million by 2030.
Kits & reagents was the largest segment with a revenue share of 61.59% in 2023. Horizon Databook has segmented the UAE metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.
Several strategic initiatives have been undertaken in the country. In April 2022, Viafet Genomics Laboratory collaborated with Euformatics to provide carrier screening and clinical diagnostics in the UAE. Similarly, in November 2022, the Illumina Solutions Center in Dubai offered its services to scientists, medical professionals, and officials from the Emirate.
To enhance and provide precision medicine to patients at scale, the new cutting-edge laboratory will increase genomics capabilities and develop local knowledge in the field. Illumina's most recent NGS and array technologies are situated in the over 9,100 square-foot solutions center.
Moreover, the growing application in environmental monitoring is further anticipated to boost the market growth. For instance, in July 2023, a team of researchers from around the world successfully conducted an extensive genomic analysis of Setaria, commonly known as foxtail millet an essential cereal crop.
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Metagenomics Market Scope
Metagenomics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE metagenomics market size, by product, 2018-2030 (US$M)
UAE Metagenomics Market Outlook Share, 2023 & 2030 (US$M)
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