Middle East & Africa Microfluidics Market Size & Outlook
Middle East & Africa microfluidics market, 2018-2030 (US$M)
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MEA microfluidics market highlights
- The MEA microfluidics market generated a revenue of USD 1,014.7 million in 2023.
- The market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, medical was the largest revenue generating technology in 2023.
- Medical is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,014.7 million |
| Market revenue in 2030 | USD 2,201.3 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Medical |
| Fastest growing segment | Medical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical, Non-Medical |
| Key market players worldwide | Illumina Inc, Roche Holding AG ADR, PerkinElmer, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Abbott Laboratories, Thermo Fisher Scientific Inc, Standard BioTools Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.2% of the global microfluidics 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 18,147.5 million by 2030.
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Microfluidics Market Scope
Microfluidics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa microfluidics 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 microfluidics market will help companies and investors design strategic landscapes.
Medical was the largest segment with a revenue share of 84.12% in 2023. Horizon Databook has segmented the Middle East & Africa microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
Countries in the MEA face several challenges, such as complexity and lack of standardization in regulation of licenses & recruitment. Investment by the private sector is low; more than 75% of the healthcare spending in these countries is by the government.
However, the rising incidence of lifestyle related diseases and increasing demand for standard healthcare provisions are expected to create demand for better diagnostic and healthcare tests. This is expected to contribute to revenue generation.
Government efforts to encourage foreign investment, along with gradual improvement in the regulatory environment, are anticipated to contribute to the growth of its life sciences sector. Gradual progress in the healthcare, pharmaceutical, and life sciences industries is expected to support market growth over the coming years.
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Target buyers of Middle East & Africa microfluidics market databook
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Our clientele includes a mix of microfluidics 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 microfluidics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA microfluidics market size, by country, 2018-2030 (US$M)
Middle East & Africa Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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