Middle East & Africa Molecular Cytogenetics Market Size & Outlook
Middle East & Africa molecular cytogenetics market, 2018-2028 (US$M)
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MEA molecular cytogenetics market highlights
- The MEA molecular cytogenetics market generated a revenue of USD 37.3 million in 2020.
- The market is expected to grow at a CAGR of 10.6% from 2021 to 2028.
- In terms of segment, oncology was the largest revenue generating application in 2020.
- Personalized Medicine is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 37.3 million |
| Market revenue in 2028 | USD 83.4 million |
| Growth rate | 10.6% (CAGR from 2020 to 2028) |
| Largest segment | Oncology |
| Fastest growing segment | Personalized Medicine |
| Historical data covered | 2018 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Disorders, Oncology, Personalized Medicine, Other Applications |
| Key market players worldwide | Danaher Corp, Abbott Laboratories, Bio-Rad Laboratories Inc, Illumina Inc, Sysmex Corp, Roche Holding AG, BioView, MetaSystems, Agilent Technologies Inc, Revvity Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.3% of the global molecular cytogenetics market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 915.4 million by 2028.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Molecular Cytogenetics Market Scope
Molecular Cytogenetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa molecular cytogenetics 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 molecular cytogenetics market will help companies and investors design strategic landscapes.
Oncology was the largest segment with a revenue share of 38.61% in 2020. Horizon Databook has segmented the Middle East & Africa molecular cytogenetics market based on genetic disorders, oncology, personalized medicine, other applications covering the revenue growth of each sub-segment from 2018 to 2028.
Middle East & Africa are set to grow at a steady pace in the forecast period owing to the introduction of newer technologies to reduce the mortality rates by genetic disorders. This region is slowly becoming the hub for medical innovations owing to economic growth in the region. Countries like UAE, Kuwait, and Saudi Arabia are pushing for better medical care across all the population pools.
Government funding and healthcare reforms are encouraging factors for the market growth in the forecast period. Most of the research is funded by the government and most of the laboratories are state run and offer comprehensive cytogenetic tests, including NGS, FISH testing, and chromosomal microarray testing.
All the labs in the fast-developing nations like the UAE need to be licensed and accredited by the government regulatory body to carry out commercial operations. According to the experts, most of the gulf nations that are supported by oil-rich economy have necessary funding to develop the industry from root level and set an example to all the developing nations in terms of medical infrastructure and quality maintenance.
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Our clientele includes a mix of molecular cytogenetics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa molecular cytogenetics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa molecular cytogenetics market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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MEA molecular cytogenetics market size, by country, 2018-2028 (US$M)
Middle East & Africa Molecular Cytogenetics Market Outlook Share, 2020 & 2028 (US$M)
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