Kuwait Molecular Diagnostics Market Size & Outlook
Kuwait molecular diagnostics market, 2018-2030 (US$M)
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Kuwait molecular diagnostics market highlights
- The Kuwait molecular diagnostics market generated a revenue of USD 44.1 million in 2023 and is expected to reach USD 28.8 million by 2030.
- The Kuwait market is expected to grow at a CAGR of -5.9% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Home Care is the most lucrative end use segment registering the fastest growth during the forecast period.
Molecular diagnostics market data book summary
| Market revenue in 2023 | USD 44.1 million |
| Market revenue in 2030 | USD 28.8 million |
| Growth rate | -5.9% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Home Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Home Care |
| Key market players worldwide | Becton Dickinson & Co, BioMerieux SA, Bio-Rad Laboratories Inc, Abbott Laboratories, Agilent Technologies Inc, Danaher Corp, Hologic Inc, Illumina Inc, Grifols SA Ordinary Shares - Class A, Qiagen NV, Roche Holding AG, Siemens Healthineers AG ADR, Sysmex Corp |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.1% of the global molecular diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa molecular diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 167.1 million by 2030.
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Molecular Diagnostics Market Scope
Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait molecular diagnostics 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 diagnostics market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 47.17% in 2023. Horizon Databook has segmented the Kuwait molecular diagnostics market based on hospitals, outpatient facilities, home care covering the revenue growth of each sub-segment from 2018 to 2030.
In Kuwait, IVDs are regulated by the Ministry of Health's Department of Medical Devices and Supplies. The regulations aim to ensure that IVDs imported and used in Kuwait are safe, effective, and of highquality standards. The regulatory requirements for IVDs in Kuwait include product registration, import licensing, conformity assessment, labeling, and advertising regulations. Manufacturers and importers of IVDs must comply with these requirements to ensure their products can be imported, marketed, and sold in the country.
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Target buyers of Kuwait molecular diagnostics market databook
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Our clientele includes a mix of molecular diagnostics 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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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 country-level data and insights on the Kuwait molecular diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait molecular diagnostics market size, by end use, 2018-2030 (US$M)
Kuwait Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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