Middle East & Africa Nanomedicine Market Size & Outlook
Middle East & Africa nanomedicine market, 2018-2030 (US$M)
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MEA nanomedicine market highlights
- The MEA nanomedicine market generated a revenue of USD 6,081.6 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, drug delivery was the largest revenue generating application in 2023.
- Therapeutics is the most lucrative application 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 6,081.6 million |
| Market revenue in 2030 | USD 8,902.9 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Drug delivery |
| Fastest growing segment | Therapeutics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drug Delivery, Therapeutics, In-vitro Diagnostics, Implants, In-vivo Imaging |
| Key market players worldwide | Abbott Laboratories, Invitae Corp, Celgene, GE HealthCare Technologies Inc Common Stock, Johnson & Johnson, Mallinckrodt PLC Ordinary Shares - New, Merck & Co Inc, Pfizer Inc, Teva Pharmaceutical Industries Ltd, Arrowhead Pharmaceuticals Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.2% of the global nanomedicine 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 77,747.1 million by 2030.
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Nanomedicine Market Scope
Nanomedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa nanomedicine 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 nanomedicine market will help companies and investors design strategic landscapes.
Drug delivery was the largest segment with a revenue share of 34.06% in 2023. Horizon Databook has segmented the Middle East & Africa nanomedicine market based on drug delivery, therapeutics, in-vitro diagnostics, implants, in-vivo imaging covering the revenue growth of each sub-segment from 2018 to 2030.
MEA nanomedicine market is estimated to have the lowest market penetration as nanomedicine arena is currently at nascent stage in the region. However, with growing awareness of nanotechnology-based nanomedicines, the market is expected to register growth in this region in the coming years.
In October 2018, Abu Dhabi hosted the 27th International Conference on Nanomedicine and Nanomaterials with the Theme “Next Generation Delivery Vehicles for Affordable Healthcare” to exchange innovations, ideas, and technologies pertaining to nanomaterials and nanomedicine arena.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa nanomedicine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa nanomedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA nanomedicine market size, by country, 2018-2030 (US$M)
Middle East & Africa Nanomedicine Market Outlook Share, 2023 & 2030 (US$M)
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