Kuwait Point-of-care Molecular Diagnostics Market Size & Outlook
Kuwait point-of-care molecular diagnostics market, 2018-2030 (US$M)
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Kuwait point-of-care molecular diagnostics market highlights
- The Kuwait point-of-care molecular diagnostics market generated a revenue of USD 12.5 million in 2023 and is expected to reach USD 14.9 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 2.6% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Hematology is the most lucrative application segment registering the fastest growth during the forecast period.
Point-of-care molecular diagnostics market data book summary
| Market revenue in 2023 | USD 12.5 million |
| Market revenue in 2030 | USD 14.9 million |
| Growth rate | 2.6% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Hematology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, Prenatal Testing, Endocrinology, Other Applications, Hematology, Infectious Diseases |
| Key market players worldwide | Roche, Abbott Laboratories, Qiagen NV, Bayer AG, Nova Biomedical, Danaher Corp, Nipro Corp, Bio-Rad Laboratories Inc, Agilent Technologies Inc, BioMerieux SA, OraSure Technologies Inc, Abaxis |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.2% of the global point-of-care 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, Saudi Arabia point-of-care molecular diagnostics 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 33.9 million by 2030.
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Point-of-Care Molecular Diagnostics Market Scope
Point-of-Care Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait point-of-care 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 point-of-care molecular diagnostics market will help companies and investors design strategic landscapes.
Infectious diseases was the largest segment with a revenue share of 93.6% in 2023. Horizon Databook has segmented the Kuwait point-of-care molecular diagnostics market based on oncology, prenatal testing, endocrinology, other applications, hematology, infectious diseases covering the revenue growth of each sub-segment from 2018 to 2030.
According to WHO, CVD, stroke, COVID-19, pneumonia, and cancer were major causes of death in Kuwait in 2022. The high burden of these diseases in the country is expected to fuel the demand for diagnostic testing and support the point-of-care molecular diagnostics market in Kuwait. Due to the pandemic, diagnostic device companies partnered with the market players to improve testing in Kuwait.
For instance, in March 2023, Mylab Discovery Solutions partnered with AstraGene, a diagnostic company, to develop automated point-of-care molecular diagnostics for Kuwait. Adoption of such strategies and the high burden of COVID-19 in the country is expected to improve the availability of immunoassays in the region.
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Target buyers of Kuwait point-of-care molecular diagnostics market databook
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Our clientele includes a mix of point-of-care molecular diagnostics 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 country-level data and insights on the Kuwait point-of-care molecular diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait point-of-care molecular diagnostics market size, by application, 2018-2030 (US$M)
Kuwait Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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