Middle East & Africa Point-of-care Molecular Diagnostics Market Size & Outlook
Middle East & Africa point-of-care molecular diagnostics market, 2018-2030 (US$M)
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MEA point-of-care molecular diagnostics market highlights
- The MEA point-of-care molecular diagnostics market generated a revenue of USD 160.5 million in 2023.
- The market is expected to grow at a CAGR of 2.8% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Oncology 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 160.5 million |
| Market revenue in 2030 | USD 194.4 million |
| Growth rate | 2.8% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Oncology |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 3.1% of the global point-of-care molecular diagnostics 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 1,609.3 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 |
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Middle East & Africa 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 93.52% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Increasing prevalence of chronic conditions, such as cancer, cardiovascular diseases, and other diseases is expected to accelerate the market growth. According to WHO estimates in 2020, cancer incidence in the Middle East are expected to double by 2030. Around 9 out of 22 countries in MEA did not have optimal operational facilities to deal with cancer.
Economic development and the presence of high unmet healthcare needs—witnessed in emerging markets such as South Africa—are primary factors driving the market growth. Hence, the presence of major untapped opportunities and high need for early diagnosis of diseases are the factors anticipated to boost the market. There is a high prevalence of communicable & infectious diseases in this region. However, ethical reasons, poor infrastructure, and affordability might hamper market growth.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa point-of-care molecular diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA point-of-care molecular diagnostics market size, by country, 2018-2030 (US$M)
Middle East & Africa Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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