Middle East & Africa Polymerase Chain Reaction Market Size & Outlook
Middle East & Africa polymerase chain reaction market, 2018-2030 (US$M)
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MEA polymerase chain reaction market highlights
- The MEA polymerase chain reaction market generated a revenue of USD 957.1 million in 2023.
- The market is expected to grow at a CAGR of -7.3% from 2024 to 2030.
- In terms of segment, conventional pcr was the largest revenue generating type in 2023.
- Conventional PCR is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 957.1 million |
| Market revenue in 2030 | USD 564.1 million |
| Growth rate | -7.3% (CAGR from 2023 to 2030) |
| Largest segment | Conventional pcr |
| Fastest growing segment | Conventional PCR |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional PCR |
| Key market players worldwide | Thermo Fisher Scientific Inc, Danaher Corp, Abbott Laboratories, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Qiagen NV, Roche Holding AG ADR, Standard BioTools Inc, Stilla, Microsynth |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.1% of the global polymerase chain reaction market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 564.1 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Polymerase Chain Reaction Market Scope
Polymerase Chain Reaction Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa polymerase chain reaction 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 polymerase chain reaction market will help companies and investors design strategic landscapes.
Conventional pcr was the largest segment with a revenue share of 4.76% in 2023. Horizon Databook has segmented the Middle East & Africa polymerase chain reaction market based on conventional pcr covering the revenue growth of each sub-segment from 2018 to 2030.
Significant increase in the prevalence of cancer in the African regions due to low standard of living, unhealthy diet, smoking, and industrial & agricultural pollution has led to an increase in the need for adopting genomics research & diagnostics.
Nearly 137 and 100 people per 100,000 are affected with cancer in Eastern and Middle East & Africa, respectively, with a mortality rate of 15.5%. Moreover, the high cost of qPCR & dPCR techniques is not affordable for most of the African population as numerous people are below the poverty line.
Hence, the high demand for technological advancements coupled with the current COVID-19 pandemic is anticipated to drive the market. Furthermore, international companies and governments are undertaking initiatives to provide tests for patients suffering from COVID-19.
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Our clientele includes a mix of polymerase chain reaction 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa polymerase chain reaction market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa polymerase chain reaction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA polymerase chain reaction market size, by country, 2018-2030 (US$M)
Middle East & Africa Polymerase Chain Reaction Market Outlook Share, 2023 & 2030 (US$M)
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