Middle East & Africa Precision Diagnostics Market Size & Outlook
Middle East & Africa precision diagnostics market, 2018-2030 (US$M)
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MEA precision diagnostics market highlights
- The MEA precision diagnostics market generated a revenue of USD 322.2 million in 2023.
- The market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, genetic tests was the largest revenue generating test type in 2023.
- Direct to Consumer Tests is the most lucrative test 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 322.2 million |
| Market revenue in 2030 | USD 765.5 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Genetic tests |
| Fastest growing segment | Direct to Consumer Tests |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Tests, Direct to Consumer Tests, Esoteric Tests |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG, Siemens Healthineers AG ADR, Thermo Fisher Scientific Inc, BioMerieux SA, Becton Dickinson & Co, Danaher Corp, Qiagen NV, Hologic Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.1% of the global precision 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 7,615.8 million by 2030.
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Precision Diagnostics Market Scope
Precision Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa precision 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 precision diagnostics market will help companies and investors design strategic landscapes.
Genetic tests was the largest segment with a revenue share of 58.1% in 2023. Horizon Databook has segmented the Middle East & Africa precision diagnostics market based on genetic tests, direct to consumer tests, esoteric tests covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa precision diagnostics market databook
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Our clientele includes a mix of precision 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 precision diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa precision diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA precision diagnostics market size, by country, 2018-2030 (US$M)
Middle East & Africa Precision Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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