Middle East & Africa Precision Medicine Market Size & Outlook
Middle East & Africa precision medicine market, 2018-2030 (US$M)
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MEA precision medicine market highlights
- The MEA precision medicine market generated a revenue of USD 1,720.7 million in 2023.
- The market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, therapeutics was the largest revenue generating application in 2023.
- Diagnostics is the most lucrative application 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 1,720.7 million |
| Market revenue in 2030 | USD 3,126.7 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Diagnostics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics, Therapeutics |
| Key market players worldwide | Roche, Siemens Healthineers AG ADR, Janssen Pharmaceuticals, Illumina Inc, Quest Diagnostics Inc, 23andMe Holding Co Class A, NeoDiagnostix, International Business Machines Corp, Myriad Genetics Inc, Medtronic PLC, GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Dakota Software, Biogen Inc, Qiagen NV, ImmunityBio Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.0% of the global precision medicine 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 57,313.9 million by 2030.
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Precision Medicine Market Scope
Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa precision medicine 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 medicine market will help companies and investors design strategic landscapes.
Therapeutics was the largest segment with a revenue share of 85.54% in 2023. Horizon Databook has segmented the Middle East & Africa precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
There is availability of several million genomes in global public databases, however, there is also a critical lack of high-quality single reference genomes for the Middle East and North Africa (MENA) region, including individual countries in it. This gap highlights an urgent need for attention.
Population genomics initiatives are underway in six MENA countries, including Saudi Arabia, Qatar, Egypt, the UAE, Bahrain, and Iran. These initiatives are making significant progress in establishing high-throughput and high-quality Population Genomic Projects (PGPs) in the region.
The increasing activity in population scale genomics programs is expected to lead to the publication of research articles in scientific journals, thereby increasing the representation of Middle Eastern genomes in public genetic databases. Current and future population-scale genomics projects should consider the challenges highlighted in this review to ensure ethical, regulated, and efficient conduct.
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Target buyers of Middle East & Africa precision medicine market databook
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Our clientele includes a mix of precision medicine 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 medicine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA precision medicine diagnostics therapeutics market size, by country, 2018-2030 (US$M)
Middle East & Africa Precision Medicine Market Outlook Share, 2023 & 2030 (US$M)
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