UAE Precision Medicine Market Size & Outlook, 2023-2030
UAE precision medicine market, 2018-2030 (US$M)
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UAE precision medicine market highlights
- The UAE precision medicine market generated a revenue of USD 268.8 million in 2023 and is expected to reach USD 488.4 million by 2030.
- The UAE 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.
Precision medicine market data book summary
| Market revenue in 2023 | USD 268.8 million |
| Market revenue in 2030 | USD 488.4 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Diagnostics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UAE accounted for 0.3% of the global precision medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa precision medicine market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,188.1 million by 2030.
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Precision Medicine Market Scope
Precision Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 85.68% in 2023. Horizon Databook has segmented the UAE precision medicine market based on diagnostics, therapeutics covering the revenue growth of each sub-segment from 2018 to 2030.
Launched in early 2021, the Emirati Genome Program (EGP) aims to uncover profound genomics insights tailored to the Emirati population. As the UAE's inaugural national-scale population genomics initiative, the EGP holds promise for revolutionizing the management of local population health and wellness.
By offering personalized wellness and lifestyle recommendations, the program seeks to empower participating Emiratis to proactively address their health, leading to lifestyle changes and preventive measures supported by selected clinical tests.
A collaboration between the Ministry of Health and Prevention, the Department of Health Abu Dhabi, the Dubai Health Authority, and G42 Healthcare's subsidiary, G42 Healthcare Omics Center of Excellence, the EGP adheres to the highest ethical and governance standards, ensuring participant anonymity and data protection.
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Target buyers of UAE 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 country-level data and insights on the UAE precision medicine market , including forecasts for subscribers. This country databook contains high-level insights into UAE precision medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE precision medicine diagnostics therapeutics market size, by application, 2018-2030 (US$M)
UAE Precision Medicine Market Outlook Share, 2023 & 2030 (US$M)
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