UAE Rapid Medical Diagnostic Kits Market Size & Outlook
UAE rapid medical diagnostic kits market, 2018-2030 (US$M)
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UAE rapid medical diagnostic kits market highlights
- The UAE rapid medical diagnostic kits market generated a revenue of USD 179.2 million in 2023 and is expected to reach USD 302.7 million by 2030.
- The UAE market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, otc rdt was the largest revenue generating product in 2023.
- OTC RDT is the most lucrative product segment registering the fastest growth during the forecast period.
Rapid medical diagnostic kits market data book summary
| Market revenue in 2023 | USD 179.2 million |
| Market revenue in 2030 | USD 302.7 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Otc rdt |
| Fastest growing segment | OTC RDT |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OTC RDT, Professional RDT |
| Key market players worldwide | ACON Laboratories, Abbott Laboratories, BD, BioMerieux SA, Bio-Rad Laboratories Inc, Danaher Corp, Cardinal Health Inc, Creative Diagnostics, Roche, McKesson Corp, Meridian Bioscience, Trinity Biotech PLC ADR, Zoetis Inc Class A, Artron Bioresearch, Alfa Medical Group, BioNTech SE ADR, Sight Diagnostics |
Other key industry trends
- In terms of revenue, UAE accounted for 0.9% of the global rapid medical diagnostic kits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia rapid medical diagnostic kits market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 302.7 million by 2030.
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Rapid Medical Diagnostic Kits Market Scope
Rapid Medical Diagnostic Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE rapid medical diagnostic kits 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 rapid medical diagnostic kits market will help companies and investors design strategic landscapes.
Otc rdt was the largest segment with a revenue share of 63.67% in 2023. Horizon Databook has segmented the UAE rapid medical diagnostic kits market based on otc rdt, professional rdt covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in awareness campaigns in the UAE for TB is anticipated to boost the regional market. For instance, in September 2018, the UAE Ministry of Health and Prevention launched a nationwide campaign to educate individuals about infectious diseases.
Thus, rise in initiatives undertaken by the government of UAE is expected to boost market growth during the forecast period. On May 20, 2020, the medical-research arm of International Holdings Company based in the UAE, QuantLase Imaging Lab, announced that it has developed a rapid laser test for diagnosing COVID-19.
The test uses a novel instrument that reduces the turnaround time to few seconds with an accuracy rate of 85% to 90% and has the potential to be utilized for mass COVID-19 screenings. Such potential clinical trials are expected to create significant market growth opportunities in the country.
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Our clientele includes a mix of rapid medical diagnostic kits market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE rapid medical diagnostic kits market , including forecasts for subscribers. This country databook contains high-level insights into UAE rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE rapid medical diagnostic kits market size, by product, 2018-2030 (US$M)
UAE Rapid Medical Diagnostic Kits Market Outlook Share, 2023 & 2030 (US$M)
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