Middle East & Africa Std Diagnostics Market Size & Outlook
Middle East & Africa std diagnostics market, 2017-2030 (US$M)
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MEA std diagnostics market highlights
- The MEA std diagnostics market generated a revenue of USD 691.9 million in 2023.
- The market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, consumables (reagents and kits) was the largest revenue generating product in 2023.
- Consumables (Reagents and kits) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 691.9 million |
| Market revenue in 2030 | USD 1,098.1 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Consumables (reagents and kits) |
| Fastest growing segment | Consumables (Reagents and kits) |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments & Services, Consumables (Reagents and kits), Softwares |
| Key market players worldwide | BD, Roche, Hologic Inc, Abbott Laboratories, Danaher Corp, Qiagen NV, OraSure Technologies Inc, Bio-Rad Laboratories Inc, BioMerieux SA, Thermo Fisher Scientific Inc, Seegene, Diasorin SpA |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.0% of the global std 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 3,825.9 million by 2030.
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STD Diagnostics Market Scope
STD Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa std 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 std diagnostics market will help companies and investors design strategic landscapes.
Consumables (reagents and kits) was the largest segment with a revenue share of 69.88% in 2023. Horizon Databook has segmented the Middle East & Africa std diagnostics market based on instruments & services, consumables (reagents and kits), softwares covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East & Africa (MEA) countries such as South Africa, Saudi Arabia, and the UAE are growing economies. The market in this region is driven by high incidence of STDs, rise in consumer awareness, and improvements in healthcare infrastructure.
Thus, MEA is a largely untapped market for STD diagnostics market. Economic development and presence of high unmet healthcare needs in emerging markets such as South Africa are primary factors driving market growth.
Hence, presence of major untapped opportunities and high need for early diagnosis of diseases are anticipated to boost the market. There is high prevalence of communicable & infectious diseases in this region. However, ethical reasons, poor infrastructure, and low affordability may hamper market growth.
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Our clientele includes a mix of std diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa std diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa std diagnostics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA std diagnostics market size, by country, 2017-2030 (US$M)
Middle East & Africa STD Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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