Middle East & Africa Virus Safety Testing Services Market Size & Outlook
Middle East & Africa virus safety testing services market, 2016-2028 (US$M)
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MEA virus safety testing services market highlights
- The MEA virus safety testing services market generated a revenue of USD 20.7 million in 2021.
- The market is expected to grow at a CAGR of 13.2% from 2022 to 2028.
- In terms of segment, adventitious virus tests was the largest revenue generating test type in 2021.
- Adventitious Virus Tests is the most lucrative test type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2021 | USD 20.7 million |
| Market revenue in 2028 | USD 49.2 million |
| Growth rate | 13.2% (CAGR from 2021 to 2028) |
| Largest segment | Adventitious virus tests |
| Fastest growing segment | Adventitious Virus Tests |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adventitious Virus Tests, Antibody Production Tests, Retrovirus Tests, Specific Virus Tests, Other Tests |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.1% of the global virus safety testing services market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 368.0 million by 2028.
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Virus Safety Testing Services Market Scope
Virus Safety Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa virus safety testing services 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 virus safety testing services market will help companies and investors design strategic landscapes.
Adventitious virus tests was the largest segment with a revenue share of 36.71% in 2021. Horizon Databook has segmented the Middle East & Africa virus safety testing services market based on adventitious virus tests, antibody production tests, retrovirus tests, specific virus tests, other tests covering the revenue growth of each sub-segment from 2016 to 2028.
Some of the key countries in the MEA market are South Africa, Saudi Arabia, and the UAE. The virus safety testing services market in this region is anticipated to exhibit steady growth during the forecast period, which can be attributed to factors such as limited investments in the biotechnology sector, low affordability of costly services, and low intensity of biotechnology R&D activities.
However, robust government initiatives to boost the biotechnology sector in countries such as Saudi Arabia and the UAE are anticipated to create lucrative opportunities in the near future. Organizations such as the King Abdullah University of Science and Technology (KAUST) facilitate the biotechnology R&D activities in Saudi Arabia.
Furthermore, increasing private and public partnerships for expanding biopharmaceutical industry in the country is anticipated to further boost the demand for virus safety testing services.
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Target buyers of Middle East & Africa virus safety testing services market databook
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Our clientele includes a mix of virus safety testing services 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 virus safety testing services market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa virus safety testing services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Virus Safety Testing Services Market Outlook Share, 2021 & 2028 (US$M)
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