Middle East & Africa Genetic Testing Services Market
No. of Pages: 89 | Report Code: BMIRE00030243 | Category: Life Sciences
No. of Pages: 89 | Report Code: BMIRE00030243 | Category: Life Sciences
The Middle East & Africa genetic testing services market was valued at US$ 78.07 million in 2022 and is expected to reach US$ 200.38 million by 2030; it is estimated to register a CAGR of 12.5% from 2022 to 2030.
Rising Prevalence of Genetic Diseases Bolsters Middle East & Africa Genetic Testing Services Market
The prevalence of genetic diseases is rising across the world and impacting the health of people at a severe level. Genetic diseases show many symptoms that are uncommon and are mostly non-curable. Most of the genetic diseases are rare and are developed due to the mutation in the genetic makeup of the people. According to The World Health Organization (WHO) 2021, 10 out of every 1,000 people are affected by single-gene diseases, signifying that 70 million and 80 million people worldwide are living with any one type of single-gene disease. As per the Global Genes, ~7,000 known rare diseases and disorders have been identified worldwide, and more are being discovered every year. According to the University of Sheffield research, ~300 million people are living with genetic diseases around the world. In Asia Pacific and the Middle East, a very large population is diagnosed with genetic diseases due to consanguineous marriage favored in many communities. Marriages between relatives are the major concern for the rising prevalence of genetic diseases. The burden of autosomal recessive disease variations is high in Saudi Arabia due to the highly consanguineous population. To control these conditions, countries in the Middle East are mandatorily conducting genetic evaluations for couples getting married so that the prevalence of these diseases can be managed and treated timely. Thus, the rising prevalence of genetic diseases fuels the demand for genetic testing, which in turn drives genetic testing services market growth.
Middle East & Africa Genetic Testing Services Market Overview
The genetic testing services market in the Middle East & Africa is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa. The market is driven by programs undertaken by a number of research institutes and the availability of infrastructure and facilities for research in the UAE and Saudi Arabia. The support by the government in these countries are likely to boost the growth of the market. Moreover, the increase in the incidence of genetic disorders and cancer plays an important role in the development of the genetic testing industry.
Middle East & Africa Genetic Testing Services Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa Genetic Testing Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 78.07 Million |
Market Size by 2030 | US$ 200.38 Million |
Global CAGR (2022 - 2030) | 12.5% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Service Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Genetic Testing Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Eurofins Scientific SE
2. Laboratory Corp of America Holdings
3. Quest Diagnostics Inc
4. Illumina Inc
5. F. Hoffmann-La Roche Ltd
6. Centogene AG
The Middle East & Africa Genetic Testing Services Market is valued at US$ 78.07 Million in 2022, it is projected to reach US$ 200.38 Million by 2030.
As per our report Middle East & Africa Genetic Testing Services Market, the market size is valued at US$ 78.07 Million in 2022, projecting it to reach US$ 200.38 Million by 2030. This translates to a CAGR of approximately 12.5% during the forecast period.
The Middle East & Africa Genetic Testing Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Genetic Testing Services Market report:
The Middle East & Africa Genetic Testing Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Genetic Testing Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Genetic Testing Services Market value chain can benefit from the information contained in a comprehensive market report.