Middle East and Africa Clinical Laboratory Services Market, By Specialty (Clinical Chemistry Testing, Hematology Testing, Microbiology Testing, Immunology Testing, Drugs of Abuse Testing, Cytology Testing and Genetic Testing), Provider (Independent & Reference Laboratories, Hospital-Based Laboratories and Nursing and Physician Office-Based Laboratories), Application (Drug Discovery Related Services, Drug Development Related Services, Bioanalytical & Lab Chemistry Services, Toxicology Testing Services, Cell & Gene Therapy Related Services, Preclinical & Clinical Trial Related Services and Other Clinical Laboratory Services), Service Type (Routine Testing Services, Esoteric Services And Anatomic Pathology Services), Country (Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, and Rest of Middle East and Africa) Industry Trends and Forecast To 2028.
Market Analysis and Insights: Middle East and Africa Clinical Laboratory Services Market
The clinical laboratory services market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.7% in the forecast period of 2021 to 2028 and is expected to reach USD 7,551.56 million by 2028. Rising infectious diseases worldwide and advancement in clinical diagnostic methods act as a driver for the Middle East and Africa clinical laboratory services market growth.
Clinical laboratories are an important part of the healthcare field. Most diagnostic tests, starting from the blood test to the genetic analysis, are conducted in these clinical laboratories to detect different diseases. Clinical laboratories offer data and resources that lead to optimizing the required distribution in the healthcare system, such as diagnostics and test results. This maintains and provides reliable and correct test results that enable doctors to make appropriate clinical and diagnostic decisions across various levels of health care services. This allows clinicians adapt, begin and also stop treatment which would be hindered in the absence of medical laboratory facilities. Clinical laboratory services includes drug discovery, drug development, bioanalytical & lab chemistry, toxicology testing, cell & gene therapy and preclinical & clinical trial related services. Independent & reference laboratories, hospital-based laboratories, nursing and physician office-based laboratories are some of the major providers of clinical laboratory services.
The growth of the Middle East and Africa clinical laboratory services market reflects increase in occurrence of infectious diseases and rising demand for early and accurate disease diagnosis along with advancement in the methods of clinical diagnostics. Additionally, major factors expected to contribute in growth of the Middle East and Africa clinical laboratory services market in future are rising adoption of digital pathology platforms, preference for comprehensive health checkups offered by clinical laboratories. Inaccurate results of tests along with inadequate reimbursements policies is expected to restrain Middle East and Africa clinical laboratory services market growth. However, pricing pressure faced by healthcare payers and providers and rise in preference for home-based/point-of-care testing procedures are expected to obstruct the market growth.
The clinical laboratory services market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the clinical laboratory services market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Clinical Laboratory Services Market Scope and Market Size
The clinical laboratory services market is segmented on specialty, provider, application and service type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of specialty, the market is segmented into clinical chemistry testing, hematology testing, microbiology testing, immunology testing, drugs of abuse testing, cytology testing and genetic testing. In 2021, the clinical chemistry testing segment is expected to dominate the market due to the increasing demand of point of care testing solutions which is used for the fast diagnosis of the disease is expected to help the market to grow significantly.
- On the basis of provider, the market is segmented into independent & reference laboratories, hospital-based laboratories and nursing and physician office-based laboratories. In 2021, the hospital-based laboratories segment is expected to dominate the market due to increasing cases of injuries in the hospitals which leads to high patient volumes.
- On the basis of application, the market is segmented into drug discovery related services, drug development related services, bioanalytical & lab chemistry services, toxicology testing services, cell & gene therapy related services, preclinical & clinical trial related services and other clinical laboratory services. In 2021, the bioanalytical & lab chemistry services segment is expected to dominate the market because lab chemistry services provide support in the chemical analysis including elemental analysis, failure analysis and project analysis.
- On the basis of service type, the market is segmented into routine testing services, esoteric services and anatomic pathology services. In 2021, the routine testing services segment is expected to dominate the market due to increasing demand of research and development.
Clinical Laboratory Services Market Country Level Analysis
The clinical laboratory services market is analyzed and market size information is provided by the country specialty, provider, application and service type as referenced above.
The countries covered in the clinical laboratory services market report are South Africa, Saudi Arabia, UAE, Egypt, Israel, and rest of Middle East and Africa.
South Africa is expected to dominate the clinical laboratory services market due to increasing awareness about diagnosis and treatment of the disease.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Clinical Laboratory Services is Boosting the Market Growth of Clinical Laboratory Services Market
The clinical laboratory services market also provides with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010-2019.
Competitive Landscape and Clinical Laboratory Services Market Share Analysis
Clinical laboratory services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to clinical laboratory services market.
The major companies which are dealing in the clinical laboratory services are Mayo Foundation for Medical Education and Research (MFMER), UNILABS, ACM Middle East and Africa Laboratories, and Abbott among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contract, agreement, collaborations and launches are also initiated by the companies’ worldwide which are also accelerating the clinical laboratory services market.
For instance,
- In July 2021, Deep Bio, a leading company in artificial intelligence (AI) cancer diagnostics, announced a research collaboration agreement with ARUP Laboratories, a top U.S. reference laboratory and worldwide leader in innovative laboratory research and development .This Collaboration is benefitted the company in terms of usage of artificial intelligence in diagnostics of cancer.
Product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the Clinical Laboratory Services market which also provides the benefit for organization’s profit growth.
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