Middle East & Africa Clinical Reference Laboratory Market Forecast to 2031

At 5.0% CAGR, Middle East & Africa Clinical Reference Laboratory Market is Speculated to be Worth US$ 3,193.75 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa clinical reference laboratory market was valued at US$ 2,168.12 million in 2023 and is expected to reach US$ 3,193.75 million by 2031, registering a CAGR of 5.0% from 2023 to 2031. Rising prevalence of chronic and infectious diseases and use of artificial intelligence in clinical reference laboratories are among the critical factors attributed to drive the Middle East & Africa clinical reference laboratory market growth.

The increasing prevalence of chronic diseases and the emergence and outbreak of various infectious diseases have fueled the demand for novel treatment options and newer therapeutic categories and created the need for better treatment options in existing therapeutic categories. According to the WHO data released in September 2023, noncommunicable diseases (NCDs), including heart disease, cancer, stroke, diabetes, and chronic lung disease, kill 41 million people each year. Accurate diagnostics are critical for identifying disease biomarkers and detecting organisms, particularly in cancer and tuberculosis. Clinical reference laboratories play an important role in modern healthcare. The reference laboratories provide services for the quick diagnosis of infectious diseases that require specialized laboratory testing equipment and expertise, such as swine flu, hepatitis A and B. These laboratories also offer low-cost diagnostic testing for common chronic conditions such as cancer, diabetes, and cardiovascular disease. During the COVID-19 pandemic, it became evident that medical reference labs are critical for rapid testing, establishing novel techniques, generating and analyzing data, and serving as knowledge hubs. Reference labs are more than just high-volume testing facilities; they are the hubs of expertise and data. Thus, the rising prevalence of infectious and chronic diseases is driving the growth of the clinical reference laboratory market.

On the contrary, complications related to regulatory framework and adoption of continuous technological developments hamper the growth of Middle East & Africa clinical reference laboratory market.

Based on service provider, the Middle East & Africa clinical reference laboratory market is segmented into hospital-based, standalone, and clinic-based. The hospital-based segment held 60.5% market share in 2023, amassing US$ 1,311.08 million. It is projected to garner US$ 1,905.47 million by 2031 to register 4.9% CAGR during 2023-2031.

In terms of application, the Middle East & Africa clinical reference laboratory medicine market is categorized into laboratory medicine, clinical trials, and others. The laboratory medicine segment held 71.4% share of Middle East & Africa clinical reference laboratory market in 2023, amassing US$ 1,547.52 million. It is anticipated to garner US$ 2,233.32 million by 2031 to expand at 4.7% CAGR during 2023-2031.

By country, the Middle East & Africa clinical reference laboratory market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudia Arabia captured 40.1% share of Middle East & Africa clinical reference laboratory market in 2023. It was assessed at US$ 869.65 million in 2023 and is likely to hit US$ 1,261.94 million by 2031, registering a CAGR of 4.8% during 2023-2031.

Key players operating in the Middle East & Africa clinical reference laboratory market are UNILABS, Laboratory Corp of America Holdings, Quest Diagnostics Inc, and SYNLAB International GmbH, among others.

In April 2024, Quest Diagnostics and Broad Clinical Labs, the world expert in whole genome sequencing (WGS), announced a research collaboration designed to demonstrate the clinical value of WGS as a first-line genetic test for postnatal diagnosis of developmental delay disorders.

In April 2024, SYNLAB launched myEDIT-B is the first clinically validated test for the differential diagnosis between bipolar disorder and unipolar depression, signalling a paradigm shift in the identification of this mental health disorder and thus increasing the effectiveness of the treatment approach.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa clinical reference laboratory market.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa clinical reference laboratory market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa clinical reference laboratory market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Middle East & Africa Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Clinical Reference Laboratory Market – Key Market Dynamics
4.1 Market Drivers
4.1.1 Rising Prevalence of Chronic and Infectious Diseases
4.1.2 Increasing Number of Clinical Trials
4.2 Market Restraints
4.2.1 Complications Related to Regulatory Framework and Adoption of Continuous Technological Developments
4.3 Market Opportunities
4.3.1 Strategic Initiatives with Reference Laboratories
4.4 Future Trends
4.4.1 Use of Artificial Intelligence in Clinical Reference Laboratories
4.5 Impact of Drivers and Restraints:
5. Clinical Reference Laboratory Market – Middle East & Africa Analysis
5.1 Clinical Reference Laboratory Market Revenue (US$ Million), 2021-2031
5.2 Clinical Reference Market Forecast and Analysis
6. Middle East & Africa Clinical Reference Laboratory Market Analysis – by Service Provider
6.1 Overview
6.2 Hospital-Based
6.2.1 Overview
6.2.2 Hospital-Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
6.3 Standalone
6.3.1 Overview
6.3.2 Standalone: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
6.4 Clinical Based
6.4.1 Overview
6.4.2 Clinical Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
7. Middle East & Africa Clinical Reference Laboratory Market Analysis – by Application
7.1 Overview
7.2 Laboratory Medicine
7.2.1 Overview
7.2.2 Laboratory Medicine: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Clinical Trials
7.3.1 Overview
7.4 Others
7.4.1 Overview
7.4.2 Others: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
8. Middle East & Africa Clinical Reference Laboratory Market – Country Analysis
8.1 Middle East & Africa Clinical Reference Laboratory Market Overview
8.1.1 Middle East & Africa: Clinical Reference Laboratory Market Breakdown 2023 and 2031 (%) – by Country
8.1.1.1 Saudi Arabia: Clinical Reference Laboratory Market – Overview
8.1.1.2 Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
8.1.1.2.1 Saudi Arabia: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
8.1.1.2.2 Saudi Arabia: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
8.1.1.3 South Africa: Clinical Reference Laboratory Market – Overview
8.1.1.4 South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
8.1.1.4.1 South Africa: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
8.1.1.4.2 South Africa: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
8.1.1.5 United Arab Emirates: Clinical Reference Laboratory Market – Overview
8.1.1.6 United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
8.1.1.6.1 United Arab Emirates: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
8.1.1.6.2 United Arab Emirates: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
8.1.1.7 Rest of Middle East & Africa: Clinical Reference Laboratory Market – Overview
8.1.1.8 Rest of Middle East & Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
8.1.1.8.1 Rest of Middle East & Africa: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Service Provider
8.1.1.8.2 Rest of Middle East & Africa: Clinical Reference Laboratory Market Revenue and Forecast to 2031 (US$ Million), by Application
9. Clinical Reference Laboratory Market-Industry Landscape
9.1 Overview
9.2 Growth Strategies in the Clinical Reference Laboratory Market
9.3 Inorganic Growth Strategies
9.3.1 Overview
9.4 Organic Growth Strategies
9.4.1 Overview
10. Company Profiles
10.1 UNILABS
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Laboratory Corp of America Holdings
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Quest Diagnostics Inc
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 SYNLAB International GmbH
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
11. Appendix
11.1 About The Research Team
11.2 Glossary of Terms

LIST OF TABLES

Table 1. Middle East & Africa Clinical Reference Laboratory Market Segmentation
Table 2. Clinical Reference Market – Revenue and Forecast to 2031 (US$ Million)
Table 3. Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million) – by Service Provider
Table 4. Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 5. South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million) – by Service Provider
Table 6. South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 7. United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million) – by Service Provider
Table 8. United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 9. Rest of Middle East & Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million) – by Service Provider
Table 10. Rest of Middle East & Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 11. Recent Inorganic Growth Strategies in the Clinical Reference Laboratory Market
Table 12. Recent Organic Growth Strategies in the Clinical Reference Laboratory Market
Table 13. Glossary of Terms

LIST OF FIGURES

Figure 1. Middle East & Africa Clinical Reference Laboratory Market Segmentation, by Country
Figure 2. Clinical Reference Laboratory Market – Key Market Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Clinical Reference Laboratory Market Revenue (US$ Million), 2021-2031
Figure 5. Clinical Reference Laboratory Market Share (%) – by Service Provider (2023 and 2031)
Figure 6. Hospital-Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Standalone: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Clinical Based: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Clinical Reference Laboratory Market Share (%) – by Application (2023 and 2031)
Figure 10. Laboratory Medicine: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Clinical Trials: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Others: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Middle East & Africa: Clinical Reference Laboratory Market, by Key Country – Revenue (2023) (US$ Million)
Figure 14. Middle East & Africa: Clinical Reference Laboratory Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 15. Saudi Arabia: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. South Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. United Arab Emirates: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Rest of Middle East & Africa: Clinical Reference Laboratory Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Growth Strategies in the Clinical Reference Laboratory Market