Middle East Molecular Diagnostics Market Analysis & Forecast

• Posted by BIS Reports May 31, 2022 - Filed in Business - #Molecular Diagnostics Market  #Molecular Diagnostics Market size  #Middle East Molecular Diagnostics Market  #Middle East Molecular Diagnostics Market report  #Middle East Molecular Diagnostics industry  #Middle East Molecular Diagnostics Market value  #Middle East Molecular Diagnostics Market growth  #Molecular Diagnostics Market research  - 928 views

  Diagnostics is a well-developed market with an integral part of medical decision-making -aid in acquiring information for a wide range of treatment dissemination, accentuating their criticality in healthcare. Molecular diagnostics has a critical role in the precision medicine approach, as it ensures the safe and effective application of targeted therapeutics. Most of the players in the Middle East molecular diagnostics market offer products encompassing the kits and reagents, instruments, and software categories.
  
  The Middle East molecular diagnostics market is projected to reach $1,017.7 million by 2031 from $493.1 million in 2020, at a CAGR of 6.72% during the forecast period 2021-2031. The growth in the Middle East molecular diagnostics market is expected to be driven by factors such as the increasing prevalence of infectious diseases and various types of cancer in the Middle East, rising awareness of personalized medicine and its acceptance, coupled with the significant number of funding for executing RD in Middle East region.

  Market Segmentation

  

  Segmentation 1: by Product
  • Systems
  • Kits and Consumables
  • Software and Other Products

  The Middle East molecular diagnostics market in the products segment is expected to be dominated by the kits and consumables segment. This is due to an increasing number of molecular diagnostics kit providers offering kits and services to their end users.

  Segmentation 2: by Testing Location
  • Laboratory Testing
  • Point-of-Care Testing

  The Middle East molecular diagnostics market is dominated by the laboratory testing segment owing to an increasing number of molecular diagnostic laboratories in the Middle East region involved in undertaking various routine testing for different chronic and acute diseases.

  Segmentation 3: by Technology
  • Polymerase Chain Reaction (PCR)
  • Next-Generation Sequencing (NGS)
  • Isothermal Nucleic Acid Amplification Technology (INAAT)
  • Microarray
  • In-Situ Hybridization (ISH)
  • Immunohistochemistry (IHC)
  • Other Technologies

  The polymerase chain reaction segment dominates the Middle East molecular diagnostics market due to the increasing number of PCR testing being carried out in the Middle East laboratories for diagnosis.

  Segmentation 4: by Application
  • Core Molecular Diagnostics
  • Reproductive Genetics
  • Companion Diagnostics
  • Liquid Biopsy
  • Others

  Segmentation 5: by End User
  • Hospitals
  • Diagnostic Centres
  • Outpatient Clinics/General Practitioners
  • Research Laboratories
  • Others

  Segmentation 6: by Country
  o Kingdom of Saudi Arabia (K.S.A.)
  o Israel
  o United Arab Emirates (U.A.E.)
  o Egypt
  o Iran
  o Qatar
  o Other Countries

  K.S.A. generated the highest revenue of $132.5 million in 2020. The Kingdom of Saudi Arabia (K.S.A.) has a huge population base suffering from various diseases and rising healthcare costs in the region. Medical research in the Kingdom of Saudi Arabia (K.S.A.) has gained momentum since 2013 and is heavily being invested in by the local government. The government is extensively supporting research organizations with projects aimed at improving the understanding and treatment of diseases affecting the Saudi population.

  Recent Developments in Middle East Molecular Diagnostics Market

  • In January 2022, Abbott showcased its life-changing diagnostic tools and medical devices product portfolio for point-of-care testing (POCT) that helped COVID-19, diabetes, and cardiovascular disease patients at MEDLAB Middle East.
  • In June 2021, biomeruix launched EPISEQ SARS-COV-2 to identify SARS-CoV-2 variants using samples from COVID-19 positive patients.
  • In 2021, the BD. company declared the approval of the BD Veritor At-Home COVID-19 Test for the detection of SARS-CoV-2 with definitive digital results at home.
  • In 2020, Bio-Rad Laboratories, Inc. partnered with Seegene, Inc., a Middle East leader in multiplex molecular diagnostics, for the commercialization and clinical development of molecular diagnostic products.

  Key Market Players and Competition Synopsis

  The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

  Some of the prominent names established in this market are:

  • Abbott
  • Agilent Technologies, Inc.
  • bioMérieux SA
  • BD
  • Babirus Medical Equipment LLC
  • Bio-Rad Laboratories, Inc.
  • Danaher
  • F. Hoffmann-La Roche Ltd.
  • Guardant Health
  • Illumina, Inc.
  • QIAGEN N.V.
  • Thermo Fisher Scientific Inc.

  Companies that are not a part of the above-mentioned pool have been well represented across different sections of the report (wherever applicable).

  How Can This Report Add Value to an Organization?

  Product/Innovation Strategy: Major manufacturers of the Middle East molecular diagnostic market, along with the service providers, are actively involved in undertaking significant business strategies to translate success in research and development into the commercial clinical setting.

  Growth/Marketing Strategy: Owing to the explosion of massively parallel sequencing and its applications, all areas of medicine have been affected, particularly molecular diagnostics. PCR has gradually evolved from gel analysis to real-time PCR to, more recently, digital PCR. In digital PCR, amplification of individual targets is done in picolitre to nanoliter volumes, and instead of standard curves or internal controls, statistics are employed to calculate target concentrations. Genome-wide studies have gone beyond unknown expeditions, and disease association studies that use the expression, single nucleotide polymorphism, and copy number microarrays have identified useful markers that have been reduced to practical molecular tests. Big data needs have resulted in new bioinformatics tools that continue to evolve rapidly.

  Competitive Strategy: Key players in the Middle East molecular diagnostics market analyzed and profiled in the study have been involved as the Middle East molecular diagnostics-based product manufacturers that provide software and molecular diagnostic services. Moreover, a detailed competitive benchmarking of the players operating in the Middle East molecular diagnostics market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

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  The study primarily evaluates FDA-approved companion diagnostics products that are commercialized in the Middle East region. In addition, the study also includes precision medicine products that have received approvals for commercialization from the European Medicines Agency (EMA); Ministry of Health, Labour and Welfare (MHLW); Pharmaceuticals and Medical Devices Agency (PMDA); and National Medical Products Administration (NMPA, formerly known as China Food and Drug Administration or the CFDA). 

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