Middle East & Africa Biotechnology Reagents & Kits Market Size & Outlook
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- Biotechnology Reagents & Kits Market Outlook
- Biotechnology
Middle East Africa Biotechnology Reagents Kits Market, 2018-2028 (US$B)
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MEA biotechnology reagents & kits market highlights
- The MEA biotechnology reagents & kits market generated a revenue of USD 3.0 billion in 2020.
- The market is expected to grow at a CAGR of 14.7% from 2021 to 2028.
- In terms of segment, amplification kits was the largest revenue generating kit type in 2020.
- Detection Kits is the most lucrative kit type segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 3.0 billion |
| Market revenue in 2028 | USD 9.1 billion |
| Growth rate | 14.7% (CAGR from 2020 to 2028) |
| Largest segment | Amplification kits |
| Fastest growing segment | Detection Kits |
| Historical data covered | 2018 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Purification Kits, Amplification Kits, Detection Kits, Isolation Kits |
| Key market players worldwide | Thermo Fisher Scientific Inc, Qiagen NV, New England Biolabs, Illumina Inc, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Merck KGaA, Promega, Takara Bio Inc, LGC Group, Toyobo Co Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 0.9% of the global biotechnology reagents & kits market in 2020.
- 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 355.3 billion by 2028.
Mexico offers significant opportunity for growth of industrial biotechnology, as the country has significant biodiversity, experienced workforce, and competitive pricing. Moreover, the country has a free trade agreement with 45 nations due to its location and an accessible legal & regulatory structure.
In Mexico, there are around 180 firms that develop and/or utilize modern biotechnology tools. In which, 31% are in the agricultural sector, 18% healthcare sector, 23% in the environmental applications, 18% in food applications, and 10% in other sectors.
The Mexican government has resulted in certain uncertainty for future approvals of genetically engineered and biotechnology crops in the country. Due to lack of regulatory action by the federal agency in command of biotechnology sanctions, no biotechnology events for food have been certified from 2018.
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Biotechnology Reagents & Kits Market Scope
Biotechnology Reagents Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Merck KGaA | View profile | 62,345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | www.emdgroup.com |
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Illumina Inc | View profile | 9,300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | www.illumina.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Takara Bio Inc | View profile | 1,793 | Nojihigashi 7-4-38 Kusatu, Shiga, Otsu, Japan, 520-0058 | www.takara-bio.co.jp |
| LGC Group | View profile | 1001-5000 | Teddington, Gloucestershire, United Kingdom, Europe | www.lgcgroup.com/ |
| Toyobo Co Ltd | View profile | 12,460 | 2-8, Dojima Hama 2-chome, Kita-ku, Osaka, Japan, 530-8230 | www.toyobo.co.jp |
| New England Biolabs | View profile | 501-1000 | Ipswich, Massachusetts, United States, North America | neb.com |
Middle East & Africa Biotechnology Reagents & Kits 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 Biotechnology Reagents & Kits Market Outlook will help companies and investors design strategic landscapes.
Amplification Kits was the largest segment with a revenue share of 23.33% in 2020.
Horizon Databook has segmented the Middle East & Africa biotechnology reagents & kits market based on purification kits, amplification kits, detection kits, isolation kits covering the revenue growth of each sub-segment from 2018 to 2028.
Mexico offers significant opportunity for growth of industrial biotechnology, as the country has significant biodiversity, experienced workforce, and competitive pricing. Moreover, the country has a free trade agreement with 45 nations due to its location and an accessible legal & regulatory structure.
In Mexico, there are around 180 firms that develop and/or utilize modern biotechnology tools. In which, 31% are in the agricultural sector, 18% healthcare sector, 23% in the environmental applications, 18% in food applications, and 10% in other sectors.
The Mexican government has resulted in certain uncertainty for future approvals of genetically engineered and biotechnology crops in the country. Due to lack of regulatory action by the federal agency in command of biotechnology sanctions, no biotechnology events for food have been certified from 2018.
- Middle East & Africa Biotechnology Reagents & Kits Market Kit Type Outlook (Revenue, USD BIllion , 2018-2028)
- Purification Kits
- Amplification Kits
- Detection Kits
- Isolation Kits
- Others
- Middle East & Africa Biotechnology Reagents & Kits Market Technology Outlook (Revenue, USD BIllion , 2018-2028)
- LAMP technology
- PCR
- Cell Culture
- Sequencing
- Chromatography
- Electrophoresis
- Flow Cytometry
- Other Technologies
- Middle East & Africa Biotechnology Reagents & Kits Market Tested Parameters Outlook (Revenue, USD BIllion , 2018-2028)
- DNA
- RNA
- Enzymes
- Proteins
- Others
- Middle East & Africa Biotechnology Reagents & Kits Market Micro-Organisms Outlook (Revenue, USD BIllion , 2018-2028)
- Bacteria
- Virus
- Fungi
- Parasites
- Middle East & Africa Biotechnology Reagents & Kits Market Purpose Outlook (Revenue, USD BIllion , 2018-2028)
- On-Site
- Laboratory
- Middle East & Africa Biotechnology Reagents & Kits Market End-use Outlook (Revenue, USD BIllion , 2018-2028)
- Healthcare
- Food & Agriculture
- Natural reseources & Environment
- Industrial Processing
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Biotechnology Reagents & Kits Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Biotechnology Reagents & Kits Market Outlook from 2018 to 2028, including revenue numbers, major trends, and company profiles.
Middle East Africa Biotechnology Reagents Kits Market, 2018-2028 (US$B)
MEA biotechnology reagents & kits market statistics, by kit type, 2018-2028 (USD BIllion)
