Article -> Article Details
| Title | Middle East Molecular Diagnostics Market Dynamic Analysis , Development and Forecast to 2031 |
|---|---|
| Category | Business --> Business Services |
| Meta Keywords | Middle East Molecular Diagnostics Market, Middle East Molecular Diagnostics Market report, Middle East Molecular Diagnostics industry, Molecular Diagnostics Market, Molecular Diagnostics Market size, Middle East Molecular Diagnostics Market value , Middle East Molecular Diagnostics Market growth, \ |
| Owner | bis swati |
| Description | |
| Increasing investments in the R&D for molecular diagnostics is one of the major opportunities in the Middle East molecular diagnostics market. Several diagnostics and pharmaceutical companies are working collaboratively to develop next-generation sequencing (NGS), polymerase chain reaction (PCR), immunohistochemistry (IHC), in-situ hybridization (ISH), microarray, nucleic acid amplification-, or mass spectrometry-based molecular diagnostics for the applications in several disease indications in order to enable efficient diagnosis, treatment selection, dosage selection, and treatment monitoring.
The current Middle East molecular diagnostics market comprises software, instruments, and consumables. It has been noticed that there has been a reduction in the capacity or shutdowns of laboratories and other research institutions, that have led to reduced usage of instruments, consumables, and software related to research. Overall, the impact of COVID-19 on the Middle East molecular diagnostics market size has been low-moderate. Some of the market players have reported a slight decline in sales. However, financials are already on their way to recovery. The decline in revenues was mostly a result of the initial phases of the COVID-19 pandemic, which comprised complete lockdowns across countries and major cities, thus interrupting the supply chain. The timeline of impact spanned the end of the first quarter and the second quarter of 2020 for most of the key markets across the Middle East. However, the pandemic has played a key role in enhancing the growth prospects of molecular diagnostics and is expected to indirectly aid in improving the market growth outlook.
Market Segmentation  Segmentation 1: by Product 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 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 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 Segmentation 5: by End User Segmentation 6: by Country 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. Demand – Drivers and Limitations Following are the demand drivers for the Middle East Molecular Diagnostics Market: • Increasing Prevalence of Infectious Diseases and Various Types of Cancer in the Middle East The market is expected to face some limitations too due to the following challenges: • Uncertain Reimbursement Scenario 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. 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 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. Get Free Sample Report- https://bisresearch.com/requestsample?id=1304type=downloadThe 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). BIS Related Studies Molecular Diagnostics Market - A Global and Regional Analysis | |