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UAE Clinical Laboratory Services Market Research Report | By TMR

UAE Clinical Laboratory Services Market: Snapshot Clinical laboratory testing and services have gained increasing importance in recent years. Factors such as the increasing incidence of infectiou...

UAE Clinical Laboratory Services Market: Snapshot

Clinical laboratory testing and services have gained increasing importance in recent years. Factors such as the increasing incidence of infectious diseases, rising prevalence of chronic diseases, rising geriatric population, and the increasing awareness of early detection and prevention have enabled the clinical laboratory testing and services market gain pace especially in the Middle East countries, including Saudi Arabia, UAE, and Qatar, among others.

Considering the increasing incidence of chronic ailments such as Hepatitis C, HIV, and other in the UAE, the demand for effective clinical laboratory services is expected to surge in the coming years. The government authorities in UAE, such as the Dubai Health Authority (DHA), Health Authority of Abu Dhabi (HAAD), and the Ministry of Health (MoH) are also actively participating in the development of healthcare infrastructure in the country. The vigilant steps taken by the government authorities are aimed at attracting domestic and foreign players to foray in the UAE clinical laboratory services market, and provide best quality tests and services, to the ever increasing patient population.

Spurred by the aforementioned factors, the UAE clinical laboratory services market will exhibit a CAGR 5.4% between 2017 and 2025. At this pace, the market’s valuation will reach US$2.6 bn by the end of 2025, from US$1.6 bn in 2016.

Clinical Chemistry Emerges as Leading Segment Based on Test Type

The UAE clinical laboratory services is broadly classified in terms of test type and service provider. Based on test type, clinical chemistry, medical microbiology & cytology, human genetics, and tumor genetics constitute the key market segments. Of these, clinical chemistry held the leading share of 37.9% in the UAE clinical laboratory services market in 2016. The rising demand for clinical and anatomical pathology tests, coupled with the proliferation of clinical laboratories across UAE and increase in their offering will aid in the segment’s expansion through the forecast period.

However, in the next couple of years, the demand for medical microbiology and hematology is expected to rise at a higher pace. Growth witnessed in the segment will be enabled by factors such as the rising demand for hematology and andrology. Besides this, the increasing incidence of chronic ailments will fuel the demand or toxicology tests in the UAE. In addition, the human genetics segment is forecast to exhibit strong growth in the coming years owing to the rising genetic disorders witnessed over the past few years in the UAE.

This exhaustive report includes 04 data tables and 14 figures to give readers a 360 view of the Clinical Laboratory Services Market. Browse through this 88-page report to know what factors will shape the market during the period 2017-2025

http://www.transparencymarketresearch.com/uae-clinical-laboratory-services-market.html

Clinic-based Laboratories to Remain Leading Service Provider through Forecast Period

In terms of service provider, the UAE clinical laboratory services market can be segmented into hospital based laboratories, clinic based laboratories, stand-alone laboratories, and clinical research organizations. Of these, clinic based laboratories held the dominant share of 38% in the UAE clinical laboratory services market in 2016. The proliferation of small clinics and pathology laboratories, coupled with their increasing offering has enabled growth in the clinic based laboratories segment.

Also the increasing investment to make the healthcare infrastructure more sophisticated in the UAE, besides the increasing investment in the healthcare sector by the Ministry of Health (MoH), and numerous new projects undertaken to fill the ever increasing supply demand gap of hospital beds in the country is enabling the segment register strong growth in the clinical laboratory services market. Additionally, the rising number of hospital inpatients is boosting the hospital based laboratories segment in the UAE clinical laboratory services market in 2016. However the stand-alone laboratories segment is expected to register the highest CAGR during 2017-2025 among the service providers in the UAE clinical laboratory services market.

Major players operating in the UAE clinical laboratory services market are Abbott, MIRACA HOLDINGS, Inc., Scientific Clinical Laboratories, Freiburg Medical Laboratories Middle East, National Reference Laboratories, Anglo Arabian Healthcare, Bio-reference Laboratories, Charles River Laboratories, and Genoptix Medical LaboratoryComputer Technology Articles, and others.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Clinical Laboratory Services Market during 2017- 2025

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23354

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