ResearchGlobal laboratory market is projected to reach US$ 280 billion by 2030

Global laboratory market is projected to reach US$ 280 billion by 2030

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Dubai, United Arab Emirates- February 2024: Research from Open PR suggests that the global medical laboratory market is projected to experience significant growth, with its value expected to increase from US$ 150 billion in 2023 to US$ 280 billion by 2030, at a CAGR of over 3.7%. The rise in demand for advanced diagnostic tools and laboratory services, coupled with technological advancements and innovations, have been key drivers of the industry’s growth.

The latest laboratory technologies from around the world are being unveiled this week at Medlab Middle East. The annual medical laboratory exhibition unites exhibitors and visitors from more than 180 countries, presenting cutting-edge industry innovations and pioneering medical laboratory products and services.

Among the many game-changing laboratory technologies featured at Medlab Middle East 2024, Abbott, a world leader in point-of-care solutions, is presenting the first rapid handheld objective blood test for concussions. The i-STAT TBI plasma test is designed to help clinicians assess patients with suspected mild traumatic brain injuries, including concussions. The test measures specific proteins present in the blood after a traumatic brain injury, with results available within 15 minutes.

Meanwhile. clinical diagnostics leader Beckman Coulter has launched the DxC 500 AU Chemistry Analyser. An automated clinical chemistry analyser, the new launch is part of a portfolio of solutions developed by the company to address the complete needs of healthcare systems. These products aim to complement central hub laboratories by advancing the technology and capabilities of satellite and independent hospital laboratories.

Elsewhere, Tosoh, a leading innovator in the field of in vitro diagnostic solutions, announced at Medlab Middle East that its latest breakthrough product, the AIA®-CL300, is now available in the region. Referred to as the “small giant,” this compact automated chemiluminescent enzyme immunoassay analyser is designed to meet the diverse needs of clinical laboratories. It seamlessly facilitates routine analysis, emergency use, specific pathologies, and esoteric tests while enhancing assay analytical specifications for laboratories of various sizes.

Also Read: Medlab Middle East Cultivates Talent in Laboratory Industry Through Competitions

“Medlab Middle East brings together laboratory professionals and equipment suppliers from around the world. With 12 dedicated country pavilions, each showcasing the latest innovations from their respective regions, Medlab Middle East gives a truly international representation of laboratory equipment and management solutions”, said Tom Coleman Senior Exhibition Director, Medlab Series, Informa Markets.

He added: “With the presence of some of the most established global names in the sector along with leading innovators, Medlab Middle East is the perfect platform for laboratory industry professionals to stay ahead of the curve with the latest trends and technologies.”

As part of the diverse programme of activations taking place on the opening day of Medlab Middle East yesterday, a series of Product Showcases were held, highlighting innovative products and solutions from brands including Astragene, SomaLogic, Vector Best and Tososh. These sessions presented the latest technological advancements which are helping to transform the industry’s landscape.

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