UAE, Marc 21, 2016 : Thumbay Labs, the leading networkof privatediagnostic labs in the region, owned and operated by Thumbay Group - UAE has launched a wide portfolio of advanced tests, making it one of the most trusted names in diagnostic testing. It is today the largest chain of diagnostic labs in the private sector in UAE as well as the fifth largest standalone lab in the country. Considering the region as a whole, Thumbay Labs are among the largest service providers in terms of the range of tests available, the number of diagnostic tests done and revenue.
The UAE has a vibrant laboratory sector, with approximately 1500 medical centers, 41 standalone laboratory and 95 laboratories attached to hospitals out of which 33 are in the government sector. These laboratories test approximately 20,000 samples a day, indicating a yearly market of 470-550 million AED. Thumbay Labs, from its facilities in hospitals, clinics and standalone units, registers an income approximately one-fifth the yearly market of the country.
The current year will see several aggressive initiatives from Thumbay Labs, in the quest for further widening its tests portfolio, as well as to increase market share. Thumbay Labs is eyeing major hospitals, both in the private and government sectors, to expand its clientele. It has plans to further expand to new locations in the UAE as well as abroad. A key strategy is to focus on “specialized segments” targeting key specialties like diabetotology, genetics & women and child health. An example is “NeoScreen® which is a 57 parameter assay for new born screening priced aggressively at 320 AED lowest in the country. It uses multiple technologies like LCMS, HPLC, and Time Resolved Flourimetry.
Dr. P. K. Menon, Director of Thumbay Labs said thatthe brand was poised to be an important player in the diagnostics industry of UAE and the MENA region.“We are undertaking our next phase of expansion by introducing new technologies like MALDI-TOF,ICPMS,FTIR which will position us as the best-equipped lab in the MENA region. We are looking for collaboration so as to enhance lab quality and productivity of client laboratories. We also are key to enhance innovation in medical research,” he added.
Thumbay Labs is the only College of American Pathologists (CAP) accredited lab in the Northern Emirates of the UAE. It operates under the Center for Advanced Biomedical Research and Innovation (CABRI), a state-of-the-art facility established at the Gulf Medi¬cal University, Ajman for research and diagnostics. Mr. ThumbayMoideen, Founder President of Thumbay Group said, “CABRI plays an important role in enhancing the quality of training for students undergoing Master’s degree at Gulf Medical University. It also plays important part in enhancing student/faculty research and coordinates contracted research through Thumbay Group’s hospitals.”
Thumbay Labs operating in UAE and Hyderabad,INDIA, will soon have more outlets with comprehensive clinical testing facilities like Imaging, Cardio/Neuro tests, Occupational health related tests, Allergy and intolerance testingand a wide array of preventive health panels. It also plans to add many more advance diagnostics tests to its impressive list.
Thumbay Labs is showcasing its latest offerings at the ARABLAB 2016 exhibition being held at Dubai International Convention and Exhibition Centre, from 20-23 March, 2016. Visitors can learn more about its most comprehensive modern facilities offering unique advantages such as complete end-to-end automation, online report availability, automated email report dispatch, research and referral facilities, QMS expertise, etc.Thumbay Labs also undertakes hospital lab management and has entered into acquisitions/mergers in a big way, with plans to further expand its presence in these areas.