Saudi Arabia Active Pharmaceutical Ingredients Market Size & Outlook
Saudi Arabia active pharmaceutical ingredients market, 2018-2030 (US$M)
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Saudi Arabia active pharmaceutical ingredients market highlights
- The Saudi Arabia active pharmaceutical ingredients market generated a revenue of USD 273.9 million in 2023 and is expected to reach USD 417.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, synthetic was the largest revenue generating type of synthesis in 2023.
- Synthetic is the most lucrative type of synthesis segment registering the fastest growth during the forecast period.
Active pharmaceutical ingredients market data book summary
| Market revenue in 2023 | USD 273.9 million |
| Market revenue in 2030 | USD 417.9 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Synthetic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic, Biotech |
| Key market players worldwide | Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries, Teva Pharmaceutical Industries Ltd, Cipla Ltd DR, AbbVie Inc, Aurobindo Pharma, Sandoz Group AG Registered Shares, Viatris Inc, Fresenius Kabi |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.1% of the global active pharmaceutical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa active pharmaceutical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 126.0 million by 2030.
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Active Pharmaceutical Ingredients Market Scope
Active Pharmaceutical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia active pharmaceutical ingredients 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 active pharmaceutical ingredients market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 70.46% in 2023. Horizon Databook has segmented the Saudi Arabia active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has the largest pharmaceutical market in the area despite the low local manufacturing rate of branded drugs compared to generic products. It has the largest economy in the Gulf Cooperation Council (GCC), in terms of population as well as Gross Domestic Product (GDP).
The pharmaceutical industry in Saudi Arabia is primarily reliant on medicines imported from the U.S., Europe, China, and India. Only 30% of medications sold in Saudi Arabia are manufactured locally. The government is encouraging investment in pharmaceutical production to manufacture at least 40% of the total drugs in the Saudi market as a result of the low level of pharmaceutical production.
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Target buyers of Saudi Arabia active pharmaceutical ingredients market databook
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Our clientele includes a mix of active pharmaceutical ingredients market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia active pharmaceutical ingredients market size, by type of synthesis, 2018-2030 (US$M)
Saudi Arabia Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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