Saudi Arabia Analytical Instrumentation Market Size & Outlook
Saudi Arabia analytical instrumentation market, 2018-2030 (US$M)
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Saudi Arabia analytical instrumentation market highlights
- The Saudi Arabia analytical instrumentation market generated a revenue of USD 295.9 million in 2023 and is expected to reach USD 371.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Analytical instrumentation market data book summary
| Market revenue in 2023 | USD 295.9 million |
| Market revenue in 2030 | USD 371.2 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Services, Software |
| Key market players worldwide | Thermo Fisher Scientific Inc, Waters Corp, Shimadzu Corp, Danaher Corp, Agilent Technologies Inc, Bruker Corp, PerkinElmer, Mettler-Toledo International Inc, ZEISS Group, Bio-Rad Laboratories Inc, Illumina Inc, Eppendorf, Roche Holding AG, Sartorius AG, Avantor Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global analytical instrumentation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE analytical instrumentation market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 371.2 million by 2030.
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Analytical Instrumentation Market Scope
Analytical Instrumentation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia analytical instrumentation 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 analytical instrumentation market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 54.41% in 2023. Horizon Databook has segmented the Saudi Arabia analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
Various global and regional players are active in the Saudi Arabia market. Key players include Agilent Technologies, Thermo Fisher Scientific, Shimadzu Corporation, Bruker Corporation, Waters Corporation, PerkinElmer, and Bio-Rad Laboratories. Manufacturers cater to a large variety of industries including oil and gas, pharmaceuticals, and F&B with various analytical techniques (chromatography, spectroscopy, mass spectrometry, etc.).
With the capacity expansion of numerous pharmaceutical companies in the country, the demand for analytical instruments is expected to increase in the coming years. For instance, in June 2023, Public Investment Fund started a contract development and manufacturing organization facility called Lifera to strengthen the local pharma and biopharmaceutical industry.
Furthermore, in November 2022, AstraZeneca in a joint venture with Saudi Pharmaceutical Industries & Medical Appliances Corporation started a new manufacturing facility in the country. To add one more, Saudi Pharmaceutical Industries & Medical Appliances Corporation announced the opening of a new production facility in the Qassim region. Such developments are expected to boost the demand for analytical instruments.
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Target buyers of Saudi Arabia analytical instrumentation market databook
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Our clientele includes a mix of analytical instrumentation 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 analytical instrumentation market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia analytical instrumentation market outlook size, by product, 2018-2030 (US$M)
Saudi Arabia Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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