Saudi Arabia Biobank Market Size & Outlook, 2023-2030
Saudi Arabia biobank market, 2018-2030 (US$M)
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Saudi Arabia biobank market highlights
- The Saudi Arabia biobank market generated a revenue of USD 355.5 million in 2023 and is expected to reach USD 550.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, biobanking equipment was the largest revenue generating product in 2023.
- LIMS is the most lucrative product segment registering the fastest growth during the forecast period.
Biobank market data book summary
| Market revenue in 2023 | USD 355.5 million |
| Market revenue in 2030 | USD 550.0 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Biobanking equipment |
| Fastest growing segment | LIMS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biobanking Equipment, Biobanking Consumables, LIMS |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Qiagen NV, Booz Allen Hamilton Holding Corp Class A, Tecan Group AG, Danaher Corp, Becton Dickinson & Co, Taylor-Wharton, Charles River Laboratories International Inc, Lonza Group Ltd, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global biobank 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 biobank market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 425.2 million by 2030.
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Biobank Market Scope
Biobank Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia biobank 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 biobank market will help companies and investors design strategic landscapes.
Biobanking equipment was the largest segment with a revenue share of 73.87% in 2023. Horizon Databook has segmented the Saudi Arabia biobank market based on biobanking equipment, biobanking consumables, lims covering the revenue growth of each sub-segment from 2018 to 2030.
The biobanks market in Saudi Arabia is expected to be driven by the increasing presence of national biobanks. For instance, in December 2022, the National Biobank was launched to enhance the capabilities of the country’s public health system.
The biobank is aimed to accelerate research activities for the prevention of communicable and noncommunicable diseases to enable early detection & development of medicines and vaccines. In addition.
The Saudi Biobank is another national project undertaken by the King Abdullah International Medical Research Center, which aims at building a biobanking platform for the country. The project includes the enrollment of over 200 thousand individuals through the collection and storage .
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Our clientele includes a mix of biobank market companies, investment firms, advisory firms & academic institutions.
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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 biobank market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia biobank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia biobank market size, by product, 2018-2030 (US$M)
Saudi Arabia Biobank Market Outlook Share, 2023 & 2030 (US$M)
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