Kuwait Biochip Market Size & Outlook, 2023-2030
Kuwait biochip market, 2018-2030 (US$M)
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Kuwait biochip market highlights
- The Kuwait biochip market generated a revenue of USD 43.6 million in 2023 and is expected to reach USD 69.6 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, dna chips was the largest revenue generating type in 2023.
- Lab-on-chip is the most lucrative type segment registering the fastest growth during the forecast period.
Biochip market data book summary
| Market revenue in 2023 | USD 43.6 million |
| Market revenue in 2030 | USD 69.6 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Dna chips |
| Fastest growing segment | Lab-on-chip |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tissue Arrays, Cell Arrays, DNA Chips, Lab-on-chip, Protein Chips |
| Key market players worldwide | Agilent Technologies Inc, PerkinElmer, Illumina Inc, Bio-Rad Laboratories Inc, Standard BioTools Inc, GE HealthCare Technologies Inc Common Stock, Thermo Fisher Scientific Inc, Qiagen NV, Randox |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.4% of the global biochip market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia biochip 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 155.6 million by 2030.
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Biochip Market Scope
Biochip Market Companies
| Name | Profile | # Employees | HQ | Website |
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Kuwait biochip 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 biochip market will help companies and investors design strategic landscapes.
Dna chips was the largest segment with a revenue share of 36.47% in 2023. Horizon Databook has segmented the Kuwait biochip market based on tissue arrays, cell arrays, dna chips, lab-on-chip, protein chips covering the revenue growth of each sub-segment from 2018 to 2030.
Kuwait is one of the fastest-growing countries due to its increasing exports and growing economy. With major advancements in its healthcare infrastructure, the country is tackling the growing prevalence of infectious, chronic, and lifestyle-associated diseases. Therefore, the rising prevalence of target diseases in the country is a major factor driving the market.
Furthermore, being a world leader in oil production, the country often faces the challenge of various genetic & rare disorders and the local government is taking enough efforts to tackle the threat of rare diseases by promoting diagnosis rates and facilitating treatment rates. In March 2019, the Center for Arab Genomic Studies participated in the 7th Kuwait international genetic conference.
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Our clientele includes a mix of biochip 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 Kuwait biochip market, including forecasts for subscribers. This country databook contains high-level insights into Kuwait biochip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait biochips market size, by type, 2018-2030 (US$M)
Kuwait Biochip Market Share, 2023 & 2030 (US$M)
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