Saudi Arabia Biotechnology Reagents & Kits Market Size & Outlook
Saudi Arabia biotechnology reagents & kits market, 2018-2028 (US$B)
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Saudi Arabia biotechnology reagents & kits market highlights
- The Saudi Arabia biotechnology reagents & kits market generated a revenue of USD 0.3 billion in 2020 and is expected to reach USD 1.0 billion by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 15.8% from 2021 to 2028.
- In terms of segment, amplification kits was the largest revenue generating kit type in 2020.
- Detection Kits is the most lucrative kit type segment registering the fastest growth during the forecast period.
Biotechnology reagents & kits market data book summary
| Market revenue in 2020 | USD 0.3 billion |
| Market revenue in 2028 | USD 1.0 billion |
| Growth rate | 15.8% (CAGR from 2020 to 2028) |
| Largest segment | Amplification kits |
| Fastest growing segment | Detection Kits |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Purification Kits, Amplification Kits, Detection Kits, Isolation Kits |
| Key market players worldwide | Thermo Fisher Scientific Inc, Qiagen NV, New England Biolabs, Illumina Inc, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Merck KGaA, Promega, Takara Bio Inc, LGC Group, Toyobo Co Ltd |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.1% of the global biotechnology reagents & kits market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, Saudi Arabia biotechnology reagents & kits market is projected to lead the regional market in terms of revenue in 2028.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1.0 billion by 2028.
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Biotechnology Reagents & Kits Market Scope
Biotechnology Reagents & Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia biotechnology reagents & kits 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 biotechnology reagents & kits market will help companies and investors design strategic landscapes.
Amplification kits was the largest segment with a revenue share of 33.33% in 2020. Horizon Databook has segmented the Saudi Arabia biotechnology reagents & kits market based on purification kits, amplification kits, detection kits, isolation kits covering the revenue growth of each sub-segment from 2018 to 2028.
In Saudi Arabia, the BADIR Biotechnology incubator has been designed to support & encourage business and development of biotechnology sector, by supporting commercialization of research projects as well as private sector biotechnology new products & services.
The aim of this incubator is to build advanced medical services, aid commercialization & localization of biotechnology, and create advanced technologies in the health sector. For instance, the BADIR Biotechnology incubator raised funds up to USD 10.13 million in 2018 for biotech startups.
For instance, in February 2019, Celltex Therapeutics Corp., a Houston biotech company that uses stem cell technology to treat patients suffering from degenerative disorders, entered a Memorandum of Understanding (MOU) with Saudi’s Research Products Development Company.
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Target buyers of Saudi Arabia biotechnology reagents & kits market databook
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Our clientele includes a mix of biotechnology reagents & kits 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia biotechnology reagents & kits market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia biotechnology reagents & kits market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Saudi Arabia biotechnology reagents & kits market size, by kit type, 2018-2028 (US$B)
Saudi Arabia Biotechnology Reagents & Kits Market Outlook Share, 2020 & 2028 (US$B)
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