Kuwait Cell Culture Market Size & Outlook, 2023-2030
Kuwait cell culture market, 2018-2030 (US$M)
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Kuwait cell culture market highlights
- The Kuwait cell culture market generated a revenue of USD 46.7 million in 2023 and is expected to reach USD 92.2 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture market data book summary
| Market revenue in 2023 | USD 46.7 million |
| Market revenue in 2030 | USD 92.2 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, Corning Inc, Avantor Inc, BD, Eppendorf, Bio-Techne Corp, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.3% of the global cell culture 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 cell culture 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 242.1 million by 2030.
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Cell Culture Market Scope
Cell Culture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait cell culture 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 cell culture market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 57.17% in 2023. Horizon Databook has segmented the Kuwait cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The growing interest in R&D activities, the aging population, and high per capita income contributed to an increase in the total demand for biopharmaceuticals and biotechnology products in Kuwait. Furthermore, Kuwait's growing population and evolving healthcare needs created a demand for advanced medical technologies, including cell culture techniques.
The country is focused on improving its healthcare infrastructure and services, which contribute to the growth of the cell culture market. In addition, there is a rise in the prevalence of chronic diseases in Kuwait. Cardiovascular diseases, cancer, and autoimmune disorders are becoming common.
Cell culture techniques are crucial in diagnosing, treating, and researching these diseases. As a result, the demand for cell culture products in the country is expected to rise significantly. Key players in the country include Danaher, BD, Merck KGaA, and others.
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Our clientele includes a mix of cell culture 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 Kuwait cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait cell culture market size, by product, 2018-2030 (US$M)
Kuwait Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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