Saudi Arabia Cell Culture Market Size & Outlook, 2023-2030
Saudi Arabia cell culture market, 2018-2030 (US$M)
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Saudi Arabia cell culture market highlights
- The Saudi Arabia cell culture market generated a revenue of USD 131.1 million in 2023 and is expected to reach USD 267.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 10.7% 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 131.1 million |
| Market revenue in 2030 | USD 267.9 million |
| Growth rate | 10.7% (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, Saudi Arabia accounted for 0.7% 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 |
|---|
Saudi Arabia 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 57.36% in 2023. Horizon Databook has segmented the Saudi Arabia cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Saudi Arabia’s cell culture market can primarily be attributed to the various initiatives being undertaken by the government to expand the biotechnology sector in the country. Organizations like the King Abdullah University of Science and Technology (KAUST) facilitate biotechnology R&D activities in Saudi Arabia. Key players are expanding in the country to capitalize on the increasing demand for cell biology-related products.
For instance, in November 2022, Sysmex opened its subsidiary in Saudi Arabia to cater to customers in the country. Furthermore, increasing private & public partnerships for expanding the biopharmaceutical industry in the country are further anticipated to boost the demand for cell culture products in Saudi Arabia.
For instance, in October 2019, Saudi Arabian Investment Authority (SAGIA) signed an MOU with Korea’s GL Rapha Co. to manufacture biological drugs worth USD 320 million in the country. Key players in the country include Thermo Fisher Scientific, Merck KGaA, Eppendorf, 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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia cell culture market size, by product, 2018-2030 (US$M)
Saudi Arabia Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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