Saudi Arabia Cell Culture Media Market Size & Outlook
Saudi Arabia cell culture media market, 2018-2030 (US$M)
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Saudi Arabia cell culture media market highlights
- The Saudi Arabia cell culture media market generated a revenue of USD 18.6 million in 2023 and is expected to reach USD 40.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.9% from 2024 to 2030.
- In terms of segment, serum-free media was the largest revenue generating product in 2023.
- Serum-free Media is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture media market data book summary
| Market revenue in 2023 | USD 18.6 million |
| Market revenue in 2030 | USD 40.9 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Serum-free media |
| Fastest growing segment | Serum-free Media |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serum-free Media, Classical Media, Stem Cell Culture Media, Chemically Defined Media, Specialty Media, Other Cell Culture Media |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, FUJIFILM Holdings Corp, Lonza Group Ltd, BD, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global cell culture media 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 media 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 36.9 million by 2030.
Serum-free media was the largest segment with a revenue share of 36.56% in 2023. Horizon Databook has segmented the Saudi Arabia cell culture media market based on serum-free media, classical media, stem cell culture media, chemically defined media, specialty media, other cell culture media covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Saudi Arabia cell culture media market can primarily be attributed to various initiatives being undertaken by the government to expand the biotechnology sector in the country. Organizations such as the King Abdullah University of Science and Technology (KAUST) facilitate biotechnology R&D activities in Saudi Arabia.
Furthermore, increasing private and public partnerships for expanding the biopharmaceutical industry in the country are anticipated to boost the demand for cell culture media products in Saudi Arabia. For instance, in October 2019, Saudi Arabian Investment Authority (SAGIA) signed an MOU with Korea’s GL Rapha Co. for manufacturing biological drugs worth USD 320 million in the country. Such initiatives are expected to expand market growth prospects in the near future.
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Cell Culture Media Market Scope
Cell Culture Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia cell culture media market size, by product, 2018-2030 (US$M)
Saudi Arabia Cell Culture Media Market Outlook Share, 2023 & 2030 (US$M)
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