Saudi Arabia Cell & Gene Therapy Bioanalytical Testing Services Market Size & Outlook
Saudi Arabia cell & gene therapy bioanalytical testing services market, 2018-2030 (US$M)
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Saudi Arabia cell & gene therapy bioanalytical testing services market highlights
- The Saudi Arabia cell & gene therapy bioanalytical testing services market generated a revenue of USD 4.8 million in 2023 and is expected to reach USD 6.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, bioavailability & bioequivalence studies was the largest revenue generating test type in 2023.
- Bioavailability & Bioequivalence Studies is the most lucrative test type segment registering the fastest growth during the forecast period.
Cell & gene therapy bioanalytical testing services market data book summary
| Market revenue in 2023 | USD 4.8 million |
| Market revenue in 2030 | USD 6.2 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Bioavailability & bioequivalence studies |
| Fastest growing segment | Bioavailability & Bioequivalence Studies |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioavailability & Bioequivalence Studies, Pharmacokinetics, Pharmacodynamics, Other test type |
| Key market players worldwide | IQVIA Holdings Inc, Labcorp Holdings Inc, Thermo Fisher Scientific Inc, Pharmaron Beijing Co Ltd Ordinary Shares - Class H, Charles River Laboratories International Inc, Syneos Health, Intertek Group PLC |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global cell & gene therapy bioanalytical testing services 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 cell & gene therapy bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5.6 million by 2030.
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Cell & Gene Therapy Bioanalytical Testing Services Market Scope
Cell & Gene Therapy Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia cell & gene therapy bioanalytical testing services 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 & gene therapy bioanalytical testing services market will help companies and investors design strategic landscapes.
Bioavailability & bioequivalence studies was the largest segment with a revenue share of 35.42% in 2023. Horizon Databook has segmented the Saudi Arabia cell & gene therapy bioanalytical testing services market based on bioavailability & bioequivalence studies, pharmacokinetics, pharmacodynamics, other test type covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, Saudi Arabia accounted for 27.7% of the MEA market. This growth can be attributed to several factors, including an increase in the number of approved gene therapy products & biological therapies and growing public awareness of the advantages of effective biopharmaceutical solutions.
For example, in January 2024, Vertex Pharmaceuticals announced the clearance of CASGEVY (exagamglogene autotemcel [exa-cel]), the first CRISPR/Cas9 gene-edited medicine for treating Sickle Cell Disease (SCD) and transfusion-dependent beta-thalassemia in patients aged 12 and above.
CASGEVY is the first medication assessed under the SFDA's breakthrough medicines program after the company was given approval by the Saudi SFDA. It is a form of genome editing technology called CRISPR/Cas9-based cellbased gene therapy. CRISPR/Cas9 technology is used to modify the genomes of hematopoietic stem cells in patients.
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Target buyers of Saudi Arabia cell & gene therapy bioanalytical testing services market databook
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Our clientele includes a mix of cell & gene therapy bioanalytical testing services 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 cell & gene therapy bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cell & gene therapy bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia cell & gene therapy bioanalytical testing services market size, by test type, 2018-2030 (US$M)
Saudi Arabia Cell & Gene Therapy Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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