Saudi Arabia Central Lab Market Size & Outlook, 2023-2030
Saudi Arabia central lab market, 2018-2030 (US$M)
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Saudi Arabia central lab market highlights
- The Saudi Arabia central lab market generated a revenue of USD 26.3 million in 2023 and is expected to reach USD 40.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, biomarker services was the largest revenue generating services in 2023.
- Anatomic Pathology/Histology is the most lucrative services segment registering the fastest growth during the forecast period.
Central lab market data book summary
| Market revenue in 2023 | USD 26.3 million |
| Market revenue in 2030 | USD 40.2 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Biomarker services |
| Fastest growing segment | Anatomic Pathology/Histology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Services, Biomarker Services, Microbiology Services, Anatomic Pathology/Histology, Specimen Management & Storage, Special Chemistry Services |
| Key market players worldwide | LabConnect, Eurofins Scientific SE, A. P. Moller Maersk A/S ADR, ACM Global, Cerba Research, Synevo Central Labs, Versiti, Cenetron, Ampersand Capital Partners, Pacific Biomarkers, Cirion |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.8% of the global central lab 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 central lab 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 23.9 million by 2030.
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Central Lab Market Scope
Central Lab Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia central lab 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 central lab market will help companies and investors design strategic landscapes.
Biomarker services was the largest segment with a revenue share of 38.4% in 2023. Horizon Databook has segmented the Saudi Arabia central lab market based on genetic services, biomarker services, microbiology services, anatomic pathology/histology, specimen management & storage, special chemistry services covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is estimated to grow at a significant growth rate over the forecast period owing to strong government support and advancements in laboratory technology.
The country is attempting to transition from an oil-dependent economy to a knowledge-based economy and is attracting the attention of several international pharmaceutical companies to accelerate R&D activities.
Thus, the government is involved in expanding the healthcare sector of the country. For instance, according to the Gulf Cooperation Council, Saudi Arabia spends a significant portion, about 16%, of its annual budget on healthcare and made large investments in healthcare infrastructure globally from 2010 to 2020.
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Our clientele includes a mix of central lab 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 Saudi Arabia central lab market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia central lab market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia central lab market size, by services, 2018-2030 (US$M)
Saudi Arabia Central Lab Market Outlook Share, 2023 & 2030 (US$M)
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