Saudi Arabia Clinical Trial Supplies Market Size & Outlook
Saudi Arabia clinical trial supplies market, 2018-2030 (US$M)
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Saudi Arabia clinical trial supplies market highlights
- The Saudi Arabia clinical trial supplies market generated a revenue of USD 7.0 million in 2023 and is expected to reach USD 9.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, phase iii was the largest revenue generating phase in 2023.
- Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
Clinical trial supplies market data book summary
| Market revenue in 2023 | USD 7.0 million |
| Market revenue in 2030 | USD 9.9 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phase I, Phase II, Phase III |
| Key market players worldwide | Almac Group, Catalent Inc, Waldencast PLC Class A, PCI Technology, Sharp Corp, Thermo Fisher Scientific Inc, PAREXEL, Marken, KLIFO, BioCair |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% of the global clinical trial supplies 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 clinical trial supplies market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 9.9 million by 2030.
Phase iii was the largest segment with a revenue share of 54.29% in 2023. Horizon Databook has segmented the Saudi Arabia clinical trial supplies market based on phase i, phase ii, phase iii covering the revenue growth of each sub-segment from 2018 to 2030.
Availability of low-cost clinical resources, presence of qualified investigators, and ease in patient recruitment are some of the major factors boosting the growth of clinical trial supplies market in this country.
Advancements in technology, rise in disease prevalence, and quicker regulatory approval as compared to countries such as China, India, and Brazil are expected to further fuel growth of clinical trial supplies market in the region.
Presence of key players such as PAREXEL International Corporation and increase in the number of clinical trials are among factors further expected to boost competition and expand the market for clinical trial supplies.
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Clinical Trial Supplies Market Scope
Clinical Trial Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia clinical trial supplies market size, by phase, 2018-2030 (US$M)
Saudi Arabia Clinical Trial Supplies Market Outlook Share, 2023 & 2030 (US$M)
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