Saudi Arabia Compound Management Market Size & Outlook
Saudi Arabia compound management market, 2018-2030 (US$M)
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Saudi Arabia compound management market highlights
- The Saudi Arabia compound management market generated a revenue of USD 4.4 million in 2022 and is expected to reach USD 15.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 16.7% from 2023 to 2030.
- In terms of segment, product was the largest revenue generating type in 2022.
- Service is the most lucrative type segment registering the fastest growth during the forecast period.
Compound management market data book summary
| Market revenue in 2022 | USD 4.4 million |
| Market revenue in 2030 | USD 15.0 million |
| Growth rate | 16.7% (CAGR from 2022 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Service |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Service |
| Key market players worldwide | Azenta Inc, Tecan Group AG, Hamilton Lane Inc Class A, Evotec SE, LiCONiC, SPT Labtech, BioAscent, Beckman Coulter, Axxam |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global compound management market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa compound management 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 16.2 million by 2030.
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Compound Management Market Scope
Compound Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia compound management 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 compound management market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 61.36% in 2022. Horizon Databook has segmented the Saudi Arabia compound management market based on product, service covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia’s companies that deal in pharmaceuticals as importing distributors & agents of products. The government of Saudi Arabia promotes local production of drugs, especially generics, which are becoming the fastest-growing products in local companies.
For instance, many companies entered into partnerships with regional & global pharma companies through government schemes & initiatives to promote the production of medicines. This rise in local production increased the need for compound management for efficient drug development, further displaying the growth potential for the compound management market in the country.
The regulation in Saudi Arabia is governed by the Saudi Food & Drug Authority (SFDA), the Ministry of Health (MoH), and the Saudi Data and Artificial Intelligence Authority (SDAIA). The main regulation related to compound management is clinical trial administration (CTA).
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Target buyers of Saudi Arabia compound management market databook
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Our clientele includes a mix of compound management 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 compound management market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia compound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia compound management market size, by type, 2018-2030 (US$M)
Saudi Arabia Compound Management Market Outlook Share, 2022 & 2030 (US$M)
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