Saudi Arabia Covid-19 Detection Poc Kits Market Size & Outlook
Saudi Arabia covid-19 detection poc kits market, 2020-2030 (US$M)
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Saudi Arabia covid-19 detection poc kits market highlights
- The Saudi Arabia covid-19 detection poc kits market generated a revenue of USD 40.8 million in 2022 and is expected to reach USD 26.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of -5.4% from 2023 to 2030.
- In terms of segment, nasopharyngeal (np) swab was the largest revenue generating type in 2022.
- Oropharyngeal (OP) swab is the most lucrative type segment registering the fastest growth during the forecast period.
Covid-19 detection poc kits market data book summary
| Market revenue in 2022 | USD 40.8 million |
| Market revenue in 2030 | USD 26.2 million |
| Growth rate | -5.4% (CAGR from 2022 to 2030) |
| Largest segment | Nasopharyngeal (np) swab |
| Fastest growing segment | Oropharyngeal (OP) swab |
| Historical data | 2020 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nasopharyngeal (NP) swab, Oropharyngeal (OP) swab, Nasal Swabs, Saliva |
| Key market players worldwide | Abbott Laboratories, Mylab Discovery Solutions, Converge Technology Solutions Corp, Thermo Fisher Scientific Inc, Roche, Danaher Corp, Birks Group Inc Class A, Cue Health Inc, Quest Diagnostics Inc, SD Biosensor |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.2% of the global covid-19 detection poc kits market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia covid-19 detection poc kits market is projected to lead the regional market in terms of revenue in 2030.
- Nigeria is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2.6 million by 2030.
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COVID-19 Detection PoC Kits Market Scope
COVID-19 Detection PoC Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia covid-19 detection poc kits 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 covid-19 detection poc kits market will help companies and investors design strategic landscapes.
Nasopharyngeal (np) swab was the largest segment with a revenue share of 59.56% in 2022. Horizon Databook has segmented the Saudi Arabia covid-19 detection poc kits market based on nasopharyngeal (np) swab, oropharyngeal (op) swab, nasal swabs, saliva covering the revenue growth of each sub-segment from 2020 to 2030.
Saudi Arabia had 816,498 active cases, accounting for 9,352 deaths, as of September 2022. The government planned to scale up daily COVID-19 testing capacity to 36,000 tests from 15,000 to 18,000 as of mid-May 2020.
To scale up COVID-19 testing in the country, the National Unified Procurement Company entered into an agreement with China's BGI Genomics, in April 2020, for the establishment of COVID-19 testing laboratories. Under this agreement, the latter provided RT-PCR diagnostic kits for COVID-19, along with setting up Huo Yan Fire Eye laboratories.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia covid-19 detection poc kits market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia covid-19 detection poc kits market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia covid-19 detection poc kits market size, by type, 2020-2030 (US$M)
Saudi Arabia COVID-19 Detection PoC Kits Market Outlook Share, 2022 & 2030 (US$M)
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