Saudi Arabia Covid-19 Diagnostics Market Size & Outlook
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Saudi Arabia covid-19 diagnostics market highlights
- The Saudi Arabia covid-19 diagnostics market generated a revenue of USD 82.4 million in 2023 and is expected to reach USD 18.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of -18.9% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Covid-19 diagnostics market data book summary
| Market revenue in 2023 | USD 82.4 million |
| Market revenue in 2030 | USD 18.9 million |
| Growth rate | -18.9% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2020 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Hologic Inc, Roche, PerkinElmer, Veredus Laboratories, QuidelOrtho Corp, Quest Diagnostics Inc, Luminex, Labcorp Holdings Inc, Abbott Laboratories, 1Drop Diagnostics, ADT Inc, Mylab Discovery Solutions, Neuberg Diagnostics, Aldatu Biosciences, altona Diagnostics GmbH |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.2% of the global covid-19 diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE covid-19 diagnostics 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 8.8 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| altona Diagnostics GmbH | View profile | 101-250 | Hamburg, Hamburg, Germany, Europe | http://altona-diagnostics.com/en/ |
| Aldatu Biosciences | View profile | 11-50 | Watertown, Massachusetts, United States, North America | http://www.aldatubio.com |
| Neuberg Diagnostics | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | http://www.neubergdiagnostics.com/ |
| Mylab Discovery Solutions | View profile | 11-50 | Lonavla, Maharashtra, India, Asia | https://mylabdiscoverysolutions.com/ |
| ADT Inc | View profile | 14300 | 1501 Yamato Road, Boca Raton, FL, United States, 33431 | https://www.adt.com |
| 1Drop Diagnostics | View profile | 11-50 | Neuchâtel, Neuchatel, Switzerland, Europe | http://www.1dropdx.com |
| Luminex | View profile | 501-1000 | Austin, Texas, United States, North America | http://www.luminexcorp.com |
| Veredus Laboratories | View profile | 11-50 | Singapore, Central Region, Singapore, Asia | http://vereduslabs.com/ |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Roche | View profile | 10001+ | Basel, Basel-Stadt, Switzerland, Europe | http://www.roche.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Hologic Inc | View profile | 6990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | http://www.hologic.com |
| QuidelOrtho Corp | View profile | 7100 | 9975 Summers Ridge Road, San Diego, CA, United States, 92121 | https://www.quidelortho.com |
| Quest Diagnostics Inc | View profile | 48000 | 500 Plaza Drive, Secaucus, NJ, United States, 07094 | https://www.questdiagnostics.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Saudi Arabia covid-19 diagnostics 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 diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 67.23% in 2023. Horizon Databook has segmented the Saudi Arabia covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
Saudi Arabia had 7,89,296 active cases, accounting for 9,195 deaths, as of June 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.
Furthermore, in May 2020, The Saudi Health Ministry launched its third phase of expanded COVID-19 testing to evaluate the transmission rate in the country. In this initiative, services such as drive-through centers, availability of testing services at primary health care centers, and online appointments for sample collection, were being offered across the country.
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Target buyers of Saudi Arabia covid-19 diagnostics market databook
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Our clientele includes a mix of covid-19 diagnostics 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 covid-19 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia covid-19 diagnostics market size, by product, 2020-2030 (US$M)
Saudi Arabia COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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