Saudi Arabia Dna Sequencing Market Size & Outlook
Saudi Arabia dna sequencing market, 2018-2030 (US$M)
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Saudi Arabia dna sequencing market highlights
- The Saudi Arabia dna sequencing market generated a revenue of USD 68.2 million in 2023 and is expected to reach USD 202.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 16.8% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product & service in 2023.
- Services is the most lucrative product & service segment registering the fastest growth during the forecast period.
Dna sequencing market data book summary
| Market revenue in 2023 | USD 68.2 million |
| Market revenue in 2030 | USD 202.3 million |
| Growth rate | 16.8% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Agilent Technologies Inc, Illumina Inc, Qiagen NV, Roche Holding AG, Macrogenics Inc, PerkinElmer, Pacific Biosciences of California Inc, BGI Group, BGC Group Inc Ordinary Shares Class A, Bio-Rad Laboratories Inc, Myriad Genetics Inc, PierianDx, Eurofins Scientific SE |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global dna sequencing 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 dna sequencing 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 202.3 million by 2030.
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DNA Sequencing Market Scope
DNA Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia dna sequencing 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 dna sequencing market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 49.41% in 2023. Horizon Databook has segmented the Saudi Arabia dna sequencing market based on consumables, instruments, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Saudi Arabia DNA sequencing market can majorly be attributed to the increasing involvement of the government and rising awareness about the benefits of NGS. The government initiated Saudi Human Genome Program in 2018 to develop the field of diagnostics and prevent genetic diseases.
Extensive research studies involving sequencing can help expand the usage rate of advanced DNA sequencing techniques in this country. A research study published in July 2020 represented the draft genome sequence of AY1MRC from the Mycobacterium tuberculosis strain with the help of whole genome sequencing technology.
The implementation of such programs is projected to have a positive impact on the demand for DNA sequencing tools in the coming years. Moreover, local as well as international market players are focusing on expanding their networks in Saudi Arabia, as awareness and adoption of NGS technologies are increasing in the country.
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Our clientele includes a mix of dna sequencing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia dna sequencing market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia dna sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia dna sequencing market size, by product & service, 2018-2030 (US$M)
Saudi Arabia DNA Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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