Saudi Arabia Drug Testing Market Size & Outlook, 2023-2030
Saudi Arabia drug testing market, 2018-2030 (US$M)
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Saudi Arabia drug testing market highlights
- The Saudi Arabia drug testing market generated a revenue of USD 18.5 million in 2023 and is expected to reach USD 22.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 2.6% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Rapid Testing Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Drug testing market data book summary
| Market revenue in 2023 | USD 18.5 million |
| Market revenue in 2030 | USD 22.2 million |
| Growth rate | 2.6% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Rapid Testing Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Rapid Testing Devices, Services |
| Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, QuidelOrtho Corp, Roche Holding AG ADR, Thermo Fisher Scientific Inc, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Labcorp Holdings Inc, Clinical Reference Laboratory, Cordant Health Solutions, Legacy Medical, Draegerwerk AG & Co KGaA, Omega Laboratories |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% of the global drug testing 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 drug testing 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 52.9 million by 2030.
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Drug Testing Market Scope
Drug Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia drug testing 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 drug testing market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 36.22% in 2023. Horizon Databook has segmented the Saudi Arabia drug testing market based on consumables, instruments, rapid testing devices, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Saudi Arabia drug testing market can be attributed to increase in the incidence of substance abuse and growth in the trend of workplace drug testing in the country. In the past few decades, preemployment drug testing has become a common mandatory practice in the workplace.
Pre-employment drug testing laboratories accredited by the Saudi Arabian government generally test around 46,000 samples per year. However, low funding for specialized health programs, such as drug addiction treatment, is expected to hamper the market growth.
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Target buyers of Saudi Arabia drug testing market databook
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Our clientele includes a mix of drug testing 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 drug testing market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia drug testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia drug testing market size, by product, 2018-2030 (US$M)
Saudi Arabia Drug Testing Market Outlook Share, 2023 & 2030 (US$M)
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