Saudi Arabia Flow Cytometry Market Size & Outlook
Saudi Arabia flow cytometry market, 2018-2030 (US$M)
Related Markets
Saudi Arabia flow cytometry market highlights
- The Saudi Arabia flow cytometry market generated a revenue of USD 27.3 million in 2023 and is expected to reach USD 43.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Flow cytometry market data book summary
| Market revenue in 2023 | USD 27.3 million |
| Market revenue in 2030 | USD 43.7 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Consumables, Software, Accessories, Services |
| Key market players worldwide | Danaher Corp, BD, Sysmex Corp, Agilent Technologies, Apogee Enterprises Inc, Bio-Rad Laboratories Inc Class A, Thermo Fisher Scientific Inc, Wipro Ltd ADR, Diasorin SpA, Miltenyi Biotec, Sony Group Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global flow cytometry 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 flow cytometry 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 43.7 million by 2030.
Instruments was the largest segment with a revenue share of 36.63% in 2023. Horizon Databook has segmented the Saudi Arabia flow cytometry market based on instruments, reagents & consumables, software, accessories, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Saudi Arabia flow cytometry market can primarily be attributed to various initiatives being undertaken by the government to expand the biotechnology sector in the country. Organizations such as the King Abdullah University of Science and Technology (KAUST) facilitate biotechnology R&D activities in Saudi Arabia.
Furthermore, increasing private and public partnerships for expanding biopharmaceutical industry in the country are anticipated to boost the demand for flow cytometry products in Saudi Arabia. For instance, in October 2019, Saudi Arabian Investment Authority (SAGIA) signed an MOU with Korea’s GL Rapha Co. to manufacture biological drugs worth USD 320 million in the country.
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Flow Cytometry Market Scope
Flow Cytometry Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia flow cytometry market size, by product, 2018-2030 (US$M)
Saudi Arabia Flow Cytometry Market Outlook Share, 2023 & 2030 (US$M)
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