Saudi Arabia Gene Synthesis Market Size & Outlook
Saudi Arabia gene synthesis market, 2018-2030 (US$M)
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Saudi Arabia gene synthesis market highlights
- The Saudi Arabia gene synthesis market generated a revenue of USD 2.0 million in 2022 and is expected to reach USD 6.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 16.6% from 2023 to 2030.
- In terms of segment, solid-phase synthesis was the largest revenue generating method in 2022.
- PCR-based Enzyme Synthesis is the most lucrative method segment registering the fastest growth during the forecast period.
Gene synthesis market data book summary
| Market revenue in 2022 | USD 2.0 million |
| Market revenue in 2030 | USD 6.9 million |
| Growth rate | 16.6% (CAGR from 2022 to 2030) |
| Largest segment | Solid-phase synthesis |
| Fastest growing segment | PCR-based Enzyme Synthesis |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid-phase Synthesis, Chip-based Synthesis, PCR-based Enzyme Synthesis |
| Key market players worldwide | Genscript Biotech Corp Class H, Brooks Automation, Twist Bioscience Corp, ProteoGenix, Biomatik Corporation, Thermo Fisher Scientific Inc, Integrated DNA Technologies, Origene Technologies |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.1% of the global gene synthesis market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa gene synthesis 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 6.9 million by 2030.
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Gene Synthesis Market Scope
Gene Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia gene synthesis 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 gene synthesis market will help companies and investors design strategic landscapes.
Solid-phase synthesis was the largest segment with a revenue share of 35% in 2022. Horizon Databook has segmented the Saudi Arabia gene synthesis market based on solid-phase synthesis, chip-based synthesis, pcr-based enzyme synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, the Kingdom of Saudi Arabia has been focusing on economic diversification and has been the third-fastest growing economy in the world over the past 5 decades, only behind China and South Korea. With strategic frameworks such as Vision 2030, the kingdom is anticipated to make significant investments in recent and evolving technologies, especially biological technologies.
For instance, in September 2021, the kingdom hosted the Riyadh Global Medical Biotechnology Summit and expressed its intentions to become a regional hub for biotechnology development. Such initiatives are driving penetration of biotechnological applications in the kingdom and are expected to contribute to market growth.
Furthermore, organizations such as SaudiVax are focusing on building a biotechnology ecosystem by providing access to specialized facilities, as well as R&D and educational support in this domain. The organization also partnered with Merck in February 2022 for building a manufacturing facility, which can increase gene therapy access for patients in the region.
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Our clientele includes a mix of gene synthesis market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia gene synthesis market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia gene synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia gene synthesis market report size, by method, 2018-2030 (US$M)
Saudi Arabia Gene Synthesis Market Share, 2022 & 2030 (US$M)
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