Kuwait Genomics Market Size & Outlook, 2023-2030
Kuwait genomics market, 2018-2030 (US$M)
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Kuwait genomics market highlights
- The Kuwait genomics market generated a revenue of USD 21.5 million in 2023 and is expected to reach USD 32.7 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, functional genomics was the largest revenue generating application in 2023.
- Pathway Analysis is the most lucrative application segment registering the fastest growth during the forecast period.
Genomics market data book summary
| Market revenue in 2023 | USD 21.5 million |
| Market revenue in 2030 | USD 32.7 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Functional genomics |
| Fastest growing segment | Pathway Analysis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Functional Genomics, Epigenomics, Pathway Analysis, Biomarker Discovery |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Eppendorf, Eurofins Scientific SE, Roche Holding AG ADR, GE Aerospace, Illumina Inc, Myriad Genetics Inc, Oxford Nanopore Technologies PLC, Pacific Biosciences of California Inc, Qiagen NV, Quest Diagnostics Inc, Thermo Fisher Scientific Inc, 23andMe Holding Co Class A |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.1% of the global genomics 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 genomics 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 111.9 million by 2030.
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Genomics Market Scope
Genomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait genomics 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 genomics market will help companies and investors design strategic landscapes.
Functional genomics was the largest segment with a revenue share of 32.09% in 2023. Horizon Databook has segmented the Kuwait genomics market based on functional genomics, epigenomics, pathway analysis, biomarker discovery covering the revenue growth of each sub-segment from 2018 to 2030.
Kuwait is one of the fastest-growing countries due to its increasing exports and growing economy. With major advancements in its healthcare infrastructure, the country is tackling the growing prevalence of infectious, chronic, and lifestyle-associated diseases.
Therefore, the rising prevalence of target diseases in the country is a major factor driving the market. Moreover, in March 2020, Kuwait, a leader in the Middle East and Gulf in sequencing the genome of coronavirus renamed by WHO as SARS CoV-2.
Furthermore, being a world leader in oil production, the country often faces the challenge of various genetic and rare disorders and the local government is taking enough efforts to tackle the threat of rare diseases by promoting diagnosis rate and facilitating treatment rates.
Reasons to subscribe to Kuwait genomics market databook:
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Target buyers of Kuwait genomics market databook
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Our clientele includes a mix of genomics 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 Kuwait genomics market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait genomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait genomics market size, by application, 2018-2030 (US$M)
Kuwait Genomics Market Outlook Share, 2023 & 2030 (US$M)
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