Saudi Arabia Genotyping Market Size & Outlook, 2023-2030
Saudi Arabia genotyping market, 2018-2030 (US$M)
Related Markets
Saudi Arabia genotyping market highlights
- The Saudi Arabia genotyping market generated a revenue of USD 79.6 million in 2023 and is expected to reach USD 180.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & kits is the most lucrative product segment registering the fastest growth during the forecast period.
Genotyping market data book summary
| Market revenue in 2023 | USD 79.6 million |
| Market revenue in 2030 | USD 180.2 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & kits, Services |
| Key market players worldwide | Illumina Inc, Thermo Fisher Scientific Inc, Qiagen NV, Roche, Fluidigm Corporation, Danaher Corp, Agilent Technologies, Eurofins Scientific SE, GE HealthCare Technologies Inc Common Stock, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global genotyping 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 genotyping 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 180.2 million by 2030.
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Genotyping Market Scope
Genotyping Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia genotyping 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 genotyping market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 61.31% in 2023. Horizon Databook has segmented the Saudi Arabia genotyping market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has high disposable income and substantially high healthcare spending. In 2018, Saudi Arabia’s per capita healthcare spending was around USD 1,485. Thus, target population in Saudi Arabia can afford high-cost diagnostic assays.
The Saudi Arabian government has some favourable laws, which drive market growth. For instance, premarital screening program, which includes genetic testing, initiated by the government is mandatory for some chronic diseases. Such laws are expected to propel market growth.
Thus, local players are undertaking strategic initiatives such as collaborations and partnerships to meet the demand. For instance, AI Borg Laboratories collaborated with Centogene AG to provide genetic testing in Saudi Arabia. These factors are expected to boost market growth.
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Target buyers of Saudi Arabia genotyping market databook
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Our clientele includes a mix of genotyping 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 genotyping market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia genotyping market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia genotyping market size, by product, 2018-2030 (US$M)
Saudi Arabia Genotyping Market Outlook Share, 2023 & 2030 (US$M)
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