Saudi Arabia Healthcare Contract Research Organization Market Size & Outlook
Saudi Arabia healthcare contract research organization market, 2018-2030 (US$M)
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Saudi Arabia healthcare contract research organization market highlights
- The Saudi Arabia healthcare contract research organization market generated a revenue of USD 489.1 million in 2023 and is expected to reach USD 791.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, clinical was the largest revenue generating type in 2023.
- Pre-Clinical is the most lucrative type segment registering the fastest growth during the forecast period.
Healthcare contract research organization market data book summary
| Market revenue in 2023 | USD 489.1 million |
| Market revenue in 2030 | USD 791.2 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Pre-Clinical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drug Discovery, Pre-Clinical, Clinical |
| Key market players worldwide | Icon PLC, Charles River Laboratories International Inc, IQVIA Holdings Inc, GVK Biosciences, Labcorp Holdings Inc, Thermo Fisher Scientific Inc, PAREXEL, Dassault Systemes SE, Pharmaron Beijing Co Ltd Ordinary Shares - Class H, SGS AG, Worldwide Clinical Trials, Wuxi AppTec Co Ltd, Caidya |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.0% of the global healthcare contract research organization market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia healthcare contract research organization market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 542.2 million by 2030.
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Healthcare Contract Research Organization Market Scope
Healthcare Contract Research Organization Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia healthcare contract research organization 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 healthcare contract research organization market will help companies and investors design strategic landscapes.
Clinical was the largest segment with a revenue share of 76.88% in 2023. Horizon Databook has segmented the Saudi Arabia healthcare contract research organization market based on drug discovery, pre-clinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Growth can be attributed to the increasing number of biosimilar & biological therapies, rising investments in R&D, and advancements in technology, such as AI & big data.
Saudi Arabia is projected to experience significant benefits from the implementation of AI technology, while the UAE is at the forefront of AI adoption in the MEA, with the highest investments and projects per capita.
These countries are actively working on AI-based measures to improve their technological capabilities. For instance, in May 2021, IQVIA, a prominent U.S.-based health information technology and clinical research company, collaborated with the Saudi Data & Artificial Intelligence Authority (SDAIA).
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Our clientele includes a mix of healthcare contract research organization market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia healthcare contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia healthcare contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia healthcare contract research organization market size, by type, 2018-2030 (US$M)
Saudi Arabia Healthcare Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)
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