Saudi Arabia In-vitro Toxicology Testing Market Size & Outlook
Saudi Arabia in-vitro toxicology testing market, 2018-2030 (US$M)
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Saudi Arabia in-vitro toxicology testing market highlights
- The Saudi Arabia in-vitro toxicology testing market generated a revenue of USD 170.1 million in 2023 and is expected to reach USD 299.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, pharmaceutical industry was the largest revenue generating end user in 2023.
- Diagnostics is the most lucrative end user segment registering the fastest growth during the forecast period.
In-vitro toxicology testing market data book summary
| Market revenue in 2023 | USD 170.1 million |
| Market revenue in 2030 | USD 299.2 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical industry |
| Fastest growing segment | Diagnostics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical Industry, Cosmetics And Household Products, Academic Institutes and Research Laboratories, Diagnostics, Chemicals Industry, Food Industry |
| Key market players worldwide | Charles River Laboratories International Inc, SGS, Merck KGaA, Eurofins Scientific SE, Abbott Laboratories, Labcorp Holdings Inc, Evotec SE, Thermo Fisher Scientific Inc, Quest Diagnostics Inc, Agilent Technologies Inc, Catalent Inc, Danaher Corp, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global in-vitro toxicology testing 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 in-vitro toxicology testing market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 452.0 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 43.27% in 2023. Horizon Databook has segmented the Saudi Arabia in-vitro toxicology testing market based on pharmaceutical industry, cosmetics and household products, academic institutes and research laboratories, diagnostics, chemicals industry, food industry covering the revenue growth of each sub-segment from 2018 to 2030.
The in vitro toxicology testing market in Saudi Arabia is still developing and is expected to grow due to increasing demand for safety assessment of chemicals and drugs. The Saudi Arabian government has been focusing on developing its healthcare infrastructure and promoting clinical research, which is expected to contribute to the growth of the market.
Moreover, the increasing incidence of chronic diseases such as cancer and cardiovascular diseases is expected to drive demand for new drugs and therapies, which in turn is expected to boost the demand for in vitro toxicology testing.
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In-vitro Toxicology Testing Market Scope
In-vitro Toxicology Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
Saudi Arabia In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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