Saudi Arabia Lateral Flow Assays Market Size & Outlook
Saudi Arabia lateral flow assays market, 2018-2030 (US$M)
Related Markets
Saudi Arabia lateral flow assays market highlights
- The Saudi Arabia lateral flow assays market generated a revenue of USD 80.2 million in 2023 and is expected to reach USD 116.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Lateral flow assays market data book summary
| Market revenue in 2023 | USD 80.2 million |
| Market revenue in 2030 | USD 116.1 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Kits & Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Lateral Flow Readers |
| Key market players worldwide | Abbott Laboratories, Thermo Fisher Scientific Inc, Roche, Bio-Rad Laboratories Inc, BioMerieux SA, QuidelOrtho Corp, Hologic Inc, PerkinElmer, Merck KGaA, BD, Siemens Healthineers AG ADR, Danaher Corp, Qiagen NV |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.8% of the global lateral flow assays 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 lateral flow assays market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 55.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Lateral Flow Assays Market Scope
Lateral Flow Assays Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia lateral flow assays 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 lateral flow assays market will help companies and investors design strategic landscapes.
Kits & reagents was the largest segment with a revenue share of 68.2% in 2023. Horizon Databook has segmented the Saudi Arabia lateral flow assays market based on kits & reagents, lateral flow readers covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia witnesses a significant cancer incidence rate with around 27,885 new cancer cases and 13,069 cancer-related deaths reported in 2020, as per Globocan 2020. As a result, a variety of cancer screening programs are gaining foothold in the kingdom.
For instance, the Jeddah Cervical Screening Program in Saudi promotes routine screening for cervical cancer with HPV and Pap testing for women aged 30 years and above. Similar awareness and screening programs are anticipated to fuel the use of HPV tests, contributing to market growth during the forecast period.
Furthermore, the Saudi Vision 2030 framework is anticipated to drive digital transformation in the kingdom and lead to increasing adoption of point-of-care diagnostics and testing options. The government is also actively involved in collaborations for enabling increased access to testing.
Reasons to subscribe to Saudi Arabia lateral flow assays market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Saudi Arabia lateral flow assays market databook
-
Our clientele includes a mix of lateral flow assays market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 lateral flow assays market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia lateral flow assays market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia lateral flow assays market size, by product, 2018-2030 (US$M)
Saudi Arabia Lateral Flow Assays Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
