Saudi Arabia Mesenchymal Stem Cells Market Size & Outlook
Saudi Arabia mesenchymal stem cells market, 2018-2030 (US$M)
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Saudi Arabia mesenchymal stem cells market highlights
- The Saudi Arabia mesenchymal stem cells market generated a revenue of USD 10.7 million in 2023 and is expected to reach USD 23.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & services in 2023.
- Services is the most lucrative product & services segment registering the fastest growth during the forecast period.
Mesenchymal stem cells market data book summary
| Market revenue in 2023 | USD 10.7 million |
| Market revenue in 2030 | USD 23.1 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, STEMCELL Technologies, Merck KGaA, Lonza Group Ltd, PromoCell GmbH, Cyagen Biosciences, Stemedica Cell Technologies, Axol Bioscience, Celprogen, Cellcolabs, Visual Photonics Epitaxy |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% of the global mesenchymal stem cells 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 mesenchymal stem cells 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 11.6 million by 2030.
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Mesenchymal Stem Cells Market Scope
Mesenchymal Stem Cells Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia mesenchymal stem cells 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 mesenchymal stem cells market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 80.37% in 2023. Horizon Databook has segmented the Saudi Arabia mesenchymal stem cells market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia was the first Arabian country to have more than 10,000 stem cell donors. This indicates increasing adoption of stem cell therapies in the country, which is expected to drive the market. In addition, major companies, such as Celltex Therapeutics Corporation, are expanding their businesses in Saudi Arabia.
In March 2019, Celltex Therapeutics Corporation, a provider of autologous MSC technology, signed a Memorandum of Understanding with the Research Products Development Company (RPDC), Saudi Arabia, for the commercialization of the company’s stem cell technology.
This partnership was aimed at improving the quality of life through the therapeutic application of adult MSCs and their derivatives. Under this agreement, Celltex announced a plan to open an office in Riyadh.
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Our clientele includes a mix of mesenchymal stem cells market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia mesenchymal stem cells market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia mesenchymal stem cells market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia mesenchymal stem cells market size, by product & services, 2018-2030 (US$M)
Saudi Arabia Mesenchymal Stem Cells Market Outlook Share, 2023 & 2030 (US$M)
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