Saudi Arabia Metagenomics Market Size & Outlook, 2023-2030
Saudi Arabia metagenomics market, 2018-2030 (US$M)
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Saudi Arabia metagenomics market highlights
- The Saudi Arabia metagenomics market generated a revenue of USD 24.5 million in 2023 and is expected to reach USD 61.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Sequencing & Data Analytics Services is the most lucrative product segment registering the fastest growth during the forecast period.
Metagenomics market data book summary
| Market revenue in 2023 | USD 24.5 million |
| Market revenue in 2030 | USD 61.8 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Sequencing & Data Analytics Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Sequencing & Data Analytics Services, Software |
| Key market players worldwide | Bio-Rad Laboratories Inc, Illumina Inc, PerkinElmer, Thermo Fisher Scientific Inc, Novogene, Promega, Qiagen NV, Takara Bio Inc, Oxford Nanopore Technologies PLC, Roche Holding AG |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.2% of the global metagenomics 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 metagenomics 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 40.7 million by 2030.
Kits & reagents was the largest segment with a revenue share of 61.22% in 2023. Horizon Databook has segmented the Saudi Arabia metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Saudi Arabia metagenomics market can be attributed to the increasing involvement of the government and rising awareness about the benefits of NGS. The government initiated the Saudi Human Genome Program in 2018 to develop the field of diagnostics and prevent genetic diseases.
A research study published in July 2020 represented the draft genome sequence of AY1MRC from the Mycobacterium tuberculosis strain with the help of WGS technology. The implementation of such programs is projected to have a positive impact on the demand for metagenomics tools in the coming years.
For instance, in May 2021, Euformatics signed a strategic distribution partnership with Al Jeel to extend the reach of its NGS software products in the country. In addition, research institutes such as King Abdullah University of Science and Technology (KAIMRC) provide a conducive research environment with modern technologies to enhance the NGS platform. Such factors are anticipated to drive the market.
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Metagenomics Market Scope
Metagenomics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia metagenomics market size, by product, 2018-2030 (US$M)
Saudi Arabia Metagenomics Market Outlook Share, 2023 & 2030 (US$M)
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