Saudi Arabia Microbiome Sequencing Services Market Size & Outlook
Saudi Arabia microbiome sequencing services market, 2018-2030 (US$M)
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Saudi Arabia microbiome sequencing services market highlights
- The Saudi Arabia microbiome sequencing services market generated a revenue of USD 17.3 million in 2023 and is expected to reach USD 26.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, sequencing by synthesis was the largest revenue generating technology in 2023.
- Sequencing by synthesis is the most lucrative technology segment registering the fastest growth during the forecast period.
Microbiome sequencing services market data book summary
| Market revenue in 2023 | USD 17.3 million |
| Market revenue in 2030 | USD 26.2 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Sequencing by synthesis |
| Fastest growing segment | Sequencing by synthesis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sequencing by synthesis, Sequencing by ligation, Sanger sequencing |
| Key market players worldwide | Microbiome Insights Inc., BaseClear, Clinical Microbiomics, Mérieux NutriSciences Corporation, Mr Dna, Metabiomics, Rancho BioSciences, Second Genome, Zymo Research, uBiome |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.1% of the global microbiome sequencing services 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 microbiome sequencing services 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 19.8 million by 2030.
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Microbiome Sequencing Services Market Scope
Microbiome Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia microbiome sequencing services 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 microbiome sequencing services market will help companies and investors design strategic landscapes.
Sequencing by synthesis was the largest segment with a revenue share of 59.54% in 2023. Horizon Databook has segmented the Saudi Arabia microbiome sequencing services market based on sequencing by synthesis, sequencing by ligation, sanger sequencing covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has a high burden of genetic diseases, primarily due to consanguinity. The number of cancer cases and deaths has also increased in recent years in the country. As per GLOBOCAN data, in 2020, around 27,885 new cases of cancer were diagnosed in Saudi Arabia, and around 13,069 people died due to it.
The growth of Saudi Arabia's microbiome sequencing services market can primarily be attributed to the growing incidence of genetic diseases and various government initiatives to combat them. The Saudi Human Genome Program, which was launched by the government, works to identify the genetic basis of common and severe inherited diseases in the people of the country using state-of-the-art genome sequencing techniques.
In addition, continuous government support to expand the biotechnology and pharmaceutical sector in the country is expected to create a strong demand for sequencing solutions in research applications.
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Target buyers of Saudi Arabia microbiome sequencing services market databook
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Our clientele includes a mix of microbiome sequencing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia microbiome sequencing services market size, by technology, 2018-2030 (US$M)
Saudi Arabia Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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