Saudi Arabia Microfluidics Market Size & Outlook
Saudi Arabia microfluidics market, 2018-2030 (US$M)
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Saudi Arabia microfluidics market highlights
- The Saudi Arabia microfluidics market generated a revenue of USD 144.5 million in 2023 and is expected to reach USD 319.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, medical was the largest revenue generating technology in 2023.
- Medical is the most lucrative technology segment registering the fastest growth during the forecast period.
Microfluidics market data book summary
| Market revenue in 2023 | USD 144.5 million |
| Market revenue in 2030 | USD 319.4 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Medical |
| Fastest growing segment | Medical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical, Non-Medical |
| Key market players worldwide | Illumina Inc, Roche Holding AG ADR, PerkinElmer, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Abbott Laboratories, Thermo Fisher Scientific Inc, Standard BioTools Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global microfluidics 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 microfluidics 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 507.8 million by 2030.
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Microfluidics Market Scope
Microfluidics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia microfluidics 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 microfluidics market will help companies and investors design strategic landscapes.
Medical was the largest segment with a revenue share of 84.15% in 2023. Horizon Databook has segmented the Saudi Arabia microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
Extensive research studies involving microfluidics technologies can help expand the usage of these advanced techniques in Saudi Arabia, thereby boosting the microfluidics market growth. For instance, in a study published in July 2020, researchers at the Alfaisal University, Riyadh presented a synthesis of the best available organ-on-a-chip technology.
The study also included a discussion on the biological model-device integration. Similarly, in April 2018, scientists at the King Abdullah University of Science and Technology reviewed complementary metal-oxide-semiconductor (CMOS)-based microfluidic devices that can provide reliable, portable, and cost-effective personalized healthcare.
The CMOS-based devices offer energy-efficient and easy-to-use ways with low material consumption and high sensitivity. Such research studies would support the development and usage of advanced microfluidics techniques in the country. Furthermore, in July 2021, a conference was held in Dubai regarding the healthcare industry and its future.
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Our clientele includes a mix of microfluidics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia microfluidics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia microfluidics market size, by technology, 2018-2030 (US$M)
Saudi Arabia Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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