Kuwait Microrna Market Size & Outlook, 2023-2030
Kuwait microrna market, 2018-2030 (US$M)
Related Markets
Kuwait microrna market highlights
- The Kuwait microrna market generated a revenue of USD 2.7 million in 2023 and is expected to reach USD 5.4 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 10.7% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating services scope in 2023.
- Services is the most lucrative services scope segment registering the fastest growth during the forecast period.
Microrna market data book summary
| Market revenue in 2023 | USD 2.7 million |
| Market revenue in 2030 | USD 5.4 million |
| Growth rate | 10.7% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Products Type |
| Key market players worldwide | Thermo Fisher Scientific Inc, Qiagen NV, Horizon Discovery, NanoString Technologies, Merck KGaA, Takara Bio Inc, LGC Group, Biogenex, New England Biolabs, GeneCopoeia |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.2% of the global microrna 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 microrna 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 14.1 million by 2030.
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MicroRNA Market Scope
MicroRNA Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait microrna 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 microrna market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 59.26% in 2023. Horizon Databook has segmented the Kuwait microrna market based on services, products type covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in the number of new cancer cases is driving the growth of microRNA market in Kuwait. According to the Global Cancer Observatory, in 2020, there were 3,842 new cancer cases in Kuwait.
This emphasizes the pressing need for innovative approaches in healthcare, driving the exploration and adoption of miRNA for cancer diagnosis &therapeutics.
Furthermore, the presence of genetics and genomics centers like Kuwait Medical Genetics Center and Kuwait Institute for Scientific Research is anticipated to boost RNA research across the country, which is further expected to boost the demand for miRNA services & products, leading to increased competition.
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Target buyers of Kuwait microrna market databook
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Our clientele includes a mix of microrna 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 Kuwait microrna market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait microrna market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait microrna market size, by services scope, 2018-2030 (US$M)
Kuwait MicroRNA Market Outlook Share, 2023 & 2030 (US$M)
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