Saudi Arabia Microrna Market Size & Outlook, 2023-2030
Saudi Arabia microrna market, 2018-2030 (US$M)
Related Markets
Saudi Arabia microrna market highlights
- The Saudi Arabia microrna market generated a revenue of USD 9.0 million in 2023 and is expected to reach USD 18.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.2% 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 9.0 million |
| Market revenue in 2030 | USD 18.9 million |
| Growth rate | 11.2% (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, Saudi Arabia accounted for 0.6% 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 |
|---|
Saudi Arabia 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 58.89% in 2023. Horizon Databook has segmented the Saudi Arabia microrna market based on services, products type covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia microRNA market is anticipated to grow at a significant pace over the forecast period due to the rising focus on RNAi therapeutics. Companies operating in the region are focusing on RNAi therapeutics and genomics research, and they are undertaking several strategies, such as collaborations & investments, to enhance the field of genetics & genomics.
For instance, in July 2020, Alnylam Pharmaceuticals, Inc., a major provider of RNAi therapeutics, partnered with Taiba Middle East to commercialize RNAi therapeutics across several Middle Eastern countries, including Saudi Arabia.
Such strategies undertaken by key players are anticipated to fuel market competition over the forecast period. Moreover, the presence of research centers like the Center of Excellence in Genomic Medicine Research and King Faisal Hospital and Research Center focusing on genomics & genetic research is anticipated to boost the demand for miRNA products & services across the country.
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Our clientele includes a mix of microrna 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 microrna market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia microrna market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia microrna market size, by services scope, 2018-2030 (US$M)
Saudi Arabia MicroRNA Market Outlook Share, 2023 & 2030 (US$M)
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