Saudi Arabia Multi Cancer Early Detection Market Size & Outlook
Saudi Arabia multi cancer early detection market, 2018-2030 (US$M)
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Saudi Arabia multi cancer early detection market highlights
- The Saudi Arabia multi cancer early detection market generated a revenue of USD 7.8 million in 2022 and is expected to reach USD 14.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.7% from 2023 to 2030.
- In terms of segment, gene panel, ldt & others was the largest revenue generating type in 2022.
- Gene Panel, LDT & Others is the most lucrative type segment registering the fastest growth during the forecast period.
Multi cancer early detection market data book summary
| Market revenue in 2022 | USD 7.8 million |
| Market revenue in 2030 | USD 14.1 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Gene panel, ldt & others |
| Fastest growing segment | Gene Panel, LDT & Others |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gene Panel, LDT & Others |
| Key market players worldwide | Illumina Inc, Exact Sciences Corp, Foundation Medicine, Guardant Health Inc, Burning Rock Biotech Ltd ADR, Freenome, AnchorDx, GeneCast, Elypta |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global multi cancer early detection market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia multi cancer early detection 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 5.8 million by 2030.
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Multi Cancer Early Detection Market Scope
Multi Cancer Early Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia multi cancer early detection 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 multi cancer early detection market will help companies and investors design strategic landscapes.
gene panel, ldt & others was the largest segment with a revenue share of 100% in 2022. Horizon Databook has segmented the Saudi Arabia multi cancer early detection market based on gene panel, ldt & others covering the revenue growth of each sub-segment from 2018 to 2030.
Some of the key market participants in the Saudi Arabia MCED market are Imagia Canexia Health, Anwa Medical Company, and Sysmex Corporation. The growth of this market can primarily be attributed to increasing involvement of the government and rising awareness about the benefits of noninvasive diagnostic procedures.
In addition, the rapid advancements in NGS and PCR technologies have improved the accuracy of liquid biopsies over the years. Moreover, local as well as international market players are focusing on expanding their networks in Saudi Arabia, as awareness and adoption of NGS technologies are increasing in the country.
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), are providing a conducive research environment with modern technologies to enhance the NGS platform.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia multi cancer early detection market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia multi cancer early detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia multi cancer early detection market statistics, by type, 2018-2030 (US$M)
Saudi Arabia Multi Cancer Early Detection Market Outlook Share, 2022 & 2030 (USD Million)
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