Saudi Arabia Multiomics Market Size & Outlook, 2023-2030
Saudi Arabia multiomics market, 2018-2030 (US$M)
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Saudi Arabia multiomics market highlights
- The Saudi Arabia multiomics market generated a revenue of USD 17.2 million in 2023 and is expected to reach USD 33.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & service in 2023.
- Services is the most lucrative product & service segment registering the fastest growth during the forecast period.
Multiomics market data book summary
| Market revenue in 2023 | USD 17.2 million |
| Market revenue in 2030 | USD 33.1 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Product |
| Key market players worldwide | Thermo Fisher Scientific Inc, Illumina Inc, Danaher Corp, Shimadzu Corp, Bruker Corp, Qiagen NV, Agilent Technologies Inc, BD, Revvity Inc, BGI Group |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global multiomics 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 multiomics 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 25.0 million by 2030.
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Multiomics Market Scope
Multiomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia multiomics 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 multiomics market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 56.4% in 2023. Horizon Databook has segmented the Saudi Arabia multiomics market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
The multiomics market in Saudi Arabia is significantly influenced by factors such as increasing prevalence of chronic diseases, the growing demand for personalized medicine, and the rising focus on drug discovery & development.
In addition, there are some initiatives in Saudi Arabia related to biobanking and genomics research that drive market growth. For instance, the National Biobank in Saudi Arabia was inaugurated in 2022 to enhance the public health system and effectively contribute to supporting the research, development, and innovation agenda.
Moreover, collaboration among private players drives multiomics research projects. For instance, in February 2023, Lenovo and Novo Genomics collaborated to accelerate genomics research in Saudi Arabia, while in June 2023, CENTOGENE and Lifera established a strategic partnership through a joint venture in the country, intending to broaden access to cutting-edge data-driven multiomics testing.
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Target buyers of Saudi Arabia multiomics market databook
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Our clientele includes a mix of multiomics 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 multiomics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia multiomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia multiomics market size, by product & service, 2018-2030 (US$M)
Saudi Arabia Multiomics Market Outlook Share, 2023 & 2030 (US$M)
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