Saudi Arabia Next-generation Sequencing Data Analysis Market Size & Outlook
Saudi Arabia next-generation sequencing data analysis market, 2018-2030 (US$M)
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Saudi Arabia next-generation sequencing data analysis market highlights
- The Saudi Arabia next-generation sequencing data analysis market generated a revenue of USD 2.7 million in 2023 and is expected to reach USD 8.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 17.2% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
Next-generation sequencing data analysis market data book summary
| Market revenue in 2023 | USD 2.7 million |
| Market revenue in 2030 | USD 8.1 million |
| Growth rate | 17.2% (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, NGS Commercial Software |
| Key market players worldwide | Bio-Rad Laboratories Inc, DNAnexus, Qiagen NV, DNAstar, Pacific Biosciences of California Inc, Eurofins Scientific SE, Illumina Inc, PierianDx, Agilent Technologies Inc, Roche Holding AG, Alphabet Inc Class A, Thermo Fisher Scientific Inc, Golden Helix, Scigenom Labs, Genuity Science, Fabric Genomics (formerly Omicia), Congenica, Precigen |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.2% of the global next-generation sequencing data analysis 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 next-generation sequencing data analysis 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 11.5 million by 2030.
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Next-generation Sequencing Data Analysis Market Scope
Next-generation Sequencing Data Analysis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia next-generation sequencing data analysis 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 next-generation sequencing data analysis market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 51.85% in 2023. Horizon Databook has segmented the Saudi Arabia next-generation sequencing data analysis market based on services, ngs commercial software covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Saudi Arabia NGS data analysis market can majorly be attributed to increasing involvement of government and rising awareness about benefits of NGS data analysis. The government initiated Saudi Human Genome Program in 2018 to develop the field of diagnostics and prevent genetic diseases.
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 with the aim of extending 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 NGS data analysis platform. Such factors are anticipated to drive the market.
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Our clientele includes a mix of next-generation sequencing data analysis 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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia next-generation sequencing data analysis market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia next-generation sequencing data analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia next-generation sequencing data analysis market size, by product, 2018-2030 (US$M)
Saudi Arabia Next-generation Sequencing Data Analysis Market Outlook Share, 2023 & 2030 (US$M)
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