Saudi Arabia Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
Saudi Arabia nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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Saudi Arabia nuclear magnetic resonance spectroscopy market highlights
- The Saudi Arabia nuclear magnetic resonance spectroscopy market generated a revenue of USD 2.6 million in 2023 and is expected to reach USD 3.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, research & manufacturing was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
Nuclear magnetic resonance spectroscopy market data book summary
| Market revenue in 2023 | USD 2.6 million |
| Market revenue in 2030 | USD 3.5 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Research & manufacturing |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS |
| Key market players worldwide | Jeol Ltd, Thermo Fisher Scientific Inc, Bruker Corp, Oxford Instruments PLC, Nanalysis Scientific Corp Ordinary Shares, Absci Corp, QuinStreet Inc, Magritek Ltd, Magnetic Resonance Innovations |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global nuclear magnetic resonance spectroscopy 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 nuclear magnetic resonance spectroscopy 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 2.0 million by 2030.
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Nuclear Magnetic Resonance Spectroscopy Market Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia nuclear magnetic resonance spectroscopy 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 nuclear magnetic resonance spectroscopy market will help companies and investors design strategic landscapes.
Research & manufacturing was the largest segment with a revenue share of 46.15% in 2023. Horizon Databook has segmented the Saudi Arabia nuclear magnetic resonance spectroscopy market based on outpatient facilities, research & manufacturing, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in Saudi Arabia NMR spectroscopy market can be attributed to various initiatives being undertaken by the government to expand the biotechnology sector in the country. Organizations such as the King Abdullah University of Science and Technology (KAUST) facilitate biotechnology R&D activities in Saudi Arabia.
Furthermore, increasing private & public partnerships for expanding biopharmaceutical industry are anticipated to boost the demand for NMR spectroscopy products. For instance, in October 2019, Saudi Arabian Investment Authority (SAGIA) signed a Memorandum of understanding (MOU) with Korea’s GL Rapha Co. to manufacture biological drugs worth USD 320 million in the country.
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Our clientele includes a mix of nuclear magnetic resonance spectroscopy 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 nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
Saudi Arabia Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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