Saudi Arabia Oligonucleotide Synthesis Market Size & Outlook
Saudi Arabia oligonucleotide synthesis market, 2018-2030 (US$M)
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Saudi Arabia oligonucleotide synthesis market highlights
- The Saudi Arabia oligonucleotide synthesis market generated a revenue of USD 22.7 million in 2024 and is expected to reach USD 44.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12% from 2025 to 2030.
- In terms of segment, services was the largest revenue generating segment in 2024.
- Services is the most lucrative segment segment registering the fastest growth during the forecast period.
Oligonucleotide synthesis market data book summary
| Market revenue in 2024 | USD 22.7 million |
| Market revenue in 2030 | USD 44.7 million |
| Growth rate | 12% (CAGR from 2024 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oligonucleotides, Equipment/Synthesizer, Reagents, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, GE HealthCare Technologies Inc Common Stock, Agilent Technologies, Kaneka Corp, Heritage Global Inc, Twist Bioscience Corp, Bio-Synthesis, Biolegio |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global oligonucleotide synthesis market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia oligonucleotide synthesis market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 44.7 million by 2030.
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Oligonucleotide Synthesis Market Scope
Oligonucleotide Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia oligonucleotide synthesis 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 oligonucleotide synthesis market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 37.44% in 2024. Horizon Databook has segmented the Saudi Arabia oligonucleotide synthesis market based on oligonucleotides, equipment/synthesizer, reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has been investing in biotechnology and life sciences initiatives, including R&D. The growth of these initiatives is expected to drive the demand for oligonucleotide synthesis in various applications, such as genomics, diagnostics, and therapeutics.
The government initiated Saudi Human Genome Program in 2018 to develop the field of diagnostics and prevent genetic diseases. In addition, extensive research studies involving sequencing can help expand the usage rate of advanced DNA sequencing techniques in this country.
According to the Centre for Arab Genomic Studies, Saudi Arabia has a high burden of genetic diseases, primarily due to consanguinity. The number of cancer cases and deaths has also increased in recent years in the country. As per the GLOBOCAN data, in 2020, around 27,885 new cancer cases were diagnosed in Saudi Arabia and around 13,069 people succumbed to cancer.
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Our clientele includes a mix of oligonucleotide synthesis 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 oligonucleotide synthesis market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia oligonucleotide synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia oligonucleotide synthesis market size, by segment, 2018-2030 (US$M)
Saudi Arabia Oligonucleotide Synthesis Market Outlook Share, 2024 & 2030 (US$M)
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