Saudi Arabia Organ On A Chip Market Size & Outlook
Saudi Arabia organ on a chip market, 2018-2030 (US$M)
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Saudi Arabia organ on a chip market highlights
- The Saudi Arabia organ on a chip market generated a revenue of USD 0.4 million in 2023 and is expected to reach USD 1.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 21.6% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product & service in 2023.
- Product is the most lucrative product & service segment registering the fastest growth during the forecast period.
Organ on a chip market data book summary
| Market revenue in 2023 | USD 0.4 million |
| Market revenue in 2030 | USD 1.6 million |
| Growth rate | 21.6% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Product |
| 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 | Emulate, Mimetas, Valo Health, Nortis, AxoSim, BICO, CN Bio, SynVivo, Draper, AlveoliX AG |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% of the global organ on a chip 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 organ on a chip 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 1.6 million by 2030.
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Organ On A Chip Market Scope
Organ On A Chip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia organ on a chip 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 organ on a chip market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 50% in 2024. Horizon Databook has segmented the Saudi Arabia organ on a chip market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
The OOC market is emerging in Saudi Arabia as an innovative solution for drug testing and biomedical research, drawing interest from researchers and pharmaceutical companies. Government initiatives that emphasize healthcare and biotechnology provide significant growth potential.
Additionally, the expanding veterinary sector may drive demand, as this technology can improve testing for veterinary drugs.
Despite challenges like high costs and the need for specialized expertise, collaboration between local universities and international firms could accelerate market adoption.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia organ on a chip market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia organ on a chip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia organ on a chip market report size, by product & service, 2018-2030 (US$M)
Saudi Arabia Organ On A Chip Market Share, 2024 & 2030 (US$M)
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