Saudi Arabia Pharmaceutical Cdmo Market Size & Outlook
Saudi Arabia pharmaceutical cdmo market, 2018-2030 (US$M)
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Saudi Arabia pharmaceutical cdmo market highlights
- The Saudi Arabia pharmaceutical cdmo market generated a revenue of USD 1,627.1 million in 2023 and is expected to reach USD 2,372.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, api was the largest revenue generating product in 2023.
- API is the most lucrative product segment registering the fastest growth during the forecast period.
Pharmaceutical cdmo market data book summary
| Market revenue in 2023 | USD 1,627.1 million |
| Market revenue in 2030 | USD 2,372.6 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Api |
| Fastest growing segment | API |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | API, Drug Product |
| Key market players worldwide | Lonza Group Ltd, Thermo Fisher Scientific Inc, Labcorp Holdings Inc, Catalent Inc, Wuxi AppTec Co Ltd, Siegfried Holding AG, Nipro Corp, Piramal Pharma Solutions, Recipharm Venture Fund, CordenPharma, Cambrex, Bushu Pharmaceuticals, Seqens |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.1% of the global pharmaceutical cdmo 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 pharmaceutical cdmo 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 3,011.7 million by 2030.
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Pharmaceutical CDMO Market Scope
Pharmaceutical CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia pharmaceutical cdmo 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 pharmaceutical cdmo market will help companies and investors design strategic landscapes.
Api was the largest segment with a revenue share of 81.24% in 2023. Horizon Databook has segmented the Saudi Arabia pharmaceutical cdmo market based on api, drug product covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia held a 25.7% share of the MEA market in 2023, which can be attributed to the increasing number of biological therapies, growing awareness about the benefits of effective pharmaceutical solutions, and rising investments in R&D.
Saudi Arabia has the largest pharmaceutical market in the area despite the low local manufacturing rate of branded drugs compared to generic products. It has the largest economy in the Gulf Cooperation Council (GCC) in terms of population as well as Gross Domestic Product (GDP).
The pharmaceutical industry in Saudi Arabia is primarily reliant on medicines imported from the U.S., Europe, China, and India. Only 30% of medications sold in Saudi Arabia are manufactured locally. The government is encouraging investment in pharmaceutical production.
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Our clientele includes a mix of pharmaceutical cdmo 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 pharmaceutical cdmo market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia pharmaceutical cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia pharmaceutical cdmo market size, by product, 2018-2030 (US$M)
Saudi Arabia Pharmaceutical CDMO Market Outlook Share, 2023 & 2030 (US$M)
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