Saudi Arabia Polymerase Chain Reaction Market Size & Outlook
Saudi Arabia polymerase chain reaction market, 2018-2030 (US$M)
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Saudi Arabia polymerase chain reaction market highlights
- The Saudi Arabia polymerase chain reaction market generated a revenue of USD 175.0 million in 2023 and is expected to reach USD 104.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of -7.1% from 2024 to 2030.
- In terms of segment, conventional pcr was the largest revenue generating type in 2023.
- Conventional PCR is the most lucrative type segment registering the fastest growth during the forecast period.
Polymerase chain reaction market data book summary
| Market revenue in 2023 | USD 175.0 million |
| Market revenue in 2030 | USD 104.8 million |
| Growth rate | -7.1% (CAGR from 2023 to 2030) |
| Largest segment | Conventional pcr |
| Fastest growing segment | Conventional PCR |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional PCR |
| Key market players worldwide | Thermo Fisher Scientific Inc, Danaher Corp, Abbott Laboratories, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Qiagen NV, Roche Holding AG ADR, Standard BioTools Inc, Stilla, Microsynth |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global polymerase chain reaction 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 polymerase chain reaction 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 114.4 million by 2030.
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Polymerase Chain Reaction Market Scope
Polymerase Chain Reaction Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia polymerase chain reaction 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 polymerase chain reaction market will help companies and investors design strategic landscapes.
Conventional pcr was the largest segment with a revenue share of 4.8% in 2023. Horizon Databook has segmented the Saudi Arabia polymerase chain reaction market based on conventional pcr covering the revenue growth of each sub-segment from 2018 to 2030.
Due to increasing communicable and noncommunicable diseases, Saudi Arabia faces high social and geopolitical pressures. Noncommunicable diseases such as CVD and diabetes are increasing owing to sedentary lifestyles. Lung, colorectal, stomach, breast, and prostate cancers are major causes of cancer-related deaths in this region.
High unmet clinical needs; increasing disposable incomes; and collaborations among government, local players, & international organizations such as WHO & UN are attracting the attention of key global players, thereby fueling the market.
Furthermore, increasing usage of PCR tests is anticipated to fuel market penetration of PCR in Saudi Arabia. For instance, as of July 2022, there were 801,935 reported COVID-19 cases in the country since the pandemic began, with an average daily caseload of 422.6.
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Our clientele includes a mix of polymerase chain reaction market companies, investment firms, advisory firms & academic institutions.
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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 polymerase chain reaction market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia polymerase chain reaction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia polymerase chain reaction market size, by type, 2018-2030 (US$M)
Saudi Arabia Polymerase Chain Reaction Market Outlook Share, 2023 & 2030 (US$M)
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