Saudi Arabia Rapid Medical Diagnostic Kits Market Size & Outlook
Saudi Arabia rapid medical diagnostic kits market, 2018-2030 (US$M)
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Saudi Arabia rapid medical diagnostic kits market highlights
- The Saudi Arabia rapid medical diagnostic kits market generated a revenue of USD 259.4 million in 2023 and is expected to reach USD 396.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, otc rdt was the largest revenue generating product in 2023.
- OTC RDT is the most lucrative product segment registering the fastest growth during the forecast period.
Rapid medical diagnostic kits market data book summary
| Market revenue in 2023 | USD 259.4 million |
| Market revenue in 2030 | USD 396.5 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Otc rdt |
| Fastest growing segment | OTC RDT |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OTC RDT, Professional RDT |
| Key market players worldwide | ACON Laboratories, Abbott Laboratories, BD, BioMerieux SA, Bio-Rad Laboratories Inc, Danaher Corp, Cardinal Health Inc, Creative Diagnostics, Roche, McKesson Corp, Meridian Bioscience, Trinity Biotech PLC ADR, Zoetis Inc Class A, Artron Bioresearch, Alfa Medical Group, BioNTech SE ADR, Sight Diagnostics |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.3% of the global rapid medical diagnostic kits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia rapid medical diagnostic kits 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 302.7 million by 2030.
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Rapid Medical Diagnostic Kits Market Scope
Rapid Medical Diagnostic Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia rapid medical diagnostic kits 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 rapid medical diagnostic kits market will help companies and investors design strategic landscapes.
Otc rdt was the largest segment with a revenue share of 63.8% in 2023. Horizon Databook has segmented the Saudi Arabia rapid medical diagnostic kits market based on otc rdt, professional rdt covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in prevalence of diabetes in UAE is expected to boost market share during the forecast period. According to the International Diabetes Federation, the population affected by diabetes in Middle East and North Africa was estimated to be 38.7 million.
Majority of individuals with diabetes belonged to low- or middle-income economies. Saudi recorded a prevalence of 17.7%, which was the highest in Middle East and North Africa. Estimates of diabetes type 1 in adolescents and children were derived from Saudi.
Thus, rise in the prevalence of diabetes is expected to fuel market growth. According to Worldometer, as of June 10, 2020, around 108,571 total cases of COVID-19 were recorded in Saudi Arabia and the total number of tests performed was 997,673. This indicates increasing adoption of rapid diagnostic tests in the country to cater to the increasing demand for COVID-19 testing.
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Our clientele includes a mix of rapid medical diagnostic kits 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 rapid medical diagnostic kits market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia rapid medical diagnostic kits market size, by product, 2018-2030 (US$M)
Saudi Arabia Rapid Medical Diagnostic Kits Market Outlook Share, 2023 & 2030 (US$M)
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