Saudi Arabia Regenerative Medicine Market Size & Outlook
Saudi Arabia regenerative medicine market, 2018-2030 (US$M)
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Saudi Arabia regenerative medicine market highlights
- The Saudi Arabia regenerative medicine market generated a revenue of USD 138.3 million in 2023 and is expected to reach USD 303.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.9% from 2024 to 2030.
- In terms of segment, therapeutics was the largest revenue generating product in 2023.
- Banks is the most lucrative product segment registering the fastest growth during the forecast period.
Regenerative medicine market data book summary
| Market revenue in 2023 | USD 138.3 million |
| Market revenue in 2030 | USD 303.5 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Banks |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Therapeutics, Tools, Banks, Services |
| Key market players worldwide | AstraZeneca PLC, Roche Holding AG, Integra Lifesciences Holdings Corp, Astellas Pharma Inc, Cook Group, Bayer AG, Pfizer Inc, Merck KGaA, Abbott Laboratories, Vericel Corp, Novartis AG ADR, GlaxoSmithKline |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global regenerative medicine 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 regenerative medicine 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 85.7 million by 2030.
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Regenerative Medicine Market Scope
Regenerative Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia regenerative medicine 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 regenerative medicine market will help companies and investors design strategic landscapes.
Therapeutics was the largest segment with a revenue share of 76.79% in 2023. Horizon Databook has segmented the Saudi Arabia regenerative medicine market based on therapeutics, tools, banks, services covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has become the first Arabian country with more than 10,000 stem cell donors. This indicates the increasing adoption of stem cell therapies in the country. Such initiatives are expected to drive the market for regenerative medicine in Saudi Arabia. In addition, major companies such as Celltex Therapeutics Corporation are expanding their businesses in Saudi Arabia.
In March 2019, Celltex Therapeutics Corporation signed a Memorandum of Understanding with the Research Products Development Company (RPDC) for the commercialization of the company’s stem cell technology. Such companies are anticipated to propel the market growth in the country. Moreover, the growing biotechnology sector in the country and ongoing research activities are supporting the country’s market growth.
For instance, in February 2019, Celltex and Texas A&M University partnered with Saudi Arabia to support a multi-year research study investigating therapies for Alzheimer’s disease. The country is boosting its biotechnology and pharmaceutical sectors as it is in the transition phase from the gas industry to the biotechnology industry.
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Our clientele includes a mix of regenerative medicine 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 regenerative medicine market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia regenerative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia regenerative medicine market size, by product, 2018-2030 (US$M)
Saudi Arabia Regenerative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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