Saudi Arabia Research Antibodies Market Size & Outlook
Saudi Arabia research antibodies market, 2018-2030 (US$M)
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Saudi Arabia research antibodies market highlights
- The Saudi Arabia research antibodies market generated a revenue of USD 16.1 million in 2023 and is expected to reach USD 20.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, primary was the largest revenue generating product in 2023.
- Primary is the most lucrative product segment registering the fastest growth during the forecast period.
Research antibodies market data book summary
| Market revenue in 2023 | USD 16.1 million |
| Market revenue in 2030 | USD 20.6 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Primary |
| Fastest growing segment | Primary |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Primary, Secondary |
| Key market players worldwide | Abcam PLC, Merck KGaA, Thermo Fisher Scientific Inc, Cell Signaling Technology, PerkinElmer, Becton Dickinson & Co, Bio-Techne Corp, Proteintech Group |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.0% of the global research antibodies 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 research antibodies 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 10.6 million by 2030.
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Research Antibodies Market Scope
Research Antibodies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia research antibodies 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 research antibodies market will help companies and investors design strategic landscapes.
Primary was the largest segment with a revenue share of 73.29% in 2023. Horizon Databook has segmented the Saudi Arabia research antibodies market based on primary, secondary covering the revenue growth of each sub-segment from 2018 to 2030.
One of the most common cancers diagnosed in women is breast cancer, whereas prostate cancer is the most common cancer in men. Thus, increase in the prevalence of cancer is leading to an increase in usage of research antibodies for developing new diagnostic and treatment methods.
Rise in public and private funding to expand biotechnology sector is anticipated to boost the market. For instance, in 2018 Saudi biotechnology startups that were incubated by Badir Program for Technology Incubators and Accelerators raised a funding of USD 2.66 million.
These funding deals were led by individual investors, venture capital firms, and also government institutions. The incubator aims at encouraging and supporting the biotechnology sector. Thus, rising prevalence of cancer and increasing R&D are factors boosting the market in Saudi Arabia.
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Our clientele includes a mix of research antibodies 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 research antibodies market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia research antibodies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia research antibodies market size, by product, 2018-2030 (US$M)
Saudi Arabia Research Antibodies Market Outlook Share, 2023 & 2030 (US$M)
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