Saudi Arabia Std Diagnostics Market Size & Outlook
Saudi Arabia std diagnostics market, 2017-2030 (US$M)
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Saudi Arabia std diagnostics market highlights
- The Saudi Arabia std diagnostics market generated a revenue of USD 73.1 million in 2023 and is expected to reach USD 124.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, consumables (reagents and kits) was the largest revenue generating product in 2023.
- Consumables (Reagents and kits) is the most lucrative product segment registering the fastest growth during the forecast period.
Std diagnostics market data book summary
| Market revenue in 2023 | USD 73.1 million |
| Market revenue in 2030 | USD 124.4 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Consumables (reagents and kits) |
| Fastest growing segment | Consumables (Reagents and kits) |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments & Services, Consumables (Reagents and kits), Softwares |
| Key market players worldwide | BD, Roche, Hologic Inc, Abbott Laboratories, Danaher Corp, Qiagen NV, OraSure Technologies Inc, Bio-Rad Laboratories Inc, BioMerieux SA, Thermo Fisher Scientific Inc, Seegene, Diasorin SpA |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global std diagnostics 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 std diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 124.4 million by 2030.
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STD Diagnostics Market Scope
STD Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia std diagnostics 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 std diagnostics market will help companies and investors design strategic landscapes.
Consumables (reagents and kits) was the largest segment with a revenue share of 69.9% in 2023. Horizon Databook has segmented the Saudi Arabia std diagnostics market based on instruments & services, consumables (reagents and kits), softwares covering the revenue growth of each sub-segment from 2017 to 2030.
High unmet clinical needs, rise in disposable income, and increase in the number of collaborative agreements with international organizations, such as WHO & UN, are creating opportunities for growth of STD diagnostics market in Saudi Arabia.
Moreover, increase in testing for STDs is expected to drive market growth. For instance, according to WHO, in 2017, prevalence of hepatitis B in people above 5 years of age was 2.24%, and estimated number of carriers was 636,000.
Lower awareness and stigma associated with STDs in the society may limit the adoption of STD diagnostics in the region. A survey was conducted in February 2019 to May 2019 on around 1,902 university students for evaluating knowledge of STDs.
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Our clientele includes a mix of std diagnostics 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 std diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia std diagnostics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia std diagnostics market size, by product, 2017-2030 (US$M)
Saudi Arabia STD Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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