Saudi Arabia Synthetic Biology Market Size & Outlook
Saudi Arabia synthetic biology market, 2018-2030 (US$M)
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Saudi Arabia synthetic biology market highlights
- The Saudi Arabia synthetic biology market generated a revenue of USD 108.2 million in 2023 and is expected to reach USD 324.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 17% from 2024 to 2030.
- In terms of segment, pcr technology was the largest revenue generating technology in 2023.
- NGS Technology is the most lucrative technology segment registering the fastest growth during the forecast period.
Synthetic biology market data book summary
| Market revenue in 2023 | USD 108.2 million |
| Market revenue in 2030 | USD 324.5 million |
| Growth rate | 17% (CAGR from 2023 to 2030) |
| Largest segment | Pcr technology |
| Fastest growing segment | NGS Technology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | NGS Technology, PCR Technology, Genome Editing Technology, Bioprocessing Technology, Other Technologies |
| Key market players worldwide | Basf SE, Codexis Inc, Illumina Inc, Merck KGaA, New England Biolabs, Eurofins Scientific SE, Novozymes, DNAstar, Synthego, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.8% of the global synthetic biology 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 synthetic biology 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 245.9 million by 2030.
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Synthetic Biology Market Scope
Synthetic Biology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia synthetic biology 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 synthetic biology market will help companies and investors design strategic landscapes.
Pcr technology was the largest segment with a revenue share of 27.08% in 2023. Horizon Databook has segmented the Saudi Arabia synthetic biology market based on ngs technology, pcr technology, genome editing technology, bioprocessing technology, other technologies covering the revenue growth of each sub-segment from 2018 to 2030.
In Saudi Arabia, the government is actively participating in developments associated with biomedical research sector. For instance, the government is focusing on special arrangements with an aim to improve understanding of common disorders.
To increase capacity for research and training, several centers of excellence were opened in various areas in Saudi Arabia. Among these, Center of Excellence in Genomic Medicine Research (CEGMR) is working in translational research in the area of personalized medicine.
Moreover, various research organizations are working for development of synthetic biology, which is expected to boost market growth in the country. For instance, the Sustainable & Synthetic Biology (SSB) group, led by Kyle Lauersen, is developing resource-efficient bioprocesses through genetic engineering and process design.
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Our clientele includes a mix of synthetic biology 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 synthetic biology market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia synthetic biology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia synthetic biology market size, by technology, 2018-2030 (US$M)
Saudi Arabia Synthetic Biology Market Outlook Share, 2023 & 2030 (US$M)
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