Saudi Arabia Biotechnology Market Size & Outlook, 2024-2030
Saudi Arabia Biotechnology Market, 2018-2030 (US$M)
Global Market
Related Markets
Saudi Arabia biotechnology market highlights
- The Saudi Arabia biotechnology market generated a revenue of USD 4,827.3 million in 2023 and is expected to reach USD 12,212.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 14.2% from 2024 to 2030.
- In terms of segment, health was the largest revenue generating application in 2023.
- Bioinformatics is the most lucrative application segment registering the fastest growth during the forecast period.
Biotechnology market data book summary
| Market revenue in 2023 | USD 4,827.3 million |
| Market revenue in 2030 | USD 12,212.2 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Bioinformatics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health, Food & Agriculture, Natural reseources & Environment, Industrial Processing, Bioinformatics, Others Applications |
| Key market players worldwide | AstraZeneca PLC, Gilead Sciences Inc, Bristol-Myers Squibb Co, Sanofi SA, Biogen Inc, Abbott Laboratories, Pfizer Inc, Amgen Inc, Novo Nordisk A/S ADR, Merck KGaA, Johnson & Johnson, Novartis AG ADR, Roche Holding AG, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% of the global biotechnology 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 biotechnology 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 12,212.2 million by 2030.
Saudi Arabia biotechnology market is still in nascent stage. However, various initiatives are being taken to accelerate the country's market growth. For instance, in April 2020, KAUST and Industrial Clusters signed a Memorandum of Understanding for the National Bio Park project. This initiative is intended as R&D and innovation hub for biotechnology industry in Saudi Arabia.
Similarly, Badir Biotechnology Incubator is operational in the country since 2010. This supports setting up and development of several start-ups in the biotechnology sector. In addition, it helps Saudi research community for establishment and development of strategic projects in various biotechnology fields.
Saudi Bio is one of the major companies operating in Saudi Arabia. The company is the only biotech manufacturing facility in the country with multipurpose sterile fill and finish facility. Presence of such companies is anticipated to positively impact the market growth.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| Novartis AG ADR | View profile | 76,057 | Lichtstrasse 35, Basel, Switzerland, 4056 | www.novartis.com |
| Amgen Inc | View profile | 26,700 | One Amgen Center Drive, Thousand Oaks, CA, United States, 91320-1799 | www.amgen.com |
| Merck KGaA | View profile | 62,345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | www.emdgroup.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Pfizer Inc | View profile | 88,000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | www.pfizer.com |
| Sanofi SA | View profile | 87,994 | 46, avenue de la Grande Armée, Paris, France, 75017 | www.sanofi.com |
| Lonza Group Ltd | View profile | 18,000 | Muenchensteinerstrasse 38, Basel, Switzerland, CH-4002 | www.lonza.com |
| Roche Holding AG | View profile | 103,605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | www.roche.com |
| Bristol-Myers Squibb Co | View profile | 34,100 | Route 206 and Province Line Road, Princeton, New Jersey, NJ, United States, 08543 | www.bms.com |
Saudi Arabia Biotechnology 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 Biotechnology Market Outlook will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 46.06% in 2023.
Horizon Databook has segmented the Saudi Arabia biotechnology market based on health, food & agriculture, natural reseources & environment, industrial processing, bioinformatics, others applications covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia biotechnology market is still in nascent stage. However, various initiatives are being taken to accelerate the country's market growth. For instance, in April 2020, KAUST and Industrial Clusters signed a Memorandum of Understanding for the National Bio Park project. This initiative is intended as R&D and innovation hub for biotechnology industry in Saudi Arabia.
Similarly, Badir Biotechnology Incubator is operational in the country since 2010. This supports setting up and development of several start-ups in the biotechnology sector. In addition, it helps Saudi research community for establishment and development of strategic projects in various biotechnology fields.
Saudi Bio is one of the major companies operating in Saudi Arabia. The company is the only biotech manufacturing facility in the country with multipurpose sterile fill and finish facility. Presence of such companies is anticipated to positively impact the market growth.
- Saudi Arabia Biotechnology Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Fermentation
- Chromatography Market
- DNA Sequencing
- Cell Based Assay
- Others
- PCR Technology
- Nanobiotechnology
- Tissue engineering and Regeneration
- Saudi Arabia Biotechnology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Natural reseources & Environment
- Others Applications
- Food & Agriculture
- Health
- Industrial Processing
- Bioinformatics
Reasons to subscribe to Biotechnology Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Biotechnology Market Outlook databook
- Our clientele includes a mix of Biotechnology Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia Biotechnology Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Biotechnology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Biotechnology Market, 2018-2030 (US$M)
Saudi Arabia biotechnology market statistics, by technology, 2018-2030 (US$M)
