Saudi Arabia Oncology Companion Diagnostic Market Size & Outlook
- Clinical Diagnostics
- In Vitro Diagnostics
- oncology companion diagnostics market
- In Vitro Diagnostics
Global Market
Related Markets
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Saudi Arabia oncology companion diagnostic market highlights
- The Saudi Arabia oncology companion diagnostic market generated a revenue of USD 41.8 million in 2023 and is expected to reach USD 72.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & service in 2023.
- Service is the most lucrative product & service segment registering the fastest growth during the forecast period.
Oncology companion diagnostic market data book summary
| Market revenue in 2023 | USD 41.8 million |
| Market revenue in 2030 | USD 72.1 million |
| Growth rate | 8.1% (CAGR from 2024 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Service |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Service |
| Key market players worldwide | Agilent Technologies Inc, Illumina Inc, Qiagen NV, Thermo Fisher Scientific Inc, ARUP Laboratories, Abbott Laboratories, Myriad Genetics Inc, BioMerieux SA, Roche Holding AG ADR |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global oncology companion diagnostic 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 oncology companion diagnostic 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 31.5 million by 2030.
The market growth can primarily be attributed to the increasing involvement of the government and the rising awareness about benefits of noninvasive diagnostic procedures. In addition, rapid advancements in NGS and PCR technologies have improved the accuracy of companion diagnostic techniques over the years.
Moreover, local & international players are focusing on expanding their networks in Saudi Arabia as awareness and adoption of advanced technologies are increasing in the country. For instance, in May 2022, MGI and the King Abdullah International Medical Research Center (KAIMRC) announced a partnership to advance genomic research.
This collaboration aimed to leverage MGI's genomic sequencing technology and KAIMRC's research capabilities to enhance genomic studies in the region. This partnership is likely to accelerate the development of innovative diagnostic tools and personalized treatment options in oncology.
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Publish Date: Jan 17, 2025
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Oncology Companion Diagnostics Market
Oncology Companion Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Roche Holding AG ADR | View profile | 103,605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | www.roche.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| BioMerieux SA | View profile | 13,982 | Marcy l’Etoile, Lyon, France, 69280 | www.biomerieux.com |
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Illumina Inc | View profile | 9,300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | www.illumina.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Myriad Genetics Inc | View profile | 2,700 | 320 Wakara Way, Salt Lake City, UT, United States, 84108 | www.myriad.com |
| ARUP Laboratories | View profile | 1001-5000 | Salt Lake City, Utah, United States, North America | www.aruplab.com |
Saudi Arabia oncology companion diagnostics market
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 Oncology Companion Diagnostic Market Outlook will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 66.51% in 2023.
Horizon Databook has segmented the Saudi Arabia oncology companion diagnostic market based on product, service covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth can primarily be attributed to the increasing involvement of the government and the rising awareness about benefits of noninvasive diagnostic procedures. In addition, rapid advancements in NGS and PCR technologies have improved the accuracy of companion diagnostic techniques over the years.
Moreover, local & international players are focusing on expanding their networks in Saudi Arabia as awareness and adoption of advanced technologies are increasing in the country. For instance, in May 2022, MGI and the King Abdullah International Medical Research Center (KAIMRC) announced a partnership to advance genomic research.
This collaboration aimed to leverage MGI's genomic sequencing technology and KAIMRC's research capabilities to enhance genomic studies in the region. This partnership is likely to accelerate the development of innovative diagnostic tools and personalized treatment options in oncology.
- Saudi Arabia Oncology Companion Diagnostic Market Product & Service Outlook (Revenue, USD Million , 2018-2030)
- Product
- Service
- Saudi Arabia Oncology Companion Diagnostic Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospital
- Pathology/Diagnostic laboratory
- Academic medical center
- Saudi Arabia Oncology Companion Diagnostic Market Disease Type Outlook (Revenue, USD Million , 2018-2030)
- Breast cancer
- Non-small cell lung cancer
- Colorectal cancer
- Leukemia
- Melanoma
- Prostate cancer
- Others
- Saudi Arabia Oncology Companion Diagnostic Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Polymerase chain reaction (PCR)
- Next-generation sequencing (NGS)
- Immunohistochemistry (IHC)
- In situ hybridization (ISH)/Fluorescence in situ hybridization (FISH)
- Other technologies
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- Our clientele includes a mix of oncology companion 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 oncology companion diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia oncology companion diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Oncology Companion Diagnostic Market, 2018-2030 (US$M)
Saudi Arabia oncology companion diagnostics market statistics, by product & service, 2018-2030 (US$M)
