Press release
Saudi Arabia Laboratories Market Statistical Forecast, Trade Analysis 2024 -2031 - Sartorius AG, Avantor Inc & Danaher Corporation.
Saudi Arabia Laboratories Market||2024-2031
The Saudi Arabia Laboratories Market study provides a comprehensive analysis with both quantitative and qualitative data, offering insights into market trends, opportunities, and forecasts up to 2029. It covers market size and growth projections, segmented by key regions including major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, the United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, and Australia, as well as other global regions. This analysis aims to deliver a detailed outlook on the Saudi Arabia Laboratories Market within the context of the global landscape.
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Market Trends:
The Saudi Arabian healthcare sector, the largest in the Middle East, is a significant focus for government investment, with 13.5% of spending allocated to healthcare services and training. This investment is driven by the increasing demand for healthcare and aims to stimulate economic growth. The sector's contribution to GDP is expected to rise by over 13% by 2025, with notable growth in regions like the Eastern Province, Al-Jouf, Riyadh, and Makkah. The growth of the Saudi Arabia laboratories market is fueled by the rising burden of infectious and chronic diseases, along with increased government funding and grants for research and development.
Segment Covered in the Saudi Arabia Laboratories Market:
By Product Type: Analytical Equipment, General Equipment, Specialty Equipment, Support Equipment, Others.
By Specialty Type: Microbiology, Hematology, Immunology, Histopathology, Chemistry, Cytology, Genetic Testing, Others.
By End User: Life Science Research, Clinical Research, Medical Diagnostics, Pharmaceutical Research and Development, Others.
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Major Key players involved in Saudi Arabia Laboratories Market:
• Somatco.
• Mediserv
• Salehiya Establishment
• AL MOUMEN MEDICAL SUPPLY
• National Scientific Company Limited (NSC)
• Thermo Fisher Scientific Inc.
• Eppendorf AG
• Sartorius AG
• Avantor Inc.
• Danaher Corporation
Product portfolio:
Sartorius AG is a prominent global player in life science research and the biopharmaceutical industry, listed on the German MDAX and TecDAX stock exchanges. In fiscal 2020, the company achieved sales of €2.34 billion, marking a 30% growth. The bioprocess division, which accounted for 76% of total revenue, and the lab division, contributing 24%, drive its financial performance. Sartorius' product portfolio includes the advanced iQue3 flow cytometry platform from the iQue Screener PLUS line. This cutting-edge system emphasizes speed and efficiency, featuring an enhanced rinse station that monitors reagent usage, ensuring that sufficient resources are available to complete each run.
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