Saudi Arabian microbiology cell culture market is forecasted to reach $38.7 million by 2023. The growth is mainly driven by increasing prevalence of infectious diseases and technological advancements and regulatory approvals taking place in the market.
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On the basis of product, the microbiology cell culture market in Saudi Arabia has been categorized into consumables and instruments. Consumables are further classified into media, reagents and other consumables, where media is estimated to hold the largest share, of 44.0%, in the market in 2017. This is mainly attributable to the large value to volume ratio of media when compared to reagents and other consumables.
Based on end user, the microbiology cell culture market in Saudi Arabia is categorized into pharmaceutical and biotechnology companies, food and beverage companies, academic and research institutes and other end users. Pharmaceutical and biotechnology companies registered largest share in the Saudi Arabian market, with an estimated share of 44.3% in 2017, since these companies conduct numerous research studies for the development of various drugs against several diseases and health conditions.
The microbiology cell culture market in Saudi Arabia is consolidated with the presence of very few players. Thermo Fisher Scientific Inc. held the largest share in the Saudi Arabian market, with an estimated contribution of more than 30.0% in 2017. This leading position of the company is attributed to its robust product portfolio and competitive pricing strategy.
Some of the major players operating in the microbiology cell culture market in Saudi Arabia are Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Merck KGaA, Becton, Dickinson and Company, bioMérieux S.A., Scharlab S.L., Hardy Diagnostics, Sara Medical Supplies Factory, Medical Disposable Manufacturing Company (MDM), Saudi Prepared Media Laboratory Limited Company, Diamond Microscope Est., and General Electric Company.
Source: P&S Intelligence