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Saudi Arabia Next Generation Sequencing (NGS) Market Size, Share, Forecast, & Trends Analysis by Offering (Sample Preparation (DNA Extraction, Library Preparation), Instruments) Type (SMRT, DNB) Application (Clinical, Research) End User – Forecast to 2031
Report ID: MRHC - 1041319 Pages: 183 Sep-2024 Formats*: PDF Category: Healthcare Delivery: 2 to 4 Hours Download Free Sample ReportKey factors driving the growth of this market include the rise in cancer incidence, the increasing application of NGS in cancer treatment and research, and technological advancements in NGS. Furthermore, the rising adoption of genomic data management solutions and collaborations between vendors to develop library preparation protocols are expected to create market growth opportunities.
Cancer is a leading cause of death and a significant barrier to improving life expectancy in Saudi Arabia. Furthermore, according to GLOBOCAN, cancer incidence in Saudi Arabia is projected to reach 39,900 cases by 2030, an increase from 28,113 cases in 2022. Similarly, cancer-related mortalities are expected to increase from 13,400 in 2022 to 42,100 in 2045. This rising prevalence is anticipated to drive the adoption of NGS in clinical settings. NGS has significantly advanced researchers' understanding of cancer biology by revealing genetic heterogeneity even among cancer types previously thought to be identical. The identification of unique molecular signatures is facilitating the development of potential cancer treatments and driving the demand for NGS in cancer research. The applications of NGS in oncology research include basic drug discovery, translational research, patient testing, and clinical trials. Specifically, NGS is used for diagnostic and prognostic studies, monitoring drug resistance, biomarker identification, therapy selection, and tumor classification.
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NGS technology has revolutionized genetic disease diagnostics with rapid, high-throughput, and cost-effective approaches. NGS technology can simultaneously analyze hundreds of genes, the whole exome, and even the whole genome, enabling researchers to gain a deeper understanding of the genetic heterogeneity of rare diseases. NGS has great potential to enhance cancer diagnosis and care. Using NGS technology, various genomic aberrations, such as common and rare variants, structural variations (e.g., insertions and deletions), copy-number variations, and fusion transcripts, can be screened simultaneously.
NGS has gained significance in clinical practices for oncology, reproductive health, Mendelian disorders, complex diseases, and infectious diseases. In the coming years, NGS is expected to diversify in other clinical areas, with a considerable reduction in sequencing costs. The technology is expected to show substantial penetration in applications such as liquid biopsies for the early detection and monitoring of cancer and reproductive health applications. New biomarkers and actionable mutations are being identified by researchers, which are consequently expected to increase the applications and usage of NGS technology, creating growth opportunities for the players operating in the NGS market.
Precision medicine is an emerging approach to patient care that customizes treatment based on an individual's genetic makeup, considering genetic changes due to disease, lifestyle factors, and environmental influences. This approach aims to move beyond the trial-and-error method of medication by providing targeted treatments based on each patient’s unique genetic profile. Precision medicine can address variability in diagnostic capabilities and aid in developing treatment strategies tailored to specific genetic and demographic characteristics. Advancements in NGS technology are transforming how doctors diagnose and treat diseases. The field of targeted treatments, which utilizes genomic data to tailor patient-specific therapies, is rapidly advancing and has increasingly become part of mainstream clinical practice. This approach involves the molecular profiling of cells to identify targetable genetic alterations, also known as biomarkers. NGS technology enables the rapid and reliable sequencing of multiple genes simultaneously. This capability has significantly contributed to the development of precision medicine, which involves customizing treatments based on specific molecular changes associated with an individual's disease.
The development of portable handheld sequencing devices has made sequencing more affordable, simpler, and faster without requiring large clinical laboratory settings. Real-time sequencing allows researchers and physicians to quickly access and act on sequencing data. Portable nanopore-based sequencers can sequence entire genomes for less than USD 1,000. These devices work by passing DNA molecules through a nanopore, which is a small protein embedded in a membrane. As the DNA molecule moves through the nanopore, it interacts with the adaptor, creating a change in electric current. This current change is recorded and often visualized as a graph. Real-time sequencing is increasingly being adopted for various applications, including disease characterization, contaminant detection, and plant genome analysis. For instance, King Abdulaziz University in Jeddah, Saudi Arabia, funded a research study on the genotyping of the Rh Blood Group D antigen using a portable nanopore-based sequencing device.
By offering, the Saudi Arabia NGS market is segmented into consumables, NGS platforms/instruments, software, and services. In 2024, the consumables segment is expected to account for the largest share of 62.6% of the Saudi Arabia NGS market. This segment is projected to reach $31.8 million by 2031 from an estimated $16.0 million in 2024, at a CAGR of 10.3% during the forecast period. Ongoing advancements in reagents, kits, and target enrichment protocols, coupled with the high adoption of sequencing in healthcare facilities, are driving the demand for consumables used in NGS. The frequent use of these consumables, coupled with a growing demand for NGS-based diagnostic tests and applications in oncology, reproductive health, and drug discovery, contribute to the significant share of this market segment.
By sequencing type, the Saudi Arabia NGS market is segmented into targeted genome sequencing, whole genome sequencing, whole exome sequencing, and other sequencing types. In 2024, the targeted genome sequencing segment is expected to account for the largest share of the Saudi Arabia NGS market. This segment's significant market share is attributed to the advantages of targeted genome sequencing, such as low cost, quick results, and straightforward data analysis for specific areas of interest. These benefits have led to its widespread adoption in diagnostic applications.
Targeted sequencing is useful for identifying somatic mutations in complex samples such as cancerous tumors mixed with germline DNA, hence used in investigating the genetic causes of cancer and other disorders. Thus, the rising use of targeted genome sequencing in the diagnosis is further contributing to the significant market share of this segment.
By application, the Saudi Arabia NGS market is segmented into research & other applications and clinical applications. In 2024, the research & other applications segment is expected to account for the largest share of 56.9% of the Saudi Arabia NGS market. This segment is projected to reach $29.3 million by 2031 from an estimated $ 14.5 million in 2024, at a CAGR of 10.6% during the forecast period. The segment's significant market share is due to the rapid adoption of NGS among academic and research institutions, the increasing demand for personalized medicine, and heightened investments by pharmaceutical and biotechnology companies in drug discovery. Additionally, the expanding applications of NGS in oncology, agriculture, and other research areas, along with the advantages of genetic research utilizing NGS technology and the rising incidence of cancer, are contributing to the segment’s significant market share.
By end user, the Saudi Arabia NGS market is segmented into pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, academic & research centers, and other end users. In 2024, the hospitals & diagnostic laboratories segment is expected to account for the largest share of the Saudi Arabia NGS market. This segment’s significant market share is due to the rising demand for NGS-based diagnostic testing, improvements in healthcare infrastructure, and increasing public-private partnerships within the healthcare sector. Growing investments from both private and public entities to expand hospital capacities are further fueling the demand for NGS assays and instruments in these settings. According to the Centre for Public Policy Research (CPPR) (India), the Saudi Arabian government has invested over USD 65 billion through its Vision 2030 initiative, which supports the restructuring, privatization, and technological advancement of healthcare facilities.
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios and the key growth strategies adopted by them over the past three to four years. Some of the key players operating in the Saudi Arabia NGS market are Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Revvity, Inc. (U.S.), QIAGEN N.V. (Netherlands), Agilent Technologies, Inc. (U.S.), Pacific Biosciences of California, Inc. (U.S.), Danaher Corporation (U.S.), Oxford Nanopore Technologies Plc. (U.K.), Beijing Genomics Institute (BGI) (China), Bio-Rad Laboratories, Inc. (U.S.), and 10x Genomics, Inc. (U.S.).
Particulars |
Details |
Number of Pages |
183 |
Format |
|
Forecast Period |
2024–2031 |
Base Year |
2023 |
CAGR (Value) |
10.1% |
Market Size (Value) |
USD 50.0 million by 2031 |
Segments Covered |
Saudi Arabia NGS Market, by Offering
Saudi Arabia NGS Market, by Sequencing Type
Saudi Arabia NGS Market, by Application
. Saudi Arabia NGS Market, by End User
|
Countries Covered |
Saudi Arabia |
Key Companies |
Some of the key players operating in Saudi Arabia NGS market are Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Revvity, Inc. (U.S.), QIAGEN N.V. (Netherlands), Agilent Technologies, Inc. (U.S.), Pacific Biosciences of California, Inc. (U.S.), Danaher Corporation (U.S.), Oxford Nanopore Technologies Plc. (U.K.), Beijing Genomics Institute (BGI) (China), Bio-Rad Laboratories, Inc. (U.S.), and 10x Genomics, Inc. (U.S.). |
Next-generation sequencing (NGS) is a method used to determine the nucleotide sequence of DNA or RNA. By providing a detailed nucleotide sequence, NGS offers the most comprehensive understanding of a gene or genome. This sequence serves as a blueprint, containing critical information for constructing an organism, and is essential for a complete understanding of genetic function and evolution.
This study provides valuable insights, market sizes, and forecasts in terms of value by offering, sequencing type, application, and end user.
The Saudi Arabia NGS market is projected to reach $ 50.0 million by 2031, at a CAGR of 10.1% during the forecast period.
In 2024, the consumables segment is expected to account for the largest share of 62.6% of the Saudi Arabia NGS market. This segment is projected to reach $31.8 million by 2031 from an estimated $16.0 million in 2024, at a CAGR of 10.3% during the forecast period. The frequent use of these consumables, coupled with a growing demand for NGS-based diagnostic tests and applications in oncology, reproductive health, and drug discovery, contribute to the significant share of this market segment.
Based on end user, the pharmaceutical & biotechnology companies segment is slated to register the highest CAGR during the forecast period. The expansion of the biotechnology sector in Saudi Arabia is a key factor fueling the segment’s growth. For instance, the Saudi government has introduced a National Biotechnology Strategy designed to promote local bio-manufacturing and decrease dependence on pharmaceutical imports. Consequently, the share of pharmaceutical imports has fallen from 70% in 2019 to 80% in 2023.
Key factors driving the growth of this market include the rising cancer prevalence, the increasing application of NGS in cancer treatment and research, and technological advancements in NGS. Furthermore, the rising adoption of genomic data management solutions and collaborations between vendors to develop library preparation protocols are expected to create market growth opportunities.
Some of the key players operating in the NGS market in Saudi Arabia are Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Revvity, Inc. (U.S.), QIAGEN N.V. (Netherlands), Agilent Technologies, Inc. (U.S.), Pacific Biosciences of California, Inc. (U.S.), Danaher Corporation (U.S.), Oxford Nanopore Technologies Plc. (U.K.), Beijing Genomics Institute (BGI) (China), Bio-Rad Laboratories, Inc. (U.S.), and 10x Genomics, Inc. (U.S.).
Published Date: Aug-2024
Published Date: Jan-2024
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