In this one-minute video, Vikas Kharbanda, Partner at Arthur D. Little and Healthcare Practice Lead, breaks down into key insights the "Advancing Biotechnology and Genomics in Saudi Arabia" report he co-authored.
Vikas sheds light on Saudi Arabia's strategic R&D investments, projected to harness 2.5% of GDP by 2024. This bold move positions the kingdom as a formidable contender in the global biotech arena, with potential economic gains of $16 billion.
The global biotechnology market, valued at $1.5 trillion in 2023, is on an upward trajectory, set to soar to $4 trillion by 2030.
Vikas explains the reasons for this growth, highlighting the increasing need for better healthcare and the growing focus on wellness and prevention.
To learn more, check out the full report: Advancing biotechnology & genomics in Saudi Arabia
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