Saudi Arabia Diagnostic Labs Market By Provider Type (Hospital Based v/s Stand Alone), By Test Type (Radiology v/s Pathology), By End User (Referrals, Walk-ins, Corporate Clients), By Region, Competition Forecast & Opportunities, 2027

Saudi Arabia Diagnostic Labs market stood at USD1546.81 million in 2021 and is expected to grow at a steady CAGR of 6.79% during the forecast period. This can be attributed to the growing prevalence of various infectious and non-infectious diseases in Saudi Arabia. Additionally, the sudden outbreak and spread of the COVID-19 pandemic has led to an increase in demand for diagnostic tests to diagnose COVID-19. This in turn fueled the market growth in 2020. Additionally, the growing proportion of the elderly population in Saudi Arabia requiring various blood tests to diagnose the disease is further expected to support the market growth during the forecast period. Besides, growing awareness about maintaining a healthy lifestyle and disease prevention and maintenance among the population in Saudi Arabia has led to an increase in demand for diagnostics, thereby supporting the market growth over the next few years. Also, the flourishing healthcare industry and increasing healthcare expenditure by both the governments and population across Saudi Arabia is expected to foster market growth during the forecast period.

Sudden Outbreak & Spread of COVID-19 Driving Market Growth

The increasing COVID-19 cases significantly changed the scenario of medical care across the country. Many healthcare companies, institutions and governments launched several COVID-19 diagnostic camps. The increase in demand for diagnostic tests during and after the pandemic spread led to the opening of new diagnostic labs that are providing offers for conducting different types of blood tests. During the pandemic crisis, all the standard operating protocols were revised in hospitals and diagnostic centers. All the hospital staff and other individuals required a blood test report to continue their services, leading to the increment in the number of blood tests conducted in Saudi Arabia, thereby positively influencing diagnostic labs market growth. For instance, according to the statistics provided by the Ministry of Health of Saudi Arabia, there were about 121,722 COVID-19 tests conducted in Saudi Arabia across different hospital based diagnostic labs and standalone labs during the COVID-19 pandemic.

Growing Prevalence of Diseases Supporting Market Growth

The growing prevalence of chronic and infectious diseases such as cancer, cardiovascular diseases, gastrointestinal disorders, renal disorders, and urological problems have significantly boosted the diagnostic labs market in Saudi Arabia. According to the Ministry of Health, as of 2021, the total number of COVID-19 lab tests conducted in Saudi Arabia were about 105,428. The overall prevalence of Chronic Obstructive Pulmonary Disease (COPD) in Saudi Arabia was about 4.2% out of overall population. Above mentioned diseases can be diagnosed by conducting laboratory tests. This has significantly increased the percentage of lab tests conducted in Saudi Arabia, thereby driving the growth of the diagnostic labs market in Saudi Arabia.

Higher Penetration of Organized Health Coverage Aids Market Growth

High penetration of organized health coverage across a broader range of diseases in Saudi Arabia is the key driver for the growth of the organized diagnostic sector. Insurance-backed and publicly funded healthcare schemes are becoming the mainstay of the diagnostic industry as the economy of Saudi Arabia is developing. Incentives from the government also play a major role in encouraging higher preventive testing among the population. For instance, Bupa Insurance Company provides diagnostic lab test insurance plans in accordance with the requirements of the Council of Cooperative Health Insurance and the Saudi Arabian Monetary Authority (SAMA).

Higher Proportion of Elderly Population to support Market Growth

The latest statistics of the Saudi Arabia Department of Statistics indicate that the number of elderlies is close to one million and three thousand, which is 5% of the total population, leading to higher demand for the diagnostic of diseases and disorders. The share of those above 65 years is increasing, giving rise to the elevated requirement for chronic care, thereby driving the growth of the diagnostic lab market in Saudi Arabia.

Increasing Number of Lab Facilities supports Market Growth

The number of laboratory facilities has significantly increased in Saudi Arabia, where many multinational laboratories chains are expanding. This has increased the demand for conducting lab tests at these facilities, thereby positively influencing the market growth of the diagnostic labs in Saudi Arabia. For instance, Dr Lal Path Labs, one of India's top pathology labs, is now open in Saudi Arabia that performs all types of blood and urine tests and has two diagnostic centers in Saudi Arabia.

Increasing Concerns About Health

The increasing awareness of health concerns from infection and cross-contamination has significantly increased the demand for diagnostic lab tests in Saudi Arabia. Additionally, various diagnostic lab facilities and government agencies are taking initiatives to spread awareness of wellness and minimize the prevalence of infectious diseases in Saudi Arabia. For instance, the Centers for Disease Control and Prevention (CDC) is taking initiatives to spread awareness regarding different infectious diseases. This, in turn is expected to support the growth of the Saudi Arabia diagnostic labs market during the forecast period.

Market Segmentation

The Saudi Arabia Diagnostic Labs market is segmented based on provider type, test type, end user, company, and regional distribution. Based on provider type, the market can be split into Hospital Based and Stand Alone . Based on test type the market can be divided into Radiology and Pathology. Based on end user, the market can be segmented into referrals, walks-ins, and corporate clients.

Company Profiles

Al Borg Medical Laboratories, Delta Medical Laboratories, Al-Farabi Medical Laboratories, Alfa Medical Laboratories, Medical Diagnostic Labs, Roya Specialized Medical Laboratories, Tibyana Medical Laboratories, Al Hyatt Medical Laboratory Company, Advanced Cell Laboratory for Medical Analysis Company, Al-Arab Medical Laboratories, are among the major market players in the Saudi Arabia that lead the market growth of the Saudi Arabia Diagnostic Labs market.

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Report Scope:

In this report, Saudi Arabia Diagnostic Labs market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Saudi Arabia Diagnostic Labs Market, By Provider Type:
• Hospital Based
• Stand Alone
• Saudi Arabia Diagnostic Labs Market, By Test Type:
• Pathology
• Radiology
• Saudi Arabia Diagnostic Labs Market, By End User:
• Referrals
• Walk-ins
• Corporate Clients
• Saudi Arabia Diagnostic Labs Market, By Region:
• Northern & Central
• Western
• Southern
• Eastern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Diagnostic Labs market.

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Company Information

Detailed analysis and profiling of additional market players (up to five).