Saudi Arabia diagnostic labs market
is expected to witness significant growth during the forecast period. This can
be ascribed to the growing population in the country, which is susceptible to
various diseases, especially the geriatric population. Additionally, growing
healthcare awareness among the population related to early disease diagnosis
and treatment is expected to fuel the market growth over the next few years.
Besides, various diagnostic laboratories and hospitals have started offering
special discounts and packages for getting different kinds of diagnostics test
done. Additionally, growing medical tourism across the country is further
expected to create lucrative opportunities for the market growth through 2026.
The Saudi Arabia diagnostic
labs market can be segmented by provider type, test type, end user, region, and
company. Based on provider type, the market can be split into hospital-based
diagnostic labs and stand-alone diagnostic center. The stand-alone diagnostic
center market is expected to dominate the market growth on account of their
strong presence across the country.
The major companies operating
in Saudi Arabia diagnostic labs market includes Medical Diagnostic Labs, Roya
Specialized Medical Lab, Al Borg Medical Laboratories, Al Arab Medical
Laboratories, Delta Medical Laboratories, Alpha Medical Laboratories Group, Tebyana
Laboratories, among others. Major players operating in the market are adopting
strategies such as mergers & acquisitions, collaborations, product
launches, among others in the market to stay competitive and having an edge
over the other players operating in the market.
Years
considered for this report:
Historical Years: 2016 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2026
Objective of the Study:
- To analyze the historical growth of the market
size of Saudi Arabia diagnostic labs market from 2016 to 2019.
- To estimate and forecast the market size of Saudi
Arabia diagnostic labs market from 2020 to 2026 and growth rate until
2026.
- To classify and forecast Saudi Arabia diagnostic
labs market based on provider type, test type, end user, region and
company.
- To identify dominant
region or segment in the Saudi Arabia diagnostic labs market.
- To identify drivers and challenges for Saudi
Arabia diagnostic labs market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia diagnostic labs market.
- To identify and analyze the profile of leading
players operating in Saudi Arabia diagnostic labs market.
- To identify key
sustainable strategies adopted by market players in Saudi Arabia diagnostic
labs market.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of service providers, laboratories, and hospitals
across the country. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufactures which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the service
providers, laboratories, and hospitals presence of all major players across the
country.
TechSci Research calculated the market
size of Saudi Arabia diagnostic labs market using a bottom-up approach, wherein
data for various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key
Target Audience:
- Diagnostic
Labs service providers, end users, and other stakeholders
- Distributers
and suppliers of the products and other stakeholders
- Organizations,
forums, and alliances related to diagnostic labs
- Market
research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers, laboratories and hospitals, etc., besides allowing
them in strategizing investments and capitalizing on market opportunities.
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:
o
Hospital-Based
o
Stand-alone
Center
- Saudi Arabia Diagnostic
Labs Market, By Test Type:
- Saudi Arabia Diagnostic
Labs Market, By End User:
- Corporate Clients
- Walk-ins
- Referrals
- Saudi Arabia Diagnostic
Labs Market, By Region:
- Northern & Central
- Southern
- Eastern
- Western
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia diagnostic labs market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Saudi Arabia diagnostic labs market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]