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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Attribute

Details

Market size value in 2021

USD 1546.81 Million

Revenue Forecast in 2027

USD 2339.67 Million

Growth Rate

6.79%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Provider Type

·         Test Type

·         End User

Regional Scope

Northern & Central, Western, Southern, Eastern

Key Companies Profiled

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

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

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.

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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Diagnostic Labs Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Affecting Choice of Diagnostic Laboratory

5.3.  Preference Among Population, By Provider Type

6.    Saudi Arabia Diagnostic Labs Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Provider Type (Hospital Based v/s Stand Alone)

6.2.2.     By Test Type (Radiology v/s Pathology)

6.2.3.     By End User (Referrals, Walk-ins, Corporate Clients)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Product Market Map

6.3.1.     By Provider Type

6.3.2.     By Test Type

6.3.3.     By Region

7.    Saudi Arabia Hospital Based Diagnostic Labs Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Test Type

7.2.2.     By End User

8.    Saudi Arabia Stand Alone Diagnostic Labs Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Test Type

8.2.2.     By End User

9.    Market Dynamics

9.1.     Drivers

9.2.     Challenges

10.  Market Trends & Developments

11.  Policy and Regulatory Landscape

12.  Saudi Arabia Economic Profile

13.  Digitalization Across Laboratories in Saudi Arabia

14.  List of Diagnostic Labs in Saudi Arabia, By Region

15.  Pricing Analysis of Different Tests Offered by Top Five Players

16.  Competitive Landscape

16.1.    Competition Outlook

16.2.    Company Profiles

16.2.1.  Al Borg Medical Laboratories

16.2.2.  Delta Medical Laboratories

16.2.3.  Al-Farabi Medical Laboratories

16.2.4.  Alfa Medical Laboratories

16.2.5.  Medical Diagnostic Labs

16.2.6.  Roya Specialized Medical Laboratories

16.2.7.  Tibyana Medical Laboratories

16.2.8.  Al Hyatt Medical Laboratory Company

16.2.9.  Advanced Cell Laboratory for Medical Analysis Company

16.2.10. Al-Arab Medical Laboratories

17.  Strategic Recommendations

18.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • Figure 1: Saudi Arabia Diagnostic Labs Market Size, By Value (USD Million), 2017-2027F

    Figure 2: Saudi Arabia Diagnostic Labs Market Share, By Provider Type, By Value, 2017-2027F

    Figure 3: Saudi Arabia Diagnostic Labs Market Share, By Test Type, By Value, 2017-2027F

    Figure 4: Saudi Arabia Diagnostic Labs Market Share, By End User, By Value, 2017-2027F

    Figure 5: Saudi Arabia Diagnostic Labs Market Share, By Region, By Value, 2017-2027F

    Figure 6: Saudi Arabia Diagnostic Labs Market Share, By Company, By Value, 2021

    Figure 7: Saudi Arabia Diagnostic Labs Market Map, By Provider Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 8: Saudi Arabia Diagnostic Labs Market Map, By Test Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 9: Saudi Arabia Diagnostic Labs Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 10: Saudi Arabia Hospital Based Diagnostic Labs Market Size, By Value (USD Million), 2017-2027F

    Figure 11: Saudi Arabia Hospital Based Diagnostic Labs Market Share, By Test Type, By Value, 2017-2027F

    Figure 12: Saudi Arabia Diabetes Estimates in Thousands (20-79Y), 2011, 2021, 2030, 2045

    Figure 13: Saudi Arabia Hospital Based Diagnostic Labs Market Share, By End User, By Value, 2017-2027F

    Figure 14: Saudi Arabia Geriatric Population (Aged 65 & Above) As a Percent of Total Population, 2016-2020

    Figure 15: Saudi Arabia Stand Alone Diagnostic Labs Market Size, By Value (USD Million), 2017-2027F

    Figure 16: Saudi Arabia Stand Alone Diagnostic Labs Market Share, By Test Type, By Value, 2017-2027F

    Figure 17: Total Number of Hospitals in Saudi Arabia, 2015-2020

    Figure 18: Saudi Arabia Stand Alone Diagnostic Labs Market Share, By End User, By Value, 2017-2027F

    List of Tables:

    Table 1: Saudi Arabia Covid 19 Scenario as of 5th January 2022

    Table 2: Documents Format for Detailed Statement

    Table 3: Table of Financial Compensation

    Table 4: Telehealth Applications Available in Saudi Arabia During the COVID-19 Pandemic

    Table 5: Saudi Arabia Evolution of Digital Health

    Table 6: List of Diagnostic Labs in Saudi Arabia, By Northern & Central Region

    Table 7: List of Diagnostic Labs in Saudi Arabia, By Western Region

    Table 8: List of Diagnostic Labs in Saudi Arabia, By Southern Region

    Table 9: List of Diagnostic Labs in Saudi Arabia, By Eastern Region

    Table 10: Pricing Analysis of Different Tests Offered by Top Five Players in USD