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:
- 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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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).
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