Saudi Arabia Diagnostic Labs Market Size, Share, Analysis: By Provider Type: Hospital Based, Stand Alone; By Test Type: Radiology, Pathology; By End-User: Referral, Walk-ins, Corporate Clients, Others; Regional Analysis; Market Dynamics: Market Drivers and Constraints, SWOT Analysis, Strengths, Weaknesses, Others; Suppliers Landscape; 2024-2032

Saudi Arabia Diagnostic Labs Market Outlook

The Saudi Arabia diagnostic labs market size was valued at USD 1,652.7 million in 2023, driven by increasing prevalence of chronic diseases such as cancer across the region. The market is expected to grow at a CAGR of 6.8% during the forecast period of 2024-2032, with the values likely to rise from USD 1,791.6 million in 2024 to USD 3,032.9 million by 2032.

Key Takeaways

• Growing private and public collaborations to offer increased and improved solutions to patients is likely to boost Saudi Arabia diagnostic labs market value in the forecast period.

• Saudi Arabia ranks at 35th position in the Medical Tourism Index, with Mecca playing a pivotal role. Emerging as a prominent medical tourism spot, the diagnostic labs market share is estimated to witness a notable upswing in the forecast period.

• Telemedicine and point of care are emerging as a significant market trend.

Saudi Arabia Diagnostic Labs Market Analysis

The increasing prevalence of chronic diseases, such as diabetes, cancer, and cardiovascular diseases, among others, is primarily driving the demand for diagnostic labs. The market is driven by increasing rate of collaborations and strategic partnership to offer improved outcomes for the patients. The rising adoption of advanced diagnostic technologies in order to attain more accurate and improved outcomes of tests has significantly favoured the market growth. The increasing awareness among people about diagnostic testing and early detection of diseases through it has been aiding the Saudi Arabia diagnostic labs market growth.

Diagnostic labs in Saudi Arabia are adopting advanced technologies such as next-generation sequencing, molecular diagnostics, and digital pathology among others. In October 2023, King Faisal Specialist Hospital and Research Centre (KFSH&RC) introduced Rapid Whole-Genome Sequencing (rWGS) in their diagnostic labs. The new service is intended to help doctors diagnose genetic and rare diseases, specially in newborns. rWGS helps by reducing the average genetic testing duration from the conventional two-month timeframe to a time of less than 35 hours. Such technical advancements in prominent healthcare institutions is expected to significantly contribute to the growth of the Saudi Arabia diagnostic labs market share in the forecast period.

The growth in public and private collaborations is a notable market driver. Such partnerships facilitate increased access to diagnostic services, improve the healthcare infrastructure along with the accuracy of diagnostic services. In June 2023, the health ministry of Saudi Arabia signed a privatisation contract to operate and manage radiology department in 7 hospitals. The partnership is projected to offer increased diagnostic services access to more than 1.5 million beneficiaries in the country. The initiative is a major leap in meeting the growing Saudi Arabia diagnostic labs market demand.

The COVID-19 outbreak has also pushed focus on preventive healthcare programs, including comprehensive health screenings, wellness programs, and personalized health assessments. The market is likely to be impacted by increasing incidence of such programs. The emphasis on early disease detection is driving the market value. Telemedicine integration and point of care testing (POCT) is one of the major Saudi Arabia diagnostic labs market trends. Remote consultation, test ordering, and result delivery is becoming highly prevalent in the region. To reduce turn-around times and facilitate timely and precise decision making, point of care testing is emerging as a preferred alternative of diagnosis.

Saudi Arabia Diagnostic Labs Market Segmentation

Market Breakup by Provider Type

• Hospital Based

• Stand Alone

By provider type, the market is segmented into hospital based and stand-alone diagnostic labs. Hospital based labs are present within the hospital premises. It plays a critical role in providing timely and accurate diagnostic information to offer patient care. Stand-alone labs work independently and may be a part of a popular diagnostic chain in the region.

Market Breakup by Test Type

• Radiology

• Pathology

The rising prevalence of cancer, along with COVID-19 outbreak has propelled the Saudi Arabia diagnostic labs market share. On the basis of test types, the market breakup includes radiology and pathology. Radiology helps in diagnosing and treating diseases and injuries. It includes X-rays, CT, MRI, PET scans and ultrasound. Pathology entails services like diagnostic screenings and biomarker analysis among others.

Market Breakup by End-User

• Referral

• Walk-ins

• Corporate Clients

• Others

The end users in the market report include referrals, walk-ins, and corporate clients among others. This segment is diverse and caters to various needs of the patients. Understanding the diverse needs of consumers, diagnostic labs tailor their services to offer the best results and maintain their market position.

Market Breakup by Region

• Northern and Central

• Western

• Southern

• Eastern

Regionally, the market report includes northern and central, western, southern, and eastern parts of Saudi Arabia. The northern region holds a significant share of the market, with major cities like Riyadh (the capital), Buraidah, Ha'il, and Tabuk falling in that area. Cities like Jeddah, Mecca, Medina, and Taif, are situated along the western coast of the country. The southern region constitutes cities like Abha, Najran, and Jizan.

Saudi Arabia Diagnostic Labs Market: Competitor Landscape

The key features of the market report include partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Al-Farabi Medical Laboratories

• Alfa Medical Laboratories

• Medical Diagnostic Labs

• Roya Specialized Medical Laboratories

• Al Borg Medical Laboratories

• Delta Medical Laboratories

• Tibyana Medical Laboratories

• Al Hyatt Medical Laboratory Company

• Al-Arab Medical Laboratories

• Advanced Cell Laboratory for Medical Analysis Company

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.