Reports
Reports
Sale
The Saudi Arabia diagnostic labs market was valued at USD 1597.30 million in 2023, driven by rising adoption of advanced technologies in diagnostic services across the region. The market is expected to grow at a CAGR of 6.54% during the forecast period of 2024-2032, with the values likely to rise from USD 1701.75 million in 2024 to USD 2825.38 million by 2032.
The increasing prevalence of chronic diseases, such as diabetes, cancer, and cardiovascular diseases, among others, is primarily driving the demand for diagnostic labs in Saudi Arabia. The market is driven by an increasing rate of collaborations and strategic partnerships to improve patient outcomes in clinical settings. The rising adoption of advanced diagnostic technologies in order to attain more accurate and rapid test results has significantly favored market growth. Remote consultation, test ordering, and result delivery are becoming highly prevalent in the region. The COVID-19 pandemic fostered the increased adoption of telemedicine and home testing services in Saudi Arabia, enabling patients to access diagnostic facilities conveniently. Additionally, the increasing awareness among people about diagnostic testing and early detection of diseases has been aiding the growth of the diagnostic labs market.
Rising Adoption of Advanced Diagnostic Technologies
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, especially 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 are expected to significantly contribute to the growth of the market share in the coming years.
Growth in Strategic Partnerships to Meet Rising Saudi Arabia Diagnostic Labs Market Demand
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 privatization contract to operate and manage the 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 market demand for diagnostic labs in the region.
The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:
Key Trends | Impact |
Increased Investment in the Diagnostic Labs Sector | Improvements in healthcare infrastructure due to increased investments is leading to the adoption of advanced technologies and equipment in diagnostic labs. It aids in the expansion of the range of tests that can be performed as well as also optimizes the accuracy and efficiency of diagnostic services, thereby boosting the overall quality of healthcare in the region. |
Heightened Health Awareness Among the Public | The heightened awareness of health issues among the population is resulting in a higher demand for diagnostic services. This trend leads to more individuals seeking preventive screenings and early diagnostic tests which significantly contributes to the Saudi Arabia diagnostic labs market share. This shift also promotes a preventative approach to healthcare, thereby reducing long-term healthcare costs. |
Rise in Technological Advancements | The rising integration of advanced technologies such as artificial intelligence, machine learning, and robotic process automation in diagnostic procedures is enhancing the precision, speed, and cost-effectiveness of diagnostic tests. These advancements facilitate early disease detection and personalized medicine, ultimately improving patient outcomes and elevating the market value. |
Growing Focus on Preventive Care | The shift towards preventive healthcare directly impacts the demand for regular screenings and check-ups, augmenting the need for diagnostic labs that offer quick and accurate test results. This proactive approach helps in the early diagnosis and management of diseases and also encourages investment in technologically advanced diagnostic lab infrastructure. |
Market Breakup by Provider Type
Market Breakup by Test Type
Market Breakup by End User
Market Breakup by Region
Market Segmentation Based on Provider Type is Anticipated to Witness Substantial Growth
By provider type, the market is segmented into hospital based and stand-alone diagnostic labs. Hospital-based labs, present within the hospital premises, lead the market share driven by technological advancements in diagnostic methods and the growing healthcare needs. It plays a critical role in providing timely and accurate diagnostic information to offer patient care. On the other hand, stand-alone labs work independently and may be a part of a popular diagnostic chain in the region.
Pathology Segment is Boosting the Saudi Arabia Diagnostic Labs Market Share
On the basis of test types, the market breakup includes radiology and pathology. The rising prevalence of cancer, along with the COVID-19 outbreak, has propelled the market share of pathology in the region. Radiology helps in diagnosing and treating diseases and injuries. It includes X-rays, CT, MRI, PET scans and ultrasound. Pathology, dominates the market segment, entailing services like diagnostic screenings and biomarker analysis among others. The incorporation of artificial intelligence (AI)-driven analytical tools designed to enhance the efficiency and productivity of technicians and medical professionals in the field is elevating the market value.
Regionally, the market report includes northern and central, western, southern, and eastern parts of Saudi Arabia. Riyadh, the capital of Saudi Arabia, is located in the central part of Saudi Arabia. Major cities like Tabuk, Ha'il, and Buraidah fall in the northern or north-central region. Each regional market offers different market dynamics which can be attributed to factors such as population density, the status of healthcare infrastructure, and economic considerations. 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. The northern and central regions of Saudi Arabia are dominating the market share due to the growing population size, increasing investment in improving diagnostic facilities as part of Vision 2030 initiatives, and rising adoption of advanced diagnostic technologies in the region.
The key features of the market report include patent analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
AI-Farabi Medical Laboratories
Founded in 2010, Al-Farabi Medical Laboratories is considered one of the most advanced medical reference laboratories in the Kingdom of Saudi Arabia. It offers many medical tests in the pathology domain including tissues and cells, along with specialized services in blood science and microbiology, among others.
Alfa Medical Laboratories
Alfa laboratories offer the latest clinical laboratory testing services, including highly sophisticated techniques to foster the prevention, early assessment, and management of complex chronic diseases.
Medical Diagnostic Labs
Medical Diagnostic Laboratories (MDLAB) was founded in 2013 to provide high-quality, accurate, and low-cost diagnostic services for the detection of infectious diseases, non-infectious, cancer, genetic, immunological, and other conditions.
Roya Specialized Medical Laboratories
Ro’ya Specialized Medical Laboratories is an initiative to achieve self-sustainability supported by the Saudi Arabian government’s Vision 2030. This group of highly specialized medical laboratories is operating within the organization of King Abdulaziz University, Jeddah.
Other players in the market include AI Borg Medical Laboratories, Delta Medical Laboratories, Tibyana Medical Laboratories, AI Arab Medical Laboratories, AI Hyatt Medical Laboratory Company, and Advanced Cell Laboratory for Medical Analysis Company, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Provider Type |
|
Breakup by Test Type |
|
Breakup by End User |
|
Breakup by Region |
|
Market Dynamics |
|
Supplier Landscape |
|
Companies Covered |
|
*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.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Saudi Arabia Diagnostic Labs Market Overview
3.1 Saudi Arabia Diagnostic Labs Market Historical Value (2017-2023)
3.2 Saudi Arabia Diagnostic Labs Market Forecast Value (2024-2032)
4 Saudi Arabia Diagnostic Labs Market Landscape*
4.1 Saudi Arabia Diagnostic Labs Market: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Saudi Arabia Diagnostic Labs Market: Product Landscape
4.2.1 Analysis by Provider Type
4.2.2 Analysis by Test Type
5 Saudi Arabia Diagnostic Labs Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.2.1 Strengths
5.2.2 Weaknesses
5.2.3 Opportunities
5.2.4 Threats
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Degree of Rivalry
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Saudi Arabia Diagnostic Labs Market Segmentation (2017-2032)
6.1 Saudi Arabia Diagnostic Labs Market (2017-2032) by Provider Type
6.1.1 Market Overview
6.1.2 Hospital Based
6.1.3 Stand Alone
6.1.4 Others
6.2 Saudi Arabia Diagnostic Labs Market (2017-2032) by Test Type
6.2.1 Market Overview
6.2.2 Radiology
6.2.3 Pathology
6.3 Saudi Arabia Diagnostic Labs Market (2017-2032) by End User
6.3.1 Market Overview
6.3.2 Referral
6.3.3 Walk-ins
6.3.4 Corporate Clients
6.3.5 Others
6.4 Saudi Arabia Diagnostic Labs Market (2017-2032) by Region
6.4.1 Market Overview
6.4.2 Northern and Central
6.4.3 Western
6.4.4 Southern
6.4.5 Eastern
7 Northern and Central Diagnostic Labs Market (2017-2032)
7.1 Northern and Central Diagnostic Labs Market (2017-2032) by Provider Type
7.1.1 Market Overview
7.1.2 Hospital Based
7.1.3 Stand Alone
7.1.4 Others
7.2 Northern and Central Diagnostic Labs Market (2017-2032) by Test Type
7.2.1 Market Overview
7.2.2 Radiology
7.2.3 Pathology
7.3 Northern and Central Diagnostic Labs Market (2017-2032) by End User
7.3.1 Market Overview
7.3.2 Referral
7.3.3 Walk-ins
7.3.4 Corporate Clients
7.3.5 Others
8 Western Diagnostic Labs Market (2017-2032)
8.1 Western Diagnostic Labs Market (2017-2032) by Provider Type
8.1.1 Market Overview
8.1.2 Hospital Based
8.1.3 Stand Alone
8.1.4 Others
8.2 Western Diagnostic Labs Market (2017-2032) by Test Type
8.2.1 Market Overview
8.2.2 Radiology
8.2.3 Pathology
8.3 Western Diagnostic Labs Market (2017-2032) by End User
8.3.1 Market Overview
8.3.2 Referral
8.3.3 Walk-ins
8.3.4 Corporate Clients
8.3.5 Others
9 Southern Diagnostic Labs Market (2017-2032)
9.1 Southern Diagnostic Labs Market (2017-2032) by Provider Type
9.1.1 Market Overview
9.1.2 Hospital Based
9.1.3 Stand Alone
9.1.4 Others
9.2 Southern Diagnostic Labs Market (2017-2032) by Test Type
9.2.1 Market Overview
9.2.2 Radiology
9.2.3 Pathology
9.3 Southern Diagnostic Labs Market (2017-2032) by End User
9.3.1 Market Overview
9.3.2 Referral
9.3.3 Walk-ins
9.3.4 Corporate Clients
9.3.5 Others
10 Eastern Diagnostic Labs Market (2017-2032)
10.1 Eastern Diagnostic Labs Market (2017-2032) by Provider Type
10.1.1 Market Overview
10.1.2 Hospital Based
10.1.3 Stand Alone
10.1.4 Others
10.2 Eastern Diagnostic Labs Market (2017-2032) by Test Type
10.2.1 Market Overview
10.2.2 Radiology
10.2.3 Pathology
10.3 Eastern Diagnostic Labs Market (2017-2032) by End User
10.3.1 Market Overview
10.3.2 Referral
10.3.3 Walk-ins
10.3.4 Corporate Clients
10.3.5 Others
11 Regulatory Framework
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Funding and Investment Analysis
13.1 Analysis by Funding Instances
13.2 Analysis by Type of Funding
13.3 Analysis by Funding Amount
13.4 Analysis by Leading Players
13.5 Analysis by Leading Investors
13.6 Analysis by Geography
14 Partnership and Collaborations Analysis
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership
14.3 Analysis by Leading Players
14.4 Analysis by Geography
15 Supplier Landscape
15.1 Market Share by Top 5 Companies
15.2 AI- Farabi Medical Laboratories
15.2.1 Financial Analysis
15.2.2 Product Portfolio
15.2.3 Demographic Reach and Achievements
15.2.4 Mergers and Acquisitions
15.2.5 Certifications
15.3 Alfa Medical Laboratories
15.3.1 Financial Analysis
15.3.2 Product Portfolio
15.3.3 Demographic Reach and Achievements
15.3.4 Mergers and Acquisitions
15.3.5 Certifications
15.4 Medical Diagnostic Labs
15.4.1 Financial Analysis
15.4.2 Product Portfolio
15.4.3 Demographic Reach and Achievements
15.4.4 Mergers and Acquisitions
15.4.5 Certifications
15.5 Roya Specialized Medical Laboratories
15.5.1 Financial Analysis
15.5.2 Product Portfolio
15.5.3 Demographic Reach and Achievements
15.5.4 Mergers and Acquisitions
15.5.5 Certifications
15.6 AI Borg Medical Laboratories
15.6.1 Financial Analysis
15.6.2 Product Portfolio
15.6.3 Demographic Reach and Achievements
15.6.4 Mergers and Acquisitions
15.6.5 Certifications
15.7 Delta Medical Laboratories
15.7.1 Financial Analysis
15.7.2 Product Portfolio
15.7.3 Demographic Reach and Achievements
15.7.4 Mergers and Acquisitions
15.7.5 Certifications
15.8 Tibyana Medical Laboratories
15.8.1 Financial Analysis
15.8.2 Product Portfolio
15.8.3 Demographic Reach and Achievements
15.8.4 Mergers and Acquisitions
15.8.5 Certifications
15.9 AI Arab Medical Laboratories
15.9.1 Financial Analysis
15.9.2 Product Portfolio
15.9.3 Demographic Reach and Achievements
15.9.4 Mergers and Acquisitions
15.9.5 Certifications
15.10 AI Hyatt Medical Laboratory Company
15.10.1 Financial Analysis
15.10.2 Product Portfolio
15.10.3 Demographic Reach and Achievements
15.10.4 Mergers and Acquisitions
15.10.5 Certifications
15.11 Advanced cell Laboratory for Medical Analysis Company
15.11.1 Financial Analysis
15.11.2 Product Portfolio
15.11.3 Demographic Reach and Achievements
15.11.4 Mergers and Acquisitions
15.11.5 Certifications
16 Saudi Arabia Diagnostic Labs Market – Distribution Model (Additional Insight)
16.1 Overview
16.2 Potential Distributors
16.3 Key Parameters for Distribution Partner Assessment
17 Key Opinion Leaders (KOL) Insights (Additional Insight)
18 Company Competitiveness Analysis (Additional Insight)
18.1 Very Small Companies
18.2 Small Companies
18.3 Mid-Sized Companies
18.4 Large Companies
18.5 Very Large Companies
19 Payment Methods (Additional Insight)
19.1 Government Funded
19.2 Private Insurance
19.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
* The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.