Saudi Arabia Diagnostic Labs Market Report 2022: Increasing Healthcare Expenditure by the Government & a Rise in the Number of Laboratories Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Diagnostic Labs Market, By Provider Type (Hospital Based v/s Stand Alone), By Test Type (Radiology v/s Pathology), By End User (Referrals, Walk-ins, Corporate Clients), By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabian Diagnostic Labs Market is valued at USD1546.81 million in 2021 and is expected to grow at a CAGR of 6.79% to reach a value of USD2339.67 million by 2027. Increasing healthcare expenditure by the government, rise in the number of laboratories, and surge in awareness among consumers about the benefits of preventive healthcare are the primary factors driving the demand for the Saudi Arabian Diagnostic Labs Market during the forecast period.

The rise in the efforts of the government to lower the dependency on the oil & gas industry and generate new revenue sources has led to huge investments for the development of the healthcare sector in the country. Also, owing to the increasing disposable income of the consumers, the demand for quality healthcare services is expected to grow.

People in the country are becoming aware of the ill effects of infectious diseases and are taking the help of diagnostic tests to remain healthy. Also, the rise in the geriatric population in the country who are prone to many diseases is further expected to accelerate the demand for the Saudi Arabian Diagnostic Labs Market in the forecast period.

The Saudi Arabian Diagnostic Labs Market is segmented based on provider type, test type, end-user, company, and regional distribution. Based on provider type, the market is divided into Hospital Based and Stand Alone. Hospital Based is expected to hold the largest market share in the forecast period owing to the huge footfall of patients in hospital facilities and the huge expenditure on diagnostic labs in hospitals. The presence of skilled healthcare professionals, specialized departments, and costly equipment in hospital laboratories is also driving the segmental growth.

Key Target Audience:

• Diagnostic labs service providers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to diagnostic labs market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Saudi Arabian 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

Key Topics Covered:

1. Product Overview

2. Research Methodology

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

4. Executive Summary

5. Voice of Customers

6. Saudi Arabia Diagnostic Labs Market Outlook

7. Saudi Arabia Hospital Based Diagnostic Labs Market Outlook

8. Saudi Arabia Stand Alone Diagnostic Labs Market Outlook

9. Market Dynamics

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

17. Strategic Recommendations

Companies Mentioned

• 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

For more information about this report visit https://www.researchandmarkets.com/r/gwtvp6