Saudi Arabia In Vitro Diagnostics Market, By Product (Instruments, Reagents, Software & Services), By Technology (Immunoassay, Hematology, Clinical Chemistry, Molecular Diagnostics, Microbiology, Others), By Application (Infectious Diseases, Diabetes, Oncology, Cardiology, Nephrology, Others), By End User (Hospitals & Clinics, Diagnostic Centers & Laboratories, Others), By Region, Competition Forecast & Opportunities, 2027
August 1, 2022
TechSci Research
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Saudi Arabia In Vitro Diagnostics Market, By Product (Instruments, Reagents, Software & Services), By Technology (Immunoassay, Hematology, Clinical Chemistry, Molecular Diagnostics, Microbiology, Others), By Application (Infectious Diseases, Diabetes, Oncology, Cardiology, Nephrology, Others), By End User (Hospitals & Clinics, Diagnostic Centers & Laboratories, Others), By Region, Competition Forecast & Opportunities, 2027
Abstract Saudi Arabia In Vitro Diagnostics market is anticipated to grow at a formidable rate in the forecast period, 2023-2027. The rising awareness among the consumers about the benefits of early healthcare diagnostics and preventive practices and the growing healthcare industry are the primary drivers for the Saudi Arabia In Vitro Diagnostics market. With the availability of high-quality healthcare services, consumers are able to avail expert medical care for obesity, cardiovascular diseases, asthma, and other conditions, which is creating more demand for diagnosis. The government offers all its citizens free public healthcare services because it is recognized as a "right" of its citizens. Insurance coverage is also given to those employed in the private sector to make healthcare services accessible to all the Saudi residents. Every year, a large number of pilgrims travel to Makkah to visit the Holy Mosque, and the government offers free medical care at its Ministry of Health (MOH) facilities to tourists. To ensure that all resident citizens have access to high-quality services, medical test and diagnosis facilities, and government authorities, reimbursement facilities are offered to patients who utilize healthcare sector benefits. Besides, market players are making huge investments to expand their product portfolio ans services Saudi Arabia In vitro diagnostics market is segmented on the basis of product, technology, application, end user, regional distribution, and company. Based on the product, the market is divided into instruments, reagents, software & services. Reagents are expected to hold the largest market share in the forecast period, 2023-2027. The availability of a wide variety of reagents and the demand for accurate, expedient, and quick diagnosis of genetic disorders and chronic diseases in their early stages are driving the segment demand. Major market players operating in the Saudi Arabia In Vitro diagnostics market are Altona Diagnostics GmbH, Beckman Coulter, Inc., Siemens Healthineers AG, OncoDNA SA, Vela Diagnostics (Nile Science Corporation), Abbott Laboratories, Inc., Becton, Dickinson, and Company, F. Hoffmann-La Roche AG, Thermo Fischer Scientific, Inc., Sysmex Corporation. Years considered for this report: Historical Years: 2017-2020 Base Year: 2021 Estimated Year: 2022 Forecast Period: 2023–2027
Objective of the Study: •To analyze the historical growth in the market size of the In Vitro Diagnostics from 2017 to 2021. •To estimate and forecast the market size of In Vitro Diagnostics market from 2023 to 2027 and growth rate until 2027. •To classify and forecast the In Vitro Diagnostics market based on product, technology, application, end user, region, and company. •To identify the dominant region or segment in the In Vitro Diagnostics market. •To identify drivers and challenges for the In Vitro Diagnostics market. •To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the In Vitro Diagnostics market. •To identify and analyze the profiles of leading players operating in the In Vitro Diagnostics market. •To identify key sustainable strategies adopted by market players in In Vitro Diagnostics market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the presence of all major players across the country. TechSci Research calculated the market size of the In Vitro Diagnostics market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience: •Market research and consulting firms •Government bodies such as regulating authorities and policy makers •Organizations, forums, and alliances The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope: In this report, Saudi Arabia In Vitro Diagnostics market has been segmented into following categories, in addition to the industry trends which have also been detailed below: •Saudi Arabia In Vitro Diagnostics Market, By Product: oInstruments oReagents oSoftware & Services •Saudi Arabia In Vitro Diagnostics Market, By Technology: oImmunoassay oHematology oClinical Chemistry oMolecular Diagnostics oMicrobiology oOthers •Saudi Arabia In Vitro Diagnostics Market, By Application: oInfectious Diseases oDiabetes oOncology oCardiology oNephrology oOthers •Saudi Arabia In Vitro Diagnostics Market, By End User: oHospitals & Clinics oDiagnostic Centers & Laboratories oOthers •Saudi Arabia In Vitro Diagnostics Market, By Region: oNorthern & Central oSouthern oEastern oWestern Competitive Landscape
Company Profiles:Detailed analysis of the major companies present in Saudi Arabia In Vitro Diagnostics 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).
Content Table of Contents
1.Product Overview 2.Research Methodology 3.Impact of COVID-19 on Saudi Arabia In Vitro Diagnostics Market 4.Executive Summary 5.Voice of Customer 6.Saudi Arabia In Vitro Diagnostics Market Outlook 6.1.Market Size & Forecast 6.1.1.By Value 6.2.Market Share & Forecast 6.2.1.By Product (Instruments, Reagents, Software & Services) 6.2.2.By Technology (Immunoassay, Hematology, Clinical Chemistry, Molecular Diagnostics, Microbiology, Others) 6.2.3.By Application (Infectious Diseases, Diabetes, Oncology, Cardiology, Nephrology, Others) 6.2.4.By End User (Hospitals & Clinics, Diagnostic Centers & Laboratories, Others) 6.2.5.By Company (2021) 6.3.Product Market Map 7.Saudi Arabia Immunoassay Market Outlook 7.1.Market Size & Forecast 7.1.1.By Value 7.2.Market Share & Forecast 7.2.1.By Product 7.2.2.By End User 8.Saudi Arabia Hematology Market Outlook 8.1.Market Size & Forecast 8.1.1.By Value 8.2.Market Share & Forecast 8.2.1.By Product 8.2.2.By End User 9.Saudi Arabia Clinical Chemistry Market Outlook 9.1.Market Size & Forecast 9.1.1.By Value 9.2.Market Share & Forecast 9.2.1.By Product 9.2.2.By End User 10.Saudi Arabia Molecular Diagnostics Market Outlook 10.1.Market Size & Forecast 10.1.1.By Value 10.2.Market Share & Forecast 10.2.1.By Product 10.2.2.By End User 11.Saudi Arabia Microbiology Market Outlook 11.1.Market Size & Forecast 11.1.1.By Value 11.2.Market Share & Forecast 11.2.1.By Product 11.2.2.By End User 12.Market Dynamics 12.1.Drivers 12.2.Challenges 13.Market Trends & Developments 14.Policy & Regulatory Landscape 15.Saudi Arabia Economic Profile 16.Competitive Landscape 16.1.Altona Diagnostics GmbH 16.2.Beckman Coulter, Inc. 16.3.Siemens Healthineers AG 16.4.OncoDNA SA 16.5.Vela Diagnostics (Nile Science Corporation) 16.6.Abbott Laboratories, Inc. 16.7.Becton, Dickinson, and Company 16.8.F. Hoffmann-La Roche AG 16.9.Thermo Fischer Scientific, Inc. 16.10.Sysmex Corporation 17.Strategic Recommendations
Saudi Arabia In Vitro Diagnostics market is anticipated to grow at a formidable rate in the forecast period, 2023-2027. The rising awareness among the consumers about the benefits of early healthcare diagnostics and preventive practices and the growing healthcare industry are the primary drivers for the Saudi Arabia In Vitro Diagnostics market. With the availability of high-quality healthcare services, consumers are able to avail expert medical care for obesity, cardiovascular diseases, asthma, and other conditions, which is creating more demand for diagnosis. The government offers all its citizens free public healthcare services because it is recognized as a "right" of its citizens. Insurance coverage is also given to those employed in the private sector to make healthcare services accessible to all the Saudi residents. Every year, a large number of pilgrims travel to Makkah to visit the Holy Mosque, and the government offers free medical care at its Ministry of Health (MOH) facilities to tourists. To ensure that all resident citizens have access to high-quality services, medical test and diagnosis facilities, and government authorities, reimbursement facilities are offered to patients who utilize healthcare sector benefits. Besides, market players are making huge investments to expand their product portfolio ans services Saudi Arabia In vitro diagnostics market is segmented on the basis of product, technology, application, end user, regional distribution, and company. Based on the product, the market is divided into instruments, reagents, software & services. Reagents are expected to hold the largest market share in the forecast period, 2023-2027. The availability of a wide variety of reagents and the demand for accurate, expedient, and quick diagnosis of genetic disorders and chronic diseases in their early stages are driving the segment demand. Major market players operating in the Saudi Arabia In Vitro diagnostics market are Altona Diagnostics GmbH, Beckman Coulter, Inc., Siemens Healthineers AG, OncoDNA SA, Vela Diagnostics (Nile Science Corporation), Abbott Laboratories, Inc., Becton, Dickinson, and Company, F. Hoffmann-La Roche AG, Thermo Fischer Scientific, Inc., Sysmex Corporation. Years considered for this report: Historical Years: 2017-2020 Base Year: 2021 Estimated Year: 2022 Forecast Period: 2023–2027
Objective of the Study: •To analyze the historical growth in the market size of the In Vitro Diagnostics from 2017 to 2021. •To estimate and forecast the market size of In Vitro Diagnostics market from 2023 to 2027 and growth rate until 2027. •To classify and forecast the In Vitro Diagnostics market based on product, technology, application, end user, region, and company. •To identify the dominant region or segment in the In Vitro Diagnostics market. •To identify drivers and challenges for the In Vitro Diagnostics market. •To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the In Vitro Diagnostics market. •To identify and analyze the profiles of leading players operating in the In Vitro Diagnostics market. •To identify key sustainable strategies adopted by market players in In Vitro Diagnostics market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the presence of all major players across the country. TechSci Research calculated the market size of the In Vitro Diagnostics market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience: •Market research and consulting firms •Government bodies such as regulating authorities and policy makers •Organizations, forums, and alliances The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope: In this report, Saudi Arabia In Vitro Diagnostics market has been segmented into following categories, in addition to the industry trends which have also been detailed below: •Saudi Arabia In Vitro Diagnostics Market, By Product: oInstruments oReagents oSoftware & Services •Saudi Arabia In Vitro Diagnostics Market, By Technology: oImmunoassay oHematology oClinical Chemistry oMolecular Diagnostics oMicrobiology oOthers •Saudi Arabia In Vitro Diagnostics Market, By Application: oInfectious Diseases oDiabetes oOncology oCardiology oNephrology oOthers •Saudi Arabia In Vitro Diagnostics Market, By End User: oHospitals & Clinics oDiagnostic Centers & Laboratories oOthers •Saudi Arabia In Vitro Diagnostics Market, By Region: oNorthern & Central oSouthern oEastern oWestern Competitive Landscape
Company Profiles:Detailed analysis of the major companies present in Saudi Arabia In Vitro Diagnostics 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).
Table of Contents
1.Product Overview 2.Research Methodology 3.Impact of COVID-19 on Saudi Arabia In Vitro Diagnostics Market 4.Executive Summary 5.Voice of Customer 6.Saudi Arabia In Vitro Diagnostics Market Outlook 6.1.Market Size & Forecast 6.1.1.By Value 6.2.Market Share & Forecast 6.2.1.By Product (Instruments, Reagents, Software & Services) 6.2.2.By Technology (Immunoassay, Hematology, Clinical Chemistry, Molecular Diagnostics, Microbiology, Others) 6.2.3.By Application (Infectious Diseases, Diabetes, Oncology, Cardiology, Nephrology, Others) 6.2.4.By End User (Hospitals & Clinics, Diagnostic Centers & Laboratories, Others) 6.2.5.By Company (2021) 6.3.Product Market Map 7.Saudi Arabia Immunoassay Market Outlook 7.1.Market Size & Forecast 7.1.1.By Value 7.2.Market Share & Forecast 7.2.1.By Product 7.2.2.By End User 8.Saudi Arabia Hematology Market Outlook 8.1.Market Size & Forecast 8.1.1.By Value 8.2.Market Share & Forecast 8.2.1.By Product 8.2.2.By End User 9.Saudi Arabia Clinical Chemistry Market Outlook 9.1.Market Size & Forecast 9.1.1.By Value 9.2.Market Share & Forecast 9.2.1.By Product 9.2.2.By End User 10.Saudi Arabia Molecular Diagnostics Market Outlook 10.1.Market Size & Forecast 10.1.1.By Value 10.2.Market Share & Forecast 10.2.1.By Product 10.2.2.By End User 11.Saudi Arabia Microbiology Market Outlook 11.1.Market Size & Forecast 11.1.1.By Value 11.2.Market Share & Forecast 11.2.1.By Product 11.2.2.By End User 12.Market Dynamics 12.1.Drivers 12.2.Challenges 13.Market Trends & Developments 14.Policy & Regulatory Landscape 15.Saudi Arabia Economic Profile 16.Competitive Landscape 16.1.Altona Diagnostics GmbH 16.2.Beckman Coulter, Inc. 16.3.Siemens Healthineers AG 16.4.OncoDNA SA 16.5.Vela Diagnostics (Nile Science Corporation) 16.6.Abbott Laboratories, Inc. 16.7.Becton, Dickinson, and Company 16.8.F. Hoffmann-La Roche AG 16.9.Thermo Fischer Scientific, Inc. 16.10.Sysmex Corporation 17.Strategic Recommendations