This Saudi Arabian in vitro diagnostics market size will be US$ 1.68 billion by 2033. Meanwhile, its share in 2024 stood at US$ 1.15 billion and is poised to grow at a compound annual growth rate of 4.30% from 2024 to 2030. The rise in this market is caused by enhanced investment in healthcare, technological innovations in diagnostic equipment, as well as the demand for earlier disease diagnosis. Expanding infrastructure in healthcare and a shift in more personalized medicine enhance the overall growth of this market within the region.
The IVD market in Saudi Arabia is growing rapidly due to increasing healthcare needs and advancements in medical technology. IVD is critical in disease prevention, early detection, and personalized treatment. For example, diagnostic tests for diabetes, cancer, and cardiovascular diseases are commonly used in healthcare facilities nationwide. The Saudi government's investment in healthcare infrastructure and its Vision 2030 plan, which aims to improve healthcare services, is driving the adoption of advanced IVD technologies, ensuring more efficient and accurate diagnostics.
April 2023 - Oxford Nanopore Technologies and bioMerieux partner to bring nanopore sequencing to infectious disease diagnostics to help improve global health outcomes.
2. PCR
3. Rapid Test
4. Fluorescence Immunoassays (FIA)
5. In Situ Hybridization
6. Transcription Mediated Amplification
7. Sequencing
8. Colorimetric Immunoassay
9. Radioimmunoassay (RIA)
10. Isothermal Nucleic Acid Amplification Technology
11. Others
2. Instruments
3. Services
2. Clinical Chemistry
3. Hematology
4. Coagulation
5. Molecular Diagnostics
6. Microbiology
7. Others
2. Danaher Corporation
3. Abbott Laboratories
4. Thermo Fischer Scientific
5. Bio-Rad Laboratories, Inc.
6. Sysmex Corporation
7. Becton
8. Biomerieux
Saudi Arabia IVD Market Outlook
In vitro diagnostics, also known as IVD, is a medical test carried out on samples obtained from the human body, including blood, urine, or tissue, to diagnose diseases, monitor health conditions, and guide treatment decisions. The tests are performed outside the human body in a laboratory or diagnostic setting. IVD includes a wide range of products, such as reagents, instruments, and consumables, used in testing for infectious diseases, chronic conditions, genetic disorders, and more.The IVD market in Saudi Arabia is growing rapidly due to increasing healthcare needs and advancements in medical technology. IVD is critical in disease prevention, early detection, and personalized treatment. For example, diagnostic tests for diabetes, cancer, and cardiovascular diseases are commonly used in healthcare facilities nationwide. The Saudi government's investment in healthcare infrastructure and its Vision 2030 plan, which aims to improve healthcare services, is driving the adoption of advanced IVD technologies, ensuring more efficient and accurate diagnostics.
Growth Driver in the Saudi Arabia IVD Market
Increasing Healthcare Investments and Infrastructure Development
Saudi Arabia's ongoing healthcare reforms, driven by its Vision 2030 plan, are a key factor fueling the growth of the in vitro diagnostics (IVD) market. The government has made huge investments in healthcare infrastructure, with new hospitals, diagnostic centers, and research facilities. These expansions have increased the demand for advanced diagnostic technologies, such as IVD devices. As the number of healthcare institutions focused on modern diagnostic solutions grows, the demand for accurate, reliable, and timely IVD testing has increased, which has led to an expansion of the market in the region. Saudi Arabia accounts for 60 percent of the Gulf Cooperation Council (GCC) countries' healthcare expenditure and ranks as a priority in spending for the Saudi Arabian Government. In 2023, it will commit an amount of $50.4 billion to health care and social development - that represents 16.96 percent of its 2023 budget and is the second most-expensive line item in budget after education.Growing incidence of Chronic Diseases
The rising prevalence of chronic diseases such as diabetes, cardiovascular diseases, and cancer in Saudi Arabia is a strong growth driver for the IVD market. These conditions are constantly monitored and diagnosed at an early stage, which in vitro diagnostics enables. With an aging population and lifestyle-related diseases on the rise, there will be a corresponding increase in the demand for diagnostic tests to manage these conditions. This increase in chronic diseases promotes the use of IVD technologies for screening, early diagnosis, and disease management.Technological Advancements and Innovation in IVD Products
Advancements in IVD products, including molecular diagnostics, point-of-care testing, and automation, are significantly changing the Saudi Arabian market. The development of more precise, faster, and economical diagnostic tools is expanding the scope of IVD applications. Introduction next generation of sequencing and digital health equipment allows for more accurate as well as personalized diagnostics resulting in better patient care outcome. This further encourages implementation across healthcare settings, boosting this market. In January 2024, Scientific & Medical Equipment House Co. entered the distribution agreement with Haier Germany to market and sell Operating Room equipment in Saudi Arabia. This partnership will enable the company to expand its customer base, as well as the scope of its portfolio of regional medical equipment agencies.Challenge in Saudi Arabia IVD Market
Regulatory and compliance challenges
A very important hurdle in Saudi Arabia IVD market is regulatory issues. According to this regulatory body in Saudi Arabia, all medical device products are to be pre-approved and registered. However, delays in approvals, stringent regulatory requirements, and the need for compliance with international standards can hinder market growth. Manufacturers must adhere to local and global certifications, which may require additional testing and documentation. These regulatory hurdles can slow the introduction of new products and increase operational costs for IVD companies.High Cost of Advanced IVD Technologies
The high cost of advanced IVD technologies is a challenge in Saudi Arabia, especially in the public healthcare sector. Private healthcare facilities may have the financial resources to invest in cutting-edge diagnostic tools, but many public hospitals need help with budget constraints. This limits the accessibility of advanced IVD solutions to a broader population. Moreover, the high costs of importing specialized IVD equipment and consumables add to the financial burden. Due to this, there is a requirement for more affordable, locally manufactured IVD products in order to increase market reach and accessibility.Saudi Arabia ELISA and CLIA Tests Market
ELISA and CLIA tests are well-positioned for growth in the Saudi Arabia IVD market. Due to the increased prevalence of chronic and infectious diseases, there is a growing need for novel diagnostic solutions. Because of their high sensitivity and specificity, these tests are essential for disease detection and monitoring. In addition, the Saudi Arabia IVD market is driven by increased healthcare expenditure, technological advancements, and the development of healthcare infrastructure, which are factors that lead to the adoption of ELISA and CLIA tests.Saudi Arabia Instrument Offerings IVD Market
The Saudi Arabia IVD market saw an increase in instrument products. Increasing healthcare spending, the rising incidence of chronic diseases, and the growing elderly population drive demand for advanced diagnostic solutions. Instruments, which include immunoassay analyzers, molecular diagnostic units, and point-of-care testing devices, are prominent for their accuracy and performance in ailment detection. Also, government projects to improve healthcare infrastructure and provide early illness analysis contribute to expanding instruments in the Saudi Arabia IVD market.Saudi Arabia Clinical Chemistry Market
The market is anticipated to enjoy a surge in clinical chemistry. With a developing burden of chronic illnesses like diabetes and cardiovascular issues, demand rises for diagnostic checks to display the patient's health. Clinical chemistry analyzers are pivotal in assessing diverse biomarkers, aiding disorder diagnosis and treatment tracking. Moreover, technological advancements enhance the accuracy and performance of those analyzers, further fueling their adoption in the Saudi Arabia IVD market.Key Players
Roche Diagnostics, Danaher Corporation, Abbott Laboratories, Thermo Fischer Scientific, Bio-Rad Laboratories, Inc., Sysmex Corporation, Becton, and Biomerieux are active in the Saudi Arabia IVD Market.April 2023 - Oxford Nanopore Technologies and bioMerieux partner to bring nanopore sequencing to infectious disease diagnostics to help improve global health outcomes.
Test Types - Market breakup in 11 viewpoints:
1. ELISA & CLIA2. PCR
3. Rapid Test
4. Fluorescence Immunoassays (FIA)
5. In Situ Hybridization
6. Transcription Mediated Amplification
7. Sequencing
8. Colorimetric Immunoassay
9. Radioimmunoassay (RIA)
10. Isothermal Nucleic Acid Amplification Technology
11. Others
Products - Market breakup in 3 viewpoints:
1. Reagents2. Instruments
3. Services
Application - Market breakup in 7 viewpoints:
1. Immunochemistry2. Clinical Chemistry
3. Hematology
4. Coagulation
5. Molecular Diagnostics
6. Microbiology
7. Others
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Roche Diagnostics2. Danaher Corporation
3. Abbott Laboratories
4. Thermo Fischer Scientific
5. Bio-Rad Laboratories, Inc.
6. Sysmex Corporation
7. Becton
8. Biomerieux
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary5. Saudi Arabia In-Vitro Diagnostics (IVD) Market
4. Market Dynamics
6. Market Share
7. Test Types
8. Products
9. Application
10. Porter's Five Forces Analysis
11. SWOT Analysis
12. Key Players Analysis
Companies Mentioned
- Roche Diagnostics
- Danaher Corporation
- Abbott Laboratories
- Thermo Fischer Scientific
- Bio–Rad Laboratories, Inc.
- Sysmex Corporation
- Becton
- Biomerieux
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | January 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 1.15 Billion |
| Forecasted Market Value ( USD | $ 1.68 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Saudi Arabia |
| No. of Companies Mentioned | 8 |
