Saudi Arabia Diagnostic Labs Market to Grow at a CAGR of 6.79% During the Forecast Period
Increasing prevalence of diseases and concern about health is driving the growth in Saudi Arabia diagnostic labs market in the forecast period, 2023-2027. According to TechSci Research report, “ 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” The Saudi Arabia Diagnostic Labs market stood at USD1546.81 million in 2021 and is expected to grow at a steady CAGR of 6.79% during the forecast period on account of growing prevalence of diseases. The growing prevalence of chronic and infectious diseases such as cancer, cardiovascular diseases, gastrointestinal disorders, renal disorders, and urological problems have significantly boosted the diagnostic labs market in Saudi Arabia. According to the Ministry of Health, as of 2021, the total number of COVID-19 lab tests conducted in S...