Technological advancements in medical sector are driving the growth of the Saudi Arabia Genetic Testing Market, in the forecast period, 2023-2027F.
According to TechSci Research report on, “Saudi Arabia Genetic Testing Market – By Region, Competition Forecast & Opportunities, 2027”, Saudi Arabia genetic testing market is anticipated to grow with an impressive CAGR in the forecast period, 2023-2027 on the account of increasing technological advancement in the healthcare sector. Increasing investments in the innovative product development, along with advanced testing tools and kits for the better analysis further drives the growth of the Saudi Arabia genetic testing market in the upcoming five years.
Moreover, increasing instances of genetic diseases like sickle cell anemia, thalassemia, Huntington’s disease, cancer, etc. the growth of Saudi Arabia genetic testing market is anticipated in the next five years. Increasing instances of infectious diseases and evolution of microorganisms that cause severity of the infectious diseases further enhances the research and product development. These factors further support the growth of the Saudi Arabia genetic testing market in the future five years.
Surge in the demand for genetic drugs, and personalized medicine also substantiate the growth of the Saudi Arabia genetic testing market in the future five years. Furthermore, growing geriatric population, increasing research and technological advancement in the pharmaceutical sector, development of genetically modified drugs, and thus prepared personalized medicine is further anticipated to aid the growth of the Saudi Arabia genetic testing market in the forecast years, until 2027.
Government is actively investing in the healthcare sector and research for the development of the innovative product development such that best possible patient care can be provided. Increasing foreign investments in the healthcare infrastructure further substantiate the growth of the Saudi Arabia genetic testing market in the forecast period.
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The Saudi Arabia genetic testing market is segmented by type, disease, technology, service providers, competitional landscape, and regional distribution.
Based on type, the market is further bifurcated into carrier testing, diagnostic testing, new-born screening, predictive & pre-symptomatic testing, prenatal testing, and others. Diagnostic testing may hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing demands for the early and effective diagnosis of the chronic diseases.
New-born screening may register significant shares of the market due to increasing concerns among the population regarding genetic diseases. Screening and analysis of the diseases at birth allows parents to start treatment at earliest for the child.
On the basis of disease, the market segment is fragmented into sickle cell anemia, thalassemia, Huntington’s disease, cancer, and others. Cancer sub-segment is anticipated to hold the largest revenue share of the market and dominate the market segment in the upcoming five years on the grounds of increasing instances of cancer among the population of the country.
Moreover, rapidly increasing cases of cancer among the newborn population due to genetic mutations and other environmental factors further support the growth of the Saudi Arabia genetic testing market in the next five years. Increasing instances of sickle cell anemia due to lack of iron in blood among the children is a major factor behind substantial growth of the sub-segment and the growth of the Saudi Arabia genetic testing market in the future five years.
Market segments on the basis of technology, is further fragmented into cytogenetic testing, biochemical testing, and molecular testing. Cytogenetic testing is the study and analysis of the chromosomes and their structures. Difference in the functions of the cells due to chromosomal abnormalities are analyzed in the cytogenetic testing. It involves the testing of cells in a sample of blood, tissue, amniotic fluid, bone marrow, or cerebrovascular fluid, etc.
Abnormalities in the enzymatic structure, function, or presence and absence of enzymes is studied and analyzed under biochemical testing. Molecular testing is majorly dependent on the testing of the molecular structure and functions of the microbes and pathogens that cause various diseases. Some of the examples include, Reverse Transcription Polymerase Chain Reaction (RT-PCR), Nucleic Acid Amplification Test (NAAT).
A partial list of major market players of the Saudi Arabia genetic testing market includes:
- Anwa Medical Labs
- NoorDX
- Scientific Laboratories Alliance Company Ltd.
- ELAJ Group
- Genetrack Biolabs
- Johnson & Johnson
- OncoDNA-International Medical Center
- Baylor Genetics-King Faisal Specialist Hospital – Saudi Diagnostic Limited
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“Clinical and metabolic specialists are anticipated to hold the largest revenue in terms of highest demands for the services and the availability of them. Rapidly growing healthcare infrastructure along with the increasing investment in the technological advancement of the genetic testing kits is further anticipated to support the growth of the Saudi Arabia genetic testing market in the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Genetic Testing Market By Type (Carrier Testing, Diagnostic Testing, New-born Screening, Predictive & Pre-symptomatic Testing, Prenatal Testing, Others), By Disease (Sickle Cell Anemia, Thalassemia, Huntington’s Disease, Cancer, Others), By Technology (Cytogenetic Testing, Biochemical Testing, Molecular Testing), By Service Providers (Clinical & Metabolic Specialists, Genetic Counsellors, Diagnostic Laboratories, Hospitals), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Saudi Arabia genetic testing market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia genetic testing market.
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