
GCC Clinical Reference Laboratory Market Research Report Forecast to 2030
Description
GCC Clinical Reference Laboratory Market Research Report Forecast to 2030
The growth of the Gulf Cooperation Council (GCC) clinical reference laboratory market is attributed to the growing prevalence of chronic disorders, increased burden of target diseases, and increasing outsourcing from hospitals. However, stringent regulatory frameworks and high costs of advanced technologies are anticipated to hamper market growth.
Clinical reference laboratories are used to support, diagnose, analysis patient care as well as used for medical research. Laboratory services are an essential part of disease diagnosis, treatment, monitoring response to treatment, disease surveillance programs, and clinical research. The clinical reference laboratory market growth witnessed a significant rise due to the accelerating demand for clinical trials owing to the growing chronic ailments among the expanding populace. Such laboratories are predicted to acquire prominence in the forecast term due to the reduced hospital budget and declining Medicare reimbursements. In addition, the increasing value-based outsourcing from hospitals is likely to augment the clinical laboratory services market share during the forecast period.
The expected growth in the market can be attributed to the growing prevalence of chronic disorders and the increased burden of target diseases. However, the market is also held back by stringent regulatory frameworks and the high costs of advanced technologies. Nevertheless, it is anticipated that the increasing outsourcing from hospitals will create lucrative opportunities for the players operating in the GCC clinical reference laboratory market.
Market Segmentation
Based on service, the Gulf Cooperation Council (GCC) clinical reference laboratory market is segmented into stand alone, hospital based, and clinic based.
Based on application, the Gulf Cooperation Council (GCC) clinical reference laboratory market has been segmented into clinical trials and laboratory medicine.
Regional Analysis
Increasing value-based outsourcing from hospitals, application of advanced automation technology in reference laboratories, and cost and time savings for hospitals and clinics due to the increase in outsourcing by independent laboratories are the key driving factors for the Gulf Cooperation Council (GCC) clinical reference laboratory market. Clinical reference laboratories have gained immense importance during the COVID-19 pandemic owing to the increasing demand for testing. Key players are focusing on collaborations for providing new lab testing services. For instance, in March 2022, GC Labs entered into a service agreement with Bio Lab in Bahrain and Biotrust in Cambodia, expanding its presence in Asia & Middle East.
Major Players
Quest Diagnostics (US), SRL Diagnostics (India), Unilabs (Switzerland), Pure Lab (UAE), Thumbay Labs (UAE), Medsol Diagnostics (UAE), Neuberg Diagnostics, and Alpha Medical Laboratory.
Companies MentionedQuest Diagnostics (US)
SRL Diagnostics (India)
Unilabs (Switzerland)
Pure Lab (UAE)
Thumbay Labs (UAE)
Medsol Diagnostics (UAE)
Neuberg Diagnostics
and Alpha Medical Laboratory
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Table of Contents
63 Pages
- 1 Executive Summary 10
- 2 Market Introduction 11
- 2.1 Definition 11
- 2.2 Scope Of The Study 11
- 2.3 Research Objective 11
- 2.4 Market Structure 11
- 2.5 Assumptions & Limitations 12
- 3 Research Methodology 13
- 3.1 Data Mining 13
- 3.2 Secondary Research 13
- 3.3 Primary Research 14
- 3.4 Breakdown Of Primary Respondents 15
- 3.5 Forecasting Techniques 16
- 3.6 Research Methodology For Market Size Estimation 17
- 3.6.1 Bottom-up Approach 18
- 3.6.2 Top-down Approach 18
- 3.7 Data Triangulation 19
- 3.8 Validation 19
- 4 Market Dynamics 20
- 4.1 Overview 20
- 4.2 Drivers 21
- 4.2.1 Growing Prevalence Of Chronic Disorders 21
- 4.2.2 Increased Burden Of Target Diseases 21
- 4.3 Restraints 22
- 4.3.1 Stringent Regulatory Framework 22
- 4.3.2 High Costs Of Advanced Technologies 22
- 4.4 Opportunities 22
- 4.4.1 Increasing Outsourcing From Hospitals 22
- 5 Market Factor Analysis 23
- 5.1 Value Chain Analysis 23
- 5.1.1 R&D 24
- 5.1.2 Post-sales Monitoring 24
- 5.2 Porter's Five Forces Model 25
- 5.2.1 Threat Of New Entrants 25
- 5.2.2 Bargaining Power Of Suppliers 26
- 5.2.3 Threat Of Substitutes 26
- 5.2.4 Bargaining Power Of Buyers 26
- 5.2.5 Intensity Of Rivalry 26
- 5.3 Impact Of Covid-19 On The Gcc Clinical Reference Laboratories Market 26
- 5.3.1 Impact On Clinical Trials 26
- 5.3.2 Impact Of Laboratory Developed Tests (Ldt) To Diagnose Covid-19 27
- 5.3.3 Impact On Test Volume, Revenue, And Staffing 27
- 6 Gcc Clinical Reference Laboratory Market, By Service 28
- 6.1 Overview 28
- 6.2 Hospitals 29
- 6.3 Stand Alone 30
- 6.4 Clinic Based 30
- 7 Gcc Clinical Reference Laboratory Market, By Application 31
- 7.1 Overview 31
- 7.2 Clinical Trials 32
- 7.3 Laboratory Medicine 33
- 8 Gcc Clinical Reference Laboratory Market, By Country 34
- 8.1 Overview 34
- 8.2 Saudi Arabia 37
- 8.3 United Arab Emirates 37
- 8.4 Kuwait 38
- 8.5 Qatar 39
- 8.6 Oman 39
- 8.7 Bahrain 40
- 8.8 Iraq 40
- 9 Competitive Landscape 41
- 9.1 Overview 41
- 9.2 Competitive Benchmarking 42
- 9.3 The Leading Player In Terms Of The Number Of Developments In The Gcc Clinical Reference Laboratory Market 43
- 9.4 Key Developments & Growth Strategies 43
- 9.4.1 Service Launches/Product Approvals 43
- 9.4.2 Partnerships & Agreements 43
- 10 Company Profiles 44
- 10.1 Unilabs 44
- 10.1.1 Company Overview 44
- 10.1.2 Financial Overview 44
- 10.1.3 Services Offered 44
- 10.1.4 Key Developments 45
- 10.1.5 Swot Analysis 45
- 10.1.6 Key Strategies 45
- 10.2 Quest Diagnostics Incorporated 46
- 10.2.1 Company Overview 46
- 10.2.2 Financial Overview 46
- 10.2.3 Services Offered 47
- 10.2.4 Key Developments 47
- 10.2.5 Swot Analysis 48
- 10.2.6 Key Strategies 48
- 10.3 Srl Diagnostics 49
- 10.3.1 Company Overview 49
- 10.3.2 Financial Overview 49
- 10.3.3 Services Offered 50
- 10.3.4 Key Developments 50
- 10.3.5 Swot Analysis 51
- 10.3.6 Key Strategies 51
- 10.4 Neuberg Diagnostics 52
- 10.4.1 Company Overview 52
- 10.4.2 Financial Overview 52
- 10.4.3 Services Offered 52
- 10.4.4 Key Developments 52
- 10.4.5 Swot Analysis 53
- 10.4.6 Key Strategies 53
- 10.5 Alpha Medical Laboratory 54
- 10.5.1 Company Overview 54
- 10.5.2 Financial Overview 54
- 10.5.3 Services Offered 54
- 10.5.4 Key Developments 54
- 10.5.5 Key Strategies 54
- 10.6 Menalabs 55
- 10.6.1 Company Overview 55
- 10.6.2 Financial Overview 55
- 10.6.3 Services Offered 55
- 10.6.4 Key Developments 55
- 10.6.5 Key Strategies 55
- 10.7 Freiburg Medical Laboratory Middle East (L.L.C) 56
- 10.7.1 Company Overview 56
- 10.7.2 Financial Overview 56
- 10.7.3 Services Offered 56
- 10.7.4 Key Developments 56
- 10.7.5 Key Strategies 57
- 10.8 Medsol Diagnostics 58
- 10.8.1 Company Overview 58
- 10.8.2 Financial Overview 58
- 10.8.3 Services Offered 58
- 10.8.4 Key Developments 58
- 10.8.5 Key Strategies 58
- 10.9 Thumbay Labs 59
- 10.9.1 Company Overview 59
- 10.9.2 Financial Overview 59
- 10.9.3 Services Offered 59
- 10.9.4 Key Developments 59
- 10.9.5 Key Strategies 59
- 10.10 Pure Lab 60
- 10.10.1 Company Overview 60
- 10.10.2 Financial Overview 60
- 10.10.3 Services Offered 60
- 10.10.4 Key Developments 60
- 10.10.5 Swot Analysis 61
- 10.10.6 Key Strategies 61
- 11 Appendix 62
- 11.1 References 62
- 11.2 Related Reports 62
- List Of Tables
- Table 1 List Of Assumptions & Limitations 12
- Table 2 Primary Interviews And Information Gathering Process 15
- Table 3 Gcc: Clinical Reference Laboratory Market, By Service, 2018–2030 (Usd Million) 29
- Table 4 Gcc: Clinical Reference Laboratory Market, For Hospitals, By Country, 2018–2030 (Usd Million) 29
- Table 5 Gcc: Clinical Reference Laboratory Market, For Stand Alone, By Country, 2018–2030 (Usd Million) 30
- Table 6 Gcc: Clinical Reference Laboratory Market, For Clinic Based, By Country, 2018–2030 (Usd Million) 30
- Table 7 Gcc: Clinical Reference Laboratory Market, For Application, By Type, 2018–2030 (Usd Million) 32
- Table 8 Gcc: Clinical Reference Laboratory Market, For Clinical Trials, By Country, 2018–2030 (Usd Million) 32
- Table 9 Gcc: Clinical Reference Laboratory Market, For Laboratory Medicine, By Country, 2018–2030 (Usd Million) 33
- Table 10 Gcc: Clinical Reference Laboratory Market, By Country, 2018–2030(Usd Million) 35
- Table 11 Gcc: Clinical Reference Laboratory Market, By Service, 2018–2030 (Usd Million) 36
- Table 12 Gcc: Clinical Reference Laboratory Market, By Application, 2018–2030 (Usd Million) 36
- Table 13 Saudi Arabia: Clinical Reference Laboratory Market, By Service, 2018–2030 (Usd Million) 37
- Table 14 Saudi Arabia: Clinical Reference Laboratory Market, By Application, 2018–2030 (Usd Million) 37
- Table 15 United Arab Emirates: Clinical Reference Laboratory Market, By Service, 2018–2030 (Usd Million) 37
- Table 16 United Arab Emirates: Clinical Reference Laboratory Market, By Application, 2018–2030 (Usd Million) 38
- Table 17 Kuwait: Clinical Reference Laboratory Market, By Service, 2018–2030 (Usd Million) 38
- Table 18 Kuwait: Clinical Reference Laboratory Market, By Application, 2018–2030 (Usd Million) 38
- Table 19 Qatar: Clinical Reference Laboratory Market, By Service, 2018–2030 (Usd Million) 39
- Table 20 Qatar: Clinical Reference Laboratory Market, By Application, 2018–2030 (Usd Million) 39
- Table 21 Oman: Clinical Reference Laboratory Market, By Service, 2018–2030 (Usd Million) 39
- Table 22 Oman: Clinical Reference Laboratory Market, By Application, 2018–2030 (Usd Million) 39
- Table 23 Bahrain: Clinical Reference Laboratory Market, By Service, 2018–2030 (Usd Million) 40
- Table 24 Bahrain: Clinical Reference Laboratory Market, By Application, 2018–2030 (Usd Million) 40
- Table 25 Iraq: Clinical Reference Laboratory Market, By Service, 2018–2030 (Usd Million) 40
- Table 26 Iraq: Clinical Reference Laboratory Market, By Application, 2018–2030 (Usd Million) 40
- Table 27 Major Players In The Gcc Clinical Reference Laboratory Market 41
- Table 28 Most Active Player In The Gcc Clinical Reference Laboratory Market 43
- Table 29 Service Launches/Product Approvals 43
- Table 30 Partnerships & Agreements 43
- Table 31 Unilabs: Services Offered 44
- Table 32 Unilabs: Key Developments 45
- Table 33 Quest Diagnostics Incorporated: Services Offered 47
- Table 34 Srl Diagnostics: Services Offered 50
- Table 35 Neuberg Diagnostics: Services Offered 52
- Table 36 Neuberg Diagnostics: Key Developments 52
- Table 37 Alpha Medical Laboratory: Services Offered 54
- Table 38 Menalabs: Services Offered 55
- Table 39 Freiburg Medical Laboratory Middle East (L.L.C): Services Offered 56
- Table 40 Medsol Diagnostics: Services Offered 58
- Table 41 Thumbay Labs: Services Offered 59
- Table 42 Pure Lab: Services Offered 60
- List Of Figures
- Figure 1 Market Synopsis 10
- Figure 2 Gulf Cooperation Council (Gcc) Clinical Reference Laboratory Market 11
- Figure 3 Bottom-up And Top-down Approaches 17
- Figure 4 Market Dynamics: Analysis Of The Gcc Clinical Reference Laboratory Market 20
- Figure 5 Driver Impact Analysis 21
- Figure 6 Restraint Impact Analysis 22
- Figure 7 Value Chain Analysis: Gcc Clinical Reference Laboratory Market 23
- Figure 8 Porter's Five Forces Analysis: Gcc Clinical Reference Laboratory Market 25
- Figure 9 Gcc Clinical Reference Laboratory Market, By Service, 2021 & 2030 (Usd Million) 28
- Figure 10 Gcc: Clinical Reference Laboratory Market, By Application, 2021 & 2030 (Usd Million) 31
- Figure 11 Gcc Clinical Reference Laboratory Market, By Country 2021 & 2030 (Usd Million) 35
- Figure 12 Gcc: Clinical Reference Laboratory Market Share (%), By Country 2021 36
- Figure 13 Benchmarking Of Major Competitors 42
- Figure 14 Unilabs: Swot Analysis 45
- Figure 15 Quest Diagnostics Incorporated: Financial Overview Snapshot 46
- Figure 16 Quest Diagnostics Incorporated: Swot Analysis 48
- Figure 17 Srl Diagnostics: Financial Overview Snapshot 49
- Figure 18 Srl Diagnostics: Swot Analysis 51
- Figure 19 Neuberg Diagnostics: Swot Analysis 53
- Figure 20 Pure Lab: Swot Analysis 61
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