Middle East & Africa Ai-based Clinical Trials Solution Provider Market Size & Outlook
Middle East & Africa ai-based clinical trials solution provider market, 2018-2030 (US$M)
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MEA ai-based clinical trials solution provider market highlights
- The MEA ai-based clinical trials solution provider market generated a revenue of USD 68.9 million in 2021.
- The market is expected to grow at a CAGR of 19.9% from 2022 to 2030.
- In terms of segment, oncology was the largest revenue generating therapeutic applications in 2021.
- CVD is the most lucrative therapeutic applications segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 68.9 million |
| Market revenue in 2030 | USD 351.7 million |
| Growth rate | 19.9% (CAGR from 2021 to 2030) |
| Largest segment | Oncology |
| Fastest growing segment | CVD |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, CVD, Neurological Diseases or conditions, Metabolic diseases, Infectious diseases |
| Key market players worldwide | The Carlyle Group Inc, Mendel.ai, Median Technologies, SAI.TECH Global Corp, Alphabet Inc Class A, Exscientia PLC ADR |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.2% of the global ai-based clinical trials solution provider market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,944.1 million by 2030.
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AI-based Clinical Trials Solution Provider Market Scope
AI-based Clinical Trials Solution Provider Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa ai-based clinical trials solution provider market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai-based clinical trials solution provider market will help companies and investors design strategic landscapes.
Oncology was the largest segment with a revenue share of 23.37% in 2021. Horizon Databook has segmented the Middle East & Africa ai-based clinical trials solution provider market based on oncology, cvd, neurological diseases or conditions, metabolic diseases, infectious diseases covering the revenue growth of each sub-segment from 2018 to 2030.
There are advantages of conducting clinical trials in MEA such as patient diversity, cost advantage, well developed infrastructure in some countries, and availability of world-class medical facilities. The only drawback is discrepancies between laws of different countries.
Many countries are taking efforts to adapt to global standards and are collaborating with other global pharmaceutical companies to mark their presence. These factors are contributing to increase in the awareness and adoption of advanced solutions in the region for clinical research.
The number of international pharmaceutical companies for clinical research in the region has also increased in the last few years. The favorable incentive policies in various countries have attracted big pharmaceutical companies such as Pfizer, AstraZeneca, and Amgen to the region.
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Target buyers of Middle East & Africa ai-based clinical trials solution provider market databook
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Our clientele includes a mix of ai-based clinical trials solution provider market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ai-based clinical trials solution provider market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ai-based clinical trials solution provider market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA artificial intelligence based clinical trials solution provider market size, by country, 2018-2030 (US$M)
Middle East & Africa AI-based Clinical Trials Solution Provider Market Share, 2021 & 2030 (US$M)
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