Saudi Arabia Ai-based Clinical Trials Solution Provider Market Size & Outlook
Saudi Arabia ai-based clinical trials solution provider market, 2018-2030 (US$M)
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Saudi Arabia ai-based clinical trials solution provider market highlights
- The Saudi Arabia ai-based clinical trials solution provider market generated a revenue of USD 14.0 million in 2021 and is expected to reach USD 84.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 22.1% 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.
Ai-based clinical trials solution provider market data book summary
| Market revenue in 2021 | USD 14.0 million |
| Market revenue in 2030 | USD 84.4 million |
| Growth rate | 22.1% (CAGR from 2021 to 2030) |
| Largest segment | Oncology |
| Fastest growing segment | CVD |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Saudi Arabia accounted for 1.1% of the global ai-based clinical trials solution provider market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa ai-based clinical trials solution provider market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 47.6 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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Saudi Arabia 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 22.86% in 2021. Horizon Databook has segmented the Saudi Arabia 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.
The macroeconomic stability provided by Saudi Arabia is one of the significant factors expected to boost the penetration of pharmaceutical companies for conducting clinical trials in the country. This would help in increasing adoption of AI-based solutions for better clinical research management and results.
Owing to these factors, Saudi Arabia is one of the most lucrative countries in the Middle East for clinical trials. It has the one of largest number of hospitals and primary health centers in the region. With higher number of nurses, physicians and healthcare staff, the country stands among the leading countries in the region in terms of health resources.
Moreover, major upcoming projects aim at developing hospitals, such as King Khalid Medical City, King Faisal Medical City, and King Abdullah Medical City, which is expected to increase research facilities. This is expected to create growth opportunities for market players in Saudi Arabia.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia ai-based clinical trials solution provider market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ai-based clinical trials solution provider market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia artificial intelligence based clinical trials solution provider market size, by therapeutic applications, 2018-2030 (US$M)
Saudi Arabia AI-based Clinical Trials Solution Provider Market Share, 2021 & 2030 (US$M)
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