South Africa Ai-based Clinical Trials Solution Provider Market Size & Outlook
South Africa ai-based clinical trials solution provider market, 2018-2030 (US$M)
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South Africa ai-based clinical trials solution provider market highlights
- The South Africa ai-based clinical trials solution provider market generated a revenue of USD 22.0 million in 2021 and is expected to reach USD 134.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 22.3% 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 22.0 million |
| Market revenue in 2030 | USD 134.8 million |
| Growth rate | 22.3% (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, South Africa accounted for 1.7% 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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South 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 23.64% in 2021. Horizon Databook has segmented the South 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.
The South Africa AI-based clinical trials solution providers market is expected to witness growth owing to presence of well-established infrastructure, diverse population, easy availability of experts, formation of separate drug regulatory agency, and easy patient recruitment.
In order to accelerate drug registration process, a new drug regulatory agency named South African Health Products Regulatory Authority (SAHPRA) was established in August 2013. These factors are anticipated to increase the adoption of technologically advanced solutions for management of clinical trials.
In addition, presence of global companies in the country that provide advanced solutions for ongoing as well as other clinical research is fueling market growth. For instance, Medidata, a global company providing AI-based clinical trial management platform, has presence in the country through worldwide product sales and support.
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Target buyers of South 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ai-based clinical trials solution provider market, including forecasts for subscribers. This country databook contains high-level insights into South Africa ai-based clinical trials solution provider market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa artificial intelligence based clinical trials solution provider market size, by therapeutic applications, 2018-2030 (US$M)
South Africa AI-based Clinical Trials Solution Provider Market Share, 2021 & 2030 (US$M)
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