Saudi Arabia Ai In Healthcare Market Size & Outlook
Saudi Arabia ai in healthcare market, 2016-2030 (US$M)
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Saudi Arabia ai in healthcare market highlights
- The Saudi Arabia ai in healthcare market generated a revenue of USD 22.8 million in 2023 and is expected to reach USD 191.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 35.5% from 2024 to 2030.
- In terms of segment, software solutions was the largest revenue generating component in 2023.
- Software Solutions is the most lucrative component segment registering the fastest growth during the forecast period.
Ai in healthcare market data book summary
| Market revenue in 2023 | USD 22.8 million |
| Market revenue in 2030 | USD 191.3 million |
| Growth rate | 35.5% (CAGR from 2023 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Software Solutions |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Services, Software Solutions |
| Key market players worldwide | Microsoft Corp, International Business Machines Corp, Alphabet Inc Class A, NVIDIA Corp, Intel Corp, GE Aerospace, Medtronic PLC, Oracle Corp, Medidata, Merck KGaA, IQVIA Holdings Inc, Itrex Group |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.1% of the global ai in healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia ai in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 191.3 million by 2030.
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AI In Healthcare Market Scope
AI In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia ai in healthcare 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 in healthcare market will help companies and investors design strategic landscapes.
Software solutions was the largest segment with a revenue share of 36.4% in 2023. Horizon Databook has segmented the Saudi Arabia ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
The 2016 PwC survey has reported willingness of Middle Eastern countries to adopt AI and robots for their healthcare needs. According to reports, 55% people in Saudi & Qatar and 50% people in the UAE are ready to undergo minor surgical procedures performed by a robot.
Healthcare experts need to realize how robotics and AI can work with them in a medical locale as well as all through the healthcare ecosystem and be free to switch. The private sector building robotics and AI need to build solutions to resolve big problems of resource and demand faced by the healthcare system.
Furthermore, the introduction of Saudi Arabia's Vision 2030 has resulted in major growth in the use of Artificial Intelligence (AI). The goal of Saudi Arabia's quality-driven Vision 2030 is to make it one of the world's most effective nations in terms of healthcare. In support of the national digitalization mission, Saudi Arabia has started a number of initiatives.
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Our clientele includes a mix of ai in healthcare market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia ai in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ai in healthcare market size, by component, 2016-2030 (US$M)
Saudi Arabia AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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