South Africa Ai In Healthcare Market Size & Outlook
South Africa ai in healthcare market, 2016-2030 (US$M)
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South Africa ai in healthcare market highlights
- The South Africa ai in healthcare market generated a revenue of USD 15.3 million in 2023 and is expected to reach USD 116.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 33.6% 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 15.3 million |
| Market revenue in 2030 | USD 116.3 million |
| Growth rate | 33.6% (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, South Africa 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 |
|---|
South Africa 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 36.6% in 2023. Horizon Databook has segmented the South Africa ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.
South Africa provides a lucrative opportunity to leverage AI for good due to its large population and serious institutional shortfalls. The use of AI in healthcare is expected expedite development of solutions to major problems such as low quality of education and access to healthcare in African countries.
The opportunities for using AI in healthcare in South Africa are numerous. There are lesser governing bottlenecks about patient data secrecy in comparison with other regions. In addition, the use of AI in pharmacogenomics would be very interesting due to its diverse genetic population.
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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 South Africa ai in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ai in healthcare market size, by component, 2016-2030 (US$M)
South Africa AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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