Middle East & Africa Ai In Oncology Market Size & Outlook
Middle East & Africa ai in oncology market, 2018-2030 (US$M)
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MEA ai in oncology market highlights
- The MEA ai in oncology market generated a revenue of USD 165.6 million in 2023.
- The market is expected to grow at a CAGR of 31% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 165.6 million |
| Market revenue in 2030 | USD 1,096.4 million |
| Growth rate | 31% (CAGR from 2023 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Software Solutions |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software Solutions, Hardware, Services |
| Key market players worldwide | International Business Machines Corp, Siemens Healthineers AG ADR, Intel Corp, GE HealthCare Technologies Inc Common Stock, NVIDIA Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.9% of the global ai in oncology market in 2023.
- 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 4,853.2 million by 2030.
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AI In Oncology Market Scope
AI In Oncology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa ai in oncology 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 oncology market will help companies and investors design strategic landscapes.
Software solutions was the largest segment with a revenue share of 49.52% in 2023. Horizon Databook has segmented the Middle East & Africa ai in oncology market based on software solutions, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing cancer prevalence and growing awareness are boosting the demand for integrating AI powered algorithms in their solutions. The incidence of cancer is rapidly increasing owing to various factors such as a sedentary lifestyle, poor eating habits, and physical inactivity.
Rapid advancements in digital technology owing to partnerships between government, industry players, and other investors in the healthcare ecosystem are boosting the market growth in MEA. The rising prevalence of chronic conditions such as cancer in the region and the increasing geriatric population are some of the factors driving the market in MEA.
However, the high cost of these technologies and low adoption of technological solutions, as well as a lack of trained personnel, are likely to impede market growth. , in July 2023, Lunit collaborated with Seha Virtual Hospital in Saudi Arabia to offer AI-based cancer solutions to advance the hospital’s cancer therapy.
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Our clientele includes a mix of ai in oncology market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ai in oncology market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ai in oncology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ai in oncology market size, by country, 2018-2030 (US$M)
Middle East & Africa AI In Oncology Market Outlook Share, 2023 & 2030 (US$M)
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