Middle East & Africa Artificial Intelligence In Cancer Diagnostics Market Size & Outlook
Middle East & Africa artificial intelligence in cancer diagnostics market, 2018-2030 (US$M)
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MEA artificial intelligence in cancer diagnostics market highlights
- The MEA artificial intelligence in cancer diagnostics market generated a revenue of USD 3.8 million in 2023.
- The market is expected to grow at a CAGR of 27.5% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component type in 2023.
- Services is the most lucrative component type segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3.8 million |
| Market revenue in 2030 | USD 20.9 million |
| Growth rate | 27.5% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
| Key market players worldwide | Microsoft Corp, Roche Holding AG, Quest Diagnostics Inc, Medial EarlySign, CancerCenter.AI, Therapixel, Tempus, Kheiron, SkinVision |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.0% of the global artificial intelligence in cancer diagnostics 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 247.4 million by 2030.
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Artificial Intelligence In Cancer Diagnostics Market Scope
Artificial Intelligence In Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa artificial intelligence in cancer diagnostics 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 artificial intelligence in cancer diagnostics market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 47.37% in 2023. Horizon Databook has segmented the Middle East & Africa artificial intelligence in cancer diagnostics market based on software, 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 AIpowered algorithms in their solutions. The incidence of cancer is increasing rapidly owing to various factors such as 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. Rising prevalence of chronic conditions such as cancer in the region and increasing geriatric population are some of the factors driving the market in MEA.
Furthermore, favorable government initiatives for raising awareness and supporting early screening are positively supporting the market. However, high cost of these technologies and low adoption of technological solutions with lack of trained personnel are likely to impede market growth. Most of these expenses are out-of-pocket, thus patients prefer not to opt for these treatment solutions.
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Target buyers of Middle East & Africa artificial intelligence in cancer diagnostics market databook
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Our clientele includes a mix of artificial intelligence in cancer diagnostics 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 continent-level data and insights on the Middle East & Africa artificial intelligence in cancer diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa artificial intelligence in cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA artificial intelligence in cancer diagnostics market size, by country, 2018-2030 (US$M)
Middle East & Africa Artificial Intelligence In Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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