South Africa Artificial Intelligence In Cancer Diagnostics Market Size & Outlook
South Africa artificial intelligence in cancer diagnostics market, 2018-2030 (US$M)
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South Africa artificial intelligence in cancer diagnostics market highlights
- The South Africa artificial intelligence in cancer diagnostics market generated a revenue of USD 0.3 million in 2023 and is expected to reach USD 1.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 28% 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.
Artificial intelligence in cancer diagnostics market data book summary
| Market revenue in 2023 | USD 0.3 million |
| Market revenue in 2030 | USD 1.7 million |
| Growth rate | 28% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 0.2% of the global artificial intelligence in cancer diagnostics 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 artificial intelligence in cancer diagnostics 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 2.7 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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South 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 33.33% in 2023. Horizon Databook has segmented the South Africa artificial intelligence in cancer diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa provides a lucrative opportunity to leverage AI due to its large population and serious institutional shortfalls. The use of AI in healthcare is expected to expedite the 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, and there are fewer governing bottlenecks regarding patient data secrecy in comparison with other regions. In recent years, the number of people suffering from cancer has increased substantially in South Africa. According to Cancer Index in South Africa, cancer incidence is estimated to be 187.1 per 100,000 individuals.
The COVID-19 pandemic and recent technological advancements enabled the country to develop solutions, including AI, with the potential to overcome physical limitations of capital & labor, as well as open up new sources of value & growth. Increasing use of AI in diagnostics can support the negation of inefficiencies such as misdiagnoses and shortage of radiologists in the country.
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Target buyers of South 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa artificial intelligence in cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa artificial intelligence in cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa artificial intelligence in cancer diagnostics market size, by component type, 2018-2030 (US$M)
South Africa Artificial Intelligence In Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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