South Africa Artificial Intelligence In Diagnostics Market Size & Outlook
South Africa artificial intelligence in diagnostics market, 2018-2030 (US$M)
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South Africa artificial intelligence in diagnostics market highlights
- The South Africa artificial intelligence in diagnostics market generated a revenue of USD 1.8 million in 2023 and is expected to reach USD 9.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 26.2% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Artificial intelligence in diagnostics market data book summary
| Market revenue in 2023 | USD 1.8 million |
| Market revenue in 2030 | USD 9.4 million |
| Growth rate | 26.2% (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 | Siemens Healthineers AG ADR, Nano X Imaging Ltd Ordinary Shares, GE HealthCare Technologies Inc Common Stock, AliveCor, Riverain Technologies, Aidoc, NeuraSignal, Imagen Technologies, Digital Diagnostics, Vuno |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.2% of the global artificial intelligence in 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 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 14.7 million by 2030.
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Artificial Intelligence In Diagnostics Market Scope
Artificial Intelligence In Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa artificial intelligence in 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 diagnostics market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the South Africa artificial intelligence in diagnostics market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
In July 2017, a roundtable discussion hosted by Accenture and GIBS Business School on AI in South Africa revealed myriad concerns regarding the adoption of AI in the country. These included data quality, workforce readiness & re-skilling, data privacy, and potential job losses.
However, the COVID19 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 to open up new sources of value & growth.
Increasing use of AI in diagnostics can support in negating inefficiencies such as misdiagnoses and shortage of radiologists in the country. The Association of Radiologists of Nigeria (ARIN) expressed its concern regarding shortage of radiologists, with an estimated 400 radiology specialists for the entire population.
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Our clientele includes a mix of artificial intelligence in diagnostics market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the South Africa artificial intelligence in diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa artificial intelligence in diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa artificial intelligence in diagnostics market size, by component, 2018-2030 (US$M)
South Africa Artificial Intelligence In Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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