Middle East & Africa Healthcare Analytics Market Size & Outlook
Middle East & Africa healthcare analytics market, 2018-2030 (US$M)
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MEA healthcare analytics market highlights
- The MEA healthcare analytics market generated a revenue of USD 1,076.3 million in 2023.
- The market is expected to grow at a CAGR of 21.5% from 2024 to 2030.
- In terms of segment, descriptive analytics was the largest revenue generating type in 2023.
- Predictive Analytics is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,076.3 million |
| Market revenue in 2030 | USD 4,218.4 million |
| Growth rate | 21.5% (CAGR from 2023 to 2030) |
| Largest segment | Descriptive analytics |
| Fastest growing segment | Predictive Analytics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Prescriptive Analytics |
| Key market players worldwide | McKesson Corp, UnitedHealth Group Inc, International Business Machines Corp, Oracle Corp, SAS, IQVIA Holdings Inc, Verisk Analytics Inc, ELSE Corp, Allscripts Healthcare, Cerner Corporation |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.5% of the global healthcare analytics 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 39,736.6 million by 2030.
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Healthcare Analytics Market Scope
Healthcare Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa healthcare analytics 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 healthcare analytics market will help companies and investors design strategic landscapes.
Descriptive analytics was the largest segment with a revenue share of 47.69% in 2023. Horizon Databook has segmented the Middle East & Africa healthcare analytics market based on descriptive analytics, diagnostic analytics, predictive analytics, prescriptive analytics covering the revenue growth of each sub-segment from 2018 to 2030.
Middle Eastern countries like Saudi Arabia, Qatar, United Arab Emirates (UAE), Kuwait, and Oman are prospering economies. Advancements in healthcare system are expected to increase adoption of healthcare analytics in these countries. On the contrary, some countries in African region score low in healthcare IT readiness, that is, they lack proper infrastructure.
However, countries are undertaking initiatives in coordination with the WHO and/or other independent organizations to help healthcare analytics services to penetrate the market. The Gulf Cooperation Council (GCC) includes Saudi Arabia, Bahrain, Oman, Qatar, the United Arab Emirates, and Kuwait. In 1981, the GCC was established to encourage investment and development as well as support free trade among member states.
This agreement also contributed to the development of several fields, including education, culture, tourism, social opportunities, and health.The discovery of oil and other natural resources, such as gas, in the GCC countries, including Saudi Arabia, led to rapid development and economic growth. In addition, an increase in healthcare expenditure in these regions will boost market growth.
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Target buyers of Middle East & Africa healthcare analytics market databook
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Our clientele includes a mix of healthcare analytics 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 continent-level data and insights on the Middle East & Africa healthcare analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA healthcare analytics market size, by country, 2018-2030 (US$M)
Middle East & Africa Healthcare Analytics Market Outlook Share, 2023 & 2030 (US$M)
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