Saudi Arabia Healthcare Analytics Market Size & Outlook
Saudi Arabia healthcare analytics market, 2018-2030 (US$M)
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Saudi Arabia healthcare analytics market highlights
- The Saudi Arabia healthcare analytics market generated a revenue of USD 342.4 million in 2023 and is expected to reach USD 1,395.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 22.2% 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.
Healthcare analytics market data book summary
| Market revenue in 2023 | USD 342.4 million |
| Market revenue in 2030 | USD 1,395.5 million |
| Growth rate | 22.2% (CAGR from 2023 to 2030) |
| Largest segment | Descriptive analytics |
| Fastest growing segment | Predictive Analytics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.8% of the global healthcare analytics 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 healthcare analytics market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 953.4 million by 2030.
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Healthcare Analytics Market Scope
Healthcare Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 47.4% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia’s market for health information systems is in its nascent stage. There are several challenges in the adoption of analytics in the country, including lack of skilled professionals, financial barriers, legal & regulatory barriers, and technical complications.
However, several initiatives are being undertaken by the Ministry of Health for improving health information systems in the country. Moreover, increasing number of patients, growing demand for reducing healthcare expenses, need for real-time information, and providing quality care to patients at affordable costs are factors expected to drive the demand for AI in diagnostics in the country.
The developments and advancements in healthcare is directly impacting the demand for advanced technologies in the healthcare market. Other factors supporting this growth include increasing investment by the Ministry of Health in Saudi Arabia. As per Saudi Arabia’s Vision 2030, there has been an emphasis on public and private collaborations to drive transformations in the healthcare space.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia healthcare analytics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia healthcare analytics market size, by type, 2018-2030 (US$M)
Saudi Arabia Healthcare Analytics Market Outlook Share, 2023 & 2030 (US$M)
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