Middle East & Africa Life Science Analytics Market Size & Outlook
Middle East & Africa life science analytics market, 2018-2030 (US$M)
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MEA life science analytics market highlights
- The MEA life science analytics market generated a revenue of USD 298.6 million in 2023.
- The market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component 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 298.6 million |
| Market revenue in 2030 | USD 647.9 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| 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, Services |
| Key market players worldwide | Oracle Corp, IQVIA Holdings Inc, SAS, Cognizant Technology Solutions Corp Class A, International Business Machines Corp, Accenture PLC Class A, Wipro Ltd ADR, TAKE Solutions |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.6% of the global life science 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 7,943.7 million by 2030.
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Life Science Analytics Market Scope
Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa life science 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 life science analytics market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 61.62% in 2023. Horizon Databook has segmented the Middle East & Africa life science analytics market based on software, services 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 is expected to bring life science analytics in action in these countries.
On the contrary, some countries in African region score low in healthcare IT readiness that is they lack in infrastructure. But countries are taking initiatives in the coordination with the WHO or other independent organizations. This is expected to help life science analytics services to penetrate further.
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.
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Target buyers of Middle East & Africa life science analytics market databook
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Our clientele includes a mix of life science 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 life science analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA life science analytics market size, by country, 2018-2030 (US$M)
Middle East & Africa Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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