Saudi Arabia Life Science Analytics Market Size & Outlook
Saudi Arabia life science analytics market, 2018-2030 (US$M)
Related Markets
Saudi Arabia life science analytics market highlights
- The Saudi Arabia life science analytics market generated a revenue of USD 95.0 million in 2023 and is expected to reach USD 214.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12.3% 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.
Life science analytics market data book summary
| Market revenue in 2023 | USD 95.0 million |
| Market revenue in 2030 | USD 214.4 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.5% of the global life science 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 life science 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 146.5 million by 2030.
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Life Science Analytics Market Scope
Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 61.68% in 2023. Horizon Databook has segmented the Saudi Arabia life science analytics market based on software, services 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.
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 rapidly evolving Saudi Arabian healthcare space is witnessing an increase in healthcare expenditure by both public and private payors. The developments and advancements in healthcare is directly impacting the demand for advanced technologies in the healthcare market.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia life science analytics market size, by component, 2018-2030 (US$M)
Saudi Arabia Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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