Saudi Arabia Medical Image Analysis Software Market Size & Outlook
Saudi Arabia medical image analysis software market, 2018-2030 (US$M)
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Saudi Arabia medical image analysis software market highlights
- The Saudi Arabia medical image analysis software market generated a revenue of USD 21.5 million in 2023 and is expected to reach USD 36.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, integrated was the largest revenue generating type in 2023.
- Stand Alone is the most lucrative type segment registering the fastest growth during the forecast period.
Medical image analysis software market data book summary
| Market revenue in 2023 | USD 21.5 million |
| Market revenue in 2030 | USD 36.0 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Integrated |
| Fastest growing segment | Stand Alone |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Integrated, Stand Alone |
| Key market players worldwide | Koninklijke Philips NV, Agfa-Gevaert NV, Canon Inc, GE HealthCare Technologies Inc Common Stock, Bruker Corp, Siemens Healthineers AG ADR, Esaote, Neusoft Medical Systems |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global medical image analysis software market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa medical image analysis software 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 36.0 million by 2030.
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Medical Image Analysis Software Market Scope
Medical Image Analysis Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia medical image analysis software 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 medical image analysis software market will help companies and investors design strategic landscapes.
Integrated was the largest segment with a revenue share of 54.88% in 2023. Horizon Databook has segmented the Saudi Arabia medical image analysis software market based on integrated, stand alone covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia's medical imaging analysis software is primarily influenced by increasing chronic disease prevalence and a growing geriatric population. As per the National Institute of Health, demographic proportions in the country have changed, owing to decreased fertility rates and increased life expectancy.
It is estimated that by 2050, nearly 20% of the population will be aged above 65 years. Increase in the prevalence of cancer and the use of ultrasound & CT is expected to propel the market over the estimated period. In 2018, as per WHO, 24,485 new cancer cases were registered in the country, of which, 12,222 were females and 12,263 were males.
29.7% of all female cancer cases were breast cancer. Colorectal cancer was the most common in males, which contributed to 19.6% of all male cancer cases. Therefore, the demand for medical imaging equipment and advancements in software for faster diagnosis are expected to propel the market.
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Target buyers of Saudi Arabia medical image analysis software market databook
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Our clientele includes a mix of medical image analysis software 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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia medical image analysis software market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical image analysis software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia medical image analysis software market size, by type, 2018-2030 (US$M)
Saudi Arabia Medical Image Analysis Software Market Outlook Share, 2023 & 2030 (US$M)
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