Middle East and Africa Artificial Intelligence (AI) in Healthcare Market Key Players by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Middle East and Africa Artificial Intelligence (AI) in Healthcare Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Software Solution, Hardware, and Services), Application (Robot Assisted Surgery, Virtual Assistants, Administrative Workflow Assistants, Connected Machines, Diagnosis, Clinical Trials, Fraud Detection, Cybersecurity, Dosage Error Reduction, and Others), and End User (Hospitals & Healthcare Providers, Patients, Pharma & Biotech Companies, Healthcare Payers, and Others)
- Report Date : Apr 2021
- Report Code : TIPRE00021060
- Category : Technology, Media and Telecommunications
- Status : Published
- Available Report Formats :
- No. of Pages : 183
The Middle East and Africa Artificial Intelligence (AI) in healthcare market is expected to reach US$ 5,713.28 million by 2027 from US$ 222.03 million in 2019; it is estimated to grow at a CAGR of 48.8% from 2020 to 2027.
The growth of the market is attributed to the driving factors such as rising application of artificial intelligence (AI) in healthcare market, growing investment in AI healthcare start-ups, and increasing cross-industry partnerships and collaborations. However, dearth of skilled AI workforce and imprecise regulatory guidelines for medical software hinder the market growth.
Artificial intelligence (AI) in healthcare sector is intended to considerably change clinicians' roles and everyday practices by accomplishing and analyzing data, make decisions, and conduct discussions. AI application in healthcare is getting progressively sophisticated, efficient, and quicker at a lower cost. Owing to the tremendous potential of AI and robotics in healthcare sector, they are gradually becoming a major part of the healthcare ecosystem. According to a CB Insights Report in 2020, ~86% of the healthcare providers, life science companies, and technology vendors depend on artificial intelligence technologies. Several healthcare providers are starting to offload certain parts of the care-pathways to artificial intelligence (AI) based automation. Also, numerous start-ups are developing AI-driven imaging and diagnostic solutions that are accountable for the growth of the market. Artificial Intelligence (AI) is applied to aid cancer diagnosis and prognosis, imaging systems, and help reorganize the drug discovery and drug repurposing procedures. Therefore, a significant increase in the number of artificial intelligence start-ups in the healthcare sector is anticipated to positively influence the market growth during the forecast period.
The socio-economic condition of countries in the Middle East are widely affected by the COVID–19 pandemic. The UAE has employed artificial intelligence and smart solutions to battle the spread of COVID-19. For instance, in February 2021, two UAE-based health companies entered a partnership with Canada’s Laipac Technology to launch the world’s first artificial intelligence (AI)-powered rapid COVID-19 antigen test. However, it is expected that until the availability of vaccines in the regional governments, the challenges are supposed to continue for the market.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Middle East and Africa Artificial Intelligence (AI) in Healthcare Market Segmentation
By Component
- Software Solution
- Hardware
- Services
By Application
- Robot Assisted Surgery
- Virtual Assistants
- Administrative Workflow Assistants
- Connected Machines
- Diagnosis
- Clinical Trials
- Fraud Detection
- Cybersecurity
- Dosage Error Reduction
- Other
By Country
- Hospitals and Healthcare Providers
- Patients
- Pharma and Biotech Companies
- Healthcare Payers
- Others
By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East and Africa
Company Profiles
- Alphabet Inc.
- General Electric Company
- Intel Corporation
- Koninklijke Philips N.V
- Microsoft Corporation
- NVIDIA CORPORATION
- Nuance Communications, Inc
- Siemens Healthineers AG
- Arterys Inc
- Johnson and Johnson Services, Inc.
Middle East and Africa Artificial Intelligence (AI) in Healthcare Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 222.03 Million |
| Market Size by 2027 | US$ 5,713.28 Million |
| Global CAGR (2020 - 2027) | 48.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Recent Reports
Testimonials
I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
YUKIHIKO ADACHI CEO, Deep Blue, LLC.
We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.
PIYUSH NAGPAL Sr. Vice President, High Beam Global
I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.
Jean-Herve Jenn Chairman, Future Analytica
This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.
John Suzuki President and Chief Executive Officer, Board Director, BK Technologies
The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.
Ran Kedem Partner, Reali Technologies LTDsReason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Identifying Emerging Markets
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Boosting Operational Efficiency
- Strategic Planning
- Investment Justification
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Get Free Sample For