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Market Research Report

Middle East and Africa Artificial Intelligence in Healthcare Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Application, and End User

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Middle East and Africa Artificial Intelligence in Healthcare Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Application, and End User
Published: April 8, 2021 Content info: 183 Pages
Description

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, 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.

Based on component, the Middle East and Africa Artificial Intelligence (AI) in healthcare market is segmented into software solution, hardware, and services. The software solution segment held the largest share of the market in 2019 and is anticipated to register the highest CAGR in the market during the forecast period.

Based on application, the Middle East and Africa Artificial Intelligence (AI) in healthcare market is segmented into robot assisted surgery, virtual assistants, administrative workflow assistants, connected machines, diagnosis, clinical trials, fraud detection, cybersecurity, dosage error reduction, and others. The clinical trials segment held the largest share of the market in 2019 and is anticipated to register the highest CAGR in the market during the forecast period.

Based on end user, the Middle East and Africa artificial Intelligence (AI) in healthcare market has been segmented into hospitals & healthcare providers, patients, pharma & biotech companies, healthcare payers, and others. The hospitals & healthcare providers segment held the largest share of the market in 2019 and is estimated to register the highest CAGR in the market during the forecast period.

A few of the primary and secondary sources associated with this report on the Middle East and Africa Artificial Intelligence (AI) in healthcare market are King Abdullah University of Science and Technology (KAUST), National Center for Biotechnology Information (NCBI), and Department of Statistics South Africa (Stats SA).

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Table of Contents
Product Code: TIPRE00021060

Table Of Contents

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Middle East and Africa Artificial Intelligence in Healthcare Market - By Component
    • 1.3.2 Middle East and Africa Artificial Intelligence in Healthcare Market - By Application
    • 1.3.3 Middle East and Africa Artificial Intelligence in Healthcare Market - By End User
    • 1.3.4 Middle East and Africa Artificial Intelligence in Healthcare market - By Country

2. Artificial Intelligence in Healthcare Market - Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Middle East and Africa Artificial Intelligence in Healthcare - Market Landscape

  • 4.1 Overview
  • 4.2 PEST Analysis
    • 4.2.1 Artificial Intelligence in Healthcare Market in Middle East and Africa: PEST Analysis
  • 4.3 Expert Opinions

5. Artificial Intelligence in Healthcare Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Rising Application of Artificial Intelligence (AI) in Healthcare
    • 5.1.2 Growing Investment in AI Healthcare Start ups
    • 5.1.3 Increasing Cross-Industry Partnerships and Collaborations
  • 5.2 Market Restraints
    • 5.2.1 Dearth of Skilled AI Workforce and Imprecise Regulatory Guidelines for Medical Software
  • 5.3 Market Opportunities
    • 5.3.1 Increasing Potential in Emerging Economies
  • 5.4 Future Trends
    • 5.4.1 AI in Epidemic Outbreak Prediction and Response
  • 5.5 Impact Analysis

6. Artificial Intelligence in Healthcare Market - Middle East and Africa Analysis

  • 6.1 Middle East and Africa Artificial Intelligence in Healthcare Market Revenue Forecast and Analysis

7. Artificial Intelligence in Healthcare Market Analysis - By Component

  • 7.1 Overview
  • 7.2 Artificial Intelligence in Healthcare Market Revenue Share, by Component (2019 and 2027)
  • 7.3 Software Solution
    • 7.3.1 Overview
    • 7.3.2 Software Solution: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 7.4 Hardware
    • 7.4.1 Overview
    • 7.4.2 Hardware: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 7.5 Services
    • 7.5.1 Overview
    • 7.5.2 Services: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)

8. Artificial Intelligence in Healthcare Market Analysis - By Application

  • 8.1 Overview
  • 8.2 Artificial Intelligence in Healthcare Market Revenue Share, by Application (2019 and 2027)
  • 8.3 Robot Assisted Surgery
    • 8.3.1 Overview
    • 8.3.2 Robot Assisted Surgery: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.4 Virtual Assistants
    • 8.4.1 Overview
    • 8.4.2 Virtual Assistants: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.5 Administrative Workflow Assistants
    • 8.5.1 Overview
    • 8.5.2 Administrative Workflow Assistants: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.6 Connected Machines
    • 8.6.1 Overview
    • 8.6.2 Connected Machines: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.7 Diagnosis
    • 8.7.1 Overview
    • 8.7.2 Diagnosis: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.8 Clinical Trials
    • 8.8.1 Overview
    • 8.8.2 Clinical Trials: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.9 Fraud Detection
    • 8.9.1 Overview
    • 8.9.2 Fraud Detection: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.10 Cybersecurity
    • 8.10.1 Overview
    • 8.10.2 Cybersecurity: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.11 Dosage Error Reduction
    • 8.11.1 Overview
    • 8.11.2 Dosage Error Reduction: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.12 Others
    • 8.12.1 Overview
    • 8.12.2 Others: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)

9. Artificial Intelligence in Healthcare Market Analysis - By End User

  • 9.1 Overview
  • 9.2 Artificial Intelligence in Healthcare Market, by End-User, 2019 and 2027 (%)
  • 9.3 Hospitals & Healthcare Providers
    • 9.3.1 Overview
    • 9.3.2 Hospitals & Healthcare Providers: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.4 Patients
    • 9.4.1 Overview
    • 9.4.2 Patients: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.5 Pharma and Biotech Companies
    • 9.5.1 Overview
    • 9.5.2 Pharma and Biotech Companies: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.6 Healthcare Payers
    • 9.6.1 Overview
    • 9.6.2 Healthcare Payers Market: Artificial Intelligence in Healthcare Market- Revenue and Forecast to 2027 (US$ Million)
  • 9.7 Others
    • 9.7.1 Overview
    • 9.7.2 Others: Artificial Intelligence in Healthcare Market- Revenue and Forecast to 2027 (US$ Million)

10. Middle East and Africa Artificial Intelligence in Healthcare Market - Geographical Analysis

  • 10.1 Middle East & Africa: Artificial Intelligence in Healthcare Market
    • 10.1.1 Overview
    • 10.1.2 Middle East & Africa: Artificial Intelligence in Healthcare Market Share by Country - 2019 & 2027, (%)
    • 10.1.3 UAE: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
      • 10.1.3.1 UAE: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
      • 10.1.3.2 UAE: Artificial Intelligence in Healthcare Market, by Component, 2018 -2027 (USD Million)
      • 10.1.3.3 UAE: Artificial Intelligence in Healthcare Market, by Application, 2018-2027 (USD Million)
      • 10.1.3.4 UAE: Artificial Intelligence in Healthcare Market, by End User, 2018-2027 (USD Million)
    • 10.1.4 Saudi Arabia: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
      • 10.1.4.1 Saudi Arabia: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
      • 10.1.4.2 Saudi Arabia: Artificial Intelligence in Healthcare Market, by Component, 2018 -2027 (USD Million)
      • 10.1.4.3 Saudi Arabia: Artificial Intelligence in Healthcare Market, by Application, 2018-2027 (USD Million)
      • 10.1.4.4 Saudi Arabia: Artificial Intelligence in Healthcare Market, by End User, 2018-2027 (USD Million)
    • 10.1.5 South Africa: Artificial Intelligence in Healthcare Market - Revenue and Forecasts to 2027 (USD Million)
      • 10.1.5.1 South Africa: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
      • 10.1.5.2 South Africa: Artificial Intelligence in Healthcare Market, by Component, 2018 -2027 (USD Million)
      • 10.1.5.3 South Africa: Artificial Intelligence in Healthcare Market, by Application, 2018-2027 (USD Million)
      • 10.1.5.4 South Africa: Artificial Intelligence in Healthcare Market, by End User, 2018-2027 (USD Million)
    • 10.1.6 Rest of Middle East and Africa: Artificial Intelligence in Healthcare Market - Revenue and Forecasts to 2027 (USD Million)
      • 10.1.6.1 Rest of Middle East and Africa: Artificial Intelligence in Healthcare Market- Revenue and Forecasts to 2027 (USD Million)
      • 10.1.6.2 Rest of Middle East and Africa: Artificial Intelligence in Healthcare Market, by Component, 2018 -2027 (USD Million)
      • 10.1.6.3 Rest of Middle East and Africa: Artificial Intelligence in Healthcare Market, by Application, 2018-2027 (USD Million)
      • 10.1.6.4 Rest of Middle East and Africa: Artificial Intelligence in Healthcare Market, by End User, 2018-2027 (USD Million)

11. Impact of COVID-19 Pandemic on Middle East and Africa Artificial Intelligence in Healthcare Market

  • 11.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

12. Artificial Intelligence (AI) in Healthcare Market -Industry Landscape

  • 12.1 Overview
  • 12.2 Inorganic Growth Strategies
    • 12.2.1 Overview
  • 12.3 Organic Growth Strategies
    • 12.3.1 Overview

13. Company Profile

  • 13.1 General Electric Company
    • 13.1.1 Key Facts
    • 13.1.2 Business Description
    • 13.1.3 Products and Services
    • 13.1.4 Financial Overview
    • 13.1.5 SWOT Analysis
    • 13.1.6 Key Developments
  • 13.2 Alphabet Inc.
    • 13.2.1 Key Facts
    • 13.2.2 Business Description
    • 13.2.3 Products and Services
    • 13.2.4 Financial Overview
    • 13.2.5 SWOT Analysis
    • 13.2.6 Key Developments
  • 13.3 Intel Corporation
    • 13.3.1 Key Facts
    • 13.3.2 Business Description
    • 13.3.3 Products and Services
    • 13.3.4 Financial Overview
    • 13.3.5 SWOT Analysis
    • 13.3.6 Key Developments
  • 13.4 Koninklijke Philips N.V.
    • 13.4.1 Key Facts
    • 13.4.2 Business Description
    • 13.4.3 Products and Services
    • 13.4.4 Financial Overview
    • 13.4.5 SWOT Analysis
  • 13.5 Microsoft Corporation
    • 13.5.1 Key Facts
    • 13.5.2 Business Description
    • 13.5.3 Products and Services
    • 13.5.4 Financial Overview
    • 13.5.5 SWOT Analysis
    • 13.5.6 Key Developments
  • 13.6 NVIDIA CORPORATION
    • 13.6.1 Key Facts
    • 13.6.2 Business Description
    • 13.6.3 Products and Services
    • 13.6.4 Financial Overview
    • 13.6.5 SWOT Analysis
    • 13.6.6 Key Developments
  • 13.7 Nuance Communications, Inc.
    • 13.7.1 Key Facts
    • 13.7.2 Business Description
    • 13.7.3 Products and Services
    • 13.7.4 Financial Overview
    • 13.7.5 SWOT Analysis
    • 13.7.6 Key Developments
  • 13.8 Siemens Healthineers AG
    • 13.8.1 Key Facts
    • 13.8.2 Business Description
    • 13.8.3 Products and Services
    • 13.8.4 Financial Overview
    • 13.8.5 SWOT Analysis
    • 13.8.6 Key Developments
  • 13.9 Arterys Inc.
    • 13.9.1 Key Facts
    • 13.9.2 Business Description
    • 13.9.3 Products and Services
    • 13.9.4 Financial Overview
    • 13.9.5 SWOT Analysis
    • 13.9.6 Key Developments
  • 13.10 Johnson and Johnson Services, Inc.
    • 13.10.1 Key Facts
    • 13.10.2 Business Description
    • 13.10.3 Products and Services
    • 13.10.4 Financial Overview
    • 13.10.5 SWOT Analysis
    • 13.10.6 Key Developments

14. Appendix

  • 14.1 About The Insight Partners
  • 14.2 Glossary of Terms, Artificial Intelligence in Healthcare Market

List Of Tables

  • Table 1. UAE Artificial Intelligence in Healthcare Market, by Component- Revenue And Forecast To 2027 (USD Million)
  • Table 2. UAE Artificial Intelligence in Healthcare Market, by Application - Revenue and Forecast to 2027(USD Million)
  • Table 3. UAE Artificial Intelligence in Healthcare Market, by End User - Revenue and Forecast to 2027(USD Million)
  • Table 4. Saudi Arabia Artificial Intelligence in Healthcare Market, by Component- Revenue And Forecast To 2027 (USD Million)
  • Table 5. Saudi Arabia Artificial Intelligence in Healthcare Market, by Application - Revenue and Forecast to 2027(USD Million)
  • Table 6. Saudi Arabia Artificial Intelligence in Healthcare Market, by End User - Revenue and Forecast to 2027(USD Million)
  • Table 7. South Africa Artificial Intelligence in Healthcare Market, by Component- Revenue And Forecast To 2027 (USD Million)
  • Table 8. South Africa Artificial Intelligence in Healthcare Market, by Application - Revenue and Forecast to 2027(USD Million)
  • Table 9. South Africa Artificial Intelligence in Healthcare Market, by End User - Revenue and Forecast to 2027(USD Million)
  • Table 10. Rest of Middle East and Africa Artificial Intelligence in Healthcare Market, by Component- Revenue And Forecast To 2027 (USD Million)
  • Table 11. Rest of Middle East and Africa Artificial Intelligence in Healthcare Market, by Application - Revenue and Forecast to 2027(USD Million)
  • Table 12. Rest of Middle East and Africa Artificial Intelligence in Healthcare Market, by End User - Revenue and Forecast to 2027(USD Million)
  • Table 13. Recent Inorganic Growth Strategies in the Artificial Intelligence in Healthcare Market
  • Table 14. Recent Organic Growth Strategies in the Artificial Intelligence in Healthcare Market
  • Table 15. List of Abbreviation

List Of Figures

  • Figure 1. Artificial Intelligence in Healthcare Market Segmentation
  • Figure 2. Artificial Intelligence in Healthcare Market Segmentation, By Country
  • Figure 3. Middle East and Africa Artificial Intelligence in Healthcare Market Overview
  • Figure 4. Robot Assisted Surgery Segment by Application Segment Expected to Witness Rapid Growth
  • Figure 5. Artificial Intelligence in Healthcare Market in Middle East and Africa: PEST Analysis
  • Figure 6. Artificial Intelligence in Healthcare Market Impact Analysis of Drivers and Restraints
  • Figure 7. Middle East and Africa Artificial Intelligence in Healthcare Market - Revenue Forecast and Analysis - 2019- 2027
  • Figure 8. Artificial Intelligence in Healthcare Market Revenue Share, by Component (2019 and 2027)
  • Figure 9. Software Solution: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 10. Hardware: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 11. Services: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 12. Artificial Intelligence in Healthcare Market Revenue Share, by Application (2019 and 2027)
  • Figure 13. Robot Assisted Surgery: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 14. Virtual Assistants: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 15. Administrative Workflow Assistants: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 16. Connected Machines: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 17. Diagnosis: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 18. Clinical Trials: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 19. Fraud Detection: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 20. Cybersecurity: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 21. Dosage Error Reduction: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 22. Others: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 23. Artificial Intelligence in Healthcare Market, by End-User, 2019 and 2027 (%)
  • Figure 24. Hospitals & Healthcare Providers: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 25. Patients: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 26. Pharma and Biotech Companies: Artificial Intelligence in Healthcare Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 27. Healthcare Payers: Artificial Intelligence in Healthcare Market- Revenue and Forecast to 2027 (US$ Million)
  • Figure 28. Others: Artificial Intelligence in Healthcare Market- Revenue and Forecast to 2027 (US$ Million)
  • Figure 29. Middle East & Africa: Artificial Intelligence in Healthcare Market, By Key Country - Revenue (2019) (USD Million)
  • Figure 30. Middle East & Africa: Artificial Intelligence in Healthcare Market Share by Country - 2019 & 2027, (%)
  • Figure 31. UAE: Artificial Intelligence in Healthcare Market- Revenue and Forecasts To 2027 (USD Million)
  • Figure 32. Saudi Arabia: Artificial Intelligence in Healthcare Market- Revenue And Forecasts To 2027 (USD Million)
  • Figure 33. South Africa: Artificial Intelligence in Healthcare Market- Revenue And Forecasts To 2027 (USD Million)
  • Figure 34. Rest of Middle East and Africa: Artificial Intelligence in Healthcare Market- Revenue And Forecasts To 2027 (USD Million)
  • Figure 35. Impact Of COVID-19 Pandemic in Middle East and Africa Country Markets
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