Nigeria's Artificial Intelligence (AI) In Healthcare Market is projected to grow from $0.01 Bn in 2022 to $0.13 Bn by 2030, registering a CAGR of 46.22% during the forecast period of 2022 - 2030. The market will be driven by the increasing availability of AI-based solutions and the growing investment by the government and private companies in the development of AI in healthcare. The market is segmented by healthcare components & by healthcare applications. Some of the major players include IBM Watson Health, Wellvis & Reliance Health.
Nigeria's Artificial Intelligence (AI) In Healthcare Market is projected to grow from $0.01 Bn in 2022 to $0.13 Bn by 2030, registering a CAGR of 46.22% during the forecast period of 2022 - 2030. According to the Nigeria Health Facility Registry (NHFR), Nigeria has 39,914 operational hospitals and clinics. According to the nominal facility data, Lagos, Katsina, and Benue are the top three states in the country with the most health facilities. Nigeria has an average of 17 hospitals per 100,000 people, combining private and public hospitals at the primary, secondary, and tertiary levels of care. Cardiovascular disease is Nigeria's most common cause of death. According to medical experts in Nigeria. Furthermore, a lack of access to healthcare is a major contributor to the country's high maternal, infant, and under-five mortality rates.
With its large population and substantial disease burden, Nigeria presents an enormous chance for AI in healthcare. Several Nigerian healthcare institutions have begun to implement AI-based solutions to improve healthcare delivery. The Lagos University Teaching Hospital has created an AI-powered system for diagnosing breast cancer. The system analyses mammograms using machine learning algorithms to detect early signs of breast cancer. Wellvis, a Nigerian startup, created an AI-powered telemedicine platform. The platform allows patients to consult with healthcare providers remotely, increasing access to healthcare services, particularly in rural areas with inadequate healthcare infrastructure. The increasing availability of AI-based solutions, as well as increased government and private sector investment in the advancement of artificial intelligence in healthcare, are projected to propel AI adoption in Nigeria in the coming years.
Market Growth Drivers
Nigeria has witnessed an increase in government and private sector investment in the development of AI-based healthcare solutions. The Nigerian Communications Commission (NCC) has launched a research grant programme to encourage the development of innovative and relevant technologies, such as artificial intelligence (AI) in healthcare. Furthermore, the country's healthcare challenges, such as a lack of medical infrastructure, a shortage of healthcare providers, and a high burden of disease, are becoming more severe. AI technologies in healthcare can help improve access to care, reduce medical errors, and enable personalised medicine leading to market expansion in the country.
There are some constraints that must be overcome. One of the most significant challenges is a lack of adequate medical infrastructure, particularly in rural areas with few healthcare options. Another issue is that patients and healthcare workers have low digital literacy, which may limit the adoption of AI-based solutions. Because the use of AI involves the storage and processing of sensitive patient information, the issue of data privacy and security is also a significant constraint. Furthermore, the need for more robust regulatory frameworks for AI in healthcare is a significant challenge to ensure the safe and effective use of AI technologies in Nigeria.
August 2022, The Xair ultra-portable handheld, battery-powered X-ray machine from Fujifilm will be used in conjunction with Qure.ai's AI-enabled Chest X-ray solution to screen for presumptive tuberculosis cases in rural Nigerian communities.
February 2022, Reliance Health, a Nigerian firm, has recently secured one of the largest funding rounds for an African health tech venture to date. Reliance Health, a digital health insurance company that uses technology and data science to reshape all aspects of the health insurance experience, such as purchasing premiums and accessing care, raised $40 Mn (€35 Mn) in Series B funding.
1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
188.8.131.52 Product Applications and Services
184.108.40.206 Recent Developments
220.127.116.11 Partnerships Ecosystem
18.104.22.168 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
The Artificial Intelligence (AI) in Healthcare Market is segmented as mentioned below:
By Healthcare Component (Revenue, USD Billion):
By Healthcare Applications (Revenue, USD Billion):
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