Nigeria’s Healthcare AI Market Set to Soar, Predicted to Reach $0.13 Billion by 2030, Says Insights 10

Skrind’s Innovative AI Healthcare Solution

Insights 10 has released a promising projection for Nigeria’s healthcare Artificial Intelligence (AI) market, foreseeing significant growth from $0.01 billion in 2022 to $0.13 billion by the year 2030. This expected expansion corresponds to a notable Compound Annual Growth Rate (CAGR) of 46.22% for the forecast period spanning from 2022 to 2030.

Accessing government-owned hospitals presents unique challenges for individuals residing in rural areas, as opposed to those living in or near urban centers. Ibadan, the capital of Oyo state in southwest Nigeria, has been experiencing noteworthy economic advancements in recent years, positioning itself to compete with other economic powerhouses such as Lagos and Abuja. According to the United Nations, Ibadan is now recognized as the second-fastest-growing city on the African continent.

However, it’s important to note that among the 33 local governments in Oyo state, only a limited number are situated in urban areas.

In Ibadan, an innovative self-testing app named Skrind, founded in 2018 by Adekunle Adeluwoye, aspires to play a pivotal role in the timely detection of infections, ultimately contributing to saving lives.

Skrind is a self-testing application meticulously designed for the diagnosis of infections like malaria, HIV, and Hepatitis. Powered by cutting-edge AI technology, this self-testing app relies on immunodiagnostic science and rapid test kits to enable effortless at-home self-testing.

These tests can be conveniently administered by users in Nigeria, irrespective of their location or the time of day. Skrind operates by guiding users through the testing process using the mobile app in conjunction with a testing kit. Following the test, the app delivers the test results promptly.

The creators of Skrind describe it as a “mobile app that offers a centralized source for essential information on infectious diseases, along with a straightforward DIY self-testing tool. Users can discreetly conduct self-screening using the Skrind app, which harnesses an AI-based algorithm to interpret and provide insights based on the testing kit results.”

Nonetheless, the substantial adoption of AI within Nigeria’s healthcare sector holds the potential to revolutionize the healthcare landscape. With merely approximately four doctors per 10,000 people in the country, AI technology has the capacity to alleviate the workload on medical professionals, expedite data analysis, accelerate diagnosis and treatment processes, and contribute to the overall enhancement of healthcare services.