Deepnoid Establishes Dubai Branch... Enters GCC Region Medical and Security Markets
Deepnoid, a medical artificial intelligence (AI) specialist company, has established a branch office in Dubai. This move aims to actively enter the AI-based digital healthcare and security markets in the UAE and GCC regions.
Deepnoid will conduct business in the medical and security industries based in the Middle East. Its solutions include DEEP:CHEST, a screening solution for lung diseases such as tuberculosis; SkyMARU:SECURITY, a security AI solution for aviation security screening; and DEEP:SECURITY, a security AI solution for detecting information storage devices for corporate security.
The GCC region, including the UAE, is experiencing a rapid increase in demand for remote reading services. Experts predict that the GCC remote reading market, which was approximately $89 million in 2021, will reach $228 million by 2028. The X-ray security screening market in the Middle East is also expected to grow from $177.29 million in 2021 to $227.19 million in 2028, with an average annual growth rate of 3.6%. Deepnoid plans to secure the UAE market with Dubai as its base and then expand its business to the GCC markets including Kuwait, Saudi Arabia, Qatar, Bahrain, and Oman.
To enter the Kuwait medical AI solution market, Deepnoid has established cooperative relationships with local hospitals and is increasing overseas awareness of its products through various events such as global exhibitions and fairs. To provide customized solutions for the GCC region, the company is preparing to implement localization strategies, including appointing prominent local medical experts as advisory members.
Choi Woosik, CEO of Deepnoid, stated, "Through AI-based medical solutions, we will improve the quality of medical services in the GCC region and strengthen the global competitiveness of domestic medical technology." He added, "By leading the global security screening market with our AI-based security X-ray screening equipment, we will become a company that sets new standards in the field of security AI technology."
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Deepnoid’s Dubai branch was established with support from the ‘UAE IT Support Center’ of the National IT Industry Promotion Agency (NIPA). This project assists domestic small and medium ICT companies in entering the Middle Eastern market and supports their business activities, including office leasing, local demand verification support, and consulting services.
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