South Africa Analytical Instrumentation Market Size & Outlook
South Africa analytical instrumentation market, 2018-2030 (US$M)
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South Africa analytical instrumentation market highlights
- The South Africa analytical instrumentation market generated a revenue of USD 210.7 million in 2023 and is expected to reach USD 241.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Analytical instrumentation market data book summary
| Market revenue in 2023 | USD 210.7 million |
| Market revenue in 2030 | USD 241.7 million |
| Growth rate | 2% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Services, Software |
| Key market players worldwide | Thermo Fisher Scientific Inc, Waters Corp, Shimadzu Corp, Danaher Corp, Agilent Technologies Inc, Bruker Corp, PerkinElmer, Mettler-Toledo International Inc, ZEISS Group, Bio-Rad Laboratories Inc, Illumina Inc, Eppendorf, Roche Holding AG, Sartorius AG, Avantor Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% of the global analytical instrumentation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE analytical instrumentation market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 371.2 million by 2030.
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Analytical Instrumentation Market Scope
Analytical Instrumentation Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa analytical instrumentation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to analytical instrumentation market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 55.29% in 2023. Horizon Databook has segmented the South Africa analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing public-private investments for supporting the biotechnology sector in the country are anticipated to create lucrative growth opportunities in the near future. Furthermore, increasing workshops and symposiums on analytical instruments in the country are anticipated to spread awareness about advanced life science technologies in South Africa.
Moreover, presence of well-established companies is expected to drive the adoption of products. For instance, SYSMEX SOUTH AFRICA (PTY) LTD. offers fluorescence flow cytometry products in the country. Moreover, public health institutes in South Africa are adopting NGS-based surveillance for healthcare purposes for disease diagnosis.
For instance, in April 2020, African Union Commission received USD 1.4 million in funding for NGS systems to enhance sequencing platforms in African countries of Egypt, Nigeria, Congo, Ghana, Kenya, Uganda, Ethiopia, Mali, and Senegal. Such developments are expected to increase the sales of analytical instruments in the country.
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Our clientele includes a mix of analytical instrumentation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa analytical instrumentation market , including forecasts for subscribers. This country databook contains high-level insights into South Africa analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa analytical instrumentation market size, by product, 2018-2030 (US$M)
South Africa Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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