South Africa Bioanalytical Testing Services Market Size & Outlook
South Africa bioanalytical testing services market, 2018-2030 (US$M)
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South Africa bioanalytical testing services market highlights
- The South Africa bioanalytical testing services market generated a revenue of USD 26.1 million in 2023 and is expected to reach USD 47.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, small molecule was the largest revenue generating molecule in 2023.
- Large Molecule is the most lucrative molecule segment registering the fastest growth during the forecast period.
Bioanalytical testing services market data book summary
| Market revenue in 2023 | USD 26.1 million |
| Market revenue in 2030 | USD 47.3 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Molecule, Large Molecule |
| Key market players worldwide | Thermo Fisher Scientific Inc, Icon PLC, Charles River Laboratories International Inc, Labcorp Holdings Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, Intertek Group PLC, Pace Analytical Services |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global bioanalytical testing services market in 2023.
- Country-wise, Kuwait is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Kuwait bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 47.3 million by 2030.
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Bioanalytical Testing Services Market Scope
Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa bioanalytical testing services 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 bioanalytical testing services market will help companies and investors design strategic landscapes.
Small molecule was the largest segment with a revenue share of 57.47% in 2023. Horizon Databook has segmented the South Africa bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
The existing need for healthcare & drug production are the major factors driving the demand for bioanalytical services in South Africa. This shows the existing growth possibilities for clinical research in the country.
The government's initiative to revitalize the country's clinical trials supports the entry of new bioanalytical test laboratories in the country. In addition, the entry and focus of small-scale manufacturers in South Africa are unveiling the future possibilities for clinical research and bioanalytical test services in the country.
The acquisition of bioanalytical test laboratories is another major factor propelling the market growth. In addition, the efforts of healthcare professionals in bioanalysis support market growth. Some of the major players in the market includes BARC SOUTH AFRICA, Bloemfontein, SGS, Sinema Life Sciences BV, and BOC Sciences.
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Target buyers of South Africa bioanalytical testing services market databook
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Our clientele includes a mix of bioanalytical testing services 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into South Africa bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
South Africa Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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