South Africa Biobank Market Size & Outlook, 2023-2030
South Africa biobank market, 2018-2030 (US$M)
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South Africa biobank market highlights
- The South Africa biobank market generated a revenue of USD 458.5 million in 2023 and is expected to reach USD 733.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, biobanking equipment was the largest revenue generating product in 2023.
- LIMS is the most lucrative product segment registering the fastest growth during the forecast period.
Biobank market data book summary
| Market revenue in 2023 | USD 458.5 million |
| Market revenue in 2030 | USD 733.3 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Biobanking equipment |
| Fastest growing segment | LIMS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biobanking Equipment, Biobanking Consumables, LIMS |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Qiagen NV, Booz Allen Hamilton Holding Corp Class A, Tecan Group AG, Danaher Corp, Becton Dickinson & Co, Taylor-Wharton, Charles River Laboratories International Inc, Lonza Group Ltd, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global biobank market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa biobank market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 425.2 million by 2030.
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Biobank Market Scope
Biobank Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa biobank 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 biobank market will help companies and investors design strategic landscapes.
Biobanking equipment was the largest segment with a revenue share of 73.94% in 2023. Horizon Databook has segmented the South Africa biobank market based on biobanking equipment, biobanking consumables, lims covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa witnesses a high burden of infectious diseases, along with an increasing prevalence of noncommunicable and metabolic diseases. As a result, demand for biobanking operations in the country for facilitating public health development is one of the key drivers for the market.
Furthermore, the country witnesses an increasing need for the development of national human biobanks as evidenced by initiatives, such as the H3Africa consortium. The consortium includes the development of harmonized and standardized operational procedures for biobanking.
Which is expected to attract more biobanking players in the country. However, South Africa faces severe limitations with respect to energy resources and is restrained by consistent power outages that result from the country.
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Our clientele includes a mix of biobank market companies, investment firms, advisory firms & academic institutions.
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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 biobank market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biobank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa biobank market size, by product, 2018-2030 (US$M)
South Africa Biobank Market Outlook Share, 2023 & 2030 (US$M)
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