South Africa Biological Safety Testing Products And Services Market Size & Outlook
South Africa biological safety testing products and services market, 2018-2030 (US$M)
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South Africa biological safety testing products and services market highlights
- The South Africa biological safety testing products and services market generated a revenue of USD 38.4 million in 2023 and is expected to reach USD 86.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
Biological safety testing products and services market data book summary
| Market revenue in 2023 | USD 38.4 million |
| Market revenue in 2030 | USD 86.0 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents & kits, Services, Instruments |
| Key market players worldwide | Charles River Laboratories International Inc, BSL-BIOSERVICE Scientific Laboratories GmbH, Merck KGaA, Samsung BioLogics, Sartorius AG, Eurofins Scientific SE, SGS AG, Thermo Fisher Scientific Inc, BioMerieux SA, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.8% of the global biological safety testing products and services 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 biological safety testing products and 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 86.0 million by 2030.
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Biological Safety Testing Products And Services Market Scope
Biological Safety Testing Products And Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa biological safety testing products and 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 biological safety testing products and services market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 39.84% in 2023. Horizon Databook has segmented the South Africa biological safety testing products and services market based on reagents & kits, services, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing disease burden leading to high-scale consumption of drugs and biologics is driving the clinical need to incorporate safety testing tools in this region over the forecast period. Additionally, growing awareness levels are anticipated to impel the demand for biological safety testing tools in this region.
Since 2014, the need to fast track the approval process for vaccines and therapies for Ebola in South Africa has been made the focus by the U.S. FDA, which has increased the requirement for safety assessment tools to assure biological product safety.
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Target buyers of South Africa biological safety testing products and services market databook
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Our clientele includes a mix of biological safety testing products and 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 biological safety testing products and services market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biological safety testing products and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa biological safety testing products and services market size, by product, 2018-2030 (US$M)
South Africa Biological Safety Testing Products And Services Market Outlook Share, 2023 & 2030 (US$M)
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