South Africa Biomarkers Market Size & Outlook, 2023-2030

The biomarkers market in South Africa is expected to reach a projected revenue of US$ 861.8 million by 2030. A compound annual growth rate of 14.1% is expected of South Africa biomarkers market from 2024 to 2030.
Revenue, 2023 (US$M)
$342.8
Forecast, 2030 (US$M)
$861.8
CAGR, 2024 - 2030
14.1%
Report Coverage
South Africa

South Africa biomarkers market highlights

  • The South Africa biomarkers market generated a revenue of USD 342.8 million in 2023 and is expected to reach USD 861.8 million by 2030.
  • The South Africa market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
  • In terms of segment, safety was the largest revenue generating type in 2023.
  • Efficacy is the most lucrative type segment registering the fastest growth during the forecast period.


Biomarkers market data book summary

Market revenue in 2023USD 342.8 million
Market revenue in 2030USD 861.8 million
Growth rate14.1% (CAGR from 2023 to 2030)
Largest segmentSafety
Fastest growing segmentEfficacy
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSafety, Efficacy, Validation


Other key industry trends

  • In terms of revenue, South Africa accounted for 0.4% of the global biomarkers market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, Saudi Arabia biomarkers 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 723.3 million by 2030.

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Biomarkers Market Companies

Name Profile # Employees HQ Website

South Africa biomarkers 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 biomarkers market will help companies and investors design strategic landscapes.


Safety was the largest segment with a revenue share of 38.19% in 2023. Horizon Databook has segmented the South Africa biomarkers market based on safety, efficacy, validation covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Africa biomarkers market databook

  • Our clientele includes a mix of biomarkers market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 biomarkers market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biomarkers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Africa biomarkers market size, by type, 2018-2030 (US$M)

South Africa Biomarkers Market Outlook Share, 2023 & 2030 (US$M)

South Africa biomarkers market size, by type, 2018-2030 (US$M)

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