South Africa Biosensors Market Size & Outlook, 2022-2030
South Africa biosensors market, 2018-2030 (US$M)
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South Africa biosensors market highlights
- The South Africa biosensors market generated a revenue of USD 481.3 million in 2022 and is expected to reach USD 1,071.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.5% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Optical is the most lucrative technology segment registering the fastest growth during the forecast period.
Biosensors market data book summary
| Market revenue in 2022 | USD 481.3 million |
| Market revenue in 2030 | USD 1,071.2 million |
| Growth rate | 10.5% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Optical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, Electrochemical, Piezoeletric, Optical |
| Key market players worldwide | Bio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.8% of the global biosensors market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Middle East & Africa and is projected to reach USD 899.4 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa biosensors 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 biosensors market will help companies and investors design strategic landscapes.
Electrochemical was the largest segment with a revenue share of 71.33% in 2022. Horizon Databook has segmented the South Africa biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa biosensors market is anticipated to witness the fastest growth over the forecast period. Economic development and presence of high unmet healthcare needs are among the major drivers of South Africa biosensors market.
Moreover, high healthcare expenditure and rising awareness about advanced treatment options are anticipated to boost the market growth over the forecast period. In addition, rising prevalence of diabetes in the country is anticipated to fuel the market growth.
According to a report published by NCBI, diabetes is the seventh most common cause of morbidity and mortality in the country. Major factors leading to an increase in the incidence of diabetes include lack of physical activity, high fasting blood glucose, poor diet, and obesity.
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Our clientele includes a mix of biosensors 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa biosensors market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa biosensors market size, by technology, 2018-2030 (US$M)
South Africa Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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