South Africa Biotechnology Reagents & Kits Market Size & Outlook
South Africa biotechnology reagents & kits market, 2018-2028 (US$B)
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South Africa biotechnology reagents & kits market highlights
- The South Africa biotechnology reagents & kits market generated a revenue of USD 0.4 billion in 2020 and is expected to reach USD 0.9 billion by 2028.
- The South Africa market is expected to grow at a CAGR of 12.7% from 2021 to 2028.
- In terms of segment, amplification kits was the largest revenue generating kit type in 2020.
- Detection Kits is the most lucrative kit type segment registering the fastest growth during the forecast period.
Biotechnology reagents & kits market data book summary
| Market revenue in 2020 | USD 0.4 billion |
| Market revenue in 2028 | USD 0.9 billion |
| Growth rate | 12.7% (CAGR from 2020 to 2028) |
| Largest segment | Amplification kits |
| Fastest growing segment | Detection Kits |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Purification Kits, Amplification Kits, Detection Kits, Isolation Kits |
| Key market players worldwide | Thermo Fisher Scientific Inc, Qiagen NV, New England Biolabs, Illumina Inc, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Merck KGaA, Promega, Takara Bio Inc, LGC Group, Toyobo Co Ltd |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.1% of the global biotechnology reagents & kits market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, Saudi Arabia biotechnology reagents & kits market is projected to lead the regional market in terms of revenue in 2028.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1.0 billion by 2028.
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Biotechnology Reagents & Kits Market Scope
Biotechnology Reagents & Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa biotechnology reagents & kits 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 biotechnology reagents & kits market will help companies and investors design strategic landscapes.
Amplification kits was the largest segment with a revenue share of 25% in 2020. Horizon Databook has segmented the South Africa biotechnology reagents & kits market based on purification kits, amplification kits, detection kits, isolation kits covering the revenue growth of each sub-segment from 2018 to 2028.
Strong government support drives market demand. South Africa is the leading region in agricultural biotech, with around 80% of its soybeans and maize genetically modified. In 2014, the South African government introduced a bioeconomic development goal.
Furthermore, evolving biotechnological industry in South Africa has led to development of a strong network with Indian and European companies, and this has been reflected by an increase in product imports in the country over the years.
The restriction on genetically modified organisms in South Africa is restraining growth of the market. A GMO-related activity cannot be conducted in the region without permission. This act restricted R&D, manufacturing, and marketing of GMO.
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Our clientele includes a mix of biotechnology reagents & kits 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa biotechnology reagents & kits market , including forecasts for subscribers. This country databook contains high-level insights into South Africa biotechnology reagents & kits market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa biotechnology reagents & kits market size, by kit type, 2018-2028 (US$B)
South Africa Biotechnology Reagents & Kits Market Outlook Share, 2020 & 2028 (US$B)
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