South Africa Blood Cancer Diagnostics Market Size & Outlook
South Africa blood cancer diagnostics market, 2018-2030 (US$M)
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South Africa blood cancer diagnostics market highlights
- The South Africa blood cancer diagnostics market generated a revenue of USD 41.4 million in 2023 and is expected to reach USD 64.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Research & Manufacturing is the most lucrative end use segment registering the fastest growth during the forecast period.
Blood cancer diagnostics market data book summary
| Market revenue in 2023 | USD 41.4 million |
| Market revenue in 2030 | USD 64.2 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Research & Manufacturing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Research & Manufacturing |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Roche Holding AG, Qiagen NV, Becton Dickinson & Co, Siemens Healthineers AG ADR, Thermo Fisher Scientific Inc, Hologic Inc, Koninklijke Philips NV, Illumina Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% of the global blood cancer diagnostics 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 blood cancer diagnostics 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 36.8 million by 2030.
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Blood Cancer Diagnostics Market Scope
Blood Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa blood cancer diagnostics 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 blood cancer diagnostics market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 67.87% in 2023. Horizon Databook has segmented the South Africa blood cancer diagnostics market based on hospitals, outpatient facilities, research & manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
The market is driven by high prevalence of blood cancer. Every 5 minutes in South Africa someone is diagnosed with blood cancer. Various government-backed awareness programs are driving the adoption of diagnostic procedures among the population.
For instance, the “Make Blood Cancer Visible” campaign highlights the alarming statistics surrounding blood cancer in South Africa, where over 10,000 new cases are diagnosed every year. The initiative encourages patients to be aware of the signs and symptoms of blood cancer, such as unexplained fatigue, weight loss, & bruising, and to seek medical help if they experience any unusual symptoms.
The organization aims to establish a registry of volunteer donors from across Africa to increase the chances of finding a matching donor for patients, register potential donors, and promote awareness about stem cell donation.
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Our clientele includes a mix of blood cancer diagnostics 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 blood cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa blood cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa blood cancer diagnostics market size, by end use, 2018-2030 (US$M)
South Africa Blood Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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