South Africa Blood Transfusion Diagnostics Market Size & Outlook
South Africa blood transfusion diagnostics market, 2016-2027 (US$M)
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South Africa blood transfusion diagnostics market highlights
- The South Africa blood transfusion diagnostics market generated a revenue of USD 36.1 million in 2020 and is expected to reach USD 59.5 million by 2027.
- The South Africa market is expected to grow at a CAGR of 7.4% from 2021 to 2027.
- In terms of segment, reagents & kits was the largest revenue generating product in 2020.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Blood transfusion diagnostics market data book summary
| Market revenue in 2020 | USD 36.1 million |
| Market revenue in 2027 | USD 59.5 million |
| Growth rate | 7.4% (CAGR from 2020 to 2027) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents & Kits, Instruments |
| Key market players worldwide | Grifols SA Ordinary Shares - Class A, Bio-Rad Laboratories Inc, Roche Holding AG ADR, Quotient Sciences, Abbott Laboratories, BioMerieux SA, Siemens Healthineers AG ADR, MedGenome, Beckman Coulter |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.0% of the global blood transfusion diagnostics market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, South Africa blood transfusion diagnostics market is projected to lead the regional market in terms of revenue in 2027.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 44.6 million by 2027.
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Blood Transfusion Diagnostics Market Scope
Blood Transfusion Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa blood transfusion 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 transfusion diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 66.48% in 2020. Horizon Databook has segmented the South Africa blood transfusion diagnostics market based on reagents & kits, instruments covering the revenue growth of each sub-segment from 2016 to 2027.
The scope for expansion of blood transfusion diagnostics market in South Africa is immense as it is an underdeveloped market. Less than 1% of the population is actively donating blood, while the requirement is 810,000 units of blood in a year.
The need for blood transfusions is increasing with growing number of accident victims, anemic patients, and surgeries. The process of collecting blood is relatively expensive in South Africa than that in other countries, therefore, hospitals need to purchase the blood.
The donor is required to undergo a medical checkup to ensure the safety of the blood, as South Africa has recorded a considerable number of HIV and other infection cases. The region lacks awareness about blood donation and has a different perception of mistrust and racial discrimination. Hence, the donor pool does not represent the whole population.
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Our clientele includes a mix of blood transfusion diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa blood transfusion diagnostics market, including forecasts for subscribers. This country databook contains high-level insights into South Africa blood transfusion diagnostics market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Africa blood transfusion diagnostics market size, by product, 2016-2027 (US$M)
South Africa Blood Transfusion Diagnostics Market Share, 2020 & 2027 (US$M)
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