South Africa Cell Culture Market Size & Outlook, 2023-2030
South Africa cell culture market, 2018-2030 (US$M)
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South Africa cell culture market highlights
- The South Africa cell culture market generated a revenue of USD 152.2 million in 2023 and is expected to reach USD 304.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture market data book summary
| Market revenue in 2023 | USD 152.2 million |
| Market revenue in 2030 | USD 304.0 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, Corning Inc, Avantor Inc, BD, Eppendorf, Bio-Techne Corp, PromoCell GmbH |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.8% of the global cell culture market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cell culture 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 242.1 million by 2030.
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Cell Culture Market Scope
Cell Culture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa cell culture 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 cell culture market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 57.49% in 2023. Horizon Databook has segmented the South Africa cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
In South Africa, organizations such as the Centre for Proteomic and Genomic Research (CPGR) enable cell culture-based screening for faster drug development, creating a demand for cell culture products. Key players operating in the country include Merck KGaA, Sartorius, Thermo Fisher Scientific, and others. Moreover, increased interest by global players in setting up manufacturing units for vaccines in the country is expected to contribute to market growth.
For instance, in September 2021, Numolux Group and Sinovac Biotech entered into a discussion to develop a new manufacturing facility for vaccines in South Africa for various diseases. This is anticipated to generate market demand for cell culture products in the coming years.
Furthermore, increasing workshops & symposiums on cell culture technologies in the country are anticipated to spread awareness about advanced cell biology technologies in South Africa. For instance, in 2019, the ninth IDA Symposium & Flow Cytometry Workshop was held in Cape Town, South Africa. Such workshops can increase the scientific awareness surrounding cell biology research and promote the adoption of cell culture products in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa cell culture market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cell culture market size, by product, 2018-2030 (US$M)
South Africa Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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