South Africa Central Nervous System Therapeutic Market Size & Outlook
South Africa central nervous system therapeutic market, 2018-2028 (US$M)
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South Africa central nervous system therapeutic market highlights
- The South Africa central nervous system therapeutic market generated a revenue of USD 567.5 million in 2020 and is expected to reach USD 924.1 million by 2028.
- The South Africa market is expected to grow at a CAGR of 6.3% from 2021 to 2028.
- In terms of segment, mental health was the largest revenue generating disease in 2020.
- CNS Cancer is the most lucrative disease segment registering the fastest growth during the forecast period.
Central nervous system therapeutic market data book summary
| Market revenue in 2020 | USD 567.5 million |
| Market revenue in 2028 | USD 924.1 million |
| Growth rate | 6.3% (CAGR from 2020 to 2028) |
| Largest segment | Mental health |
| Fastest growing segment | CNS Cancer |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Neurovascular Diseases, CNS Trauma, Mental Health, Neurodegenerative Diseases, Infectious Diseases, CNS Cancer |
| Key market players worldwide | Biogen Inc, Otsuka Pharmaceutical, Eli Lilly and Co, Merck & Co Inc, AstraZeneca PLC, Novartis AG ADR, Teva Pharmaceutical Industries Ltd, Johnson & Johnson, Pfizer Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global central nervous system therapeutic 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 central nervous system therapeutic market is projected to lead the regional market in terms of revenue in 2028.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 924.1 million by 2028.
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Central Nervous System Therapeutic Market Scope
Central Nervous System Therapeutic Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa central nervous system therapeutic 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 central nervous system therapeutic market will help companies and investors design strategic landscapes.
Mental health was the largest segment with a revenue share of 49.27% in 2020. Horizon Databook has segmented the South Africa central nervous system therapeutic market based on neurovascular diseases, cns trauma, mental health, neurodegenerative diseases, infectious diseases, cns cancer covering the revenue growth of each sub-segment from 2018 to 2028.
Neuropsychiatry disorders are the third biggest healthcare burden in the country, after HIV/AIDS and other infectious diseases. On the other hand, the prevalence of dementia is estimated to be ~8% with higher prevalence levels in the older age group (over 65 years).
As per the World Alzheimer’s report, approximately 187,000 individuals aged 65 & above are living with dementia in South Africa, and this number is predicted to rise to 250,000 by 2030, mainly due to a concurrent increase in older people in the region.
The most commonly prescribed drugs for Alzheimer’s in the region include donepezil (Aricept), rivastigmine (Exelon) and galantamine (Reminyl). South Africa aims to create future leaders in mental, neurological.
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Our clientele includes a mix of central nervous system therapeutic 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 central nervous system therapeutic market , including forecasts for subscribers. This country databook contains high-level insights into South Africa central nervous system therapeutic market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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South Africa central nervous system therapeutic market size, by disease, 2018-2028 (US$M)
South Africa Central Nervous System Therapeutic Market Outlook Share, 2020 & 2028 (US$M)
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