South Africa Chemiluminescence Immunoassay Market Size & Outlook
South Africa chemiluminescence immunoassay market, 2016-2028 (US$M)
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South Africa chemiluminescence immunoassay market highlights
- The South Africa chemiluminescence immunoassay market generated a revenue of USD 62.6 million in 2020 and is expected to reach USD 122.0 million by 2028.
- The South Africa market is expected to grow at a CAGR of 8.7% from 2021 to 2028.
- In terms of segment, consumables was the largest revenue generating product & services in 2020.
- Consumables is the most lucrative product & services segment registering the fastest growth during the forecast period.
Chemiluminescence immunoassay market data book summary
| Market revenue in 2020 | USD 62.6 million |
| Market revenue in 2028 | USD 122.0 million |
| Growth rate | 8.7% (CAGR from 2020 to 2028) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Software & Services |
| Key market players worldwide | Diasorin SpA, Abbott Laboratories, Siemens Healthineers AG ADR, QuidelOrtho Corp, shenzhen mindray automation equipment co., Immunodiagnostic Systems, Beckman Coulter, Roche Holding AG ADR, Roche, Inova Diagnostics, Maccura |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.9% of the global chemiluminescence immunoassay market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, South Africa chemiluminescence immunoassay 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 122.0 million by 2028.
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Chemiluminescence Immunoassay Market Scope
Chemiluminescence Immunoassay Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa chemiluminescence immunoassay 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 chemiluminescence immunoassay market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 66.29% in 2020. Horizon Databook has segmented the South Africa chemiluminescence immunoassay market based on consumables, instruments, software & services covering the revenue growth of each sub-segment from 2016 to 2028.
Economic development of South Africa and high unmet healthcare needs are among major factors driving the growth of South Africa chemiluminescence immunoassay market. Increase in healthcare spending and rise in the demand for advanced techniques for diagnosis & treatment of infectious & other chronic diseases are among the factors expected to boost the market during the forecast period.
Moreover, the government is undertaking initiatives to regulate the healthcare industry in South Africa, which is expected to support the market in the near future. However, inadequate awareness about diseases, unfavorable reimbursement scenarios, and scarcity of skilled professionals are anticipated to be some prominent factors limiting the adoption of diagnostic solutions in the country, thus hampering market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa chemiluminescence immunoassay market , including forecasts for subscribers. This country databook contains high-level insights into South Africa chemiluminescence immunoassay market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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South Africa chemiluminescence immunoassay market size, by product & services, 2016-2028 (US$M)
South Africa Chemiluminescence Immunoassay Market Outlook Share, 2020 & 2028 (US$M)
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