South Africa Clinical Trial Biorepository & Archiving Solutions Market Size & Outlook
South Africa clinical trial biorepository & archiving solutions market, 2018-2030 (US$M)
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South Africa clinical trial biorepository & archiving solutions market highlights
- The South Africa clinical trial biorepository & archiving solutions market generated a revenue of USD 16.6 million in 2023 and is expected to reach USD 30.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, biorepository services was the largest revenue generating service in 2023.
- Biorepository Services is the most lucrative service segment registering the fastest growth during the forecast period.
Clinical trial biorepository & archiving solutions market data book summary
| Market revenue in 2023 | USD 16.6 million |
| Market revenue in 2030 | USD 30.9 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Biorepository services |
| Fastest growing segment | Biorepository Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biorepository Services, Archiving Solution Services |
| Key market players worldwide | Azenta Inc, Thermo Fisher Scientific Inc, Precision for Medicine, Medpace Holdings Inc, Labcorp Drug Development, ATCC, Q2 Solutions, LabConnect, Charles River Laboratories International Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% of the global clinical trial biorepository & archiving solutions 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 clinical trial biorepository & archiving solutions market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 15.3 million by 2030.
Biorepository services was the largest segment with a revenue share of 66.27% in 2023. Horizon Databook has segmented the South Africa clinical trial biorepository & archiving solutions market based on biorepository services, archiving solution services covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is one of the lucrative countries for conducting clinical trials by multinational biopharmaceutical companies. Presence of well-established research industry, which complies with International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) & FDA standards, and diverse population as well as low cost of trials are expected to be some of the primary drivers of the market.
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Clinical Trial Biorepository & Archiving Solutions Market Scope
Clinical Trial Biorepository & Archiving Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa clinical trial biorepository & archiving solutions market size, by service, 2018-2030 (US$M)
South Africa Clinical Trial Biorepository & Archiving Solutions Market Outlook Share, 2023 & 2030 (US$M)
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