South Africa Clinical Trial Patient Recruitment Services Market Size & Outlook
South Africa clinical trial patient recruitment services market, 2018-2030 (US$M)
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South Africa clinical trial patient recruitment services market highlights
- The South Africa clinical trial patient recruitment services market generated a revenue of USD 3.1 million in 2023 and is expected to reach USD 4.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, phase iii was the largest revenue generating phase in 2023.
- Phase I is the most lucrative phase segment registering the fastest growth during the forecast period.
Clinical trial patient recruitment services market data book summary
| Market revenue in 2023 | USD 3.1 million |
| Market revenue in 2030 | USD 4.8 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Phase iii |
| Fastest growing segment | Phase I |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Phase I, Phase II, Phase III, Phase IV |
| Key market players worldwide | Thermo Fisher Scientific Inc, IQVIA Holdings Inc, Clara Health, Antidote Health, BBK Worldwide, Clariness, Costas Inc, Worldwide Clinical Trials, Veristat, Elligo Health Research |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.3% of the global clinical trial patient recruitment services 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 patient recruitment services 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 4.7 million by 2030.
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Clinical Trial Patient Recruitment Services Market Scope
Clinical Trial Patient Recruitment Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa clinical trial patient recruitment services 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 clinical trial patient recruitment services market will help companies and investors design strategic landscapes.
Phase iii was the largest segment with a revenue share of 58.06% in 2023. Horizon Databook has segmented the South Africa clinical trial patient recruitment services market based on phase i, phase ii, phase iii, phase iv covering the revenue growth of each sub-segment from 2018 to 2030.
The South African market is expected to witness growth owing to the presence of well-established infrastructure, a diverse population, the availability of experts, the formation of a separate drug regulatory agency, and easy patient recruitment.
Clinical trials are outsourced to South Africa due to the easy availability of subjects, as many people have HIV/AIDS. There are around 25.6 million people in Africa suffering from HIV in 2022, of whom only 2.5 million have access to drugs.
There are more than 2,000 clinical trials registered on ClinicalTrails.gov. The majority of the registered trials are for HIV and tuberculosis. Thus, the increased demand for drug development & research and the growing number of clinical research outsourcing in the region are expected to boost market growth.
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Target buyers of South Africa clinical trial patient recruitment services market databook
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Our clientele includes a mix of clinical trial patient recruitment services 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa clinical trial patient recruitment services market , including forecasts for subscribers. This country databook contains high-level insights into South Africa clinical trial patient recruitment services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa clinical trial patient recruitment services market size, by phase, 2018-2030 (US$M)
South Africa Clinical Trial Patient Recruitment Services Market Outlook Share, 2023 & 2030 (US$M)
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