South Africa Clinical Trials Market Size & Outlook
South Africa clinical trials market, 2018-2030 (US$M)
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South Africa clinical trials market highlights
- The South Africa clinical trials market generated a revenue of USD 323.9 million in 2023 and is expected to reach USD 495.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.3% 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 trials market data book summary
| Market revenue in 2023 | USD 323.9 million |
| Market revenue in 2030 | USD 495.5 million |
| Growth rate | 6.3% (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, Icon PLC, Charles River Laboratories International Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, PAREXEL, Wuxi AppTec Co Ltd, Labcorp Holdings Inc, Eli Lilly and Co, Novo Nordisk A/S ADR, Pfizer Inc, Caidya |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% of the global clinical trials 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 trials market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 495.5 million by 2030.
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Clinical Trials Market Scope
Clinical Trials Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa clinical trials 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 trials market will help companies and investors design strategic landscapes.
Phase iii was the largest segment with a revenue share of 52.92% in 2023. Horizon Databook has segmented the South Africa clinical trials 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 experience growth owing to the well-established infrastructure, diverse population base, plenty of experts, formation of separate drug regulatory agency, and easy patient recruitment.
To speed up the drug registration process, the South African Health Products Regulatory Authority (SAHPRA) was established in August 2013. In November 2023, UNITE4TB announced the phase 2B/C clinical trial with the first patient enrolled at its trial site in South Africa & Cape Town.
The clinical trial program is a milestone for combating TB by enhancing the efficiency of new treatments. Therefore, increasing number of HIV is anticipated to initiate new clinical trials in South Africa. The majority of the registered trials are for HIV and TB. This has boosted outsourcing by international players to South Africa.
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Our clientele includes a mix of clinical trials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa clinical trials market , including forecasts for subscribers. This country databook contains high-level insights into South Africa clinical trials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa clinical trials market size, by phase, 2018-2030 (US$M)
South Africa Clinical Trials Market Outlook Share, 2023 & 2030 (US$M)
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