South Africa Compound Management Market Size & Outlook
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South Africa compound management market highlights
- The South Africa compound management market generated a revenue of USD 5.4 million in 2022 and is expected to reach USD 17.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 16% from 2023 to 2030.
- In terms of segment, product was the largest revenue generating type in 2022.
- Service is the most lucrative type segment registering the fastest growth during the forecast period.
Compound management market data book summary
| Market revenue in 2022 | USD 5.4 million |
| Market revenue in 2030 | USD 17.5 million |
| Growth rate | 16% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Service |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Service, Product |
| Key market players worldwide | Azenta Inc, Tecan Group AG, Hamilton Lane Inc Class A, Evotec SE, LiCONiC, SPT Labtech, BioAscent, Beckman Coulter, Axxam |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global compound management market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa compound management market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 16.2 million by 2030.
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Compound Management Market Scope
Compound Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Axxam | View profile | 51-100 | Milan, Lombardia, Italy, Europe | http://www.axxam.com/ |
| Beckman Coulter | View profile | 10001+ | Brea, California, United States, North America | http://www.beckmancoulter.com |
| BioAscent | View profile | 51-100 | Newhouse, North Lanarkshire, United Kingdom, Europe | http://www.bioascent.com/ |
| SPT Labtech | View profile | 101-250 | Melbourn, Cambridgeshire, United Kingdom, Europe | https://www.sptlabtech.com/ |
| LiCONiC | View profile | 101-250 | Mauren, Mauren, Liechtenstein, Europe | https://liconic.com |
| Evotec SE | View profile | 5055 | Essener Bogen 7, Manfred Eigen Campus, Hamburg, Germany, 22419 | https://www.evotec.com |
| Tecan Group AG | View profile | 3591 | Seestrasse 103, Mannedorf, Switzerland, 8708 | https://www.tecan.com |
| Azenta Inc | View profile | 3400 | 200 Summit Drive, 6th Floor, Burlington, MA, United States, 01803 | https://www.azenta.com |
| Hamilton Lane Inc Class A | View profile | 600 | 110 Washington Street, Suite 1300, Conshohocken, PA, United States, 19428 | https://www.hamiltonlane.com |
South Africa compound management 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 compound management market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 68.52% in 2022. Horizon Databook has segmented the South Africa compound management market based on service, product covering the revenue growth of each sub-segment from 2018 to 2030.
The South Africa compound management market is highly competitive and has many leading players contributing to the growth of the market in the country. Several top players, such as Hamilton Company, Bio Ascent, and Evotec, are adopting various strategies like product launches, mergers & acquisitions, and expansions to increase the availability of services and products in the country.
For instance, in February 2021, SPT Labtech LTD acquired Apricot Designs. With the acquisition, SPT Labtech can strategically broaden its offering of liquid handling automation solutions for structural biology, genomics, drug discovery, sample management, cryo-EM, and biobanking.
In South Africa, the regulatory framework for the pharmaceutical industry is overseen by the South African Health Products Regulatory Authority (SAHPRA). SAHPRA is responsible for the registration, regulation, and control of medicines, medical devices, & related products in South Africa.
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Our clientele includes a mix of compound management 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 compound management market , including forecasts for subscribers. This country databook contains high-level insights into South Africa compound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa compound management market size, by type, 2018-2030 (US$M)
South Africa Compound Management Market Outlook Share, 2022 & 2030 (US$M)
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