Market revenue in 2022 | USD 5.4 million |
Market revenue in 2030 | USD 17.5 million |
Growth rate | 15.8% (CAGR from 2022 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 | Product, Service |
Key market players worldwide | Azenta Inc, Tecan Group AG, Hamilton Lane Inc Class A, Evotec SE, LiCONiC, SPT Labtech, BioAscent, Beckman Coulter, Axxam |
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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 61.11% in 2022. Horizon Databook has segmented the South Africa compound management market based on product, service 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.
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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