South Africa Compound Management Market Size & Outlook

The compound management market in South Africa is expected to reach a projected revenue of US$ 17.5 million by 2030. A compound annual growth rate of 15.8% is expected of South Africa compound management market from 2023 to 2030.
Revenue, 2022 (US$M)
$5.4
Forecast, 2030 (US$M)
$17.5
CAGR, 2023 - 2030
15.8%
Report Coverage
South Africa

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 15.8% 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 2022USD 5.4 million
Market revenue in 2030USD 17.5 million
Growth rate15.8% (CAGR from 2022 to 2030)
Largest segmentProduct
Fastest growing segmentService
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationProduct, Service
Key market players worldwideAzenta 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 segmentation & scope
Automated Compound/Sample Storage Systems
Automated Liquid Handling Systems
Other Compound/Sample Storage Systems
Service
Chemical Compounds
Bio samples
Drug Discovery
Gene synthesis
Biobanking
Others
Pharmaceutical Companies
Biopharmaceutical Companies
Contract Research Organizations
Others

Compound Management Market Companies

Name Profile # Employees HQ Website

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 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.

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Target buyers of South Africa compound management market databook

  • Our clientele includes a mix of compound management market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 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)

South Africa compound management market size, by type, 2018-2030 (US$M)

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