South Africa Covid-19 Diagnostics Market Size & Outlook
South Africa covid-19 diagnostics market, 2020-2030 (US$M)
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South Africa covid-19 diagnostics market highlights
- The South Africa covid-19 diagnostics market generated a revenue of USD 36.7 million in 2023 and is expected to reach USD 8.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of -18.5% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Covid-19 diagnostics market data book summary
| Market revenue in 2023 | USD 36.7 million |
| Market revenue in 2030 | USD 8.8 million |
| Growth rate | -18.5% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & Kits |
| Historical data | 2020 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Hologic Inc, Roche, PerkinElmer, Veredus Laboratories, QuidelOrtho Corp, Quest Diagnostics Inc, Luminex, Labcorp Holdings Inc, Abbott Laboratories, 1Drop Diagnostics, ADT Inc, Mylab Discovery Solutions, Neuberg Diagnostics, Aldatu Biosciences, altona Diagnostics GmbH |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.1% of the global covid-19 diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE covid-19 diagnostics 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 8.8 million by 2030.
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COVID-19 Diagnostics Market Scope
COVID-19 Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa covid-19 diagnostics 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 covid-19 diagnostics market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 67.57% in 2023. Horizon Databook has segmented the South Africa covid-19 diagnostics market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2020 to 2030.
South Africa witnessed a lower number of positive cases, due to which, the number of tests carried out in the country was lower than in other countries. According to a WHO assessment, only 14%, or one in seven COVID-19 infections, were being detected in Africa.
To reverse the trend and stop transmission, WHO Africa launched a new project to improve community screening for COVID-19 in eight countries. Rapid diagnostic tests became a part of the program's goal to reach more than 7 million people. Increasing government support and increased testing in the country would impact the country’s COVID19 diagnostic market positively.
Furthermore, in 2020, African CDC launched the Partnership to Accelerate COVID-19 Testing (PACT), which aims to treat, trace, and test COVID-19 cases that would further minimize the impact of the pandemic.
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Target buyers of South Africa covid-19 diagnostics market databook
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Our clientele includes a mix of covid-19 diagnostics 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 covid-19 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa covid-19 diagnostics market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa covid-19 diagnostics market size, by product, 2020-2030 (US$M)
South Africa COVID-19 Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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