South Africa Dna Sequencing Market Size & Outlook
South Africa dna sequencing market, 2018-2030 (US$M)
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South Africa dna sequencing market highlights
- The South Africa dna sequencing market generated a revenue of USD 79.5 million in 2023 and is expected to reach USD 206.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 14.6% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product & service in 2023.
- Services is the most lucrative product & service segment registering the fastest growth during the forecast period.
Dna sequencing market data book summary
| Market revenue in 2023 | USD 79.5 million |
| Market revenue in 2030 | USD 206.7 million |
| Growth rate | 14.6% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Agilent Technologies Inc, Illumina Inc, Qiagen NV, Roche Holding AG, Macrogenics Inc, PerkinElmer, Pacific Biosciences of California Inc, BGI Group, BGC Group Inc Ordinary Shares Class A, Bio-Rad Laboratories Inc, Myriad Genetics Inc, PierianDx, Eurofins Scientific SE |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global dna sequencing 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 dna sequencing market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 202.3 million by 2030.
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DNA Sequencing Market Scope
DNA Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa dna sequencing 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 dna sequencing market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 49.18% in 2023. Horizon Databook has segmented the South Africa dna sequencing market based on consumables, instruments, services covering the revenue growth of each sub-segment from 2018 to 2030.
NGS applications are still at a nascent stage in South Africa. However, there is a presence of key players in this market through service provider companies such as In qaba Biotec, which provide sequencing platform services for genome sequencing, exome sequencing, and other NGS applications.
There is also presence of bioinformatics and genetic sequencing institutions such as The South African National Bioinformatics Institute (SANBI) within the University of Western Cape and The Next Generation Sequencing Facility (NGSF). Such institutions also have laboratories with NGS capabilities for research and academics.
The presence of several service providers, CROs, and distribution networks of international players offering sequencing platforms & services for genome sequencing, exome sequencing, and others drives regional growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa dna sequencing market , including forecasts for subscribers. This country databook contains high-level insights into South Africa dna sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa dna sequencing market size, by product & service, 2018-2030 (US$M)
South Africa DNA Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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