South Africa Dna Synthesis Market Size & Outlook, 2023-2030
South Africa dna synthesis market, 2018-2030 (US$M)
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South Africa dna synthesis market highlights
- The South Africa dna synthesis market generated a revenue of USD 18.8 million in 2023 and is expected to reach USD 40.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11.4% from 2024 to 2030.
- In terms of segment, oligonucleotide synthesis was the largest revenue generating service type in 2023.
- Gene Synthesis is the most lucrative service type segment registering the fastest growth during the forecast period.
Dna synthesis market data book summary
| Market revenue in 2023 | USD 18.8 million |
| Market revenue in 2030 | USD 40.0 million |
| Growth rate | 11.4% (CAGR from 2023 to 2030) |
| Largest segment | Oligonucleotide synthesis |
| Fastest growing segment | Gene Synthesis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oligonucleotide Synthesis, Gene Synthesis |
| Key market players worldwide | Thermo Fisher Scientific Inc, Twist Bioscience Corp, Codexis Inc, LGC Group, Eurofins Scientific SE, Genscript Biotech Corp Class H, Bioneer, IBA Lifesciences, Danaher Corp, Quintarabio |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global dna synthesis market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia dna synthesis 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 41.8 million by 2030.
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DNA Synthesis Market Scope
DNA Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa dna synthesis 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 synthesis market will help companies and investors design strategic landscapes.
Oligonucleotide synthesis was the largest segment with a revenue share of 56.38% in 2023. Horizon Databook has segmented the South Africa dna synthesis market based on oligonucleotide synthesis, gene synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa faces a significant burden of infectious diseases, such as HIV/AIDS and tuberculosis. Oligonucleotides and genomic pools are crucial in the R&D of diagnostics and therapeutics for these diseases.
In addition, universities and research institutions are strengthening R&D efforts in biotechnology & genomics, driving the demand for research-grade oligonucleotides and fueling the DNA synthesis market.
Furthermore, the increasing number of collaborations among healthcare organizations and companies is expected to accelerate market growth. For instance, in September 2021, BC Platforms and the African Institute of Everyone Genome (AiEG) strategically collaborated to develop a robust and integrated genomics data biobank in Africa.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa dna synthesis market, including forecasts for subscribers. This country databook contains high-level insights into South Africa dna synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa dna synthesis market report size, by service type, 2018-2030 (US$M)
South Africa DNA Synthesis Market Share, 2023 & 2030 (US$M)
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