South Africa Drug Testing Market Size & Outlook, 2023-2030
South Africa drug testing market, 2018-2030 (US$M)
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South Africa drug testing market highlights
- The South Africa drug testing market generated a revenue of USD 41.7 million in 2023 and is expected to reach USD 52.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.5% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Rapid Testing Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Drug testing market data book summary
| Market revenue in 2023 | USD 41.7 million |
| Market revenue in 2030 | USD 52.9 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Rapid Testing Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Rapid Testing Devices, Services |
| Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, QuidelOrtho Corp, Roche Holding AG ADR, Thermo Fisher Scientific Inc, Siemens Healthineers AG ADR, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Labcorp Holdings Inc, Clinical Reference Laboratory, Cordant Health Solutions, Legacy Medical, Draegerwerk AG & Co KGaA, Omega Laboratories |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.7% of the global drug testing 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 drug testing 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 52.9 million by 2030.
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Drug Testing Market Scope
Drug Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa drug testing 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 drug testing market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 35.97% in 2023. Horizon Databook has segmented the South Africa drug testing market based on consumables, instruments, rapid testing devices, services covering the revenue growth of each sub-segment from 2018 to 2030.
In South Africa, drug testing is regulated by the South African Health Products Regulatory Authority (SAHPRA). SAHPRA is responsible for regulating the quality, safety, and efficacy of health products in South Africa, including medicines, medical devices, and in vitro diagnostics.
SAHPRA requires that all new pharmaceuticals undergo preclinical testing to determine their safety before they can be approved for human use. This includes drug testing to evaluate the potentially toxic effects of the drug candidate.
SAHPRA also requires that all testing facilities comply with Good Laboratory Practice (GLP) standards to ensure the accuracy and reliability of test results.
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Our clientele includes a mix of drug testing 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa drug testing market , including forecasts for subscribers. This country databook contains high-level insights into South Africa drug testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa drug testing market size, by product, 2018-2030 (US$M)
South Africa Drug Testing Market Outlook Share, 2023 & 2030 (US$M)
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