South Africa Flow Cytometry Market Size & Outlook
South Africa flow cytometry market, 2018-2030 (US$M)
Related Markets
South Africa flow cytometry market highlights
- The South Africa flow cytometry market generated a revenue of USD 17.4 million in 2023 and is expected to reach USD 25.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Flow cytometry market data book summary
| Market revenue in 2023 | USD 17.4 million |
| Market revenue in 2030 | USD 25.4 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Consumables, Software, Accessories, Services |
| Key market players worldwide | Danaher Corp, BD, Sysmex Corp, Agilent Technologies, Apogee Enterprises Inc, Bio-Rad Laboratories Inc Class A, Thermo Fisher Scientific Inc, Wipro Ltd ADR, Diasorin SpA, Miltenyi Biotec, Sony Group Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% of the global flow cytometry 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 flow cytometry 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 43.7 million by 2030.
Instruments was the largest segment with a revenue share of 33.91% in 2023. Horizon Databook has segmented the South Africa flow cytometry market based on instruments, reagents & consumables, software, accessories, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa flow cytometry market is anticipated to exhibit moderate growth during the forecast period. This moderate growth can be attributed to the presence of a diminutive biotechnology industry and inadequate scientific R&D initiatives in the country.
Moreover, the budget allocated to science R&D is much lower in the country, which further limits the adoption of advanced flow cytometry products. However, increasing public-private investments for supporting the biotechnology sector in the country are anticipated to create lucrative growth opportunities in the near future.
Furthermore, increasing workshops and symposiums on flow cytometry in the country are anticipated to spread awareness about advanced flow cytometry technologies in South Africa. For instance, in 2019, 9th IDA Symposium and Flow Cytometry Workshop was held in Cape Town, South Africa.
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Flow Cytometry Market Scope
Flow Cytometry Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa flow cytometry market size, by product, 2018-2030 (US$M)
South Africa Flow Cytometry Market Outlook Share, 2023 & 2030 (US$M)
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