South Africa Fusion Biopsy Market Size & Outlook
South Africa fusion biopsy market, 2018-2030 (US$M)
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South Africa fusion biopsy market highlights
- The South Africa fusion biopsy market generated a revenue of USD 4.8 million in 2023 and is expected to reach USD 8.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, transrectal was the largest revenue generating biopsy route in 2023.
- Transperineal is the most lucrative biopsy route segment registering the fastest growth during the forecast period.
Fusion biopsy market data book summary
| Market revenue in 2023 | USD 4.8 million |
| Market revenue in 2030 | USD 8.6 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Transrectal |
| Fastest growing segment | Transperineal |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transrectal, Transperineal |
| Key market players worldwide | Koninklijke Philips NV, Hitachi Ltd, Esaote, Eigen, MedCom, Koelis, Focal Healthcare, UC Care |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.8% of the global fusion biopsy 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 fusion biopsy 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 8.6 million by 2030.
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Fusion Biopsy Market Scope
Fusion Biopsy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa fusion biopsy 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 fusion biopsy market will help companies and investors design strategic landscapes.
Transrectal was the largest segment with a revenue share of 87.5% in 2023. Horizon Databook has segmented the South Africa fusion biopsy market based on transrectal, transperineal covering the revenue growth of each sub-segment from 2018 to 2030.
The growing incidence of prostate cancer and increasing geriatric population are expected to drive the market over the forecast period. According to the Cancer Association of South Africa, prostate cancer is the second most common cause of cancer-related death in South Africa, with a 1:19 risk for individuals being diagnosed.
Other factors likely to increase the risk of prostate cancer are ethnicity, obesity, family history, and certain dietary factors. According to the International Agency for Research on Cancer, in 2018, there were 12,452 new cases of prostate cancer reported in South Africa. The abovementioned factors are expected to boost the demand for prostate biopsies in South Africa over the coming years.
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Our clientele includes a mix of fusion biopsy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa fusion biopsy market , including forecasts for subscribers. This country databook contains high-level insights into South Africa fusion biopsy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa fusion biopsy market size, by biopsy route, 2018-2030 (US$M)
South Africa Fusion Biopsy Market Outlook Share, 2023 & 2030 (US$M)
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