South Africa Human Embryonic Stem Cells Market Size & Outlook
South Africa human embryonic stem cells market, 2018-2030 (US$M)
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South Africa human embryonic stem cells market highlights
- The South Africa human embryonic stem cells market generated a revenue of USD 16.7 million in 2023 and is expected to reach USD 32.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, regenerative medicine was the largest revenue generating application in 2023.
- Drug Discovery & Development is the most lucrative application segment registering the fastest growth during the forecast period.
Human embryonic stem cells market data book summary
| Market revenue in 2023 | USD 16.7 million |
| Market revenue in 2030 | USD 32.4 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Regenerative medicine |
| Fastest growing segment | Drug Discovery & Development |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Regenerative Medicine, Drug Discovery & Development |
| Key market players worldwide | Thermo Fisher Scientific Inc, Sartorius Stedim Biotech SA, Element Solutions Inc, PromoCell GmbH, Lonza Group Ltd, LifeCell International, Gilead Sciences Inc, International Stem Cell Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global human embryonic stem cells 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 human embryonic stem cells market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12.8 million by 2030.
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Human Embryonic Stem Cells Market Scope
Human Embryonic Stem Cells Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa human embryonic stem cells 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 human embryonic stem cells market will help companies and investors design strategic landscapes.
Regenerative medicine was the largest segment with a revenue share of 90.42% in 2023. Horizon Databook has segmented the South Africa human embryonic stem cells market based on regenerative medicine, drug discovery & development covering the revenue growth of each sub-segment from 2018 to 2030.
Human embryonic stem cells/genome editing applications are present at a nascent stage in South Africa. The regulatory policy considers destruction of embryos unethical thus, opposition for the use of stem cell exists in the region.
Introduction of Human Tissues Act and National Health Act along with rising presence of distribution network of international companies in this region is expected to positively influence the growth of the market in the near future.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa human embryonic stem cells market , including forecasts for subscribers. This country databook contains high-level insights into South Africa human embryonic stem cells market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa human embryonic stem cells market size, by application, 2018-2030 (US$M)
South Africa Human Embryonic Stem Cells Market Outlook Share, 2023 & 2030 (US$M)
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