South Africa In Vitro Fertilization Microscopes Market Size & Outlook
South Africa in vitro fertilization microscopes market, 2018-2030 (US$M)
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South Africa in vitro fertilization microscopes market highlights
- The South Africa in vitro fertilization microscopes market generated a revenue of USD 0.3 million in 2023 and is expected to reach USD 0.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Outpatient Facilities is the most lucrative end use segment registering the fastest growth during the forecast period.
In vitro fertilization microscopes market data book summary
| Market revenue in 2023 | USD 0.3 million |
| Market revenue in 2030 | USD 0.4 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Outpatient Facilities |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Research And Manufacturing |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.2% of the global in vitro fertilization microscopes 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 in vitro fertilization microscopes 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 0.4 million by 2030.
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In Vitro Fertilization Microscopes Market Scope
In Vitro Fertilization Microscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa in vitro fertilization microscopes 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 in vitro fertilization microscopes market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 66.67% in 2023. Horizon Databook has segmented the South Africa in vitro fertilization microscopes market based on hospitals, outpatient facilities, research and manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing awareness and acceptance of ART in the country has led to a surge in demand for fertility treatments. Furthermore, the increasing infertility rate is expected to escalate market growth.
According to Statistics South Africa report, the average fertility rate decreased from 2.62 children per woman in 2009 to 2.31 children in 2022. Moreover, societal attitudes toward infertility are changing, resulting in more couples seeking IVF.
With the improving economic conditions in South Africa, more people can afford advanced IVF technologies, including specialized microscopes. The well-established healthcare infrastructure and the country's commitment to medical research further contribute to an environment conducive to the growth of the IVF microscope market.
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Target buyers of South Africa in vitro fertilization microscopes market databook
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Our clientele includes a mix of in vitro fertilization microscopes 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 in vitro fertilization microscopes market , including forecasts for subscribers. This country databook contains high-level insights into South Africa in vitro fertilization microscopes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa in vitro fertilization microscopes market size, by end use, 2018-2030 (US$M)
South Africa In Vitro Fertilization Microscopes Market Outlook Share, 2023 & 2030 (US$M)
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