South Africa In-vitro Toxicology Testing Market Size & Outlook
South Africa in-vitro toxicology testing market, 2018-2030 (US$M)
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South Africa in-vitro toxicology testing market highlights
- The South Africa in-vitro toxicology testing market generated a revenue of USD 211.8 million in 2023 and is expected to reach USD 452.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11.4% from 2024 to 2030.
- In terms of segment, pharmaceutical industry was the largest revenue generating end user in 2023.
- Diagnostics is the most lucrative end user segment registering the fastest growth during the forecast period.
In-vitro toxicology testing market data book summary
| Market revenue in 2023 | USD 211.8 million |
| Market revenue in 2030 | USD 452.0 million |
| Growth rate | 11.4% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical industry |
| Fastest growing segment | Diagnostics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical Industry, Cosmetics And Household Products, Academic Institutes and Research Laboratories, Diagnostics, Chemicals Industry, Food Industry |
| Key market players worldwide | Charles River Laboratories International Inc, SGS, Merck KGaA, Eurofins Scientific SE, Abbott Laboratories, Labcorp Holdings Inc, Evotec SE, Thermo Fisher Scientific Inc, Quest Diagnostics Inc, Agilent Technologies Inc, Catalent Inc, Danaher Corp, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.7% of the global in-vitro toxicology 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 in-vitro toxicology 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 452.0 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 43.34% in 2023. Horizon Databook has segmented the South Africa in-vitro toxicology testing market based on pharmaceutical industry, cosmetics and household products, academic institutes and research laboratories, diagnostics, chemicals industry, food industry covering the revenue growth of each sub-segment from 2018 to 2030.
The in-vitro toxicology testing market in South Africa is growing as the country continues to invest in its pharmaceutical and biotechnology industries. With an increasing focus on drug development and regulatory compliance, there is a growing demand for reliable and efficient in vitro toxicology testing services.
The country's in vitro toxicology testing market is expected to benefit from these developments, as pharmaceutical and biotech companies seek reliable and cost-effective testing services to support their drug development efforts. Moreover, the growing interest in personalized medicine and targeted therapies is expected to drive demand for more specialized in vitro toxicology testing services.
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In-vitro Toxicology Testing Market Scope
In-vitro Toxicology Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
South Africa In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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