South Africa In Vivo Cro Market Size & Outlook, 2023-2030
South Africa in vivo cro market, 2018-2030 (US$M)
Related Markets
South Africa in vivo cro market highlights
- The South Africa in vivo cro market generated a revenue of USD 28.1 million in 2023 and is expected to reach USD 48.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, small molecule was the largest revenue generating modality type in 2023.
- Large Molecule is the most lucrative modality type segment registering the fastest growth during the forecast period.
In vivo cro market data book summary
| Market revenue in 2023 | USD 28.1 million |
| Market revenue in 2030 | USD 48.3 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Molecule, Large Molecule |
| Key market players worldwide | IQVIA Holdings Inc, JSR Corp, Taconic Biosciences, Evotec SE, Janvier Labs, Charles River Laboratories International Inc, Icon PLC, Labcorp Holdings Inc, PAREXEL, GemPharmatech, PsychoGenics, Biocytogen, SMO-Group |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global in vivo cro 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 vivo cro 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 22.6 million by 2030.
Small molecule was the largest segment with a revenue share of 63.7% in 2023. Horizon Databook has segmented the South Africa in vivo cro market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
South African government is making multiple efforts to build research capabilities by increasing the pool of clinical research professionals in South Africa, such as promoting partnerships among pharmaceutical companies, medical device industry, & Department of Health and collaborating with various Stakeholders. However, disinvestment in publicly funded programs and absence of discounts for research tests are some factors likely to indirectly impede the in vivo CRO market growth in the country.
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In Vivo CRO Market Scope
In Vivo CRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa in vivo cro market size, by modality type, 2018-2030 (US$M)
South Africa In Vivo CRO Market Outlook Share, 2023 & 2030 (US$M)
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