South Africa Laboratory Informatics Market Size & Outlook
South Africa laboratory informatics market, 2018-2030 (US$M)
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South Africa laboratory informatics market highlights
- The South Africa laboratory informatics market generated a revenue of USD 77.3 million in 2023 and is expected to reach USD 125.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, laboratory information management systems (lims) was the largest revenue generating product in 2023.
- Laboratory Execution Systems (LES) is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory informatics market data book summary
| Market revenue in 2023 | USD 77.3 million |
| Market revenue in 2030 | USD 125.1 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Laboratory information management systems (lims) |
| Fastest growing segment | Laboratory Execution Systems (LES) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Chromatography Data Systems (CDS), Enterprise Content Management (ECM) |
| Key market players worldwide | Thermo Fisher Scientific Inc, LabWare, PerkinElmer, LabVantage Solutions, Inc., LabLynx, Agilent Technologies Inc, McKesson Corp, Waters Corp, Abbott Laboratories |
Other key industry trends
- In terms of revenue, South Africa accounted for 2.1% of the global laboratory informatics 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 laboratory informatics 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 125.1 million by 2030.
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Laboratory Informatics Market Scope
Laboratory Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa laboratory informatics 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 laboratory informatics market will help companies and investors design strategic landscapes.
Laboratory information management systems (lims) was the largest segment with a revenue share of 76.33% in 2023. Horizon Databook has segmented the South Africa laboratory informatics market based on laboratory information management systems (lims), electronic lab notebooks (eln), scientific data management systems (sdms), laboratory execution systems (les), electronic data capture (edc) & clinical data management systems (cdms), chromatography data systems (cds), enterprise content management (ecm) covering the revenue growth of each sub-segment from 2018 to 2030.
Growing investments for R&D in healthcare industry and technological advancements in laboratories are expected to create lucrative growth opportunities in South Africa laboratory informatics market.
Moreover, growing focus of leading players on developing countries is also likely to propel the market growth. Lab Ware was estimated to be the preferred vendor in South Africa due to low cost and easy touse products it offers.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa laboratory informatics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa laboratory informatics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa laboratory informatics market size, by product, 2018-2030 (US$M)
South Africa Laboratory Informatics Market Outlook Share, 2023 & 2030 (US$M)
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