South Africa Laboratory Products And Services Outsourcing Market Size & Outlook
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South Africa laboratory products and services outsourcing market highlights
- The South Africa laboratory products and services outsourcing market generated a revenue of USD 350.5 million in 2023 and is expected to reach USD 578.9 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, product was the largest revenue generating type in 2023.
- Services is the most lucrative type segment registering the fastest growth during the forecast period.
Laboratory products and services outsourcing market data book summary
| Market revenue in 2023 | USD 350.5 million |
| Market revenue in 2030 | USD 578.9 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Charles River Laboratories International Inc, Eurofins Scientific SE, Labcorp Holdings Inc, Quest Diagnostics Inc, PAREXEL, Agilent Technologies Inc, PerkinElmer, Bio-Rad Laboratories Inc, SGS AG, Intertek Group PLC, Wuxi AppTec Co Ltd |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.9% of the global laboratory products and services outsourcing 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 products and services outsourcing 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 578.9 million by 2030.
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Laboratory Products and Services Outsourcing Market Scope
Laboratory Products and Services Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Intertek Group PLC | View profile | 44000 | 33 Cavendish Square, London, United Kingdom, W1G 0PS | https://www.intertek.com |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Wuxi AppTec Co Ltd | View profile | 41116 | 288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Shanghai, China, People's Republic of, 200131 | https://www.wuxiapptec.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Charles River Laboratories International Inc | View profile | 21400 | 251 Ballardvale Street, Wilmington, MA, United States, 01887 | https://www.criver.com |
| Eurofins Scientific SE | View profile | 61798 | 23 Val Fleuri, Luxembourg, Luxembourg, L-1526 | https://www.eurofins.com |
| Bio-Rad Laboratories Inc | View profile | 8030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | https://www.bio-rad.com |
| Agilent Technologies Inc | View profile | 17700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | https://www.agilent.com |
| Quest Diagnostics Inc | View profile | 48000 | 500 Plaza Drive, Secaucus, NJ, United States, 07094 | https://www.questdiagnostics.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
South Africa laboratory products and services outsourcing 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 products and services outsourcing market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 61% in 2024. Horizon Databook has segmented the South Africa laboratory products and services outsourcing market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Africa laboratory products and services outsourcing market databook
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Our clientele includes a mix of laboratory products and services outsourcing 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa laboratory products and services outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into South Africa laboratory products and services outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa laboratory products and services outsourcing market size, by type, 2018-2030 (US$M)
South Africa Laboratory Products and Services Outsourcing Market Outlook Share, 2024 & 2030 (US$M)
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