South Africa Laboratory Proficiency Testing Market Size & Outlook
South Africa laboratory proficiency testing market, 2018-2030 (US$M)
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South Africa laboratory proficiency testing market highlights
- The South Africa laboratory proficiency testing market generated a revenue of USD 9.5 million in 2023 and is expected to reach USD 13.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, clinical diagnostics was the largest revenue generating industry in 2023.
- Cannabis is the most lucrative industry segment registering the fastest growth during the forecast period.
Laboratory proficiency testing market data book summary
| Market revenue in 2023 | USD 9.5 million |
| Market revenue in 2030 | USD 13.3 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Clinical diagnostics |
| Fastest growing segment | Cannabis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clinical Diagnostics, Pharmaceuticals, Microbiology, Cannabis |
| Key market players worldwide | LGC Group, Bio-Rad Laboratories Inc, Randox, Merck KGaA, Randox Biosciences, QACS International, Weqas, BIPEA, NSI Lab Solutions, Absolute Standards, Instand |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.7% of the global laboratory proficiency 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 laboratory proficiency testing 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 6.7 million by 2030.
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Laboratory Proficiency Testing Market Scope
Laboratory Proficiency Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa laboratory proficiency testing 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 proficiency testing market will help companies and investors design strategic landscapes.
Clinical diagnostics was the largest segment with a revenue share of 33.68% in 2023. Horizon Databook has segmented the South Africa laboratory proficiency testing market based on clinical diagnostics, pharmaceuticals, microbiology, cannabis covering the revenue growth of each sub-segment from 2018 to 2030.
Africa is the second-most populous continent in the world, with a high incidence of communicable and noncommunicable diseases. It is estimated that two-thirds of its annual mortality is due to noncommunicable diseases such as cancer.
Technological developments have enabled the evolution of the pharmaceutical industry in the region, which is driving the demand for laboratory proficiency testing. However, investment constraints arise when private companies try setting up pharmaceutical production in the country. This contrasts with other BRICS countries witnessing massive growth in pharmaceutical access due to global attention.
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Target buyers of South Africa laboratory proficiency testing market databook
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Our clientele includes a mix of laboratory proficiency testing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa laboratory proficiency testing market , including forecasts for subscribers. This country databook contains high-level insights into South Africa laboratory proficiency testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa laboratory proficiency testing market size, by industry, 2018-2030 (US$M)
South Africa Laboratory Proficiency Testing Market Outlook Share, 2023 & 2030 (US$M)
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