South Africa Large Molecule Bioanalytical Testing Services Market Size & Outlook
South Africa large molecule bioanalytical testing services market, 2018-2030 (US$M)
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South Africa large molecule bioanalytical testing services market highlights
- The South Africa large molecule bioanalytical testing services market generated a revenue of USD 9.2 million in 2021 and is expected to reach USD 18.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.3% from 2022 to 2030.
- In terms of segment, clinical was the largest revenue generating phase in 2021.
- Clinical is the most lucrative phase segment registering the fastest growth during the forecast period.
Large molecule bioanalytical testing services market data book summary
| Market revenue in 2021 | USD 9.2 million |
| Market revenue in 2030 | USD 18.8 million |
| Growth rate | 8.3% (CAGR from 2021 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Clinical |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Preclinical, Clinical |
| Key market players worldwide | Labcorp Holdings Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, Toxikon, Intertek Group PLC, Pace Analytical Services, Icon PLC, Charles River Laboratories International Inc, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global large molecule bioanalytical testing services market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa large molecule bioanalytical testing services 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 18.8 million by 2030.
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Large Molecule Bioanalytical Testing Services Market Scope
Large Molecule Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa large molecule bioanalytical testing services 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 large molecule bioanalytical testing services market will help companies and investors design strategic landscapes.
Clinical was the largest segment with a revenue share of 67.39% in 2021. Horizon Databook has segmented the South Africa large molecule bioanalytical testing services market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
The large molecule bioanalytical testing market of South Africa is driven by growing number of clinical trials in the country. For instance, South Africa conducted 5,117 clinical trials between 1999 and 2019, according to WHO’s ICTRP.
This contributes for 0.98% of total clinical trials conducted globally in the same period. Furthermore, according to the World Bank, the healthcare expenditure of South Africa was 8.3% of its GDP on 2018. Notable healthcare expenditure in the country is expected to propel the market.
South African population is relatively young, however, moderate geriatric population will also augment the need for advancements in healthcare, boosting the large molecule bioanalytical testing market. For instance, according to OECD, 5.6% of the South African population was aged 65 or above in 2018.
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Target buyers of South Africa large molecule bioanalytical testing services market databook
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Our clientele includes a mix of large molecule bioanalytical testing services 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa large molecule bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into South Africa large molecule bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa large molecule bioanalytical testing services market size, by phase, 2018-2030 (US$M)
South Africa Large Molecule Bioanalytical Testing Services Market Outlook Share, 2021 & 2030 (US$M)
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