South Africa Life Science Analytics Market Size & Outlook
South Africa life science analytics market, 2018-2030 (US$M)
Related Markets
South Africa life science analytics market highlights
- The South Africa life science analytics market generated a revenue of USD 61.8 million in 2023 and is expected to reach USD 146.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Life science analytics market data book summary
| Market revenue in 2023 | USD 61.8 million |
| Market revenue in 2030 | USD 146.5 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Oracle Corp, IQVIA Holdings Inc, SAS, Cognizant Technology Solutions Corp Class A, International Business Machines Corp, Accenture PLC Class A, Wipro Ltd ADR, TAKE Solutions |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.3% of the global life science analytics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia life science analytics 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 146.5 million by 2030.
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Life Science Analytics Market Scope
Life Science Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa life science analytics 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 life science analytics market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 61.65% in 2023. Horizon Databook has segmented the South Africa life science analytics market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South African healthcare space is witnessing a transformation with advancements in infrastructure and deployment of latest technological innovation. In South Africa, the per capita healthcare expenditure has been decreasing over the recent years.
In July 2017, a roundtable discussion hosted by Accenture and GIBS Business School on AI in South Africa revealed myriad concerns regarding the adoption of AI in the country. These included data quality, workforce readiness & re-skilling, data privacy, and potential job losses.
However, the COVID-19 pandemic and recent technological advancements enabled the country to develop solutions, including analytics, with the potential to overcome physical limitations of capital & labor, as well as to open up new sources of value & growth.
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Target buyers of South Africa life science analytics market databook
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Our clientele includes a mix of life science analytics 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 life science analytics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa life science analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa life science analytics market size, by component, 2018-2030 (US$M)
South Africa Life Science Analytics Market Outlook Share, 2023 & 2030 (US$M)
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