South Africa Liquid Biopsy Market Size & Outlook
South Africa liquid biopsy market, 2018-2030 (US$M)
Related Markets
South Africa liquid biopsy market highlights
- The South Africa liquid biopsy market generated a revenue of USD 25.9 million in 2023 and is expected to reach USD 50.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, blood sample was the largest revenue generating type in 2023.
- Blood Sample is the most lucrative type segment registering the fastest growth during the forecast period.
Liquid biopsy market data book summary
| Market revenue in 2023 | USD 25.9 million |
| Market revenue in 2030 | USD 50.7 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Blood sample |
| Fastest growing segment | Blood Sample |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Sample |
| Key market players worldwide | ANGLE PLC, Guardant Health Inc, Myriad Genetics Inc, Biocept Inc, Lucence Health, Roche, Qiagen NV, Illumina Inc, Thermo Fisher Scientific Inc, Epigenomics AG, Oncimmune, Freenome |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.2% of the global liquid biopsy 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 liquid biopsy 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 28.7 million by 2030.
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Liquid Biopsy Market Scope
Liquid Biopsy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa liquid biopsy 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 liquid biopsy market will help companies and investors design strategic landscapes.
Blood sample was the largest segment with a revenue share of 73.36% in 2023. Horizon Databook has segmented the South Africa liquid biopsy market based on blood sample covering the revenue growth of each sub-segment from 2018 to 2030.
The South Africa liquid biopsy market is competitive owing to the presence of a blend of global players and local manufacturers. Some of the leading liquid biopsy providers in the country are PathCare, Axaitech, QIAGEN, and Guardant Health, among others.
In addition, the presence of a large number of profit and nonprofit organizations that promote awareness about cancer screening and diagnosis is expected to support market expansion further.
Moreover, certain initiatives undertaken by leading participants are anticipated to fuel market expansion. For instance, in October 2021, Illumina, Inc., a leader in sequencing technology, announced its plans to launch an innovative liquid biopsy test through its company GRAIL in African markets.
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Target buyers of South Africa liquid biopsy market databook
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Our clientele includes a mix of liquid biopsy 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 liquid biopsy market , including forecasts for subscribers. This country databook contains high-level insights into South Africa liquid biopsy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa liquid biopsy market size, by type, 2018-2030 (US$M)
South Africa Liquid Biopsy Market Outlook Share, 2023 & 2030 (US$M)
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