South Africa Medical Device Testing Services Market Size & Outlook
South Africa medical device testing services market, 2018-2030 (US$M)
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South Africa medical device testing services market highlights
- The South Africa medical device testing services market generated a revenue of USD 94.2 million in 2023 and is expected to reach USD 162.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, biocompatibility tests was the largest revenue generating service in 2023.
- Chemistry Test is the most lucrative service segment registering the fastest growth during the forecast period.
Medical device testing services market data book summary
| Market revenue in 2023 | USD 94.2 million |
| Market revenue in 2030 | USD 162.2 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Biocompatibility tests |
| Fastest growing segment | Chemistry Test |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biocompatibility Tests, Chemistry Test, Microbiology & Sterility Testing, Package Validation |
| Key market players worldwide | SGS AG, Labcorp Holdings Inc, Sotera Health Co Ordinary Shares, Charles River Laboratories International Inc, NAMSA, Eurofins Scientific SE, Intertek Group PLC, Wuxi AppTec Co Ltd, TUV SUD, Element Materials Technology, Pace Analytical Services |
Other key industry trends
- In terms of revenue, South Africa accounted for 13.8% of the global medical device testing services market in 2023.
- Country-wise, Australia is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE medical device testing services 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 4,479.8 million by 2030.
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Medical Device Testing Services Market Scope
Medical Device Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa medical device 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 medical device testing services market will help companies and investors design strategic landscapes.
Biocompatibility tests was the largest segment with a revenue share of 49.58% in 2023. Horizon Databook has segmented the South Africa medical device testing services market based on biocompatibility tests, chemistry test, microbiology & sterility testing, package validation covering the revenue growth of each sub-segment from 2018 to 2030.
Various government initiatives, such as tax breaks, R&D credit, and establishment of the South African Health Products Regulatory Authority (SAHPRA), are expected to increase foreign investments & collaborations in the country. Such initiatives to improve healthcare facilities in respective MEA countries are anticipated to drive the demand for medical device testing services.
Moreover, increase in the number of public-private partnerships and high need for the upgradation of hospitals is expected to create growth opportunities. Furthermore, various factors such as better market penetration, economic development, presence of high unmet healthcare needs, and increasing marketing campaigns are expected to drive the market in South Africa.
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Our clientele includes a mix of medical device testing services 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 medical device testing services market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical device testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical device testing services market size, by service, 2018-2030 (US$M)
South Africa Medical Device Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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