South Africa Microrna Market Size & Outlook, 2023-2030
South Africa microrna market, 2018-2030 (US$M)
Related Markets
South Africa microrna market highlights
- The South Africa microrna market generated a revenue of USD 7.5 million in 2023 and is expected to reach USD 15.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating services scope in 2023.
- Services is the most lucrative services scope segment registering the fastest growth during the forecast period.
Microrna market data book summary
| Market revenue in 2023 | USD 7.5 million |
| Market revenue in 2030 | USD 15.4 million |
| Growth rate | 10.8% (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 | Services, Products Type |
| Key market players worldwide | Thermo Fisher Scientific Inc, Qiagen NV, Horizon Discovery, NanoString Technologies, Merck KGaA, Takara Bio Inc, LGC Group, Biogenex, New England Biolabs, GeneCopoeia |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global microrna 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 microrna 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 14.1 million by 2030.
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MicroRNA Market Scope
MicroRNA Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa microrna 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 microrna market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 56% in 2023. Horizon Databook has segmented the South Africa microrna market based on services, products type covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is projected to witness lucrative growth over the forecast period due to government support and funding for “omics” research. Government efforts to provide infrastructure and technology support for encouraging research & innovation in genomics further contribute to market growth.
For instance, the Centre for Proteomic and Genomic Research (CPGR)—a nonprofit research organization funded by the government—promotes omics research. The demand for miRNA arrays in South Africa is more significant for use in plants for miRNA profiling and plant hybridization.
Several researchers are focusing on miRNA profiling of plants. For instance, a study published by ScienceDirect in October 2021 emphasized on miRNA expression patterns in response to South African cassava mosaic virus, which is found in a perennial plant.
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Target buyers of South Africa microrna market databook
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Our clientele includes a mix of microrna 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa microrna market , including forecasts for subscribers. This country databook contains high-level insights into South Africa microrna market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa microrna market size, by services scope, 2018-2030 (US$M)
South Africa MicroRNA Market Outlook Share, 2023 & 2030 (US$M)
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