South Africa Molecular Cytogenetics Market Size & Outlook
South Africa molecular cytogenetics market, 2018-2028 (US$M)
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South Africa molecular cytogenetics market highlights
- The South Africa molecular cytogenetics market generated a revenue of USD 6.5 million in 2020 and is expected to reach USD 14.8 million by 2028.
- The South Africa market is expected to grow at a CAGR of 10.8% from 2021 to 2028.
- In terms of segment, oncology was the largest revenue generating application in 2020.
- Oncology is the most lucrative application segment registering the fastest growth during the forecast period.
Molecular cytogenetics market data book summary
| Market revenue in 2020 | USD 6.5 million |
| Market revenue in 2028 | USD 14.8 million |
| Growth rate | 10.8% (CAGR from 2020 to 2028) |
| Largest segment | Oncology |
| Fastest growing segment | Oncology |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Disorders, Oncology, Personalized Medicine, Other Applications |
| Key market players worldwide | Danaher Corp, Abbott Laboratories, Bio-Rad Laboratories Inc, Illumina Inc, Sysmex Corp, Roche Holding AG, BioView, MetaSystems, Agilent Technologies Inc, Revvity Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% of the global molecular cytogenetics market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, Saudi Arabia molecular cytogenetics market is projected to lead the regional market in terms of revenue in 2028.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 14.8 million by 2028.
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Molecular Cytogenetics Market Scope
Molecular Cytogenetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa molecular cytogenetics 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 molecular cytogenetics market will help companies and investors design strategic landscapes.
Oncology was the largest segment with a revenue share of 38.46% in 2020. Horizon Databook has segmented the South Africa molecular cytogenetics market based on genetic disorders, oncology, personalized medicine, other applications covering the revenue growth of each sub-segment from 2018 to 2028.
Though South Africa has been into genetic research and services since the past four decades, progress has been very slow due to insufficient funding, lack of genetic research infrastructure, improper regulations to develop a quality product or technology platform.
However, this scenario has changed in the recent times owing to improved government & private funding, revamped medical infrastructure, and entry of key global players in the market in collaboration with local distributors and government.
Other factors like government providing free healthcare to children under 6 years and pregnant women are encouraging genetic testing during pregnancy to screen preborns for genetic abnormalities; thus, reducing the mortality rate. In addition, the South African government also collaborated with German institutes to improve healthcare systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa molecular cytogenetics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa molecular cytogenetics market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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South Africa molecular cytogenetics market size, by application, 2018-2028 (US$M)
South Africa Molecular Cytogenetics Market Outlook Share, 2020 & 2028 (US$M)
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