South Africa Multiomics Market Size & Outlook, 2023-2030
South Africa multiomics market, 2018-2030 (US$M)
Related Markets
South Africa multiomics market highlights
- The South Africa multiomics market generated a revenue of USD 15.1 million in 2023 and is expected to reach USD 30.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & service in 2023.
- Services is the most lucrative product & service segment registering the fastest growth during the forecast period.
Multiomics market data book summary
| Market revenue in 2023 | USD 15.1 million |
| Market revenue in 2030 | USD 30.1 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Product |
| Key market players worldwide | Thermo Fisher Scientific Inc, Illumina Inc, Danaher Corp, Shimadzu Corp, Bruker Corp, Qiagen NV, Agilent Technologies Inc, BD, Revvity Inc, BGI Group |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global multiomics 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 multiomics 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 25.0 million by 2030.
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Multiomics Market Scope
Multiomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa multiomics 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 multiomics market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 56.29% in 2023. Horizon Databook has segmented the South Africa multiomics market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
The rise in the prevalence of cancer in South Africa has led to an increased need for advanced multiomics techniques for the detection of cancer. This increased need for rapid diagnosis has led to the growth of multiomics market.
According to The Lancet, South Africa will witness about a 78% increase in cancer cases by 2030. Thus, investments in innovations that aim to address healthcare problems in the country are expected to increase in the coming years, thereby intensifying the market environment.
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Target buyers of South Africa multiomics market databook
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Our clientele includes a mix of multiomics 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 multiomics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa multiomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa multiomics market size, by product & service, 2018-2030 (US$M)
South Africa Multiomics Market Outlook Share, 2023 & 2030 (US$M)
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