South Africa Nanomedicine Market Size & Outlook, 2023-2030
South Africa nanomedicine market, 2018-2030 (US$M)
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South Africa nanomedicine market highlights
- The South Africa nanomedicine market generated a revenue of USD 1,181.8 million in 2023 and is expected to reach USD 1,965.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, drug delivery was the largest revenue generating application in 2023.
- Therapeutics is the most lucrative application segment registering the fastest growth during the forecast period.
Nanomedicine market data book summary
| Market revenue in 2023 | USD 1,181.8 million |
| Market revenue in 2030 | USD 1,965.0 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Drug delivery |
| Fastest growing segment | Therapeutics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drug Delivery, Therapeutics, In-vitro Diagnostics, Implants, In-vivo Imaging |
| Key market players worldwide | Abbott Laboratories, Invitae Corp, Celgene, GE HealthCare Technologies Inc Common Stock, Johnson & Johnson, Mallinckrodt PLC Ordinary Shares - New, Merck & Co Inc, Pfizer Inc, Teva Pharmaceutical Industries Ltd, Arrowhead Pharmaceuticals Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global nanomedicine 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 nanomedicine 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 1,714.2 million by 2030.
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Nanomedicine Market Scope
Nanomedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa nanomedicine 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 nanomedicine market will help companies and investors design strategic landscapes.
Drug delivery was the largest segment with a revenue share of 34.23% in 2023. Horizon Databook has segmented the South Africa nanomedicine market based on drug delivery, therapeutics, in-vitro diagnostics, implants, in-vivo imaging covering the revenue growth of each sub-segment from 2018 to 2030.
Slow economic growth as well as not so well-developed healthcare system in the region has impeded the market growth to certain extent in this country in the past years.
However, with increasing demand for robust therapies coupled with presence of target population in the region, the market is expected to witness considerable growth in the coming years.
In addition, presence of DST/MINTEK Nanotechnology Innovation center in the country, which is engaged in R&D of functionalized metal nanoparticle systems for targeted drug delivery and therapeutics is expected to accelerate the progress of nanomedicine market in this country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa nanomedicine market , including forecasts for subscribers. This country databook contains high-level insights into South Africa nanomedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa nanomedicine market size, by application, 2018-2030 (US$M)
South Africa Nanomedicine Market Outlook Share, 2023 & 2030 (US$M)
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