South Africa Near Infrared Imaging Market Size & Outlook
South Africa near infrared imaging market, 2018-2030 (US$M)
Related Markets
South Africa near infrared imaging market highlights
- The South Africa near infrared imaging market generated a revenue of USD 10.5 million in 2023 and is expected to reach USD 12.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Near infrared imaging market data book summary
| Market revenue in 2023 | USD 10.5 million |
| Market revenue in 2030 | USD 12.6 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Reagents |
| Key market players worldwide | Stryker Corp, Olympus Corp, Hamamatsu Photonics KK, Shimadzu Corp, Medtronic PLC, Carl Zeiss Meditec AG |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global near infrared imaging 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 near infrared imaging market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 21.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Near Infrared Imaging Market Scope
Near Infrared Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa near infrared imaging 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 near infrared imaging market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 54.29% in 2023. Horizon Databook has segmented the South Africa near infrared imaging market based on devices, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
The economic development of South Africa and presence of high unmet healthcare needs are some of the primary growth drivers of its market. The expected growth in healthcare spending and increased demand for advanced healthcare treatments are anticipated to boost the market during the forecast period.
Growing prevalence of cancer in the country is expected to boost the demand for near infrared imaging devices over the forecast period. According to the International Agency for Research on Cancer, in 2020, about 108,168 new cancer cases were diagnosed in the country, and 56,802 related deaths were recorded in the same year.
The African government and other organizations, such Cancer Association of South Africa, are also undertaking initiatives to create awareness, provide care & support to cancer patients, and encourage research for the treatment of cancer & other chronic diseases.
Reasons to subscribe to South Africa near infrared imaging market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Africa near infrared imaging market databook
-
Our clientele includes a mix of near infrared imaging market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 near infrared imaging market , including forecasts for subscribers. This country databook contains high-level insights into South Africa near infrared imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa near infrared imaging market size, by product, 2018-2030 (US$M)
South Africa Near Infrared Imaging Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
