South Africa Next-generation Sequencing Data Analysis Market Size & Outlook
South Africa next-generation sequencing data analysis market, 2018-2030 (US$M)
Related Markets
South Africa next-generation sequencing data analysis market highlights
- The South Africa next-generation sequencing data analysis market generated a revenue of USD 3.4 million in 2023 and is expected to reach USD 11.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 18.8% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
Next-generation sequencing data analysis market data book summary
| Market revenue in 2023 | USD 3.4 million |
| Market revenue in 2030 | USD 11.5 million |
| Growth rate | 18.8% (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, NGS Commercial Software |
| Key market players worldwide | Bio-Rad Laboratories Inc, DNAnexus, Qiagen NV, DNAstar, Pacific Biosciences of California Inc, Eurofins Scientific SE, Illumina Inc, PierianDx, Agilent Technologies Inc, Roche Holding AG, Alphabet Inc Class A, Thermo Fisher Scientific Inc, Golden Helix, Scigenom Labs, Genuity Science, Fabric Genomics (formerly Omicia), Congenica, Precigen |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.3% of the global next-generation sequencing data analysis market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa next-generation sequencing data analysis market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 11.5 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
Next-generation Sequencing Data Analysis Market Scope
Next-generation Sequencing Data Analysis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa next-generation sequencing data analysis 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 next-generation sequencing data analysis market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 55.88% in 2023. Horizon Databook has segmented the South Africa next-generation sequencing data analysis market based on services, ngs commercial software covering the revenue growth of each sub-segment from 2018 to 2030.
In South Africa, the prevalence of infectious as well as chronic diseases is extremely high, which increases the demand for NGS technologies in the country. The South African National Bioinformatics Institute (SANBI), which operates under the University of Western Cape, is engaged in the development of high-throughput genomics methods, including NGS, to study communicable diseases and other healthcare problems.
In addition, there are organizations such as the Well come Trust Africa that are working toward developing better NGS analysis and data storage for biomedical health research in the country. These initiatives, along with improved government funding and collaborations between global players & medical research institutes, are expected to drive the revenue in this regional market.
The emergence of COVID-19 also played a vital role in adoption of genome sequencing platforms. During the pandemic, SARS-CoV-2 genome was sequenced in laboratories of South Africa. In June 2020, COVID Network for Genomics Surveillance South Africa was established in the country to consolidate tracking of coronavirus.
Reasons to subscribe to South Africa next-generation sequencing data analysis 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 next-generation sequencing data analysis market databook
-
Our clientele includes a mix of next-generation sequencing data analysis 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 next-generation sequencing data analysis market , including forecasts for subscribers. This country databook contains high-level insights into South Africa next-generation sequencing data analysis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa next-generation sequencing data analysis market size, by product, 2018-2030 (US$M)
South Africa Next-generation Sequencing Data Analysis 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
