South Africa Nuclear Magnetic Resonance Spectroscopy Market Size & Outlook
South Africa nuclear magnetic resonance spectroscopy market, 2018-2030 (US$M)
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South Africa nuclear magnetic resonance spectroscopy market highlights
- The South Africa nuclear magnetic resonance spectroscopy market generated a revenue of USD 5.2 million in 2023 and is expected to reach USD 6.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, research & manufacturing was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
Nuclear magnetic resonance spectroscopy market data book summary
| Market revenue in 2023 | USD 5.2 million |
| Market revenue in 2030 | USD 6.9 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Research & manufacturing |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OUTPATIENT FACILITIES, RESEARCH & MANUFACTURING, HOSPITALS |
| Key market players worldwide | Jeol Ltd, Thermo Fisher Scientific Inc, Bruker Corp, Oxford Instruments PLC, Nanalysis Scientific Corp Ordinary Shares, Absci Corp, QuinStreet Inc, Magritek Ltd, Magnetic Resonance Innovations |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.7% of the global nuclear magnetic resonance spectroscopy 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 nuclear magnetic resonance spectroscopy 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 2.0 million by 2030.
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Nuclear Magnetic Resonance Spectroscopy Market Scope
Nuclear Magnetic Resonance Spectroscopy Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa nuclear magnetic resonance spectroscopy 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 nuclear magnetic resonance spectroscopy market will help companies and investors design strategic landscapes.
Research & manufacturing was the largest segment with a revenue share of 46.15% in 2023. Horizon Databook has segmented the South Africa nuclear magnetic resonance spectroscopy market based on outpatient facilities, research & manufacturing, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa’s NMR spectroscopy market is anticipated to exhibit moderate growth during the forecast period. This moderate growth can be attributed to the presence of a small biotechnology industry and inadequate scientific R&D initiatives in the country.
Moreover, the budget allocated to science R&D is low in the country, which further limits the adoption of advanced NMR spectroscopy products. However, the increasing public-private investments in supporting the biotechnology sector are anticipated to create lucrative growth opportunities in the upcoming decade.
Moreover, the presence of wellestablished companies is expected to drive market growth. For instance, Intertek Group plc offers pharmaceutical NMR analytical services in the country. In addition, there is an additional need for face-to-face training initiatives for NMR spectroscopy, preferably personalized to the participant’s needs & experience.
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Our clientele includes a mix of nuclear magnetic resonance spectroscopy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa nuclear magnetic resonance spectroscopy market , including forecasts for subscribers. This country databook contains high-level insights into South Africa nuclear magnetic resonance spectroscopy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa nuclear magnetic resonance spectroscopy market size, by end use, 2018-2030 (US$M)
South Africa Nuclear Magnetic Resonance Spectroscopy Market Outlook Share, 2023 & 2030 (US$M)
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