South Africa Organ On A Chip Market Size & Outlook
South Africa organ on a chip market, 2018-2030 (US$M)
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South Africa organ on a chip market highlights
- The South Africa organ on a chip market generated a revenue of USD 0.7 million in 2023 and is expected to reach USD 1.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 16.2% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product & service in 2023.
- Product is the most lucrative product & service segment registering the fastest growth during the forecast period.
Organ on a chip market data book summary
| Market revenue in 2023 | USD 0.7 million |
| Market revenue in 2030 | USD 1.9 million |
| Growth rate | 16.2% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Product |
| 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 | Emulate, Mimetas, Valo Health, Nortis, AxoSim, BICO, CN Bio, SynVivo, Draper, AlveoliX AG |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global organ on a chip 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 organ on a chip 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 1.6 million by 2030.
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Organ On A Chip Market Scope
Organ On A Chip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa organ on a chip 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 organ on a chip market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 42.86% in 2024. Horizon Databook has segmented the South Africa organ on a chip market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
Although still in its early stages, South Africa's OOC market shows significant growth potential. This technology is gaining traction in the academic and biotech sectors.
Key drivers include the need for localized drug testing due to the country’s genetic diversity and prevalent diseases like HIV and tuberculosis.
Efforts to reduce animal testing and increased government funding for research are also accelerating adoption.
As biopharma investments rise in Africa, collaboration between local research hubs and global biotech firms is expected to further drive growth, despite challenges like high costs and limited awareness.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa organ on a chip market, including forecasts for subscribers. This country databook contains high-level insights into South Africa organ on a chip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa organ on a chip market report size, by product & service, 2018-2030 (US$M)
South Africa Organ On A Chip Market Share, 2024 & 2030 (US$M)
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