South Africa Personalized Medicine Market Size & Outlook
South Africa personalized medicine market, 2018-2030 (US$M)
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South Africa personalized medicine market highlights
- The South Africa personalized medicine market generated a revenue of USD 3,428.8 million in 2023 and is expected to reach USD 5,929.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, personalized nutrition & wellness was the largest revenue generating product in 2023.
- PM Therapeutics is the most lucrative product segment registering the fastest growth during the forecast period.
Personalized medicine market data book summary
| Market revenue in 2023 | USD 3,428.8 million |
| Market revenue in 2030 | USD 5,929.5 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Personalized nutrition & wellness |
| Fastest growing segment | PM Therapeutics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PM Diagnostics, PM Therapeutics, Personalized Medical Care, Personalized Nutrition & Wellness |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Illumina Inc, Asure Software Inc, Abbott Laboratories, Danaos Corp, Exact Sciences Corp, Danaher Corp, Amgen Inc, Qiagen NV, Exagen Inc Ordinary Shares, Quest Diagnostics Inc, Biogen Inc, Genelux Corp, International Business Machines Corp, Genentech, 23andMe Holding Co Class A |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global personalized medicine 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 personalized medicine 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 3,783.0 million by 2030.
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Personalized Medicine Market Scope
Personalized Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa personalized medicine 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 personalized medicine market will help companies and investors design strategic landscapes.
Personalized nutrition & wellness was the largest segment with a revenue share of 35.38% in 2023. Horizon Databook has segmented the South Africa personalized medicine market based on pm diagnostics, pm therapeutics, personalized medical care, personalized nutrition & wellness covering the revenue growth of each sub-segment from 2018 to 2030.
The South Africa personalized medicine market has benefitted from the recent establishment of the African Genomics Centre in Cape Town. The South African Medical Research Council (SAMRC) in partnership with Beijing Genomics Institute (BGI) announced the establishment of this genomic center in February 2018.
The emergence of genomics paves the way for personalized medicines and treatment as they are not prescribed based on a patient’s general symptoms but based on how these medicines interact with a patient’s genetic makeup. Hence, it is imperative to gain genomic information of the African population for the development of personalized medicine.
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Target buyers of South Africa personalized medicine market databook
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Our clientele includes a mix of personalized medicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 personalized medicine market , including forecasts for subscribers. This country databook contains high-level insights into South Africa personalized medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa personalized medicine market size, by product, 2018-2030 (US$M)
South Africa Personalized Medicine Market Outlook Share, 2023 & 2030 (US$M)
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