South Africa Pharmaceutical Cdmo Market Size & Outlook
South Africa pharmaceutical cdmo market, 2018-2030 (US$M)
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South Africa pharmaceutical cdmo market highlights
- The South Africa pharmaceutical cdmo market generated a revenue of USD 2,026.2 million in 2023 and is expected to reach USD 3,011.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, api was the largest revenue generating product in 2023.
- API is the most lucrative product segment registering the fastest growth during the forecast period.
Pharmaceutical cdmo market data book summary
| Market revenue in 2023 | USD 2,026.2 million |
| Market revenue in 2030 | USD 3,011.7 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Api |
| Fastest growing segment | API |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | API, Drug Product |
| Key market players worldwide | Lonza Group Ltd, Thermo Fisher Scientific Inc, Labcorp Holdings Inc, Catalent Inc, Wuxi AppTec Co Ltd, Siegfried Holding AG, Nipro Corp, Piramal Pharma Solutions, Recipharm Venture Fund, CordenPharma, Cambrex, Bushu Pharmaceuticals, Seqens |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.4% of the global pharmaceutical cdmo 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 pharmaceutical cdmo 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 3,011.7 million by 2030.
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Pharmaceutical CDMO Market Scope
Pharmaceutical CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa pharmaceutical cdmo 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 pharmaceutical cdmo market will help companies and investors design strategic landscapes.
Api was the largest segment with a revenue share of 80.83% in 2023. Horizon Databook has segmented the South Africa pharmaceutical cdmo market based on api, drug product covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa pharmaceutical CDMO market is expected to witness considerable growth owing to increasing demand for biologics, the attractiveness of the pharmaceutical industry, and the presence of a diverse population in the country.
Besides, the availability, affordability, accessibility, and quality of generic products & biologics in South Africa are further anticipated to fuel the market during the forecast period. However, slow economic growth & slow development of the healthcare system.
Imports of APIs, and potentially rising prices of key medicines in the country are anticipated to impede market growth in the coming years. Besides, in the country, the research industry complies with the International Council for Harmonization of Technical Requirements for Pharmaceuticals for Human Use (ICH) & FDA standards.
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Our clientele includes a mix of pharmaceutical cdmo market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa pharmaceutical cdmo market , including forecasts for subscribers. This country databook contains high-level insights into South Africa pharmaceutical cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa pharmaceutical cdmo market size, by product, 2018-2030 (US$M)
South Africa Pharmaceutical CDMO Market Outlook Share, 2023 & 2030 (US$M)
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