South Africa Point-of-care Glucose Testing Market Size & Outlook
South Africa point-of-care glucose testing market, 2018-2030 (US$M)
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South Africa point-of-care glucose testing market highlights
- The South Africa point-of-care glucose testing market generated a revenue of USD 39.9 million in 2023 and is expected to reach USD 50.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, accu-chek inform ii was the largest revenue generating product in 2023.
- Freestyle Lite is the most lucrative product segment registering the fastest growth during the forecast period.
Point-of-care glucose testing market data book summary
| Market revenue in 2023 | USD 39.9 million |
| Market revenue in 2030 | USD 50.2 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Accu-chek inform ii |
| Fastest growing segment | Freestyle Lite |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accu Check Aviva Meter, Onetouch Verio Flex, I-STAT, Freestyle Lite, Bayer CONTOUR blood glucose monitoring system, True Metrix, Accu-Chek Inform II, StatStrip |
| Key market players worldwide | Roche, Abbott Laboratories, Nipro Corp, Nova Biomedical, ACON Laboratories, Bayer AG, EKF Diagnostics Holdings PLC |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global point-of-care glucose testing 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 point-of-care glucose testing 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 50.2 million by 2030.
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Point-of-Care Glucose Testing Market Scope
Point-of-Care Glucose Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa point-of-care glucose testing 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 point-of-care glucose testing market will help companies and investors design strategic landscapes.
Accu-chek inform ii was the largest segment with a revenue share of 19.55% in 2023. Horizon Databook has segmented the South Africa point-of-care glucose testing market based on accu check aviva meter, onetouch verio flex, i-stat, freestyle lite, bayer contour blood glucose monitoring system, true metrix, accu-chek inform ii, statstrip covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is set to offer several profitable platforms for POCT expansion; factors such as large-scale screening programs, high demand for inexpensive products, and high susceptibility to diabetes make it a favorable market for investment.
However, lack of awareness regarding the latest developments in POC technologies is expected to hinder the market growth. In addition, the technical support program conducted by WHO along with the support activities from over 25 international organizations is expected to aid in the overall development of the country, thereby strengthening the healthcare infrastructure.
Some of these international organizations include the UK Department for International Development (DFID), the U.S. Agency for International Development (USAID), and Japan International Cooperation Agency (JICA).
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Target buyers of South Africa point-of-care glucose testing market databook
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Our clientele includes a mix of point-of-care glucose testing 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 point-of-care glucose testing market , including forecasts for subscribers. This country databook contains high-level insights into South Africa point-of-care glucose testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa point-of-care glucose testing market size, by product, 2018-2030 (US$M)
South Africa Point-of-Care Glucose Testing Market Outlook Share, 2023 & 2030 (US$M)
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