South Africa Point-of-care Molecular Diagnostics Market Size & Outlook
South Africa point-of-care molecular diagnostics market, 2018-2030 (US$M)
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South Africa point-of-care molecular diagnostics market highlights
- The South Africa point-of-care molecular diagnostics market generated a revenue of USD 27.3 million in 2023 and is expected to reach USD 33.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.8% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Oncology is the most lucrative application segment registering the fastest growth during the forecast period.
Point-of-care molecular diagnostics market data book summary
| Market revenue in 2023 | USD 27.3 million |
| Market revenue in 2030 | USD 33.2 million |
| Growth rate | 2.8% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Oncology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oncology, Prenatal Testing, Endocrinology, Other Applications, Hematology, Infectious Diseases |
| Key market players worldwide | Roche, Abbott Laboratories, Qiagen NV, Bayer AG, Nova Biomedical, Danaher Corp, Nipro Corp, Bio-Rad Laboratories Inc, Agilent Technologies Inc, BioMerieux SA, OraSure Technologies Inc, Abaxis |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global point-of-care molecular diagnostics 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 point-of-care molecular diagnostics 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 33.9 million by 2030.
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Point-of-Care Molecular Diagnostics Market Scope
Point-of-Care Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa point-of-care molecular diagnostics 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 molecular diagnostics market will help companies and investors design strategic landscapes.
Infectious diseases was the largest segment with a revenue share of 93.41% in 2023. Horizon Databook has segmented the South Africa point-of-care molecular diagnostics market based on oncology, prenatal testing, endocrinology, other applications, hematology, infectious diseases covering the revenue growth of each sub-segment from 2018 to 2030.
8.6.2.4 COMPETITIVE/MARKET SCENARIO High prevalence of malaria and other infectious diseases along with the large population in South Africa are the major factors propelling market growth in this region. The country also faced a severe impact from the COVID-19 pandemic with over 3 million confirmed cases of COVID-19 and over 100,000 deaths reported due to the disease, in the period between 3rd January 2020 and 29th April 2022.
To boost COVID-19 testing, the South African government implemented an aggressive testing strategy, which involves large-scale community testing through door-to-door screening campaigns. The high incidence of this infection in South Africa is responsible for boosting the demand for paid near-patient testing as people avoid seeking tests in public hospitals and laboratories to prevent further virus spread.
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Target buyers of South Africa point-of-care molecular diagnostics market databook
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Our clientele includes a mix of point-of-care molecular diagnostics 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 molecular diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa point-of-care molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa point-of-care molecular diagnostics market size, by application, 2018-2030 (US$M)
South Africa Point-of-Care Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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