South Africa Preclinical Imaging Market Size & Outlook
South Africa preclinical imaging market, 2018-2030 (US$M)
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South Africa preclinical imaging market highlights
- The South Africa preclinical imaging market generated a revenue of USD 133.8 million in 2023 and is expected to reach USD 179.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, optical was the largest revenue generating product in 2023.
- Multi Modal is the most lucrative product segment registering the fastest growth during the forecast period.
Preclinical imaging market data book summary
| Market revenue in 2023 | USD 133.8 million |
| Market revenue in 2030 | USD 179.9 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Optical |
| Fastest growing segment | Multi Modal |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CT, MRI, PET/SPECT, Multi Modal, Optical, Ultrasound, Photoacoustic, Reagents, Services |
| Key market players worldwide | Bruker Corp, Siemens AG, GE Aerospace, PerkinElmer, FUJIFILM Holdings Corp, Agilent Technologies, Rigaku, TriFoil Imaging, Mediso Medical Imaging Systems, MR Solutions |
Other key industry trends
- In terms of revenue, South Africa accounted for 3.1% of the global preclinical imaging 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 preclinical imaging 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 179.9 million by 2030.
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Preclinical Imaging Market Scope
Preclinical Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa preclinical imaging 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 preclinical imaging market will help companies and investors design strategic landscapes.
Optical was the largest segment with a revenue share of 13.3% in 2023. Horizon Databook has segmented the South Africa preclinical imaging market based on ct, mri, pet/spect, multi modal, optical, ultrasound, photoacoustic, reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.
The economic development of South Africa and presence of high unmet healthcare needs are some of the primary growth drivers of its market. The expected growth in healthcare spending and increased demand for advanced healthcare treatments are anticipated to boost the market during the forecast period.
Presence of genetically diverse population and rise in the incidence of diseases prevalent in the West, such as hypertension & heart diseases, make South Africa lucrative for companies willing to test drugs that would earn profits in the Western markets.
In addition, clinical trials in South Africa are mainly focused on diseases such as malaria, tuberculosis, and HIV/AIDS, as a large proportion of the country's population is affected with these diseases.
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Our clientele includes a mix of preclinical imaging 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 preclinical imaging market , including forecasts for subscribers. This country databook contains high-level insights into South Africa preclinical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa preclinical imaging market size, by product, 2018-2030 (US$M)
South Africa Preclinical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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