South Africa Protein Labeling Market Size & Outlook
South Africa protein labeling market, 2018-2030 (US$M)
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South Africa protein labeling market highlights
- The South Africa protein labeling market generated a revenue of USD 13.1 million in 2023 and is expected to reach USD 19.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Protein labeling market data book summary
| Market revenue in 2023 | USD 13.1 million |
| Market revenue in 2030 | USD 19.2 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reagents, Kits, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, PerkinElmer, Promega, Roche Holding AG, LGC Group, New England Biolabs, GE HealthCare Technologies Inc Common Stock, LI-COR, Jena Bioscience |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global protein labeling 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 protein labeling market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 16.9 million by 2030.
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Protein Labeling Market Scope
Protein Labeling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa protein labeling 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 protein labeling market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 64.12% in 2023. Horizon Databook has segmented the South Africa protein labeling market based on reagents, kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa has a very small share of the global protein labeling market. The two-tiered healthcare system of the country, divided along socioeconomic lines, allows citizens to buy private coverage. Old facilities, poor quality compared to private care, poor disease prevention & control practices, and long waiting times are among the challenges faced by patients in this country.
Moreover, the government prioritizes primary healthcare approaches to provide healthcare facilities to the population. In addition, clinical trials provide the substantiation necessary for introducing novel drugs to treat diseases by acquiring essential data on the safety & efficacy of the pharmaceuticals.
However, Africa conducts less than 2% of global cancer clinical trials. Nevertheless, government initiatives to attract foreign investors & support from international organizations to enhance the quality of life in the country are expected to boost the market in the coming decade.
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Our clientele includes a mix of protein labeling 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 protein labeling market , including forecasts for subscribers. This country databook contains high-level insights into South Africa protein labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa protein labeling market size, by product, 2018-2030 (US$M)
South Africa Protein Labeling Market Outlook Share, 2023 & 2030 (US$M)
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