South Africa Rapid Medical Diagnostic Kits Market Size & Outlook
South Africa rapid medical diagnostic kits market, 2018-2030 (US$M)
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South Africa rapid medical diagnostic kits market highlights
- The South Africa rapid medical diagnostic kits market generated a revenue of USD 223.4 million in 2023 and is expected to reach USD 359.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, otc rdt was the largest revenue generating product in 2023.
- OTC RDT is the most lucrative product segment registering the fastest growth during the forecast period.
Rapid medical diagnostic kits market data book summary
| Market revenue in 2023 | USD 223.4 million |
| Market revenue in 2030 | USD 359.2 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Otc rdt |
| Fastest growing segment | OTC RDT |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OTC RDT, Professional RDT |
| Key market players worldwide | ACON Laboratories, Abbott Laboratories, BD, BioMerieux SA, Bio-Rad Laboratories Inc, Danaher Corp, Cardinal Health Inc, Creative Diagnostics, Roche, McKesson Corp, Meridian Bioscience, Trinity Biotech PLC ADR, Zoetis Inc Class A, Artron Bioresearch, Alfa Medical Group, BioNTech SE ADR, Sight Diagnostics |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global rapid medical diagnostic kits 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 rapid medical diagnostic kits 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 302.7 million by 2030.
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Rapid Medical Diagnostic Kits Market Scope
Rapid Medical Diagnostic Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa rapid medical diagnostic kits 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 rapid medical diagnostic kits market will help companies and investors design strategic landscapes.
Otc rdt was the largest segment with a revenue share of 64.06% in 2023. Horizon Databook has segmented the South Africa rapid medical diagnostic kits market based on otc rdt, professional rdt covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in prevalence of diabetes in South Africa is anticipated to boost the market during the forecast period. According to International Diabetes Federation, South Africa is one of the countries in Africa to have the highest number of individuals diagnosed with diabetes. About 1.8 million individuals were estimated to be diagnosed with diabetes.
Moreover, in South Africa, malaria was mainly prevalent in regions such as Mpumalanga, KwaZulu-Natal, and Limpopo in 2017. This is due to rise in ambient temperature, humidity, and rainfall over the season.
Thus, rise in incidence of diabetes and malaria is expected to boost market share in the country. Increase in use of diagnostic tests for HIV detection is also expected to fuel the market. The Self Testing Africa initiative approved by Unitaid Board is aimed at evaluating the market for HIV self testing.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa rapid medical diagnostic kits market , including forecasts for subscribers. This country databook contains high-level insights into South Africa rapid medical diagnostic kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa rapid medical diagnostic kits market size, by product, 2018-2030 (US$M)
South Africa Rapid Medical Diagnostic Kits Market Outlook Share, 2023 & 2030 (US$M)
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