South Africa Scaffold Technology Market Size & Outlook
South Africa scaffold technology market, 2018-2030 (US$M)
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South Africa scaffold technology market highlights
- The South Africa scaffold technology market generated a revenue of USD 10.3 million in 2023 and is expected to reach USD 28.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 15.4% from 2024 to 2030.
- In terms of segment, hydrogels was the largest revenue generating type in 2023.
- Micropatterned Surface Microplates is the most lucrative type segment registering the fastest growth during the forecast period.
Scaffold technology market data book summary
| Market revenue in 2023 | USD 10.3 million |
| Market revenue in 2030 | USD 28.2 million |
| Growth rate | 15.4% (CAGR from 2023 to 2030) |
| Largest segment | Hydrogels |
| Fastest growing segment | Micropatterned Surface Microplates |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydrogels, Polymeric Scaffolds, Micropatterned Surface Microplates, Nanofiber Based Scaffolds |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Tecan Group AG, Becton Dickinson & Co, Medtronic PLC, Matricelf Ltd, Corning Inc, Avacta Group PLC, Vericel Corp, NuVasive, Allergan, ReproCELL, 3D Biotek, Xanofi, Molecular Matrix, Pelo Biotech, Azenta Life Sciences, Akron Biotechnology |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.5% of the global scaffold technology 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 scaffold technology 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 28.2 million by 2030.
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Scaffold Technology Market Scope
Scaffold Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa scaffold technology 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 scaffold technology market will help companies and investors design strategic landscapes.
Hydrogels was the largest segment with a revenue share of 41.75% in 2023. Horizon Databook has segmented the South Africa scaffold technology market based on hydrogels, polymeric scaffolds, micropatterned surface microplates, nanofiber based scaffolds covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is expected to witness considerable growth during the forecast period, owing to increase in incidence of chronic diseases and cell culture training programs offered by institutes. Recently, thermoresponsive nonwoven scaffolds for 3D cell culture were developed by a South African institute, which is driving the demand for 3D cell culture technology and related ongoing technological developments in this region.
Moreover, government initiatives undertaken to boost biological research activities are expected to positively impact the market over the forecast period. For instance, the Stellenbosch Institute for Advanced Study and the African Academy of Sciences together organized a workshop in July 2016, which focused on cell biology and regenerative medicine.
The workshop presented results on recent advancements in stem cell therapy and stem cells used in regenerative medicine, which in turn, raised the awareness about stem cells and regenerative medicine, influencing the usage of scaffold technology in South Africa.
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Our clientele includes a mix of scaffold technology market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa scaffold technology market , including forecasts for subscribers. This country databook contains high-level insights into South Africa scaffold technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa scaffold technology market size, by type, 2018-2030 (US$M)
South Africa Scaffold Technology Market Outlook Share, 2023 & 2030 (US$M)
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