South Africa Spatial Omics Market Size & Outlook
South Africa spatial omics market, 2018-2030 (US$M)
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South Africa spatial omics market highlights
- The South Africa spatial omics market generated a revenue of USD 2.3 million in 2023 and is expected to reach USD 3.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Spatial omics market data book summary
| Market revenue in 2023 | USD 2.3 million |
| Market revenue in 2030 | USD 3.4 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Consumables, Software |
| Key market players worldwide | 10x Genomics Inc Ordinary Shares - Class A, Dovetail Genomics, S2 Genomics, NanoString Technologies, Seven Bridges, PerkinElmer, Bio-Techne Corp, Danaher Corp, Standard BioTools Inc, Hologic Inc, Bruker Corp, Rebus Biosystems |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global spatial omics 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 spatial omics 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 2.8 million by 2030.
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Spatial OMICS Market Scope
Spatial OMICS Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa spatial omics 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 spatial omics market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 52.17% in 2023. Horizon Databook has segmented the South Africa spatial omics market based on instruments, consumables, software covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa's spatial OMICS market is expected to exhibit considerable growth in the near future owing to rise in the demand for improved diagnostics that aid in the prevention & treatment of diseases.
Spatial genomics plays a major role in understanding disease pathology, therefore, increase in the prevalence of metabolic disorders is expected to drive the South African market.
According to The Lancet, South Africa will witness about a 78% increase in cancer cases by 2030. Thus, investments in innovations that aim to address healthcare problems in the country are expected to increase in the coming years, thereby intensifying the market environment.
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Target buyers of South Africa spatial omics market databook
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Our clientele includes a mix of spatial omics 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 spatial omics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa spatial omics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa spatial omics market size, by product, 2018-2030 (US$M)
South Africa Spatial OMICS Market Outlook Share, 2023 & 2030 (US$M)
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