South Africa Stem Cells Market Size & Outlook, 2023-2030
South Africa stem cells market, 2018-2030 (US$M)
Related Markets
South Africa stem cells market highlights
- The South Africa stem cells market generated a revenue of USD 171.5 million in 2023 and is expected to reach USD 351.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, adult stem cells was the largest revenue generating product in 2023.
- Induced Pluripotent Stem Cells is the most lucrative product segment registering the fastest growth during the forecast period.
Stem cells market data book summary
| Market revenue in 2023 | USD 171.5 million |
| Market revenue in 2030 | USD 351.1 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Adult stem cells |
| Fastest growing segment | Induced Pluripotent Stem Cells |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adult Stem Cells, Human Embryonic Stem Cells, Induced Pluripotent Stem Cells, Very Small Embryonic Like Stem Cells |
| Key market players worldwide | Thermo Fisher Scientific Inc, STEMCELL Technologies, CellGenix, PromoCell GmbH, Takara Bio Inc, Lonza Group Ltd, ATCC, Bio-Techne Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global stem cells 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 stem cells 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 138.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Stem Cells Market Scope
Stem Cells Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa stem cells 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 stem cells market will help companies and investors design strategic landscapes.
Adult stem cells was the largest segment with a revenue share of 83.67% in 2023. Horizon Databook has segmented the South Africa stem cells market based on adult stem cells, human embryonic stem cells, induced pluripotent stem cells, very small embryonic like stem cells covering the revenue growth of each sub-segment from 2018 to 2030.
Human embryonic stem cells/genome editing applications are at a nascent stage in South Africa. According to regulatory policy, the destruction of embryos is considered unethical in South Africa. This is restricting the use of stem cells in the country.
The introduction of the Human Tissues Act and the National Health Act, along with the presence of a distribution network of international companies, is expected to positively impact market growth in South Africa in the near future.
Stem cell therapy is becoming an advanced and promising scientific area of research. In South Africa, on average, every 72 minutes, someone is diagnosed with blood cancer. The diversity of genetics in the population results in only 25% match between the patients and family members. Therefore, donor registration is essential for the stem cell market in South Africa.
Reasons to subscribe to South Africa stem cells market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Africa stem cells market databook
-
Our clientele includes a mix of stem cells market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 stem cells market , including forecasts for subscribers. This country databook contains high-level insights into South Africa stem cells market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa stem cells market size, by product, 2018-2030 (US$M)
South Africa Stem Cells Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
