South Africa Synthetic Biology Market Size & Outlook
South Africa synthetic biology market, 2018-2030 (US$M)
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South Africa synthetic biology market highlights
- The South Africa synthetic biology market generated a revenue of USD 95.2 million in 2023 and is expected to reach USD 295.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, pcr technology was the largest revenue generating technology in 2023.
- NGS Technology is the most lucrative technology segment registering the fastest growth during the forecast period.
Synthetic biology market data book summary
| Market revenue in 2023 | USD 95.2 million |
| Market revenue in 2030 | USD 295.1 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Pcr technology |
| Fastest growing segment | NGS Technology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | NGS Technology, PCR Technology, Genome Editing Technology, Bioprocessing Technology, Other Technologies |
| Key market players worldwide | Basf SE, Codexis Inc, Illumina Inc, Merck KGaA, New England Biolabs, Eurofins Scientific SE, Novozymes, DNAstar, Synthego, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.7% of the global synthetic biology 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 synthetic biology 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 245.9 million by 2030.
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Synthetic Biology Market Scope
Synthetic Biology Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa synthetic biology 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 synthetic biology market will help companies and investors design strategic landscapes.
Pcr technology was the largest segment with a revenue share of 27.1% in 2023. Horizon Databook has segmented the South Africa synthetic biology market based on ngs technology, pcr technology, genome editing technology, bioprocessing technology, other technologies covering the revenue growth of each sub-segment from 2018 to 2030.
Various international initiatives have influenced development of bioinformatics in South Africa. The European Molecular Biology Network was established as the first bioinformatics network in Africa, which was established in the early 1990s, with nodes similar to EMBNet nodes in Europe.
The WHO’s TDR also provided funding to help establishment of an African Regional Training Centre for Bioinformatics and Applied Genomics in the country. For instance, South Africa started South African Tuberculosis Bioinformatics Initiative (SATBBI) with an aim to deal with massive data generated by bioinformatics researchers.
This initiative has been funded by South African Medical Research Council, Stellenbosch University, Bill and Melinda Gates Foundation, and African Directorate of Science and Technology.This initiative started with collaboration with Africa Pathogen Genomics Initiative (PGI).
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Our clientele includes a mix of synthetic biology 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa synthetic biology market , including forecasts for subscribers. This country databook contains high-level insights into South Africa synthetic biology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa synthetic biology market size, by technology, 2018-2030 (US$M)
South Africa Synthetic Biology Market Outlook Share, 2023 & 2030 (US$M)
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