South Africa Veterinary Diagnostics Market Size & Outlook
South Africa veterinary diagnostics market, 2018-2030 (US$M)
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South Africa veterinary diagnostics market highlights
- The South Africa veterinary diagnostics market generated a revenue of USD 83.2 million in 2023 and is expected to reach USD 157.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, consumables, reagents & kits was the largest revenue generating product in 2023.
- Consumables, Reagents & Kits is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary diagnostics market data book summary
| Market revenue in 2023 | USD 83.2 million |
| Market revenue in 2030 | USD 157.4 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumables, reagents & kits |
| Fastest growing segment | Consumables, Reagents & Kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Reagents & Kits, Equipment & Instruments |
| Key market players worldwide | IDEXX Laboratories Inc, Zoetis Inc Class A, Antech Diagnostics, Hera SpA, Embark, Esaote, Thermo Fisher Scientific Inc, Virbac SA, FUJIFILM Holdings Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.9% of the global veterinary diagnostics 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 veterinary diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6.5 million by 2030.
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Veterinary Diagnostics Market Scope
Veterinary Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa veterinary diagnostics 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 veterinary diagnostics market will help companies and investors design strategic landscapes.
Consumables, reagents & kits was the largest segment with a revenue share of 52.64% in 2023. Horizon Databook has segmented the South Africa veterinary diagnostics market based on consumables, reagents & kits, equipment & instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of target population in South Africa and growing demand for diagnosis of numerous diseases are factors expected to drive market growth in this country. Livestock plays an economic & sociocultural role in the wellbeing of households in the country.
It is the backbone of the South African agriculture space since decades. Moreover, Africa produce nearly 900,000 tons of animal meat every year, making the testing and diagnosis of diseases in animals & animal products essential.
There is been a noticeable increase rise in the disposable income in the country, which is likely to boost demand for animal protein. Moreover, it is observed that greater number of people are adopting companion animals.
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Target buyers of South Africa veterinary diagnostics market databook
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Our clientele includes a mix of veterinary diagnostics 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 veterinary diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa veterinary diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa veterinary diagnostics market size, by product, 2018-2030 (US$M)
South Africa Veterinary Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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