South Africa Viscosupplementation Market Size & Outlook
South Africa viscosupplementation market, 2018-2030 (US$M)
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South Africa viscosupplementation market highlights
- The South Africa viscosupplementation market generated a revenue of USD 12.2 million in 2023 and is expected to reach USD 22.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, single injection was the largest revenue generating product in 2023.
- Single Injection is the most lucrative product segment registering the fastest growth during the forecast period.
Viscosupplementation market data book summary
| Market revenue in 2023 | USD 12.2 million |
| Market revenue in 2030 | USD 22.3 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Single injection |
| Fastest growing segment | Single Injection |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Injection, Three Injection, Five Injection |
| Key market players worldwide | DePuy Synthes, Sanofi SA, Smith & Nephew PLC, Anika Therapeutics Inc, Zimmer Biomet Holdings Inc, Ferring, Lifecore Biomedical Inc, LG Chem, Roche Holding AG |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.3% of the global viscosupplementation 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 viscosupplementation market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5.2 million by 2030.
Single injection was the largest segment with a revenue share of 42.62% in 2023. Horizon Databook has segmented the South Africa viscosupplementation market based on single injection, three injection, five injection covering the revenue growth of each sub-segment from 2018 to 2030.
The South African market for viscosupplements is expected to grow owing to the aging population and improving economy. According to the estimates of Statistics South Africa, there were about 4.6 million people above the age of 60 years in the country. There is no MFN tax imposed and sales tax is 14%, with only one additional environmental tax on hyaluronic acid products, which provides a conducive environment for growth.
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Viscosupplementation Market Scope
Viscosupplementation Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa viscosupplementation market size, by product, 2018-2030 (US$M)
South Africa Viscosupplementation Market Outlook Share, 2023 & 2030 (US$M)
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