Market revenue in 2023 | USD 106.5 million |
Market revenue in 2030 | USD 186.7 million |
Growth rate | 8.4% (CAGR from 2023 to 2030) |
Largest segment | Dna chips |
Fastest growing segment | Lab-on-chip |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Tissue Arrays, Cell Arrays, DNA Chips, Lab-on-chip, Protein Chips |
Key market players worldwide | Agilent Technologies Inc, PerkinElmer, Illumina Inc, Bio-Rad Laboratories Inc, Standard BioTools Inc, GE HealthCare Technologies Inc Common Stock, Thermo Fisher Scientific Inc, Qiagen NV, Randox |
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
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 biochip market will help companies and investors design strategic landscapes.
Dna chips was the largest segment with a revenue share of 36.24% in 2024. Horizon Databook has segmented the South Africa biochip market based on tissue arrays, cell arrays, dna chips, lab-on-chip, protein chips covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa exhibits a high demand for DNA-based array solutions due to its increasing cancer prevalence. According to the International Agency for Research on Cancer, around 108,168 new cases of cancer were reported in South Africa in 2020.
Such a high cancer burden in the country may result in higher demand for effective diagnosis tools, thereby fueling the demand for novel cancer diagnostics. Moreover, leveraging precision medicine capabilities is supporting market growth.
For instance, in September 2021, African genomics startup 54gene raised USD 25 million to expand its precision medicine capabilities. In addition, in December 2021, H3Africa funded scientists and advanced genomics capabilities in Africa.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa biochip market, including forecasts for subscribers. This country databook contains high-level insights into South Africa biochip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account