South Africa Biotechnology Market Size & Outlook, 2024-2030
South Africa Biotechnology Market, 2018-2030 (US$M)
Global Market
Related Markets
South Africa biotechnology market highlights
- The South Africa biotechnology market generated a revenue of USD 8,919.4 million in 2023 and is expected to reach USD 21,654.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 13.5% from 2024 to 2030.
- In terms of segment, health was the largest revenue generating application in 2023.
- Bioinformatics is the most lucrative application segment registering the fastest growth during the forecast period.
Biotechnology market data book summary
| Market revenue in 2023 | USD 8,919.4 million |
| Market revenue in 2030 | USD 21,654.0 million |
| Growth rate | 13.5% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Bioinformatics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health, Food & Agriculture, Natural reseources & Environment, Industrial Processing, Bioinformatics, Others Applications |
| Key market players worldwide | AstraZeneca PLC, Gilead Sciences Inc, Bristol-Myers Squibb Co, Sanofi SA, Biogen Inc, Abbott Laboratories, Pfizer Inc, Amgen Inc, Novo Nordisk A/S ADR, Merck KGaA, Johnson & Johnson, Novartis AG ADR, Roche Holding AG, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global biotechnology 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 biotechnology 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 12,212.2 million by 2030.
Number of people affected by cancer is expected to increase by 78% by 2030 in South Africa. This soaring burden of illness in the country is anticipated to drive the market and result in expansion of product portfolios.
Significant R&D has been conducted in South Africa to boost development of immunotherapies. Although no commercial products have been approved by the country, the number of clinical trials has increased to boost commercialization of these products.
Some of the challenges being faced by the country in introducing T-cell therapies are manufacturing restraints, underdevelopment of regulatory systems, legal & social requirements, and high pricing of these therapies.
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Biotechnology Market Scope
Biotechnology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson & Johnson | View profile | 134,400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | www.jnj.com |
| Novartis AG ADR | View profile | 76,057 | Lichtstrasse 35, Basel, Switzerland, 4056 | www.novartis.com |
| Amgen Inc | View profile | 26,700 | One Amgen Center Drive, Thousand Oaks, CA, United States, 91320-1799 | www.amgen.com |
| Merck KGaA | View profile | 62,345 | Frankfurter Strasse 250, Darmstadt, HE, Germany, 64293 | www.emdgroup.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Pfizer Inc | View profile | 88,000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | www.pfizer.com |
| Sanofi SA | View profile | 87,994 | 46, avenue de la Grande Armée, Paris, France, 75017 | www.sanofi.com |
| Lonza Group Ltd | View profile | 18,000 | Muenchensteinerstrasse 38, Basel, Switzerland, CH-4002 | www.lonza.com |
| Roche Holding AG | View profile | 103,605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | www.roche.com |
| Bristol-Myers Squibb Co | View profile | 34,100 | Route 206 and Province Line Road, Princeton, New Jersey, NJ, United States, 08543 | www.bms.com |
South Africa Biotechnology 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 Biotechnology Market Outlook will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 46.26% in 2023.
Horizon Databook has segmented the South Africa biotechnology market based on health, food & agriculture, natural reseources & environment, industrial processing, bioinformatics, others applications covering the revenue growth of each sub-segment from 2018 to 2030.
Number of people affected by cancer is expected to increase by 78% by 2030 in South Africa. This soaring burden of illness in the country is anticipated to drive the market and result in expansion of product portfolios.
Significant R&D has been conducted in South Africa to boost development of immunotherapies. Although no commercial products have been approved by the country, the number of clinical trials has increased to boost commercialization of these products.
Some of the challenges being faced by the country in introducing T-cell therapies are manufacturing restraints, underdevelopment of regulatory systems, legal & social requirements, and high pricing of these therapies.
- South Africa Biotechnology Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Fermentation
- Chromatography Market
- DNA Sequencing
- Cell Based Assay
- Others
- PCR Technology
- Nanobiotechnology
- Tissue engineering and Regeneration
- South Africa Biotechnology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Natural reseources & Environment
- Others Applications
- Food & Agriculture
- Health
- Industrial Processing
- Bioinformatics
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa Biotechnology Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Biotechnology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Biotechnology Market, 2018-2030 (US$M)
South Africa biotechnology market statistics, by technology, 2018-2030 (US$M)
