South Africa Laboratory Supplies Market Size & Outlook
South Africa Laboratory Supplies Market, 2018-2030 (US$M)
Global Market
Related Markets
South Africa laboratory supplies market highlights
- The South Africa laboratory supplies market generated a revenue of USD 474.1 million in 2023 and is expected to reach USD 662.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Disposables is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory supplies market data book summary
| Market revenue in 2023 | USD 474.1 million |
| Market revenue in 2030 | USD 662.5 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Disposables |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Bruker Corp, Danaher Corp, FUJIFILM Holdings Corp, PerkinElmer, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Waters Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.1% of the global laboratory supplies 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 laboratory supplies market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 662.5 million by 2030.
Government initiatives such as development of special economic zones, Tripartite Free Trade Area, tax breaks, and establishment of South African Health Products Regulatory Authority (SAHPRA) are expected to increase the number of foreign investments & collaborations in South Africa, facilitating market growth.
Moreover, an increase in the number of public-private partnerships and a growing need for upgrading hospitals & laboratories are other factors expected to create opportunities for market players. As per the National Research and Experimental Development Survey, South Africa’s gross expenditure on R&D increased in 2017 & 2018 accounting for 0.82% of its GDP.
This indicates that R&D in the country is growing at a slow pace; however, concerns still remain as the expenditure is still relatively lower than other countries. In September 2019, iBio, Inc.—under an MOU—entered into its initial Statement of Work (SOW1) with South Africa’s Azar Gen Biotechnologies (Pty.) Ltd. Under SOW1, iBio would develop research quantities of plant-made rituximab using its proprietary Fast Pharming System for Azar Gen.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shimadzu Corp | View profile | 15,284 | 1, Nishinokyo-Kuwabara-cho, Nakagyo-ku, Kyoto, Japan, 604-8511 | www.shimadzu.com |
| FUJIFILM Holdings Corp | View profile | 83,784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | www.fujifilmholdings.com |
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Danaher Corp | View profile | 63,000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | www.danaher.com |
| Sartorius AG | View profile | 14,338 | Otto-Brenner-Strasse 20, Gottingen, NI, Germany, 37079 | www.sartorius.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
| Bruker Corp | View profile | 9,707 | 40 Manning Road, Billerica, MA, United States, 01821 | www.bruker.com |
| Waters Corp | View profile | 7,900 | 34 Maple Street, Milford, MA, United States, 01757 | www.waters.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | www.perkinelmer.com |
South Africa Laboratory Supplies 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 Laboratory Supplies Market Outlook will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 64.08% in 2023.
Horizon Databook has segmented the South Africa laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
Government initiatives such as development of special economic zones, Tripartite Free Trade Area, tax breaks, and establishment of South African Health Products Regulatory Authority (SAHPRA) are expected to increase the number of foreign investments & collaborations in South Africa, facilitating market growth.
Moreover, an increase in the number of public-private partnerships and a growing need for upgrading hospitals & laboratories are other factors expected to create opportunities for market players. As per the National Research and Experimental Development Survey, South Africa’s gross expenditure on R&D increased in 2017 & 2018 accounting for 0.82% of its GDP.
This indicates that R&D in the country is growing at a slow pace; however, concerns still remain as the expenditure is still relatively lower than other countries. In September 2019, iBio, Inc.—under an MOU—entered into its initial Statement of Work (SOW1) with South Africa’s Azar Gen Biotechnologies (Pty.) Ltd. Under SOW1, iBio would develop research quantities of plant-made rituximab using its proprietary Fast Pharming System for Azar Gen.
- South Africa Laboratory Supplies Market Product Outlook (Revenue, USD Million , 2018-2030)
- Equipment
- Disposables
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa Laboratory Supplies Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Laboratory Supplies Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Laboratory Supplies Market, 2018-2030 (US$M)
South Africa laboratory supplies market statistics, by product, 2018-2030 (US$M)
