South Africa Laboratory Supplies Market Insights Forecasts to 2033

• The South Africa Laboratory Supplies Market Size was valued at USD 489.8 Million in 2023.
• The Market Size is Growing at a CAGR of 4.54% from 2023 to 2033
• The South Africa Laboratory Supplies Market Size is Expected to Reach USD 763.2 Million by 2033

The South Africa Laboratory Supplies Market Size is Anticipated to Reach USD 763.2 Million by 2033, Growing at a CAGR of 4.54% from 2023 to 2033

Market Overview

Laboratory supplies are equipment, consumables, tools, and machinery used in the production, analysis, and research of different chemicals, medications, and pharmaceutical treatments. The safety equipment and clothing are also included in other contents such that no harm will appear to the people conducting the research. Lab supplies are utilized in laboratories for conducting accurate and controlled experiments, investigations, and analyses. Lab equipment comprises labware, lab trays, and lab pans which are used in the laboratory for the reason of transportation, storage, and maintenance of materials. Lab tools and equipment are used to measure, mix, organize, manage, distribute, and assess lab samples appropriately. South Africa laboratory supplies market will benefit from the growing usage of technology in the equipment, which in turn is expected to increase investment and government funding in research activity.

Report Coverage

This research report categorizes the market for the South Africa laboratory supplies market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Africa laboratory supplies market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Africa laboratory supplies market.

Driving Factors

The factors that fuel the South Africa laboratory supplies market include increased demand for laboratory equipment in various industries, increased governmental funding for science research by governments, and investments in research and development. The emergence of new diseases and increasing clinical trials along with the adoption of advanced laboratory technology also influence the market. Moreover, the government of South Africa has initiated measures to boost research and development activities in the country.

Restraining Factors

Laboratory equipment services are costly since high technologies are applied to enhance output and productivity. According to the market forecast, increased laboratory equipment costs are expected to be a constraint to the growth of the South Africa laboratory supplies market during the forecast period.

Market Segmentation

The South Africa laboratory supplies market share is classified into product and end-user.

• The equipment segment is expected to hold the largest market share through the forecast period.

The South Africa laboratory supplies market is segmented by product into equipment and disposables. Among these, the equipment segment is expected to hold the largest market share through the forecast period. The growth in the use of high-technology laboratory equipment and the increase in the various sectors of R&D have further driven the demand for laboratory equipment. Most laboratory equipment usually involves a long financial commitment in which purchase may require payment once over very many years.

• The clinical & diagnostic laboratories segment is expected to dominate the South Africa laboratory supplies market during the forecast period.       

Based on the end-user, the South Africa laboratory supplies market is divided into academic institutions, clinical & diagnostic laboratories, and pharmaceutical & biotechnology companies. Among these, the clinical & diagnostic laboratories segment is expected to dominate the South Africa laboratory supplies market during the forecast period. This is because laboratory facilities require diversified needs of equipment, disposables, and chemicals for diagnosis and patient monitoring and testing, lab supplies are consumed in many applications in the facilities. Additionally, the number of clinical trials and research is growing in terms of count, which further expands the category.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Africa laboratory supplies market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Bio-Rad Laboratories
• Bruker Corporation
• Danaher Corporation
• Fujifilm Holdings Corporation
• Agilent Technologies Inc.
• PerkinElmer Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, Thermo Fisher Scientific Launches New ENERGY STAR-Certified TSX Universal Series ULT Freezers for Tighter Temperature Control and Faster Recovery Times Enhanced performance and 33 percent energy savings support quality and sustainability goals in the laboratory.

Market Segment

This study forecasts revenue at South Africa, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the South Africa laboratory supplies market based on the below-mentioned segments:

South Africa Laboratory Supplies Market, By Product

• Equipment
• Disposables

South Africa Laboratory Supplies Market, By End-User

• Academic Institutions
• Clinical and Diagnostic Laboratories
• Pharmaceutical and Biotechnology Companies