22 - 24 October 2024

Cape Town International Convention Centre, South Africa

Industry insights

2023 Reports 

Major growth potential for laboratories in the SADC region

 Africa – one of the world's fastest-growing economic regions – has an expanding laboratory medicine and in vitro diagnostics (IVD) market that is expected to be worth 1.78 billion USD by the year 2029. 

The clinical laboratory industry in the Southern African Development Community (SADC) region is estimated to be the fastest growing in the area, presenting numerous opportunities for development and market expansion.

Take a look at our report that discusses the current state of the medical laboratories industry in Africa.

Challenges and trends facing medical labs

Amid rapid urbanisation on the continent, medical laboratories have struggled to meet the growing demand for healthcare services. This is often due to a lack of resources and inadequate diagnostic services that exacerbates healthcare challenges such as misdiagnoses, and the under or over treatment of diseases.

South Africa's healthcare system faces challenges from inadequate public funding and poor infrastructure, particularly in rural areas.

Take a look at our report that discusses the challenges faced by the medical laboratory industry in Africa.