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The Africa clinical trials market size was valued at USD 0.91 billion in 2023. The market is projected to grow from USD 0.96 billion in 2024 to USD 1.68 billion by 2032, exhibiting a CAGR of 7.2% during the forecast period.
The burden of chronic conditions such as including malaria, HIV/AIDS, tuberculosis, and non-communicable diseases, such as diabetes, cancer, and others, along with the high mortality rates due to such diseases, has been increasing significantly in Africa. This factor has been fueling the demand for effective and novel diagnosis and treatment options to reduce the growing burden of the disease. In order to fulfill this growing demand, pharmaceutical and biotechnology companies have increased their focus on conducting clinical studies for the development and launch of effective therapeutics, thereby fueling the Africa clinical trials market growth.
Furthermore, conducting clinical trials in Africa is comparatively cheaper than in other countries globally, and it also reduces certain challenges, such as a limited patient pool, stringent regulatory policies, and others, compared to the rest of the world.
Moreover, the increasing focus of the government and regulatory bodies on initiatives to enhance the trial programs has also been fueling the market growth.
During the COVID-19 pandemic in 2020, the market experienced growth in its value. This was due to the increased focus of pharmaceutical and biotechnology companies on R&D to develop effective diagnosis, treatment, and prevention options for COVID-19.
Moreover, in 2021, the market experienced a significant boost in its market value due to the initiation of clinical studies that were put on hold in 2020 because of the sudden outbreak of COVID-19.
Increasing Investment by Healthcare Industry in R&D to Fuel Number of Trials Being Conducted in Region
The growing burden of chronic conditions such as infectious diseases has been fueling the demand for effective therapeutics and has been fueling the pharmaceutical companies’ emphasis on effective drug development. Along with this, the increasing demand for inexpensive medicines in African countries has also been fueling the demand for the development of novel and cost-effective therapeutics in the region. This is because the development of medicines locally in Africa could eliminate the import costs that are applicable to products being imported from other parts of the world and would reduce the overall cost of treatment through these therapeutics.
Furthermore, many Contract Research Organizations (CROs) are focusing on partnerships and collaborations in order to expand their service offerings in the region.
Therefore, the increasing investment by pharmaceutical companies in new therapeutics development, along with the increasing emphasis of Contract Research Organizations (CROs) on the expansion of their service offerings, has been increasing the number of trials being conducted in the region.
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Growing Burden of Chronic Conditions and Increasing Demand for Cost-effective Products Fuels Market Growth
The growing burden of chronic conditions such as cancer, diabetes, Ebola virus, cardiovascular diseases (CVD), Parkinson’s, and others has been fueling the demand for effective treatment options.
The growing burden of disease has been increasing the annual cost of the prevention, diagnosis, and treatment of the disease.
Such high costs are sometimes difficult for the general population to cover, especially in low- and middle-income countries, leading to limited adoption of these treatment options. To increase the adoption of effective treatments, pharmaceutical and biotechnological companies have increased their focus on developing cost-effective therapeutics for the prevention and treatment of diseases. This factor has been fueling the number of clinical studies being conducted in the region.
The increasing focus of pharmaceutical, biotechnology, and medical device companies on R&D has been fueling the demand for effective drug development, and, thereby, the number of clinical studies being conducted.
Challenges Associated with Conducting Clinical Studies in African Countries Restricts Market Growth
The low cost of conducting research studies in Africa has been fueling the number of trials conducted in the region. However, challenges such as lack of financial capacity and limited human resources, among others, have been limiting the number of trials conducted in the region.
Such challenges faced while conducting trials in Africa limit the market players from registering trials in the region, thereby restricting Africa clinical trials market growth.
Increasing Focus of Academic and Research Institutes on Conducting Research Studies in Region is Responsible for Phase III Segment’s Dominance
By phase, the market is segmented into phase I, phase II, phase III, and phase IV.
The phase III segment dominated the market in 2023. The segment’s dominance in the market is attributed to the increasing focus of academic and research institutes worldwide on conducting trials in Africa.
The phase II segment is expected to grow at the fastest CAGR during the forecast period. The segment’s growth is attributed to increasing demand for effective drug development. Moreover, the increasing emphasis of the pharmaceutical, biotechnology, and medical devices companies on conducting trials in the region at a cheaper cost as compared to the U.S. and European countries such as the U.K. and Germany has also been fueling the segment’s growth.
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Increasing Focus of Market Players on Expansion of Application of its Products for Clinical Trials Fuels Infectious Disease Segment’s Dominance
On the basis of application, the Africa clinical trials market is segmented into oncology, CNS disorder, cardiology, infectious disease, metabolic disorder, renal/nephrology, and others.
The infectious disease segment dominated the market in 2023, accounting for the maximum Africa clinical trials market share. The growing burden of infectious diseases, such as Ebola virus, hepatitis, chikungunya, and others, in Africa has been fueling the demand for effective therapeutics. In order to fulfill this demand, market players have been focusing on conducting trials in the region for effective therapeutic development.
Moroever, the oncology segment is expected to grow at the fastest CAGR during the forecast period. The segment’s dominance is attributed to the presence of a large patient population which helps in increasing the efficiency of the clinical trials.
Based on geography, the market is studied across West, Central, East, and South Africa.
The market in South Africa accounted for the maximum share of the total Africa market in 2023, generating a revenue of USD 0.56 billion. The market’s growth in the sub-region is attributed to the strong presence of Contract Research Organizations (CROs) such as Medpace, Laboratory Corporation of America Holdings, IQVIA Inc., Syneos Health, and others, which has been fueling the outsourcing of clinical studies by small and mid-sized pharmaceutical companies.
The market in East Africa is expected to grow at a significant CAGR during the forecast period. The market’s growth in the region is attributed to the strong regulatory framework in the countries of East Africa, which has been attracting pharmaceutical companies and Contract Research Organizations (CROs) to conduct trials in the region.
Moreover, the markets in West and Central Africa are expected to grow throughout the forecast period due to the increasing number of clinical trials being conducted in the regions.
Strong Emphasis of Market Players on Partnerships and Collaborations to Strengthen their Product Offerings
Market players such as IQVIA Inc., Laboratory Corporation of America Holdings, ICON plc, Syneos Health, and Charles River Laboratories are among the major players, accounting for a significant portion of the Africa clinical trials market value. The significant presence of these companies in the market is due to their focus on new services and platform launches to increase the efficiency of their offerings.
Moreover, pharmaceutical, biotechnological, and medical device companies such as Pfizer Inc., Novartis AG, and F. Hoffmann-La Roche Ltd, among others, have been focusing on conducting clinical studies in Africa.
The Africa clinical trials market report provides a detailed competitive landscape and market insights. The report includes key insights, such as top industry developments covering partnerships, mergers, and acquisitions as well. Additionally, it focuses on key points, such as new solution launches in the market. Furthermore, the report covers regional analysis of different market segments, profiles of key market players, market trends, and the impact of COVID-19 on the market. The report consists of quantitative and qualitative insights that have contributed to the market's growth.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 7.2% from 2024-2032 |
Unit | Value (USD billion) |
Segmentation | By Phase
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By Application
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By Region
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Fortune Business Insights says that the Africa market stood at USD 0.91 billion in 2023 and is projected to record a valuation of USD 1.68 billion by 2032.
In 2023, the South African market value stood at USD 0.56 billion.
The market is predicted to exhibit a CAGR of 7.2% during the forecast period.
By phase the phase III segment led the market in 2023.
Increasing demand for the development of cost-effective treatments and the increasing number of clinical trials being conducted in Africa have been fueling the market’s growth.
IQVIA Inc., Laboratory Corporation of America Holdings, ICON plc, Syneos Health, and Charles River Laboratories are the top players operating in the market.
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