Australia Biologics Contract Development Market Size & Outlook
Australia biologics contract development market, 2018-2030 (US$M)
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Australia biologics contract development market highlights
- The Australia biologics contract development market generated a revenue of USD 159.6 million in 2023 and is expected to reach USD 320.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, mammalian source was the largest revenue generating source in 2023.
- Mammalian Source is the most lucrative source segment registering the fastest growth during the forecast period.
Biologics contract development market data book summary
| Market revenue in 2023 | USD 159.6 million |
| Market revenue in 2030 | USD 320.7 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Mammalian source |
| Fastest growing segment | Mammalian Source |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Microbial Source, Mammalian Source, Other Source |
| Key market players worldwide | WuXi Biologics (Cayman) Inc, FUJIFILM Holdings Corp, AGC Biologics, Thermo Fisher Scientific Inc, Curia, Genscript Biotech Corp Class H, Boehringer Ingelheim Pharma, Abzena, JSR Corp, Bionova Scientific |
Other key industry trends
- In terms of revenue, Australia accounted for 2.0% of the global biologics contract development market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biologics contract development market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 811.1 million by 2030.
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Biologics Contract Development Market Scope
Biologics Contract Development Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia biologics contract development 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 biologics contract development market will help companies and investors design strategic landscapes.
Mammalian source was the largest segment with a revenue share of 53.76% in 2023. Horizon Databook has segmented the Australia biologics contract development market based on microbial source, mammalian source, other source covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is a home to some of the world’s leading scientists, physicians and healthcare professionals. Every year, over 1,500 new clinical trials take place in Australia through pharmaceutical and biotechnology companies.
According to a report by the Australian government, early phase clinical trials are 28% cheaper than the U.S. before tax incentives and 60% cheaper after tax incentives. Between 2010 and 2015, Australia grew by more than 50 % in First in Human Trials (FIHT), representing the growing global recognition of the country.
Australian government spends around USD 3 billion each year to support medical research projects. The National Health and Medical Research Council (NHMRC) is the Australian Government’s main funding body.
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Our clientele includes a mix of biologics contract development market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia biologics contract development market, including forecasts for subscribers. This country databook contains high-level insights into Australia biologics contract development market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia biologics contract development market size, by source, 2018-2030 (US$M)
Australia Biologics Contract Development Market Share, 2023 & 2030 (US$M)
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