Australia Biologics Contract Development Market Size & Outlook
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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 |
|---|---|---|---|---|
| Bionova Scientific | View profile | 51-100 | Fremont, Ohio, United States, North America | https://bionovascientific.com/ |
| Abzena | View profile | 501-1000 | San Diego, California, United States, North America | http://abzena.com/ |
| Curia | View profile | 1001-5000 | Albany, New York, United States, North America | https://curiaglobal.com |
| Boehringer Ingelheim Pharma | View profile | 10001+ | Dortmund, Nordrhein-Westfalen, Germany, Europe | https://www.boehringer-ingelheim.de/unternehmensprofil/unser-unternehmen/standort-dortmund |
| AGC Biologics | View profile | 1001-5000 | Bothell, Washington, United States, North America | http://www.agcbio.com/ |
| JSR Corp | View profile | 7994 | 1-9-2 Higashi-Shimbashi, Shiodome Sumitomo Building, 22nd Floor, Minato-ku, Tokyo, Japan, 105-8640 | http://www.jsr.co.jp |
| Genscript Biotech Corp Class H | View profile | 6937 | No. 28, Yongxi Road, Jiangning Science Park, Jiangsu Province, Nanjing, China, People's Republic of, 211100 | https://www.genscript.com |
| WuXi Biologics (Cayman) Inc | View profile | 12740 | No. 108, Meiliang Road, Mashan Binhu District, Wuxi, China, People's Republic of, 214092 | https://www.wuxibiologics.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
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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