Market revenue in 2023 | USD 21.7 million |
Market revenue in 2030 | USD 39.7 million |
Growth rate | 9% (CAGR from 2023 to 2030) |
Largest segment | Ck |
Fastest growing segment | CRP |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | CK, Myoglobin, Lactate, WBC, Urea, CRP, Lipid and Protein Hydroperoxides, IL-6 |
Ck was the largest segment with a revenue share of 17.97% in 2023. Horizon Databook has segmented the Australia blood-based biomaker for sports medicine market based on ck, myoglobin, lactate, wbc, urea, crp, lipid and protein hydroperoxides, il-6 covering the revenue growth of each sub-segment from 2018 to 2030.
Recent data highlights the growing focus on sports injury management in Australia. According to the Australian Institute of Health and Welfare’s September 2023 report, total health expenditure reached USD 195.4 billion, or about USD 7,764 per person, with USD 11.2 billion specifically allocated to sports injuries. This significant investment underscores the increasing priority given to athlete health and recovery.
In line with this trend, the market is expected to expand at a rapid pace in Australia. In addition, blood-based biomarkers offer valuable insights into injury risk, recovery progress, and overall athlete health, making them crucial for enhancing sports medicine practices. The demand for advanced diagnostic tools, including blood-based biomarkers, is expected to rise as the sports industry continues to grow.
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