Australia Cell Culture Media Market Size & Outlook
Australia cell culture media market, 2018-2030 (US$M)
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Australia cell culture media market highlights
- The Australia cell culture media market generated a revenue of USD 89.6 million in 2023 and is expected to reach USD 220.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 13.7% from 2024 to 2030.
- In terms of segment, serum-free media was the largest revenue generating product in 2023.
- Serum-free Media is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture media market data book summary
| Market revenue in 2023 | USD 89.6 million |
| Market revenue in 2030 | USD 220.1 million |
| Growth rate | 13.7% (CAGR from 2023 to 2030) |
| Largest segment | Serum-free media |
| Fastest growing segment | Serum-free Media |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serum-free Media, Classical Media, Stem Cell Culture Media, Chemically Defined Media, Specialty Media, Other Cell Culture Media |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, FUJIFILM Holdings Corp, Lonza Group Ltd, BD, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Australia accounted for 1.9% of the global cell culture media market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cell culture media 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 842.0 million by 2030.
Serum-free media was the largest segment with a revenue share of 35.38% in 2023. Horizon Databook has segmented the Australia cell culture media market based on serum-free media, classical media, stem cell culture media, chemically defined media, specialty media, other cell culture media covering the revenue growth of each sub-segment from 2018 to 2030.
The Australian Regulatory Guidelines for Biologicals (ARGB) provides details on the supply and usage of tissue and human cell-based therapeutics and live animal organs, cells, and tissues. In addition, the Therapeutic Goods Administration (TGA) is accountable for regulation of products for therapeutic use, including human cells and tissues, known as biologics. This includes human stem cell treatments.
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Cell Culture Media Market Scope
Cell Culture Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia cell culture media market size, by product, 2018-2030 (US$M)
Australia Cell Culture Media Market Outlook Share, 2023 & 2030 (US$M)
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