Australia Cell Reprogramming Market Size & Outlook
Australia cell reprogramming market, 2018-2030 (US$M)
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Australia cell reprogramming market highlights
- The Australia cell reprogramming market generated a revenue of USD 8.3 million in 2023 and is expected to reach USD 13.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, mrna reprogramming was the largest revenue generating technology in 2023.
- MRNA Reprogramming is the most lucrative technology segment registering the fastest growth during the forecast period.
Cell reprogramming market data book summary
| Market revenue in 2023 | USD 8.3 million |
| Market revenue in 2030 | USD 13.9 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Mrna reprogramming |
| Fastest growing segment | MRNA Reprogramming |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sendai Virus-based Reprogramming, MRNA Reprogramming, Episomal Reprogramming |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Bio-Techne Corp, ReproCELL, Lonza Group Ltd, FUJIFILM Holdings Corp, Astellas Pharma Inc, Allele Biotech, Alstem, STEMCELL Technologies |
Other key industry trends
- In terms of revenue, Australia accounted for 2.2% of the global cell reprogramming 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 reprogramming 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 39.3 million by 2030.
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Cell Reprogramming Market Scope
Cell Reprogramming Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia cell reprogramming 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 cell reprogramming market will help companies and investors design strategic landscapes.
Mrna reprogramming was the largest segment with a revenue share of 32.53% in 2023. Horizon Databook has segmented the Australia cell reprogramming market based on sendai virus-based reprogramming, mrna reprogramming, episomal reprogramming covering the revenue growth of each sub-segment from 2018 to 2030.
Rising research for advancing cell reprogramming applications by companies and research institutes is boosting the cell reprogramming market in Australia. For instance, according to an article published by the Telethon Kids Institute in August 2023, Australian scientists have devised a new technique to reset the memory of reprogrammed human cells, enhancing their resemblance to embryonic stem cells.
This breakthrough holds substantial implications for treating various severe diseases. The application of embryonic stem cells in medicine poses ethical and practical challenges, and reprogramming adult cells into functionally equivalent iPS cells offers a vital alternative.
This approach empowers scientists to advance stem cell therapies without the ethical concerns associated with embryonic stem cells, providing a promising avenue for medical advancements.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia cell reprogramming market , including forecasts for subscribers. This country databook contains high-level insights into Australia cell reprogramming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia cell reprogramming market size, by technology, 2018-2030 (US$M)
Australia Cell Reprogramming Market Outlook Share, 2023 & 2030 (US$M)
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