Market revenue in 2023 | USD 30.3 million |
Market revenue in 2030 | USD 53.5 million |
Growth rate | 8.5% (CAGR from 2023 to 2030) |
Largest segment | Small molecule |
Fastest growing segment | Large Molecule |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Small Molecule, Large Molecule |
Key market players worldwide | IQVIA Holdings Inc, JSR Corp, Taconic Biosciences, Evotec SE, Janvier Labs, Charles River Laboratories International Inc, Icon PLC, Labcorp Holdings Inc, PAREXEL, GemPharmatech, PsychoGenics, Biocytogen, SMO-Group |
Small molecule was the largest segment with a revenue share of 63.7% in 2024. Horizon Databook has segmented the Australia in vivo cro market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
The Department of Health and industry stakeholders are collaborating to improve Australia’s clinical research and trial environment. The initiatives include receiving funding support from the Medical Research Future Fund to develop drug discovery centers, benefitting from favorable R&D tax incentives, and implementing streamlined regulatory pathways. These factors are expected to drive Australia’s in vivo CRO market during the forecast period.
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