Australia Laboratory Equipment Market Size & Outlook
Australia laboratory equipment market, 2018-2030 (US$M)
Related Markets
Australia laboratory equipment market highlights
- The Australia laboratory equipment market generated a revenue of USD 286.6 million in 2023 and is expected to reach USD 425.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, general was the largest revenue generating product in 2023.
- Support is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory equipment market data book summary
| Market revenue in 2023 | USD 286.6 million |
| Market revenue in 2030 | USD 425.1 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | General |
| Fastest growing segment | Support |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General, Analytical, Clinical, Support, Specialty |
| Key market players worldwide | Sartorius AG, Bio-Rad Laboratories Inc, FUJIFILM Holdings Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 1.0% of the global laboratory equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India laboratory equipment 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 2,307.0 million by 2030.
General was the largest segment with a revenue share of 27.01% in 2023. Horizon Databook has segmented the Australia laboratory equipment market based on general, analytical, clinical, support, specialty covering the revenue growth of each sub-segment from 2018 to 2030.
According to a study published in the Revue Scientifique et Technique de l'OIE (International Office of Epizootics), Australia has one Bio Safety Level 4 (BSL-4) lab and more than 40 BSL-3 labs. The presence of these state-of-the-art labs is anticipated to facilitate market growth.
In addition, supportive research activities undertaken in the country are anticipated to favor market growth. For instance, the Commonwealth Scientific and Industrial Research Organization (CSIRO) is expected to undertake preclinical trials for the development of vaccines against COVID-19, which is anticipated to facilitate market growth by fueling the demand for lab equipment.
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Laboratory Equipment Market Scope
Laboratory Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia laboratory equipment market size, by product, 2018-2030 (US$M)
Australia Laboratory Equipment Market Outlook Share, 2023 & 2030 (US$M)
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