Australia Laboratory Supplies Market Size & Outlook
Australia laboratory supplies market, 2018-2030 (US$M)
Related Markets
Australia laboratory supplies market highlights
- The Australia laboratory supplies market generated a revenue of USD 394.3 million in 2023 and is expected to reach USD 581.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Disposables is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory supplies market data book summary
| Market revenue in 2023 | USD 394.3 million |
| Market revenue in 2030 | USD 581.6 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Disposables |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Bruker Corp, Danaher Corp, FUJIFILM Holdings Corp, PerkinElmer, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Waters Corp |
Other key industry trends
- In terms of revenue, Australia accounted for 1.0% of the global laboratory supplies market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China laboratory supplies market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,155.8 million by 2030.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia laboratory supplies 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 laboratory supplies market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 64.06% in 2023. Horizon Databook has segmented the Australia laboratory supplies market based on equipment, disposables 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 1 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. According to The Guardian, Australia has fallen behind the rest of the developed world in terms of research funding.
OECD data released by universities revealed that Australia’s gross expenditure on R&D fell from 1.88% in 2016 to 1.79% in 2018. The low research funding is likely to hinder the renewal of lab supplies contracts.
However, 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 development of vaccines against COVID-19, which is anticipated to facilitate market growth by fueling the demand for lab supplies.
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Our clientele includes a mix of laboratory supplies market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia laboratory supplies market , including forecasts for subscribers. This country databook contains high-level insights into Australia laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia laboratory supplies market size, by product, 2018-2030 (US$M)
Australia Laboratory Supplies Market Outlook Share, 2023 & 2030 (US$M)
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