Australia Large Molecule Drug Substance Cdmo Market Size & Outlook
Australia large molecule drug substance cdmo market, 2018-2030 (US$M)
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Australia large molecule drug substance cdmo market highlights
- The Australia large molecule drug substance cdmo market generated a revenue of USD 267.7 million in 2023 and is expected to reach USD 491.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, contract manufacturing was the largest revenue generating service in 2023.
- Contract Development is the most lucrative service segment registering the fastest growth during the forecast period.
Large molecule drug substance cdmo market data book summary
| Market revenue in 2023 | USD 267.7 million |
| Market revenue in 2030 | USD 491.5 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Contract manufacturing |
| Fastest growing segment | Contract Development |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Contract Manufacturing, Contract Development |
| Key market players worldwide | Eurofins Scientific SE, WuXi Biologics (Cayman) Inc, Catalent Inc, AGC Inc, Siegfried Holding AG, Boehringer Ingelheim, FUJIFILM Holdings Corp, Samsung BioLogics, Rentschler Biopharma SE, Recipharm |
Other key industry trends
- In terms of revenue, Australia accounted for 2.3% of the global large molecule drug substance cdmo market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China large molecule drug substance cdmo 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 2,980.5 million by 2030.
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Large Molecule Drug Substance CDMO Market Scope
Large Molecule Drug Substance CDMO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia large molecule drug substance cdmo 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 large molecule drug substance cdmo market will help companies and investors design strategic landscapes.
Contract manufacturing was the largest segment with a revenue share of 67.02% in 2023. Horizon Databook has segmented the Australia large molecule drug substance cdmo market based on contract manufacturing, contract development covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is considered one of the most mature markets in Asia Pacific for conducting clinical trials. Factors like adoption of advanced technology, well-established infrastructure, simple regulations, highly skilled healthcare professionals, and leading research institutes are making Australia an attractive destination for many large molecule drug substance CDMOs.
In Australia, there are nearly 400 domestic biotech, 500 MedTech, and 50 multinational companies operating as subsidiaries, including Pfizer, GSK, Bristol-Myers Squibb, Merck, and Novartis.
Furthermore, aligning with GMPs across various jurisdictions by the Australian Therapeutic Goods Administration (TGA), the U.S. FDA, and the EMA is anticipated to facilitate the market entry of U.S. and European firms in the country.
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Our clientele includes a mix of large molecule drug substance cdmo 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 large molecule drug substance cdmo market , including forecasts for subscribers. This country databook contains high-level insights into Australia large molecule drug substance cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia large molecule drug substance cdmo market size, by service, 2018-2030 (US$M)
Australia Large Molecule Drug Substance CDMO Market Outlook Share, 2023 & 2030 (US$M)
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