Australia Mesenchymal Stem Cells Market Size & Outlook
Australia mesenchymal stem cells market, 2018-2030 (US$M)
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Australia mesenchymal stem cells market highlights
- The Australia mesenchymal stem cells market generated a revenue of USD 53.3 million in 2023 and is expected to reach USD 126.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & services in 2023.
- Services is the most lucrative product & services segment registering the fastest growth during the forecast period.
Mesenchymal stem cells market data book summary
| Market revenue in 2023 | USD 53.3 million |
| Market revenue in 2030 | USD 126.5 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, STEMCELL Technologies, Merck KGaA, Lonza Group Ltd, PromoCell GmbH, Cyagen Biosciences, Stemedica Cell Technologies, Axol Bioscience, Celprogen, Cellcolabs, Visual Photonics Epitaxy |
Other key industry trends
- In terms of revenue, Australia accounted for 1.7% of the global mesenchymal stem cells market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mesenchymal stem cells 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 439.0 million by 2030.
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Mesenchymal Stem Cells Market Scope
Mesenchymal Stem Cells Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia mesenchymal stem cells 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 mesenchymal stem cells market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 76.36% in 2023. Horizon Databook has segmented the Australia mesenchymal stem cells market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Australia MSCs market is known for stringent research programs and the development of new technologies for improving manufacturing processes. For instance, in June 2022, scientists at the University of Technology Sydney developed a 3D printing technique for harvesting stem cells using bioreactors.
This is expected to decrease manufacturing costs and make products available on a commercial scale. This research was done in collaboration with Regeneus, which is active in designing stem cell therapies focused on treating pain and inflammation.
In addition, new research conducted by the University of Melbourne and the University of Tasmania, along with the Garvan Institute of Medical Research, mapped the genetic pathway of glaucoma. This might help scientists understand the mechanism of retinal damage and the potential to reverse it.
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Our clientele includes a mix of mesenchymal stem cells market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia mesenchymal stem cells market , including forecasts for subscribers. This country databook contains high-level insights into Australia mesenchymal stem cells market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia mesenchymal stem cells market size, by product & services, 2018-2030 (US$M)
Australia Mesenchymal Stem Cells Market Outlook Share, 2023 & 2030 (US$M)
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