Australia Molecular Biology Enzymes, Reagents And Kits Market Size & Outlook

The molecular biology enzymes, reagents and kits market in Australia is expected to reach a projected revenue of US$ 614.1 million by 2030. A compound annual growth rate of 13.7% is expected of Australia molecular biology enzymes, reagents and kits market from 2023 to 2030.
Revenue, 2022 (US$M)
$220.6
Forecast, 2030 (US$M)
$614.1
CAGR, 2023 - 2030
13.7%
Report Coverage
Australia

Australia molecular biology enzymes, reagents and kits market, 2018-2030 (US$M)

Australia

Australia molecular biology enzymes, reagents and kits market highlights

  • The Australia molecular biology enzymes, reagents and kits market generated a revenue of USD 220.6 million in 2022 and is expected to reach USD 614.1 million by 2030.
  • The Australia market is expected to grow at a CAGR of 13.7% from 2023 to 2030.
  • In terms of segment, kits & reagents was the largest revenue generating product in 2022.
  • Enzymes is the most lucrative product segment registering the fastest growth during the forecast period.


Molecular biology enzymes, reagents and kits market data book summary

Market revenue in 2022USD 220.6 million
Market revenue in 2030USD 614.1 million
Growth rate13.7% (CAGR from 2022 to 2030)
Largest segmentKits & reagents
Fastest growing segmentEnzymes
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationKits & Reagents, Enzymes
Key market players worldwideThermo Fisher Scientific Inc, Illumina Inc, Agilent Technologies Inc, Qiagen NV, New England Biolabs, Merck KGaA, Roche Holding AG ADR, Bio-Rad Laboratories Inc, Takara Bio Inc, LGC Group, Bausch Health Companies Inc, Promega


Other key industry trends

  • In terms of revenue, Australia accounted for 1.1% of the global molecular biology enzymes, reagents and kits market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China molecular biology enzymes, reagents and kits market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 998.7 million by 2030.

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Molecular Biology Enzymes, Reagents And Kits Market Companies

Name Profile # Employees HQ Website

Australia molecular biology enzymes, reagents and kits 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 molecular biology enzymes, reagents and kits market will help companies and investors design strategic landscapes.


Kits & reagents was the largest segment with a revenue share of 67.36% in 2022. Horizon Databook has segmented the Australia molecular biology enzymes, reagents and kits market based on kits & reagents, enzymes covering the revenue growth of each sub-segment from 2018 to 2030.


Australian Society for Biochemistry and Molecular Biology (ASBMB) is focused on increasing interactions between molecular biologists and biochemists around Australia. ASBMS promotes research, development, and education in molecular biology and biochemistry. 

In addition, EMBL Australia is a project supported by National Research Infrastructure for Australia (NCRIS) program. This project offers research opportunities in life sciences arena by providing partner laboratory network, nationwide student training programs, and support from EMBL Australia Bioinformatics Resource (EMBL-ABR). 

Presence of such organizations and government initiatives is expected to increase the use of molecular biology enzymes, kits, and reagents in the country, further driving the market growth. Moreover, Australian Genomics is a research partnership between more than 80 organizations for the assessment of the application of genomic testing in healthcare. 

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Horizon Databook provides a detailed overview of country-level data and insights on the Australia molecular biology enzymes, reagents and kits market , including forecasts for subscribers. This country databook contains high-level insights into Australia molecular biology enzymes, reagents and kits market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Australia molecular biology enzymes, reagents and kits market size, by product, 2018-2030 (US$M)

Australia Molecular Biology Enzymes, Reagents And Kits Market Outlook Share, 2022 & 2030 (US$M)

Australia molecular biology enzymes, reagents and kits market size, by product, 2018-2030 (US$M)

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