Australia Molecular Biology Enzymes, Reagents And Kits Market Size & Outlook
Australia molecular biology enzymes, reagents and kits market, 2018-2030 (US$M)
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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 2022 | USD 220.6 million |
| Market revenue in 2030 | USD 614.1 million |
| Growth rate | 13.7% (CAGR from 2022 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Enzymes |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Enzymes |
| Key market players worldwide | Thermo 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 Scope
Molecular Biology Enzymes, Reagents And Kits Market Companies
| Name | Profile | # Employees | HQ | Website |
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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. Such initiatives are expected to increase the demand for molecular biology products in the region by increasing application in research and clinical studies.
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Our clientele includes a mix of molecular biology enzymes, reagents and kits 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 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)
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