Australia Molecular Diagnostics Market Size & Outlook
Australia molecular diagnostics market, 2018-2030 (US$M)
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Australia molecular diagnostics market highlights
- The Australia molecular diagnostics market generated a revenue of USD 585.7 million in 2023 and is expected to reach USD 396.5 million by 2030.
- The Australia market is expected to grow at a CAGR of -5.4% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Home Care is the most lucrative end use segment registering the fastest growth during the forecast period.
Molecular diagnostics market data book summary
| Market revenue in 2023 | USD 585.7 million |
| Market revenue in 2030 | USD 396.5 million |
| Growth rate | -5.4% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Home Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Home Care |
| Key market players worldwide | Becton Dickinson & Co, BioMerieux SA, Bio-Rad Laboratories Inc, Abbott Laboratories, Agilent Technologies Inc, Danaher Corp, Hologic Inc, Illumina Inc, Grifols SA Ordinary Shares - Class A, Qiagen NV, Roche Holding AG, Siemens Healthineers AG ADR, Sysmex Corp |
Other key industry trends
- In terms of revenue, Australia accounted for 1.2% of the global molecular diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China molecular diagnostics 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 1,256.8 million by 2030.
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Molecular Diagnostics Market Scope
Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia molecular diagnostics 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 diagnostics market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 47.5% in 2023. Horizon Databook has segmented the Australia molecular diagnostics market based on hospitals, outpatient facilities, home care covering the revenue growth of each sub-segment from 2018 to 2030.
Austria is expected to show significant growth in the molecular diagnostics market. In 2018, the Eurogin conference was held at Salzburg to discuss cervical cancer prevention, promote developmental research, and discuss screening & prevention of genital infections, precancers, & cancers in women.
Such conferences lead to an increase in awareness among clinicians, scientists, and patients about cervical cancer. The increasing awareness about screening is expected to accelerate the molecular diagnostics market in the country. The Austrian government is allotting funds for the development of molecular diagnostics.
For instance, in April 2020, the government funded Lexogen to develop an RNA sequencing-based COVID-19 diagnostic test suited for mass screening. Research Institutions, such as the Austrian Institute of Technology, provide technological solutions for product development.
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Our clientele includes a mix of molecular diagnostics 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 diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Australia molecular diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia molecular diagnostics market size, by end use, 2018-2030 (US$M)
Australia Molecular Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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