Australia Polymerase Chain Reaction Market Size & Outlook
Australia polymerase chain reaction market, 2018-2030 (US$M)
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Australia polymerase chain reaction market highlights
- The Australia polymerase chain reaction market generated a revenue of USD 893.7 million in 2023 and is expected to reach USD 538.6 million by 2030.
- The Australia market is expected to grow at a CAGR of -7% from 2024 to 2030.
- In terms of segment, conventional pcr was the largest revenue generating type in 2023.
- Conventional PCR is the most lucrative type segment registering the fastest growth during the forecast period.
Polymerase chain reaction market data book summary
| Market revenue in 2023 | USD 893.7 million |
| Market revenue in 2030 | USD 538.6 million |
| Growth rate | -7% (CAGR from 2023 to 2030) |
| Largest segment | Conventional pcr |
| Fastest growing segment | Conventional PCR |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional PCR |
| Key market players worldwide | Thermo Fisher Scientific Inc, Danaher Corp, Abbott Laboratories, Bio-Rad Laboratories Inc, Agilent Technologies Inc, Qiagen NV, Roche Holding AG ADR, Standard BioTools Inc, Stilla, Microsynth |
Other key industry trends
- In terms of revenue, Australia accounted for 2.9% of the global polymerase chain reaction market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polymerase chain reaction 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 815.5 million by 2030.
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Polymerase Chain Reaction Market Scope
Polymerase Chain Reaction Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia polymerase chain reaction 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 polymerase chain reaction market will help companies and investors design strategic landscapes.
Conventional pcr was the largest segment with a revenue share of 4.55% in 2023. Horizon Databook has segmented the Australia polymerase chain reaction market based on conventional pcr covering the revenue growth of each sub-segment from 2018 to 2030.
The Australia PCR market is driven by several factors, such as research initiatives being undertaken in collaboration with government organizations and the introduction of new products to diagnose infectious diseases. For instance, in February 2022, DnaNudge partnered with Pantonic Health and launched a PCR test for detecting COVID-19, which provides results in 90 minutes.
Furthermore, in October 2022, Sense Biodetection collaborated with Abacus dx to distribute COVID tests in New Zealand and Australia.Enhanced financial assistance by the government to PCR manufacturers to support the development and commercialization of new diagnostic tests contributes to the uptake of the PCR market in Australia.
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Our clientele includes a mix of polymerase chain reaction 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 polymerase chain reaction market , including forecasts for subscribers. This country databook contains high-level insights into Australia polymerase chain reaction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia polymerase chain reaction market size, by type, 2018-2030 (US$M)
Australia Polymerase Chain Reaction Market Outlook Share, 2023 & 2030 (US$M)
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