Australia Precision Diagnostics Market Size & Outlook
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Australia precision diagnostics market highlights
- The Australia precision diagnostics market generated a revenue of USD 327.7 million in 2023 and is expected to reach USD 1,211.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 20.7% from 2024 to 2030.
- In terms of segment, genetic tests was the largest revenue generating test type in 2023.
- Direct to Consumer Tests is the most lucrative test type segment registering the fastest growth during the forecast period.
Precision diagnostics market data book summary
| Market revenue in 2023 | USD 327.7 million |
| Market revenue in 2030 | USD 1,211.3 million |
| Growth rate | 20.7% (CAGR from 2024 to 2030) |
| Largest segment | Genetic tests |
| Fastest growing segment | Direct to Consumer Tests |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Tests, Direct to Consumer Tests, Esoteric Tests |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG, Siemens Healthineers AG ADR, Thermo Fisher Scientific Inc, BioMerieux SA, Becton Dickinson & Co, Danaher Corp, Qiagen NV, Hologic Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 2.1% of the global precision 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 precision diagnostics 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 1,274.9 million by 2030.
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Precision Diagnostics Market Scope
Precision Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hologic Inc | View profile | 6990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | http://www.hologic.com |
| Qiagen NV | View profile | 5900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | https://www.qiagen.com |
| Agilent Technologies Inc | View profile | 17700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | https://www.agilent.com |
| Danaher Corp | View profile | 63000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | https://www.danaher.com |
| Roche Holding AG | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| BioMerieux SA | View profile | 13982 | Marcy l’Etoile, Lyon, France, 69280 | http://www.biomerieux.com |
| Becton Dickinson & Co | View profile | 73000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | https://www.bd.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Australia precision 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 precision diagnostics market will help companies and investors design strategic landscapes.
Genetic tests was the largest segment with a revenue share of 65.52% in 2023. Horizon Databook has segmented the Australia precision diagnostics market based on genetic tests, direct to consumer tests, esoteric tests covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of precision diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia precision diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Australia precision diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia precision diagnostics market size, by test type, 2018-2030 (US$M)
Australia Precision Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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