Australia Research-grade Proteins Market Size & Outlook
Australia research-grade proteins market, 2018-2030 (US$M)
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Australia research-grade proteins market highlights
- The Australia research-grade proteins market generated a revenue of USD 18.4 million in 2023 and is expected to reach USD 56.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 17.2% from 2024 to 2030.
- In terms of segment, cytokines & growth factors was the largest revenue generating product in 2023.
- Cytokines & Growth Factors is the most lucrative product segment registering the fastest growth during the forecast period.
Research-grade proteins market data book summary
| Market revenue in 2023 | USD 18.4 million |
| Market revenue in 2030 | USD 56.1 million |
| Growth rate | 17.2% (CAGR from 2023 to 2030) |
| Largest segment | Cytokines & growth factors |
| Fastest growing segment | Cytokines & Growth Factors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cytokines & Growth Factors, Antibodies, Immune checkpoint proteins, Virus Antigens, Enzymes, Recombinant Regulatory Protein, Hormones |
| Key market players worldwide | Thermo Fisher Scientific Inc, Danaher Corp, Bio-Techne Corp, Sino Biological, Miltenyi Biotec, Proteintech Group, Prospec, New England Biolabs |
Other key industry trends
- In terms of revenue, Australia accounted for 1.9% of the global research-grade proteins market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China research-grade proteins market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 169.6 million by 2030.
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Research-grade Proteins Market Scope
Research-grade Proteins Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia research-grade proteins 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 research-grade proteins market will help companies and investors design strategic landscapes.
Cytokines & growth factors was the largest segment with a revenue share of 22.28% in 2023. Horizon Databook has segmented the Australia research-grade proteins market based on cytokines & growth factors, antibodies, immune checkpoint proteins, virus antigens, enzymes, recombinant regulatory protein, hormones covering the revenue growth of each sub-segment from 2018 to 2030.
Research-grade proteins are used in various applications in the field of research proteomics in Australia. Researchers are actively investigating the potential of proteomic data. This trend is further expected to boost product demand in the country.
In March 2023, a joint research venture of scientists from the Australian National University's (ANU) Clear Vision research lab and biotech firm VivaZome Therapeutics secured a government grant of USD 3 million.
The novel research by several Australian companies has amplified the revenue generated by the country in the global market. For instance, in June 2023, the FDA approved the clinical trial for Mabwell's IL-11 antibody therapy for IPF. The ongoing Phase 1 trial assesses the safety of 9MW3811 in healthy adults in Australia.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia research-grade proteins market , including forecasts for subscribers. This country databook contains high-level insights into Australia research-grade proteins market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia research-grade proteins market size, by product, 2018-2030 (US$M)
Australia Research-grade Proteins Market Outlook Share, 2023 & 2030 (US$M)
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