Australia Synthetic Biology Market Size & Outlook
Australia synthetic biology market, 2018-2030 (US$M)
Related Markets
Australia synthetic biology market highlights
- The Australia synthetic biology market generated a revenue of USD 488.0 million in 2023 and is expected to reach USD 2,297.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 24.8% from 2024 to 2030.
- In terms of segment, pcr technology was the largest revenue generating technology in 2023.
- NGS Technology is the most lucrative technology segment registering the fastest growth during the forecast period.
Synthetic biology market data book summary
| Market revenue in 2023 | USD 488.0 million |
| Market revenue in 2030 | USD 2,297.7 million |
| Growth rate | 24.8% (CAGR from 2023 to 2030) |
| Largest segment | Pcr technology |
| Fastest growing segment | NGS Technology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | NGS Technology, PCR Technology, Genome Editing Technology, Bioprocessing Technology, Other Technologies |
| Key market players worldwide | Basf SE, Codexis Inc, Illumina Inc, Merck KGaA, New England Biolabs, Eurofins Scientific SE, Novozymes, DNAstar, Synthego, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 3.5% of the global synthetic biology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China synthetic biology 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 2,418.2 million by 2030.
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Synthetic Biology Market Scope
Synthetic Biology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia synthetic biology 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 synthetic biology market will help companies and investors design strategic landscapes.
Pcr technology was the largest segment with a revenue share of 27.42% in 2023. Horizon Databook has segmented the Australia synthetic biology market based on ngs technology, pcr technology, genome editing technology, bioprocessing technology, other technologies covering the revenue growth of each sub-segment from 2018 to 2030.
Strong support from government and nongovernment organizations is expected to drive the demand for synthetic biology in Australia. For instance, Synthetic Biology Australasia (SBA) is a nonprofit community to support growing research in synthetic biology in New Zealand, Australia, and the broader Australasian region.
It promotes collaborations within academia and between academia &industry. Moreover, it engaged in education, public outreach, and training in synthetic biology. Moreover, CSIR Synthetic Biology Future Science Platform (FSP) plays a role in the growth of synthetic biology in Australia.
Synthetic biology is expected to transform existing industries and create novel business for Australia in industrial biotechnology, health, and agriculture. Moreover, increasing funding for synthetic biology in Australia is expected to drive market growth in the country.
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Our clientele includes a mix of synthetic biology 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 synthetic biology market , including forecasts for subscribers. This country databook contains high-level insights into Australia synthetic biology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia synthetic biology market size, by technology, 2018-2030 (US$M)
Australia Synthetic Biology Market Outlook Share, 2023 & 2030 (US$M)
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