Australia Vaccine Contract Manufacturing Market Size & Outlook
Australia vaccine contract manufacturing market, 2018-2030 (US$M)
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Australia vaccine contract manufacturing market highlights
- The Australia vaccine contract manufacturing market generated a revenue of USD 101.0 million in 2023 and is expected to reach USD 160.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, attenuated vaccine was the largest revenue generating vaccine type in 2023.
- DNA Vaccines is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
Vaccine contract manufacturing market data book summary
| Market revenue in 2023 | USD 101.0 million |
| Market revenue in 2030 | USD 160.7 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Attenuated vaccine |
| Fastest growing segment | DNA Vaccines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Attenuated Vaccine, Inactivated Vaccine, Subunit Vaccines, Toxoid Vaccines, DNA Vaccines |
| Key market players worldwide | Lonza Group Ltd, FUJIFILM Holdings Corp, Merck KGaA, Catalent Inc, Icon PLC, Syngene, Curia, Ajinomoto Co Inc, IDT Biologika |
Other key industry trends
- In terms of revenue, Australia accounted for 2.4% of the global vaccine contract manufacturing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India vaccine contract manufacturing 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 598.6 million by 2030.
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Vaccine Contract Manufacturing Market Scope
Vaccine Contract Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia vaccine contract manufacturing 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 vaccine contract manufacturing market will help companies and investors design strategic landscapes.
Attenuated vaccine was the largest segment with a revenue share of 30.4% in 2023. Horizon Databook has segmented the Australia vaccine contract manufacturing market based on attenuated vaccine, inactivated vaccine, subunit vaccines, toxoid vaccines, dna vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
Australia has one of the best healthcare systems in the world. The increasing awareness about the need for early detection of lifestyle and chronic diseases is expected to boost the market in the country. Similar to governments of developed economies, the Australian government undertakes schemes to provide medicines at subsidized rates.
For instance, as per the Pharmaceutical Benefits Scheme (PBS), medicines are available for all eligible patients at a subsidized cost. These factors are expected to improve & promote the demand for pharmaceutical manufacturing, thus boosting the demand for vaccine contract manufacturing services in the country.
Adopting advanced manufacturing technologies and processes can enhance efficiency, reduce costs, & improve the overall quality of oral solid dosage manufacturing. This is expected to support the demand for vaccine manufacturing in Australia and create opportunities for CMOs.
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Target buyers of Australia vaccine contract manufacturing market databook
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Our clientele includes a mix of vaccine contract manufacturing 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 vaccine contract manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into Australia vaccine contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia vaccine contract manufacturing market size, by vaccine type, 2018-2030 (US$M)
Australia Vaccine Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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