Australia In Vitro Diagnostics Market Size & Outlook, 2025-2028
Australia In Vitro Diagnostics Market Size
According to Straits Research analysis, the Australia In Vitro Diagnostics Market was valued at USD 2462.02 Million in 2024 and is projected to reach USD 3145.78 Million by 2028, expanding at a CAGR of 6.5% during the forecast period. This growth is propelled by increasing demand, primarily in sectors like pharmaceuticals, health care, and academic research. Key stimulants include technological advancements in diagnostic techniques, higher health awareness, and a rise in chronic disease cases. Emerging trends signalling growth opportunities include personalized therapy and digital pathology, revolutionizing diagnostic processes. Notably, an increasing export potential also indicates possibilities for expanded market reach. Moving forward, the Australian In Vitro Diagnostics market, with its robust technological infrastructure and research and development capabilities, is priming itself to uphold a significant global market position.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia In Vitro Diagnostics Market Highlights
- By 2024, Reagents and Kits represented the largest share of the Product and Services market size.
- Reagents and Kits is expected to remain the key growth driver within Product and Services, registering the fastest CAGR during the forecast period.
- Australia contributed 2.97% to the global in vitro diagnostics market size in 2024.
- By 2028, United States is forecasted to remain the largest global market for in vitro diagnostics market.
- In Asia Pacific, China is projected to capture the leading share of market by 2028.
- Among Asia Pacific markets, India is expected to post the fastest growth, reaching USD 58503 Million by 2028.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2028 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2028 |
| Market Size In 2024 | USD 2462.02 Million |
| Market Size In 2028 | USD 3145.78 Million |
| Largest segment | Reagents and Kits |
| Fastest segment | Reagents and Kits |
| Units | Revenue in USD Million |
| CAGR | 6.5% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Australia In Vitro Diagnostics Market Share By Product and Services
Segmentation Covered
| Segments | Sub Segments |
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| Product and Services |
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| Technology |
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| Application |
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| End User |
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Australia In Vitro Diagnostics Market By Product and Services 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia In Vitro Diagnostics Market By Technology 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia In Vitro Diagnostics Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia In Vitro Diagnostics Market By End User 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
