Key Market Indicators
Australia's diagnostic reagent market is set to reach $570 million by 2026, growing at an average rate of 1.9% year on year. In 2021, Australia was the 18th largest market, behind Brazil at $441,960,000. Germany, China and the Netherlands all ranked higher, at 2nd, 3rd and 4th respectively. Australia's diagnostic reagent exports are also predicted to increase to $70.8 million by 2026, with an average growth rate of 1% year on year. South Africa surpassed Australia in 2021, with exports of $66.3 million, while Germany, the Netherlands and the UK ranked higher with exports of $166.3 million, $43.9 million and $41.6 million respectively.
