The total number of scientific publications in biotechnology in Australia saw a fluctuating trend from 2013 to 2023, peaking in 2015 and reaching a notable low in 2019. From 2020 onwards, there has been a steady increase, with particularly strong growth observed in 2021. By 2023, publications stood at 183.11 units.
Key Year-on-Year Variations:
- 2022: +0.4%
- 2023: +0.32%
The Compound Annual Growth Rate (CAGR) for the last five years leading up to 2023 stood at 2.67%, reflecting a consistent upward trend during this period.
Looking forward, the forecast suggests a slowing growth rate, with an average annual increase (5-year CAGR) of just 0.12%, totaling a growth rate of 0.6% by 2028.
Future trends to watch for: The biotechnology publication landscape in Australia might experience modest growth, driven by advances in biotechnology research and development, as well as potential new governmental or institutional funding initiatives focusing on innovation and scientific inquiry in this field.
