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The Australian laboratory equipment and services market is valued at approximately $2.5 billion and is expected to grow at a CAGR of 5.5% over the next five years. This growth is being driven by a number of factors, including an aging population, increasing demand for minimally invasive surgery, and a growing focus on personalized medicine.
The Australian government is a major purchaser of laboratory equipment and services, spending approximately $500 million annually. The majority of this spending is on equipment and services for public hospitals and research institutions.
The main laboratory equipment and services products and services procured by the Australian government include:
Analytical equipment
Medical devices
Laboratory consumables
Calibration and validation services
Repair and maintenance services
The top authorities for Australia laboratory equipment and services procurement are:
Department of Health
Department of Defence
CSIRO
Australian Research Council
Medical Diagnostics: Thermo Fisher Scientific, Roche Diagnostics, Abbott Diagnostics, Siemens Healthineers.
Life Sciences Research: Thermo Fisher Scientific, Agilent Technologies, Illumina, Becton, Dickinson and Company (BD).
Environmental Testing: ALS, SGS, Eurofins Scientific, Bureau Veritas
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