Australia Bioprosthetics Market Size & Outlook, 2025-2030
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Australia bioprosthetics market highlights
- The Australia bioprosthetics market generated a revenue of USD 119.7 million in 2024 and is expected to reach USD 161.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.2% from 2025 to 2030.
- In terms of segment, xenograft was the largest revenue generating product in 2024.
- Allograft is the most lucrative product segment registering the fastest growth during the forecast period.
Bioprosthetics market data book summary
| Market revenue in 2024 | USD 119.7 million |
| Market revenue in 2030 | USD 161.7 million |
| Growth rate | 5.2% (CAGR from 2025 to 2030) |
| Largest segment | Xenograft |
| Fastest growing segment | Allograft |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Xenograft, Allograft |
Other key industry trends
- In terms of revenue, Australia accounted for 2.0% of the global bioprosthetics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bioprosthetics 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 345.8 million by 2030.
Xenograft was the largest segment with a revenue share of 72.51% in 2024. Horizon Databook has segmented the Australia bioprosthetics market based on xenograft, allograft covering the revenue growth of each sub-segment from 2018 to 2030.
Australia bioprosthetics market is anticipated to register considerable growth during the forecast period, owing to increasing cases of strokes and coronary heart disease in the country. For instance, according to the Australian Bureau of Statistics (ABS) 2022 National Health Survey (ABS 2023c), 1.3 million Australians aged 18 and above live with one or more conditions related to stroke, heart, and vascular disease.
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Bioprosthetics Market Scope
Bioprosthetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rua Life Sciences | View profile | 11-50 | Irvine, North Ayrshire, United Kingdom, Europe | https://rualifesciences.com |
| Humacyte, Inc. | View profile | - | - | - |
| Edwards Lifesciences Corporation | View profile | - | - | - |
| Abbott | View profile | - | - | - |
| JenaValve Technology | View profile | 101-250 | Irvine, California, United States, North America | https://www.jenavalve.com |
| Biomedical Braille | View profile | 101-250 | São José do Rio Prêto, Sao Paulo, Brazil, South America | https://www.braile.com.br/ |
| Organogenesis | View profile | 501-1000 | Canton, Massachusetts, United States, North America | http://www.organogenesis.com/ |
| Artivion Inc | View profile | 1500 | 1655 Roberts Boulevard North West, Kennesaw, GA, United States, 30144 | https://www.artivion.com |
| LeMaitre Vascular Inc | View profile | 630 | 63 Second Avenue, Burlington, MA, United States, 01803 | https://www.lemaitre.com |
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
Australia bioprosthetics market size, by application, 2018-2030 (US$M)
Australia Bioprosthetics Market Outlook Share, 2024 & 2030 (US$M)
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