5 Biggest Health Care Companies in Australia, 2024

1. CSL Limited

Market Cap: $101.8 billion

CSL Limited, one of the biggest health care companies in Australia in 2024 and a leading biotechnology company in Australia, operates through three main segments: CSL Behring, CSL Seqirus, and CSL Vifor. CSL Behring focuses on plasma products and gene therapies, CSL Seqirus specializes in influenza vaccines, and CSL Vifor deals with iron deficiency products. CSL Behring develops therapies for various medical conditions, while CSL Seqirus plays a vital role in global influenza prevention. CSL Vifor contributes to improving the lives of patients with iron deficiency. In Q4 2023, CSL reported a net profit after tax of $2.61 billion, a 20% increase at constant currency, and a 31% revenue increase due to strong performance, especially in immunoglobulin sales. The acquisition of Vifor Pharma was successfully completed, and HEMGENIX, the first gene therapy for hemophilia B, was FDA-approved.

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