by Product (Consumables, Equipment (Single-Use Equipment, Other Equipment), Systems & Software), Process (Cell Processing), Cell Type (T-cells, Stem Cells), End User (Research Institutes)
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TABLE OF CONTENTS
1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
1.2.1 INCLUSIONS AND EXCLUSIONS 23
1.3 MARKET SCOPE 24
1.3.1 MARKETS COVERED 24
1.3.2 YEARS CONSIDERED FOR THE STUDY 24
1.4 CURRENCY 25
1.5 LIMITATIONS 25
1.6 STAKEHOLDERS 25
1.7 SUMMARY OF CHANGES 25
1.8 LIMITATIONS OF THE CURRENT EDITION 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 1 RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 KEY DATA FROM SECONDARY SOURCES 28
2.1.2 PRIMARY DATA 29
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE,
DESIGNATION, AND REGION 29
2.1.2.1 KEY DATA FROM PRIMARY SOURCES 30
2.2 MARKET SIZE ESTIMATION 30
FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 31
2.2.1 BOTTOM-UP APPROACH 32
FIGURE 4 CELL THERAPY TECHNOLOGIES MARKET: BOTTOM-UP APPROACH 32
2.2.2 GROWTH FORECAST 32
2.2.3 TOP-DOWN APPROACH 32
FIGURE 5 CELL THERAPY TECHNOLOGIES MARKET: TOP-DOWN APPROACH 32
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 33
FIGURE 6 DATA TRIANGULATION METHODOLOGY 33
2.4 ASSUMPTIONS FOR THE STUDY 34
3 EXECUTIVE SUMMARY 35
FIGURE 7 CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2020 VS. 2025 (USD MILLION) 35
FIGURE 8 CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2020 VS. 2025 (USD MILLION) 36
FIGURE 9 CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2020 VS. 2025 (USD MILLION) 36
FIGURE 10 CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2020 VS. 2025 (USD MILLION) 37
FIGURE 11 CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2020 VS. 2025 (USD MILLION) 37
4 PREMIUM INSIGHTS 39
4.1 CELL THERAPY TECHNOLOGIES: MARKET OVERVIEW 39
FIGURE 12 LARGE NUMBER OF ONCOLOGY-RELATED CELL THERAPY CLINICAL TRIALS TO DRIVE MARKET GROWTH DURING THE FORECAST PERIOD 39
4.2 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT 40
FIGURE 13 CONSUMABLES TO DOMINATE THE ASIA PACIFIC CELL THERAPY TECHNOLOGIES MARKET IN 2019 40
4.3 GEOGRAPHICAL SNAPSHOT OF THE CELL THERAPY TECHNOLOGIES MARKET 41
FIGURE 14 CHINA TO REGISTER THE HIGHEST GROWTH RATE DURING
THE FORECAST PERIOD 41
5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
5.2 MARKET DYNAMICS 42
FIGURE 15 CELL THERAPY TECHNOLOGIES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 42
5.2.1 DRIVERS 43
5.2.1.1 RISING GOVERNMENT INVESTMENTS IN CELL-BASED RESEARCH 43
TABLE 1 NIH FUNDING FOR CELL-BASED RESEARCH, 2016–2019 (USD MILLION) 43
5.2.1.2 RISING INCIDENCE OF CHRONIC AND INFECTIOUS DISEASES 44
FIGURE 16 GLOBAL CANCER INCIDENCE, BY REGION, 2018 VS. 2030 44
5.2.1.3 LARGE NUMBER OF ONCOLOGY-RELATED CELL THERAPY CLINICAL TRIALS 45
FIGURE 17 CANCER CELL THERAPY PIPELINE (MARCH 2019–MARCH 2020) 45
5.2.1.4 INCREASING GMP CERTIFICATIONS FOR CELL THERAPY PRODUCTION FACILITIES 46
TABLE 2 RISING MANUFACTURING CERTIFICATIONS AND APPROVALS FOR
GMP TO BOOST THE MARKET 46
5.2.2 RESTRAINTS 46
5.2.2.1 HIGH COST OF CELL-BASED RESEARCH AND LOW SUCCESS RATE 46
TABLE 3 COST OF CELL THERAPY EQUIPMENT 47
TABLE 4 BREAKDOWN OF ACTIVE CELL THERAPY CLINICAL TRIALS,
BY CELL GROUP AND TRIAL PHASE 47
5.2.2.2 DEARTH OF SKILLED PROFESSIONALS 47
5.2.3 OPPORTUNITIES 47
5.2.3.1 EMERGENCE OF IPSCS AS AN ALTERNATIVE TO ESCS 47
5.2.3.2 INCREASED FOCUS ON PERSONALIZED MEDICINE 48
5.2.3.3 INCREASING PUBLIC-PRIVATE PARTNERSHIPS FOR THE DEVELOPMENT
OF CELL THERAPIES 48
5.2.3.4 EMERGING ASIAN MARKETS 49
5.2.4 CHALLENGES 49
5.2.4.1 SURVIVAL OF SMALL PLAYERS AND NEW ENTRANTS 49
5.3 VALUE CHAIN ANALYSIS 50
FIGURE 18 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING AND ASSEMBLY PHASE 50
5.4 SUPPLY CHAIN ANALYSIS 51
FIGURE 19 DIRECT DISTRIBUTION—THE PREFERRED STRATEGY OF
PROMINENT COMPANIES 51
5.5 ECOSYSTEM ANALYSIS 52
FIGURE 20 ECOSYSTEM ANALYSIS OF THE BIOTECHNOLOGY INDUSTRY 52
5.6 COVID-19 IMPACT ANALYSIS 52
5.7 REGULATORY LANDSCAPE 53
5.7.1 NORTH AMERICA 53
TABLE 5 NORTH AMERICA: REGULATORY LANDSCAPE FOR STEM CELL THERAPIES 53
5.7.2 EUROPE 54
TABLE 6 EUROPE: REGULATORY LANDSCAPE FOR STEM CELL THERAPIES 54
5.7.3 ASIA PACIFIC 55
TABLE 7 ASIA PACIFIC: REGULATORY LANDSCAPE FOR STEM CELL THERAPIES 55
5.7.4 ROW 56
TABLE 8 ROW: REGULATORY LANDSCAPE FOR STEM CELL THERAPIES 56
5.8 AVERAGE SELLING PRICE TRENDS 57
TABLE 9 AVERAGE SELLING PRICE OF CELL PROCESSING SYSTEMS,
2019 VS 2023 VS 2025 57
6 CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT 58
6.1 INTRODUCTION 59
TABLE 10 CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 59
6.2 CONSUMABLES 59
6.2.1 HIGH REQUIREMENT OF CONSUMABLES IN PROCESSES
SUPPORTS MARKET GROWTH 59
TABLE 11 CELL THERAPY CONSUMABLES MARKET, BY REGION,
2018–2025 (USD MILLION) 60
6.3 EQUIPMENT 60
TABLE 12 CELL THERAPY EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 60
TABLE 13 CELL THERAPY EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION) 60
6.3.1 CELL PROCESSING EQUIPMENT 61
6.3.1.1 CELL PROCESSING EQUIPMENT DOMINATES THE OVERALL EQUIPMENT MARKET 61
TABLE 14 CELL PROCESSING EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 61
6.3.2 SINGLE-USE EQUIPMENT 61
6.3.2.1 BENEFITS OF SINGLE-USE EQUIPMENT HAVE ENSURED END-USER DEMAND 61
TABLE 15 SINGLE-USE EQUIPMENT MARKET, BY REGION, 2018–2025 (USD MILLION) 62
6.3.3 OTHER CELL THERAPY EQUIPMENT 62
TABLE 16 OTHER CELL THERAPY EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 62
6.4 SYSTEMS & SOFTWARE 63
6.4.1 SYSTEMS & SOFTWARE ARE USED TO MONITOR THE DIFFERENT STAGES OF CELL PROCESSING 63
TABLE 17 CELL THERAPY SYSTEMS & SOFTWARE MARKET, BY REGION,
2018–2025 (USD MILLION) 63
7 CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS 64
7.1 INTRODUCTION 65
TABLE 18 CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 65
7.2 CELL PROCESSING 65
7.2.1 CELL PROCESSING MAKES THE MOST USE OF CELL THERAPY INSTRUMENTS 65
TABLE 19 CELL THERAPY TECHNOLOGIES MARKET FOR CELL PROCESSING, BY REGION, 2018–2025 (USD MILLION) 65
7.3 CELL PRESERVATION, DISTRIBUTION, AND HANDLING 66
7.3.1 INCREASING DEMAND FOR CELL-BASED MEDICAL PRODUCTS AND THERAPIES TO DRIVE THE GROWTH OF THE SEGMENT 66
TABLE 20 CELL THERAPY TECHNOLOGIES MARKET FOR CELL PRESERVATION, DISTRIBUTION, AND HANDLING, BY REGION, 2018–2025 (USD MILLION) 66
7.4 PROCESS MONITORING AND QUALITY CONTROL 66
7.4.1 PROCESS MONITORING IS ESSENTIAL TO ENSURE THE QUALITY AND ACCURACY OF CELL PROCESSING 66
TABLE 21 CELL THERAPY TECHNOLOGIES MARKET FOR PROCESS MONITORING AND QUALITY CONTROL, BY REGION, 2018–2025 (USD MILLION) 67
8 CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE 68
8.1 INTRODUCTION 69
TABLE 22 CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 69
8.2 T-CELLS 69
8.2.1 RESEARCH CONDUCTED IN THE FIELD OF CAR-T THERAPY WILL ACCELERATE THE GROWTH OF THE SEGMENT 69
TABLE 23 T-CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2018–2025 (USD MILLION) 70
8.3 STEM CELLS 70
8.3.1 INCREASING FUNDING IN STEM CELL RESEARCH TO DRIVE MARKET GROWTH 70
TABLE 24 STEM CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2018–2025 (USD MILLION) 71
8.4 OTHER CELLS 71
TABLE 25 OTHER CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2018–2025 (USD MILLION) 71
9 CELL THERAPY TECHNOLOGIES MARKET, BY END USER 72
9.1 INTRODUCTION 73
TABLE 26 CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 73
9.2 BIOPHARMACEUTICAL & BIOTECHNOLOGY COMPANIES AND CROS 73
9.2.1 RISING NUMBER OF CELL THERAPY MANUFACTURING FACILITIES
TO DRIVE THE MARKET 73
TABLE 27 CELL THERAPY TECHNOLOGIES MARKET FOR BIOPHARMACEUTICAL & BIOTECHNOLOGY COMPANIES AND CROS, BY REGION,
2018–2025 (USD MILLION) 74
9.3 RESEARCH INSTITUTES AND CELL BANKS 74
9.3.1 MARKET GROWTH IS SUPPORTED BY RISING RESEARCH ACTIVITY 74
TABLE 28 CELL THERAPY TECHNOLOGIES MARKET FOR RESEARCH INSTITUTES AND CELL BANKS, BY REGION, 2018–2025 (USD MILLION) 75
10 CELL THERAPY TECHNOLOGIES MARKET, BY REGION 76
10.1 INTRODUCTION 77
TABLE 29 CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2018–2025 (USD MILLION) 77
10.2 NORTH AMERICA 77
FIGURE 21 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET SNAPSHOT 78
TABLE 30 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 78
TABLE 31 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT, 2018–2025 (USD MILLION) 79
TABLE 32 NORTH AMERICA: CELL THERAPY EQUIPMENT MARKET, BY TYPE,
2018–2025 (USD MILLION) 79
TABLE 33 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS, 2018–2025 (USD MILLION) 79
TABLE 34 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE, 2018–2025 (USD MILLION) 80
TABLE 35 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY END USER, 2018–2025 (USD MILLION) 80
10.2.1 US 80
10.2.1.1 INCREASING R&D ACTIVITIES TO SUPPORT MARKET GROWTH IN THE US 80
TABLE 36 US: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 81
TABLE 37 US: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 81
TABLE 38 US: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 81
TABLE 39 US: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 81
10.2.2 CANADA 82
10.2.2.1 INCREASING GOVERNMENT FUNDING TO DRIVE THE ADOPTION OF CELL THERAPY INSTRUMENTS IN CANADA 82
TABLE 40 CANADA: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 82
TABLE 41 CANADA: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 83
TABLE 42 CANADA: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 83
TABLE 43 CANADA: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 83
10.3 EUROPE 84
TABLE 44 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 84
TABLE 45 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 84
TABLE 46 EUROPE: CELL THERAPY EQUIPMENT MARKET, BY TYPE,
2018–2025 (USD MILLION) 85
TABLE 47 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 85
TABLE 48 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 85
TABLE 49 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 86
10.3.1 GERMANY 86
10.3.1.1 GERMANY HOLDS THE LARGEST SHARE OF THE EUROPEAN MARKET 86
TABLE 50 GERMANY: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 86
TABLE 51 GERMANY: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 87
TABLE 52 GERMANY: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 87
TABLE 53 GERMANY: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 87
10.3.2 UK 88
10.3.2.1 FAVORABLE FUNDING AND INVESTMENT SCENARIO IN THE UK INDICATES STRONG GROWTH IN THE COMING YEARS 88
TABLE 54 UK: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 88
TABLE 55 UK: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 88
TABLE 56 UK: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 89
TABLE 57 UK: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 89
10.3.3 FRANCE 89
10.3.3.1 AVAILABILITY OF GOVERNMENT AND PRIVATE SUPPORT IS A KEY
DRIVER OF MARKET GROWTH 89
TABLE 58 FRANCE: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 90
TABLE 59 FRANCE: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 90
TABLE 60 FRANCE: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 90
TABLE 61 FRANCE: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 91
10.3.4 ITALY 91
10.3.4.1 INITIATIVES FAVORING CELL AND GENE THERAPY DEVELOPMENT WILL SUPPORT THE MARKET IN ITALY 91
TABLE 62 ITALY: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 91
TABLE 63 ITALY: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 92
TABLE 64 ITALY: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 92
TABLE 65 ITALY: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 92
10.3.5 SPAIN 93
10.3.5.1 INCREASING FUNDING FROM PRIVATE AND PUBLIC ORGANIZATIONS TO
AID MARKET GROWTH 93
TABLE 66 SPAIN: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 93
TABLE 67 SPAIN: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 93
TABLE 68 SPAIN: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 94
TABLE 69 SPAIN: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 94
10.3.6 REST OF EUROPE 94
TABLE 70 ROE: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 95
TABLE 71 ROE: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 95
TABLE 72 ROE: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 95
TABLE 73 ROE: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 95
10.4 ASIA PACIFIC 96
FIGURE 22 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET SNAPSHOT 96
TABLE 74 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 97
TABLE 75 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 97
TABLE 76 ASIA PACIFIC: CELL THERAPY EQUIPMENT MARKET, BY TYPE,
2018–2025 (USD MILLION) 97
TABLE 77 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 98
TABLE 78 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 98
TABLE 79 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 98
10.4.1 CHINA 99
10.4.1.1 INCREASING CELL THERAPY-BASED TRIALS TO SUPPORT MARKET
GROWTH IN CHINA 99
TABLE 80 CHINA: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 99
TABLE 81 CHINA: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 100
TABLE 82 CHINA: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 100
TABLE 83 CHINA: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 100
10.4.2 JAPAN 101
10.4.2.1 RISING GERIATRIC POPULATION AND GROWING DISEASE PREVALENCE WILL DRIVE THE MARKET IN JAPAN 101
TABLE 84 JAPAN: CANCER INCIDENCE, BY TYPE, 2018 VS. 2025 101
TABLE 85 JAPAN: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 102
TABLE 86 JAPAN: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 102
TABLE 87 JAPAN: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 102
TABLE 88 JAPAN: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 103
10.4.3 AUSTRALIA 103
10.4.3.1 MARKET IN AUSTRALIA TO BENEFIT FROM RISING INVESTMENTS IN MEDICINE 103
TABLE 89 AUSTRALIA: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 103
TABLE 90 AUSTRALIA: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 104
TABLE 91 AUSTRALIA: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 104
TABLE 92 AUSTRALIA: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 104
10.4.4 REST OF ASIA PACIFIC 104
TABLE 93 ROAPAC: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 105
TABLE 94 ROAPAC: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 105
TABLE 95 ROAPAC: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 105
TABLE 96 ROAPAC: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 106
10.5 REST OF THE WORLD 107
TABLE 97 ROW: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 107
TABLE 98 ROW: CELL THERAPY EQUIPMENT MARKET, BY TYPE,
2018–2025 (USD MILLION) 107
TABLE 99 ROW: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 108
TABLE 100 ROW: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 108
TABLE 101 ROW: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 108
11 COMPETITIVE LANDSCAPE & COMPANY PROFILES 109
11.1 COMPETITIVE LANDSCAPE 109
11.1.1 OVERVIEW 109
FIGURE 23 KEY DEVELOPMENTS IN THE CELL THERAPY TECHNOLOGIES MARKET, JANUARY 2017–SEPTEMBER 2020 109
FIGURE 24 MARKET EVOLUTION FRAMEWORK: JANUARY 2017 TO SEPTEMBER 2020 110
11.1.2 COMPETITIVE SCENARIO 111
11.1.2.1 AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS 111
TABLE 102 KEY AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS,
JANUARY 2017−SEPTEMBER 2020 111
11.1.2.2 PRODUCT LAUNCHES & APPROVALS 112
TABLE 103 KEY PRODUCT LAUNCHES AND APPROVALS,
JANUARY 2017−SEPTEMBER 2020 112
11.1.2.3 EXPANSIONS 112
TABLE 104 KEY EXPANSIONS, JANUARY 2017−SEPTEMBER 2020 112
11.1.2.4 ACQUISITIONS 113
TABLE 105 KEY ACQUISITIONS, JANUARY 2017−SEPTEMBER 2020 113
11.1.2.5 OTHER DEVELOPMENTS 114
TABLE 106 OTHER KEY DEVELOPMENTS, JANUARY 2017−SEPTEMBER 2020 114
11.1.3 MARKET SHARE ANALYSIS 115
FIGURE 25 CELL THERAPY TECHNOLOGIES MARKET SHARE ANALYSIS, 2019 115
11.1.4 COMPANY EVALUATION MATRIX 116
FIGURE 26 CELL THERAPY TECHNOLOGIES MARKET (GLOBAL) COMPANY
EVALUATION MATRIX, 2019 117
11.1.5 COMPETITIVE LEADERSHIP MAPPING (START-UPS) 118
FIGURE 27 CELL THERAPY TECHNOLOGIES MARKET: COMPETITIVE LEADERSHIP MAPPING (START-UPS), 2019 119
11.2 COMPANY PROFILES 120
(BUSINESS OVERVIEW, PRODUCTS OFFERED, RECENT DEVELOPMENTS, AND MNM VIEW)*
11.2.1 THERMO FISHER SCIENTIFIC 120
FIGURE 28 THERMO FISHER SCIENTIFIC: COMPANY SNAPSHOT (2019) 120
11.2.2 MERCK KGAA 125
FIGURE 29 MERCK KGAA: COMPANY SNAPSHOT (2019) 125
11.2.3 DANAHER CORPORATION 128
FIGURE 30 DANAHER CORPORATION: COMPANY SNAPSHOT (2019) 128
11.2.4 LONZA GROUP 131
FIGURE 31 LONZA GROUP: COMPANY SNAPSHOT (2019) 131
11.2.5 SARTORIUS AG 134
FIGURE 32 SARTORIUS AG: COMPANY SNAPSHOT (2019) 134
11.2.6 TERUMO BCT, INC. 137
FIGURE 33 TERUMO CORPORATION: COMPANY SNAPSHOT (2019) 137
11.2.7 BECTON, DICKINSON AND COMPANY 139
FIGURE 34 BECTON, DICKINSON AND COMPANY: COMPANY SNAPSHOT (2019) 139
11.2.8 FRESENIUS MEDICAL CARE AG & CO. KGAA 141
FIGURE 35 FRESENIUS MEDICAL CARE AG & CO. KGAA: COMPANY SNAPSHOT (2019) 141
11.2.9 AVANTOR, INC. 143
FIGURE 36 AVANTOR, INC.: COMPANY SNAPSHOT (2019) 143
11.2.10 BIO-TECHNE CORPORATION 145
FIGURE 37 BIO-TECHNE CORPORATION: COMPANY SNAPSHOT (2020) 145
11.2.11 CORNING INCORPORATED 147
FIGURE 38 CORNING: COMPANY SNAPSHOT (2019) 147
11.2.12 FUJIFILM IRVINE SCIENTIFIC 149
FIGURE 39 FUJIFILM HOLDINGS CORPORATION: COMPANY SNAPSHOT (2019) 149
11.2.13 MAXCYTE 151
FIGURE 40 MAXCYTE: COMPANY SNAPSHOT (2019) 151
11.2.14 WERUM IT SOLUTIONS GMBH 153
FIGURE 41 KÖRBER AG: COMPANY SNAPSHOT (2019) 153
11.2.15 ROOSTERBIO 155
11.2.16 SIRION BIOTECH GMBH 156
11.2.17 CELLGENIX GMBH 157
11.2.18 L7 INFORMATICS 158
11.2.19 MILTENYI BIOTEC GMBH 159
11.2.20 STEMCELL TECHNOLOGIES 161
* BUSINESS OVERVIEW, PRODUCTS OFFERED, RECENT DEVELOPMENTS, AND MNM VIEW MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.
11.2.21 HEMASOFT 163
11.2.22 MAK-SYSTEM 163
11.2.23 ORGANABIO, LLC 164
11.2.24 IXCELLS BIOTECHNOLOGY 164
11.2.25 WILSON WOLF CORPORATION 165
12 APPENDIX 166
12.1 INDUSTRY INSIGHTS 166
12.2 DISCUSSION GUIDE 167
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 170
12.4 AVAILABLE CUSTOMIZATIONS 172
12.5 RELATED REPORTS 172
12.6 AUTHOR DETAILS 173
TABLE OF CONTENTS
1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
1.2.1 INCLUSIONS AND EXCLUSIONS 23
1.3 MARKET SCOPE 24
1.3.1 MARKETS COVERED 24
1.3.2 YEARS CONSIDERED FOR THE STUDY 24
1.4 CURRENCY 25
1.5 LIMITATIONS 25
1.6 STAKEHOLDERS 25
1.7 SUMMARY OF CHANGES 25
1.8 LIMITATIONS OF THE CURRENT EDITION 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 1 RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 KEY DATA FROM SECONDARY SOURCES 28
2.1.2 PRIMARY DATA 29
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE,
DESIGNATION, AND REGION 29
2.1.2.1 KEY DATA FROM PRIMARY SOURCES 30
2.2 MARKET SIZE ESTIMATION 30
FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 31
2.2.1 BOTTOM-UP APPROACH 32
FIGURE 4 CELL THERAPY TECHNOLOGIES MARKET: BOTTOM-UP APPROACH 32
2.2.2 GROWTH FORECAST 32
2.2.3 TOP-DOWN APPROACH 32
FIGURE 5 CELL THERAPY TECHNOLOGIES MARKET: TOP-DOWN APPROACH 32
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 33
FIGURE 6 DATA TRIANGULATION METHODOLOGY 33
2.4 ASSUMPTIONS FOR THE STUDY 34
3 EXECUTIVE SUMMARY 35
FIGURE 7 CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2020 VS. 2025 (USD MILLION) 35
FIGURE 8 CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2020 VS. 2025 (USD MILLION) 36
FIGURE 9 CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2020 VS. 2025 (USD MILLION) 36
FIGURE 10 CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2020 VS. 2025 (USD MILLION) 37
FIGURE 11 CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2020 VS. 2025 (USD MILLION) 37
4 PREMIUM INSIGHTS 39
4.1 CELL THERAPY TECHNOLOGIES: MARKET OVERVIEW 39
FIGURE 12 LARGE NUMBER OF ONCOLOGY-RELATED CELL THERAPY CLINICAL TRIALS TO DRIVE MARKET GROWTH DURING THE FORECAST PERIOD 39
4.2 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT 40
FIGURE 13 CONSUMABLES TO DOMINATE THE ASIA PACIFIC CELL THERAPY TECHNOLOGIES MARKET IN 2019 40
4.3 GEOGRAPHICAL SNAPSHOT OF THE CELL THERAPY TECHNOLOGIES MARKET 41
FIGURE 14 CHINA TO REGISTER THE HIGHEST GROWTH RATE DURING
THE FORECAST PERIOD 41
5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
5.2 MARKET DYNAMICS 42
FIGURE 15 CELL THERAPY TECHNOLOGIES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 42
5.2.1 DRIVERS 43
5.2.1.1 RISING GOVERNMENT INVESTMENTS IN CELL-BASED RESEARCH 43
TABLE 1 NIH FUNDING FOR CELL-BASED RESEARCH, 2016–2019 (USD MILLION) 43
5.2.1.2 RISING INCIDENCE OF CHRONIC AND INFECTIOUS DISEASES 44
FIGURE 16 GLOBAL CANCER INCIDENCE, BY REGION, 2018 VS. 2030 44
5.2.1.3 LARGE NUMBER OF ONCOLOGY-RELATED CELL THERAPY CLINICAL TRIALS 45
FIGURE 17 CANCER CELL THERAPY PIPELINE (MARCH 2019–MARCH 2020) 45
5.2.1.4 INCREASING GMP CERTIFICATIONS FOR CELL THERAPY PRODUCTION FACILITIES 46
TABLE 2 RISING MANUFACTURING CERTIFICATIONS AND APPROVALS FOR
GMP TO BOOST THE MARKET 46
5.2.2 RESTRAINTS 46
5.2.2.1 HIGH COST OF CELL-BASED RESEARCH AND LOW SUCCESS RATE 46
TABLE 3 COST OF CELL THERAPY EQUIPMENT 47
TABLE 4 BREAKDOWN OF ACTIVE CELL THERAPY CLINICAL TRIALS,
BY CELL GROUP AND TRIAL PHASE 47
5.2.2.2 DEARTH OF SKILLED PROFESSIONALS 47
5.2.3 OPPORTUNITIES 47
5.2.3.1 EMERGENCE OF IPSCS AS AN ALTERNATIVE TO ESCS 47
5.2.3.2 INCREASED FOCUS ON PERSONALIZED MEDICINE 48
5.2.3.3 INCREASING PUBLIC-PRIVATE PARTNERSHIPS FOR THE DEVELOPMENT
OF CELL THERAPIES 48
5.2.3.4 EMERGING ASIAN MARKETS 49
5.2.4 CHALLENGES 49
5.2.4.1 SURVIVAL OF SMALL PLAYERS AND NEW ENTRANTS 49
5.3 VALUE CHAIN ANALYSIS 50
FIGURE 18 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING AND ASSEMBLY PHASE 50
5.4 SUPPLY CHAIN ANALYSIS 51
FIGURE 19 DIRECT DISTRIBUTION—THE PREFERRED STRATEGY OF
PROMINENT COMPANIES 51
5.5 ECOSYSTEM ANALYSIS 52
FIGURE 20 ECOSYSTEM ANALYSIS OF THE BIOTECHNOLOGY INDUSTRY 52
5.6 COVID-19 IMPACT ANALYSIS 52
5.7 REGULATORY LANDSCAPE 53
5.7.1 NORTH AMERICA 53
TABLE 5 NORTH AMERICA: REGULATORY LANDSCAPE FOR STEM CELL THERAPIES 53
5.7.2 EUROPE 54
TABLE 6 EUROPE: REGULATORY LANDSCAPE FOR STEM CELL THERAPIES 54
5.7.3 ASIA PACIFIC 55
TABLE 7 ASIA PACIFIC: REGULATORY LANDSCAPE FOR STEM CELL THERAPIES 55
5.7.4 ROW 56
TABLE 8 ROW: REGULATORY LANDSCAPE FOR STEM CELL THERAPIES 56
5.8 AVERAGE SELLING PRICE TRENDS 57
TABLE 9 AVERAGE SELLING PRICE OF CELL PROCESSING SYSTEMS,
2019 VS 2023 VS 2025 57
6 CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT 58
6.1 INTRODUCTION 59
TABLE 10 CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 59
6.2 CONSUMABLES 59
6.2.1 HIGH REQUIREMENT OF CONSUMABLES IN PROCESSES
SUPPORTS MARKET GROWTH 59
TABLE 11 CELL THERAPY CONSUMABLES MARKET, BY REGION,
2018–2025 (USD MILLION) 60
6.3 EQUIPMENT 60
TABLE 12 CELL THERAPY EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 60
TABLE 13 CELL THERAPY EQUIPMENT MARKET, BY TYPE, 2018–2025 (USD MILLION) 60
6.3.1 CELL PROCESSING EQUIPMENT 61
6.3.1.1 CELL PROCESSING EQUIPMENT DOMINATES THE OVERALL EQUIPMENT MARKET 61
TABLE 14 CELL PROCESSING EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 61
6.3.2 SINGLE-USE EQUIPMENT 61
6.3.2.1 BENEFITS OF SINGLE-USE EQUIPMENT HAVE ENSURED END-USER DEMAND 61
TABLE 15 SINGLE-USE EQUIPMENT MARKET, BY REGION, 2018–2025 (USD MILLION) 62
6.3.3 OTHER CELL THERAPY EQUIPMENT 62
TABLE 16 OTHER CELL THERAPY EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 62
6.4 SYSTEMS & SOFTWARE 63
6.4.1 SYSTEMS & SOFTWARE ARE USED TO MONITOR THE DIFFERENT STAGES OF CELL PROCESSING 63
TABLE 17 CELL THERAPY SYSTEMS & SOFTWARE MARKET, BY REGION,
2018–2025 (USD MILLION) 63
7 CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS 64
7.1 INTRODUCTION 65
TABLE 18 CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 65
7.2 CELL PROCESSING 65
7.2.1 CELL PROCESSING MAKES THE MOST USE OF CELL THERAPY INSTRUMENTS 65
TABLE 19 CELL THERAPY TECHNOLOGIES MARKET FOR CELL PROCESSING, BY REGION, 2018–2025 (USD MILLION) 65
7.3 CELL PRESERVATION, DISTRIBUTION, AND HANDLING 66
7.3.1 INCREASING DEMAND FOR CELL-BASED MEDICAL PRODUCTS AND THERAPIES TO DRIVE THE GROWTH OF THE SEGMENT 66
TABLE 20 CELL THERAPY TECHNOLOGIES MARKET FOR CELL PRESERVATION, DISTRIBUTION, AND HANDLING, BY REGION, 2018–2025 (USD MILLION) 66
7.4 PROCESS MONITORING AND QUALITY CONTROL 66
7.4.1 PROCESS MONITORING IS ESSENTIAL TO ENSURE THE QUALITY AND ACCURACY OF CELL PROCESSING 66
TABLE 21 CELL THERAPY TECHNOLOGIES MARKET FOR PROCESS MONITORING AND QUALITY CONTROL, BY REGION, 2018–2025 (USD MILLION) 67
8 CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE 68
8.1 INTRODUCTION 69
TABLE 22 CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 69
8.2 T-CELLS 69
8.2.1 RESEARCH CONDUCTED IN THE FIELD OF CAR-T THERAPY WILL ACCELERATE THE GROWTH OF THE SEGMENT 69
TABLE 23 T-CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2018–2025 (USD MILLION) 70
8.3 STEM CELLS 70
8.3.1 INCREASING FUNDING IN STEM CELL RESEARCH TO DRIVE MARKET GROWTH 70
TABLE 24 STEM CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2018–2025 (USD MILLION) 71
8.4 OTHER CELLS 71
TABLE 25 OTHER CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2018–2025 (USD MILLION) 71
9 CELL THERAPY TECHNOLOGIES MARKET, BY END USER 72
9.1 INTRODUCTION 73
TABLE 26 CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 73
9.2 BIOPHARMACEUTICAL & BIOTECHNOLOGY COMPANIES AND CROS 73
9.2.1 RISING NUMBER OF CELL THERAPY MANUFACTURING FACILITIES
TO DRIVE THE MARKET 73
TABLE 27 CELL THERAPY TECHNOLOGIES MARKET FOR BIOPHARMACEUTICAL & BIOTECHNOLOGY COMPANIES AND CROS, BY REGION,
2018–2025 (USD MILLION) 74
9.3 RESEARCH INSTITUTES AND CELL BANKS 74
9.3.1 MARKET GROWTH IS SUPPORTED BY RISING RESEARCH ACTIVITY 74
TABLE 28 CELL THERAPY TECHNOLOGIES MARKET FOR RESEARCH INSTITUTES AND CELL BANKS, BY REGION, 2018–2025 (USD MILLION) 75
10 CELL THERAPY TECHNOLOGIES MARKET, BY REGION 76
10.1 INTRODUCTION 77
TABLE 29 CELL THERAPY TECHNOLOGIES MARKET, BY REGION,
2018–2025 (USD MILLION) 77
10.2 NORTH AMERICA 77
FIGURE 21 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET SNAPSHOT 78
TABLE 30 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 78
TABLE 31 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT, 2018–2025 (USD MILLION) 79
TABLE 32 NORTH AMERICA: CELL THERAPY EQUIPMENT MARKET, BY TYPE,
2018–2025 (USD MILLION) 79
TABLE 33 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS, 2018–2025 (USD MILLION) 79
TABLE 34 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE, 2018–2025 (USD MILLION) 80
TABLE 35 NORTH AMERICA: CELL THERAPY TECHNOLOGIES MARKET, BY END USER, 2018–2025 (USD MILLION) 80
10.2.1 US 80
10.2.1.1 INCREASING R&D ACTIVITIES TO SUPPORT MARKET GROWTH IN THE US 80
TABLE 36 US: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 81
TABLE 37 US: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 81
TABLE 38 US: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 81
TABLE 39 US: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 81
10.2.2 CANADA 82
10.2.2.1 INCREASING GOVERNMENT FUNDING TO DRIVE THE ADOPTION OF CELL THERAPY INSTRUMENTS IN CANADA 82
TABLE 40 CANADA: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 82
TABLE 41 CANADA: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 83
TABLE 42 CANADA: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 83
TABLE 43 CANADA: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 83
10.3 EUROPE 84
TABLE 44 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 84
TABLE 45 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 84
TABLE 46 EUROPE: CELL THERAPY EQUIPMENT MARKET, BY TYPE,
2018–2025 (USD MILLION) 85
TABLE 47 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 85
TABLE 48 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 85
TABLE 49 EUROPE: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 86
10.3.1 GERMANY 86
10.3.1.1 GERMANY HOLDS THE LARGEST SHARE OF THE EUROPEAN MARKET 86
TABLE 50 GERMANY: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 86
TABLE 51 GERMANY: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 87
TABLE 52 GERMANY: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 87
TABLE 53 GERMANY: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 87
10.3.2 UK 88
10.3.2.1 FAVORABLE FUNDING AND INVESTMENT SCENARIO IN THE UK INDICATES STRONG GROWTH IN THE COMING YEARS 88
TABLE 54 UK: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 88
TABLE 55 UK: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 88
TABLE 56 UK: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 89
TABLE 57 UK: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 89
10.3.3 FRANCE 89
10.3.3.1 AVAILABILITY OF GOVERNMENT AND PRIVATE SUPPORT IS A KEY
DRIVER OF MARKET GROWTH 89
TABLE 58 FRANCE: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 90
TABLE 59 FRANCE: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 90
TABLE 60 FRANCE: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 90
TABLE 61 FRANCE: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 91
10.3.4 ITALY 91
10.3.4.1 INITIATIVES FAVORING CELL AND GENE THERAPY DEVELOPMENT WILL SUPPORT THE MARKET IN ITALY 91
TABLE 62 ITALY: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 91
TABLE 63 ITALY: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 92
TABLE 64 ITALY: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 92
TABLE 65 ITALY: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 92
10.3.5 SPAIN 93
10.3.5.1 INCREASING FUNDING FROM PRIVATE AND PUBLIC ORGANIZATIONS TO
AID MARKET GROWTH 93
TABLE 66 SPAIN: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 93
TABLE 67 SPAIN: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 93
TABLE 68 SPAIN: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 94
TABLE 69 SPAIN: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 94
10.3.6 REST OF EUROPE 94
TABLE 70 ROE: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 95
TABLE 71 ROE: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 95
TABLE 72 ROE: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 95
TABLE 73 ROE: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 95
10.4 ASIA PACIFIC 96
FIGURE 22 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET SNAPSHOT 96
TABLE 74 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 97
TABLE 75 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 97
TABLE 76 ASIA PACIFIC: CELL THERAPY EQUIPMENT MARKET, BY TYPE,
2018–2025 (USD MILLION) 97
TABLE 77 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 98
TABLE 78 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 98
TABLE 79 ASIA PACIFIC: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 98
10.4.1 CHINA 99
10.4.1.1 INCREASING CELL THERAPY-BASED TRIALS TO SUPPORT MARKET
GROWTH IN CHINA 99
TABLE 80 CHINA: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 99
TABLE 81 CHINA: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 100
TABLE 82 CHINA: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 100
TABLE 83 CHINA: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 100
10.4.2 JAPAN 101
10.4.2.1 RISING GERIATRIC POPULATION AND GROWING DISEASE PREVALENCE WILL DRIVE THE MARKET IN JAPAN 101
TABLE 84 JAPAN: CANCER INCIDENCE, BY TYPE, 2018 VS. 2025 101
TABLE 85 JAPAN: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 102
TABLE 86 JAPAN: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 102
TABLE 87 JAPAN: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 102
TABLE 88 JAPAN: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 103
10.4.3 AUSTRALIA 103
10.4.3.1 MARKET IN AUSTRALIA TO BENEFIT FROM RISING INVESTMENTS IN MEDICINE 103
TABLE 89 AUSTRALIA: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 103
TABLE 90 AUSTRALIA: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 104
TABLE 91 AUSTRALIA: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 104
TABLE 92 AUSTRALIA: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 104
10.4.4 REST OF ASIA PACIFIC 104
TABLE 93 ROAPAC: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 105
TABLE 94 ROAPAC: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 105
TABLE 95 ROAPAC: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 105
TABLE 96 ROAPAC: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 106
10.5 REST OF THE WORLD 107
TABLE 97 ROW: CELL THERAPY TECHNOLOGIES MARKET, BY PRODUCT,
2018–2025 (USD MILLION) 107
TABLE 98 ROW: CELL THERAPY EQUIPMENT MARKET, BY TYPE,
2018–2025 (USD MILLION) 107
TABLE 99 ROW: CELL THERAPY TECHNOLOGIES MARKET, BY PROCESS,
2018–2025 (USD MILLION) 108
TABLE 100 ROW: CELL THERAPY TECHNOLOGIES MARKET, BY CELL TYPE,
2018–2025 (USD MILLION) 108
TABLE 101 ROW: CELL THERAPY TECHNOLOGIES MARKET, BY END USER,
2018–2025 (USD MILLION) 108
11 COMPETITIVE LANDSCAPE & COMPANY PROFILES 109
11.1 COMPETITIVE LANDSCAPE 109
11.1.1 OVERVIEW 109
FIGURE 23 KEY DEVELOPMENTS IN THE CELL THERAPY TECHNOLOGIES MARKET, JANUARY 2017–SEPTEMBER 2020 109
FIGURE 24 MARKET EVOLUTION FRAMEWORK: JANUARY 2017 TO SEPTEMBER 2020 110
11.1.2 COMPETITIVE SCENARIO 111
11.1.2.1 AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS 111
TABLE 102 KEY AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS,
JANUARY 2017−SEPTEMBER 2020 111
11.1.2.2 PRODUCT LAUNCHES & APPROVALS 112
TABLE 103 KEY PRODUCT LAUNCHES AND APPROVALS,
JANUARY 2017−SEPTEMBER 2020 112
11.1.2.3 EXPANSIONS 112
TABLE 104 KEY EXPANSIONS, JANUARY 2017−SEPTEMBER 2020 112
11.1.2.4 ACQUISITIONS 113
TABLE 105 KEY ACQUISITIONS, JANUARY 2017−SEPTEMBER 2020 113
11.1.2.5 OTHER DEVELOPMENTS 114
TABLE 106 OTHER KEY DEVELOPMENTS, JANUARY 2017−SEPTEMBER 2020 114
11.1.3 MARKET SHARE ANALYSIS 115
FIGURE 25 CELL THERAPY TECHNOLOGIES MARKET SHARE ANALYSIS, 2019 115
11.1.4 COMPANY EVALUATION MATRIX 116
FIGURE 26 CELL THERAPY TECHNOLOGIES MARKET (GLOBAL) COMPANY
EVALUATION MATRIX, 2019 117
11.1.5 COMPETITIVE LEADERSHIP MAPPING (START-UPS) 118
FIGURE 27 CELL THERAPY TECHNOLOGIES MARKET: COMPETITIVE LEADERSHIP MAPPING (START-UPS), 2019 119
11.2 COMPANY PROFILES 120
(BUSINESS OVERVIEW, PRODUCTS OFFERED, RECENT DEVELOPMENTS, AND MNM VIEW)*
11.2.1 THERMO FISHER SCIENTIFIC 120
FIGURE 28 THERMO FISHER SCIENTIFIC: COMPANY SNAPSHOT (2019) 120
11.2.2 MERCK KGAA 125
FIGURE 29 MERCK KGAA: COMPANY SNAPSHOT (2019) 125
11.2.3 DANAHER CORPORATION 128
FIGURE 30 DANAHER CORPORATION: COMPANY SNAPSHOT (2019) 128
11.2.4 LONZA GROUP 131
FIGURE 31 LONZA GROUP: COMPANY SNAPSHOT (2019) 131
11.2.5 SARTORIUS AG 134
FIGURE 32 SARTORIUS AG: COMPANY SNAPSHOT (2019) 134
11.2.6 TERUMO BCT, INC. 137
FIGURE 33 TERUMO CORPORATION: COMPANY SNAPSHOT (2019) 137
11.2.7 BECTON, DICKINSON AND COMPANY 139
FIGURE 34 BECTON, DICKINSON AND COMPANY: COMPANY SNAPSHOT (2019) 139
11.2.8 FRESENIUS MEDICAL CARE AG & CO. KGAA 141
FIGURE 35 FRESENIUS MEDICAL CARE AG & CO. KGAA: COMPANY SNAPSHOT (2019) 141
11.2.9 AVANTOR, INC. 143
FIGURE 36 AVANTOR, INC.: COMPANY SNAPSHOT (2019) 143
11.2.10 BIO-TECHNE CORPORATION 145
FIGURE 37 BIO-TECHNE CORPORATION: COMPANY SNAPSHOT (2020) 145
11.2.11 CORNING INCORPORATED 147
FIGURE 38 CORNING: COMPANY SNAPSHOT (2019) 147
11.2.12 FUJIFILM IRVINE SCIENTIFIC 149
FIGURE 39 FUJIFILM HOLDINGS CORPORATION: COMPANY SNAPSHOT (2019) 149
11.2.13 MAXCYTE 151
FIGURE 40 MAXCYTE: COMPANY SNAPSHOT (2019) 151
11.2.14 WERUM IT SOLUTIONS GMBH 153
FIGURE 41 KÖRBER AG: COMPANY SNAPSHOT (2019) 153
11.2.15 ROOSTERBIO 155
11.2.16 SIRION BIOTECH GMBH 156
11.2.17 CELLGENIX GMBH 157
11.2.18 L7 INFORMATICS 158
11.2.19 MILTENYI BIOTEC GMBH 159
11.2.20 STEMCELL TECHNOLOGIES 161
* BUSINESS OVERVIEW, PRODUCTS OFFERED, RECENT DEVELOPMENTS, AND MNM VIEW MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.
11.2.21 HEMASOFT 163
11.2.22 MAK-SYSTEM 163
11.2.23 ORGANABIO, LLC 164
11.2.24 IXCELLS BIOTECHNOLOGY 164
11.2.25 WILSON WOLF CORPORATION 165
12 APPENDIX 166
12.1 INDUSTRY INSIGHTS 166
12.2 DISCUSSION GUIDE 167
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 170
12.4 AVAILABLE CUSTOMIZATIONS 172
12.5 RELATED REPORTS 172
12.6 AUTHOR DETAILS 173
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1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 MARKET DEFINITION 33
1.2.1 CATEGORY-WISE INCLUSIONS AND EXCLUSIONS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 33
1.3 MARKET SCOPE 34
1.3.1 MARKETS COVERED 34
FIGURE 1 LATERAL FLOW ASSAY COMPONENTS MARKET SEGMENTATION 34
1.3.2 YEARS CONSIDERED FOR THE STUDY 35
1.4 CURRENCY 35
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 35
1.5 STAKEHOLDERS 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH APPROACH 36
FIGURE 2 RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary sources 38
2.1.2.2 Key data from primary sources 39
2.1.2.3 Breakdown of primaries 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE):
BY COMPANY TYPE, DESIGNATION, AND REGION 39
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND SIDE): BY END USER, DESIGNATION, AND REGION 40
2.2 MARKET SIZE ESTIMATION 40
FIGURE 5 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS (2021) 41
FIGURE 6 SUPPLY-SIDE ANALYSIS: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 42
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 44
FIGURE 7 DATA TRIANGULATION METHODOLOGY 45
2.4 KEY INDUSTRY INSIGHTS 46
2.5 LIMITATIONS 46
2.5.1 METHODOLOGY-RELATED LIMITATIONS 46
2.6 RISK ASSESSMENT 47
2.7 ASSUMPTIONS FOR THE STUDY 47
3 EXECUTIVE SUMMARY 48
FIGURE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2022 VS. 2027 (USD MILLION) 48
FIGURE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2022 VS. 2027 (USD MILLION) 49
FIGURE 10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 50
FIGURE 11 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2022 VS. 2027 (USD MILLION) 51
FIGURE 12 GEOGRAPHICAL SNAPSHOT OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 52
4 PREMIUM INSIGHTS 53
4.1 LATERAL FLOW ASSAY COMPONENTS MARKET OVERVIEW 53
FIGURE 13 RISING NUMBER OF LOCAL MANUFACTURERS FOR COMPONENTS IS DRIVING THE GROWTH OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 53
4.2 REGIONAL MIX: LATERAL FLOW ASSAY COMPONENTS MARKET 54
FIGURE 14 APAC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 54
4.3 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE AND COUNTRY 55
FIGURE 15 MEMBRANES ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2021 55
4.4 LATERAL FLOW ASSAY COMPONENTS MARKET: GEOGRAPHICAL GROWTH OPPORTUNITIES 56
4.5 LATERAL FLOW ASSAY COMPONENTS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS: IMPACT ANALYSIS 57
5.2.1 DRIVERS 58
5.2.1.1 Growing demand for lateral flow assay kits due
to the COVID-19 pandemic 58
5.2.1.2 Growing usage of home-based lateral flow assay devices 58
5.2.1.3 Growing demand for point-of-care testing 58
5.2.1.4 Increasing public-private investments to develop lateral flow assays 59
5.2.2 RESTRAINTS 59
5.2.2.1 Availability of alternative diagnostic technologies 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Evolving applications of lateral flow assays 59
5.2.4 CHALLENGES 60
5.2.4.1 Requirement of specialized storage and shipping facilities for membranes 60
5.3 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC) IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
FIGURE 16 YC–YCC SHIFT IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 61
5.5 AVERAGE SELLING PRICE TREND 61
TABLE 2 AVERAGE SELLING PRICE OF LATERAL FLOW ASSAY COMPONENTS,
BY REGION, 2021 (USD) 61
5.6 ECOSYSTEM MARKET MAP 62
FIGURE 17 ECOSYSTEM: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 62
5.7 PATENT ANALYSIS 63
5.7.1 PATENT PUBLICATION TRENDS FOR LATERAL FLOW ASSAYS 63
FIGURE 18 GLOBAL PATENT PUBLICATION TRENDS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2016–2021 64
5.7.2 JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PATENTS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 64
FIGURE 19 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR LATERAL FLOW ASSAYS COMPONENTS, 2016–2021 64
5.8 VALUE CHAIN ANALYSIS 65
5.9 REGULATORY LANDSCAPE 66
TABLE 3 REGULATORY STANDARDS/APPROVALS REQUIRED FOR LATERAL FLOW IMMUNOASSAY PRODUCTS, BY COUNTRY/REGION 66
5.9.1 NORTH AMERICA 66
5.9.2 EUROPE 67
5.9.3 ASIA PACIFIC 67
5.9.3.1 India 67
5.9.3.2 China 67
5.9.3.3 Japan 68
5.10 TECHNOLOGY ANALYSIS 69
5.10.1 KEY TECHNOLOGY: LATERAL FLOW ASSAYS 69
5.11 KEY CONFERENCES & EVENTS DURING 2021–2023 69
TABLE 4 LATERAL FLOW ASSAY COMPONENTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 69
5.12 KEY STAKEHOLDERS & BUYING CRITERIA 70
5.12.1 KEY STAKEHOLDERS IN THE BUYING PROCESS 70
FIGURE 20 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
TABLE 5 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
5.12.2 BUYING CRITERIA 71
FIGURE 21 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
TABLE 6 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
5.13 PORTER’S FIVE FORCES ANALYSIS 72
TABLE 7 LATERAL FLOW ASSAY COMPONENTS MARKET:
PORTER’S FIVE FORCES ANALYSIS 72
5.13.1 THREAT FROM NEW ENTRANTS 72
5.13.2 THREAT FROM SUBSTITUTES 72
5.13.3 BARGAINING POWER OF BUYERS 73
5.13.4 BARGAINING POWER OF SUPPLIERS 73
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 73
6 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE 74
6.1 INTRODUCTION 75
TABLE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 75
6.2 MEMBRANES 75
TABLE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE,
2020–2027 (USD MILLION) 76
TABLE 10 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 76
6.2.1 NITROCELLULOSE MEMBRANES 77
6.2.1.1 Advantages of nitrocellulose membranes such as high protein-binding affinity and compatibility with a wide range of detection methods to drive market growth 77
TABLE 11 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES, BY COUNTRY, 2020–2027 (USD MILLION) 77
TABLE 12 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (1 X 1 M SHEETS), BY REGION, 2020–2027 (IN THOUSANDS) 78
TABLE 13 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (20 MM X 1 M ROLLS), BY REGION, 2020–2027 (IN MILLIONS) 78
6.2.2 OTHER MEMBRANES 78
TABLE 14 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 79
6.3 PADS 80
TABLE 15 EXAMPLES OF DIFFERENT MATERIALS USED IN MANUFACTURING LATERAL FLOW ASSAY PADS 80
TABLE 16 LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 80
TABLE 17 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PADS, BY COUNTRY, 2020–2027 (USD MILLION) 81
6.3.1 SAMPLE PADS 81
6.3.1.1 Ability to promote even and controlled distribution of samples to drive market growth 81
TABLE 18 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SAMPLE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 82
6.3.2 CONJUGATE PADS 82
6.3.2.1 Conjugate pads play an important role in controlling the performance of lateral flow immunoassays 82
TABLE 19 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CONJUGATE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 83
6.3.3 ABSORBENT PADS 84
6.3.3.1 Absorbent pads prevent backflow—a key factor driving market growth 84
TABLE 20 LATERAL FLOW ASSAY COMPONENTS MARKET FOR ABSORBENT PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 84
6.4 OTHER COMPONENTS 84
TABLE 21 OTHER LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 85
7 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION 86
7.1 INTRODUCTION 87
TABLE 22 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 87
7.2 CLINICAL TESTING 87
TABLE 23 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 88
TABLE 24 LATERAL FLOW ASSAYS MARKET FOR CLINICAL TESTING APPLICATIONS,
BY COUNTRY, 2020–2027 (USD MILLION) 88
7.2.1 INFECTIOUS DISEASE TESTING 89
7.2.1.1 Rising demand for infectious disease testing in emerging markets to drive market growth 89
TABLE 25 LATERAL FLOW ASSAY COMPONENTS MARKET FOR INFECTIOUS DISEASE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 89
7.2.2 PREGNANCY & FERTILITY TESTING 90
7.2.2.1 Growing infertility levels due to changing lifestyles—a key factor driving market growth 90
TABLE 26 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PREGNANCY & FERTILITY TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 90
7.2.3 CARDIAC MARKER TESTING 91
7.2.3.1 Rising prevalence of cardiovascular diseases and growing government support to drive growth in this market segment 91
TABLE 27 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CARDIAC MARKER TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 92
7.2.4 CHOLESTEROL TESTING/LIPID PROFILING 92
7.2.4.1 Growing prevalence of obesity and CVD—
a key factor driving market growth 92
TABLE 28 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CHOLESTEROL TESTING/LIPID PROFILING, BY COUNTRY, 2020–2027 (USD MILLION) 93
7.2.5 DRUGS-OF-ABUSE TESTING 93
7.2.5.1 Technological advancements and a growing focus on workplace
drug testing are driving market growth 93
TABLE 29 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUGS-OF-ABUSE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 94
7.2.6 OTHER CLINICAL TESTING APPLICATIONS 94
TABLE 30 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER CLINICAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 95
7.3 VETERINARY DIAGNOSTICS 95
7.3.1 INFECTIOUS DISEASE OUTBREAKS (PARTICULARLY IN LARGE LIVESTOCK ANIMALS) TO DRIVE MARKET GROWTH 95
TABLE 31 LATERAL FLOW ASSAY COMPONENTS MARKET FOR VETERINARY DIAGNOSTIC APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 96
7.4 FOOD SAFETY & ENVIRONMENTAL TESTING 96
7.4.1 HIGH SENSITIVITY AND EASE OF USE ARE KEY FACTORS DRIVING THE DEMAND FOR LATERAL FLOW ASSAYS FOR FOOD SAFETY TESTING 96
TABLE 32 LATERAL FLOW ASSAY COMPONENTS MARKET FOR FOOD SAFETY & ENVIRONMENTAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 97
7.5 DRUG DEVELOPMENT & QUALITY TESTING 97
7.5.1 INCREASING FOCUS ON PRODUCT SAFETY AND QUALITY ASSURANCE TO DRIVE MARKET GROWTH IN THE COMING YEARS 97
TABLE 33 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUG DEVELOPMENT & QUALITY TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 98
8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE 99
8.1 INTRODUCTION 100
TABLE 34 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 100
8.2 SANDWICH ASSAYS 100
8.2.1 SANDWICH ASSAYS PROVIDE HIGHER LEVELS OF ASSAY SENSITIVITY AND SPECIFICITY THAN OTHER ASSAY TECHNIQUES—A KEY FACTOR DRIVING GROWTH IN THIS MARKET SEGMENT 100
TABLE 35 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SANDWICH ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 101
8.3 COMPETITIVE ASSAYS 101
8.3.1 REDUCED SELECTIVITY AND SENSITIVITY OF COMPETITIVE ASSAYS IN RELATION TO SANDWICH ASSAYS COULD HAMPER MARKET GROWTH 101
TABLE 36 LATERAL FLOW ASSAY COMPONENTS MARKET FOR COMPETITIVE ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 102
8.4 MULTIPLEX DETECTION ASSAYS 102
8.4.1 INCREASING ADOPTION OF MULTI-ANALYTE ASSAYS AMONG CLINICIANS TO DRIVE MARKET GROWTH 102
TABLE 37 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MULTIPLEX DETECTION ASSAYS, BY COUNTRY, 2020–2027 (USD MILLION) 103
9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER 104
9.1 INTRODUCTION 105
TABLE 38 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 105
9.2 MEDICAL DEVICE MANUFACTURING COMPANIES 105
9.2.1 INCREASING USE OF POC TESTS IS DRIVING THE ADOPTION OF LATERAL FLOW ASSAY COMPONENTS AMONG MEDICAL DEVICE MANUFACTURING COMPANIES 105
TABLE 39 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE MANUFACTURING COMPANIES, BY COUNTRY, 2020–2027 (USD MILLION) 106
9.3 MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES 106
9.3.1 GROWING INCLINATION TOWARD FAST AND EARLY DIAGNOSIS, ESPECIALLY IN RELATION TO THE CURRENT COVID-19 SCENARIO, WILL DRIVE MARKET GROWTH 106
TABLE 40 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES, BY COUNTRY,
2020–2027 (USD MILLION) 107
10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION 108
10.1 INTRODUCTION 109
FIGURE 22 CHINA TO REGISTER THE HIGHEST GROWTH IN THE LATERAL FLOW ASSAY COMPONENTS MARKET DURING THE FORECAST PERIOD 109
TABLE 41 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION,
2020–2027 (USD MILLION) 110
10.2 NORTH AMERICA 110
TABLE 42 NORTH AMERICA: MACROECONOMIC INDICATORS 110
FIGURE 23 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 111
TABLE 43 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY COUNTRY, 2020–2027 (USD MILLION) 112
TABLE 44 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 112
TABLE 45 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 112
TABLE 46 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 113
TABLE 47 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 113
TABLE 48 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 114
TABLE 49 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 114
TABLE 50 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 115
10.2.1 US 115
10.2.1.1 Increasing R&D investments and venture capital funding from both large and small firms towards the development of lateral flow assay diagnostics to drive market growth in the US 115
TABLE 51 US: MACROECONOMIC INDICATORS 116
TABLE 52 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 116
TABLE 53 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 116
TABLE 54 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 117
TABLE 55 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 117
TABLE 56 US: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 118
TABLE 57 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 118
TABLE 58 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 119
10.2.2 CANADA 119
10.2.2.1 Lateral flow assay components market in Canada is estimated to grow at a relatively lower rate than the US 119
TABLE 59 CANADA: MACROECONOMIC INDICATORS 119
TABLE 60 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 120
TABLE 61 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 120
TABLE 62 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 120
TABLE 63 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 121
TABLE 64 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 121
TABLE 65 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 122
TABLE 66 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 122
10.3 EUROPE 122
TABLE 67 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 123
TABLE 68 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 123
TABLE 69 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 123
TABLE 70 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 124
TABLE 71 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 124
TABLE 72 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 125
TABLE 73 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 125
TABLE 74 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 126
10.3.1 GERMANY 126
10.3.1.1 Growing demand for POC testing to drive the lateral flow assay components market in Germany 126
TABLE 75 GERMANY: MACROECONOMIC INDICATORS 126
TABLE 76 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 127
TABLE 77 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 127
TABLE 78 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 127
TABLE 79 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 128
TABLE 80 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 128
TABLE 81 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 129
TABLE 82 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 129
10.3.2 FRANCE 129
10.3.2.1 High prevalence of age-related chronic diseases and infectious diseases to drive market growth in France 129
TABLE 83 FRANCE: MACROECONOMIC INDICATORS 130
TABLE 84 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 130
TABLE 85 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 130
TABLE 86 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 131
TABLE 87 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 131
TABLE 88 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 132
TABLE 89 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 132
TABLE 90 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 133
10.3.3 UK 133
10.3.3.1 Severe impact of the second wave of COVID-19 in the first half of 2021 resulted in higher adoption of rapid COVID tests in the UK 133
TABLE 91 UK: MACROECONOMIC INDICATORS 134
TABLE 92 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 134
TABLE 93 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 134
TABLE 94 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 135
TABLE 95 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 135
TABLE 96 UK: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 136
TABLE 97 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 136
TABLE 98 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 137
10.3.4 ITALY 137
10.3.4.1 Growing initiatives towards decentralization of medical services in Italy are contributing to the market growth in the country 137
TABLE 99 ITALY: MACROECONOMIC INDICATORS 137
TABLE 100 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 138
TABLE 101 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 138
TABLE 102 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 138
TABLE 103 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 139
TABLE 104 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 139
TABLE 105 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 140
TABLE 106 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 140
10.3.5 SPAIN 140
10.3.5.1 Increasing focus of international organizations and domestic players on the development of POC products in the country to drive market growth 140
TABLE 107 SPAIN: MACROECONOMIC INDICATORS 141
TABLE 108 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 141
TABLE 109 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 142
TABLE 110 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 142
TABLE 111 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 142
TABLE 112 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 143
TABLE 113 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 143
TABLE 114 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 144
10.3.6 REST OF EUROPE 144
TABLE 115 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 144
TABLE 116 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 145
TABLE 117 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 145
TABLE 118 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 145
TABLE 119 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 146
TABLE 120 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 146
TABLE 121 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 147
10.4 ASIA PACIFIC 147
FIGURE 24 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 148
TABLE 122 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 149
TABLE 123 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 149
TABLE 124 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 149
TABLE 125 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 150
TABLE 126 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 150
TABLE 127 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 151
TABLE 128 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 151
TABLE 129 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 152
10.4.1 CHINA 152
10.4.1.1 Higher exports of lateral flow assay components during the COVID-19 pandemic to drive market growth in the country 152
TABLE 130 CHINA: MACROECONOMIC INDICATORS 153
TABLE 131 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 153
TABLE 132 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 153
TABLE 133 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 154
TABLE 134 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 154
TABLE 135 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 155
TABLE 136 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 155
TABLE 137 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 156
10.4.2 JAPAN 156
10.4.2.1 Increasing prevalence of age-related illnesses driving the growth of the lateral flow assay components market in Japan 156
TABLE 138 JAPAN: MACROECONOMIC INDICATORS 157
TABLE 139 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 157
TABLE 140 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 157
TABLE 141 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 158
TABLE 142 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 158
TABLE 143 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 159
TABLE 144 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 159
TABLE 145 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 160
10.4.3 INDIA 160
10.4.3.1 Increasing number of local manufacturers, growing healthcare concerns, and rising income levels to propel the growth of this market 160
TABLE 146 INDIA: MACROECONOMIC INDICATORS 160
TABLE 147 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 161
TABLE 148 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 161
TABLE 149 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 161
TABLE 150 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 162
TABLE 151 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 162
TABLE 152 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 163
TABLE 153 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 163
10.4.4 AUSTRALIA 164
10.4.4.1 Increasing prevalence of infectious diseases, especially influenza, to drive the growth of the lateral flow assay components market in Australia 164
TABLE 154 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 164
TABLE 155 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 164
TABLE 156 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 165
TABLE 157 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 165
TABLE 158 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 166
TABLE 159 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 166
TABLE 160 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 167
10.4.5 REST OF ASIA PACIFIC 167
TABLE 161 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 167
TABLE 162 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 168
TABLE 163 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 168
TABLE 164 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 168
TABLE 165 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 169
TABLE 166 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 169
TABLE 167 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 170
10.5 LATIN AMERICA 170
10.5.1 HIGH DEMAND FOR HIV POC DEVICES IN THE REGION TO SUPPORT THE GROWTH OF THE MARKET 170
TABLE 168 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 171
TABLE 169 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 171
TABLE 170 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD
TYPE, 2020–2027 (USD MILLION) 171
TABLE 171 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 172
TABLE 172 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 172
TABLE 173 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 173
TABLE 174 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 173
10.6 MIDDLE EAST & AFRICA 173
10.6.1 SIGNIFICANT SUPPORT FROM GOVERNMENTS AND GLOBAL FIRMS TOWARDS EXPANDING HEALTHCARE SERVICES DRIVES THE ADOPTION OF LATERAL FLOW ASSAYS 173
TABLE 175 MIDDLE EAST & AFRICA: MACROECONOMIC INDICATORS 174
TABLE 176 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TYPE, 2020–2027 (USD MILLION) 174
TABLE 177 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 175
TABLE 178 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 175
TABLE 179 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 175
TABLE 180 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 176
TABLE 181 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 176
TABLE 182 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 177
11 COMPETITIVE LANDSCAPE 178
11.1 OVERVIEW 178
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 178
FIGURE 25 OVERVIEW OF STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
11.3 REVENUE SHARE ANALYSIS FOR KEY PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
FIGURE 26 REVENUE SHARE ANALYSIS FOR THE KEY PLAYERS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 180
11.4 MARKET SHARE ANALYSIS 180
FIGURE 27 LATERAL FLOW ASSAY COMPONENTS MARKET SHARE ANALYSIS, BY KEY PLAYER (2021) 181
TABLE 183 LATERAL FLOW ASSAY COMPONENTS MARKET: DEGREE OF COMPETITION 182
11.5 R&D ASSESSMENT OF KEY PLAYERS 183
FIGURE 28 R&D EXPENDITURE: MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2018 VS. 2020 183
11.6 GEOGRAPHIC REVENUE ASSESSMENT OF KEY PLAYERS 183
FIGURE 29 GEOGRAPHIC REVENUE ASSESSMENT: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 184
11.7 COMPANY EVALUATION QUADRANT 184
11.7.1 STARS 184
11.7.2 PERVASIVE PLAYERS 184
11.7.3 EMERGING LEADERS 185
11.7.4 PARTICIPANTS 185
FIGURE 30 LATERAL FLOW ASSAY COMPONENTS MARKET: COMPANY EVALUATION MATRIX, 2021 185
11.8 COMPETITIVE BENCHMARKING 186
11.8.1 OVERALL COMPANY FOOTPRINT 186
TABLE 184 OVERALL COMPANY FOOTPRINT (17 COMPANIES) 186
TABLE 185 COMPANY FOOTPRINT: BY TYPE (17 COMPANIES) 187
TABLE 186 COMPANY FOOTPRINT: BY REGION (17 COMPANIES) 188
11.9 COMPETITIVE SCENARIO 188
11.9.1 DEALS 189
TABLE 187 DEALS, JANUARY 2019–FEBRUARY 2022 189
11.9.2 OTHER DEVELOPMENTS 189
TABLE 188 OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2022 189
12 COMPANY PROFILES 190
12.1 KEY PLAYERS 190
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 DANAHER CORPORATION (PALL CORPORATION AND CYTIVA LIFE SCIENCE) 190
TABLE 189 DANAHER CORPORATION: BUSINESS OVERVIEW 190
FIGURE 31 DANAHER CORPORATION: COMPANY SNAPSHOT (2020) 191
12.1.2 SARTORIUS STEDIM BIOTECH 195
TABLE 190 SARTORIUS STEDIM BIOTECH: BUSINESS OVERVIEW 195
12.1.3 MERCK KGAA 199
TABLE 191 MERCK KGAA: BUSINESS OVERVIEW 199
FIGURE 33 MERCK KGAA: COMPANY SNAPSHOT (2020) 200
12.1.4 AHLSTROM-MUNKSJÖ 204
TABLE 192 AHLSTROM-MUNKSJÖ: BUSINESS OVERVIEW 204
FIGURE 34 AHLSTROM-MUNKSJÖ: COMPANY SNAPSHOT (2020) 205
12.1.5 ADVANCED MICRODEVICES PVT. LTD. 208
TABLE 193 ADVANCED MICRODEVICES PVT. LTD.: BUSINESS OVERVIEW 208
12.1.6 DCN DIAGNOSTICS 210
TABLE 194 DCN DIAGNOSTICS: BUSINESS OVERVIEW 210
12.2 OTHER PLAYERS 211
12.2.1 FORTIS LIFE SCIENCES 211
TABLE 195 FORTIS LIFE SCIENCES: BUSINESS OVERVIEW 211
12.2.2 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD 212
TABLE 196 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD.:
BUSINESS OVERVIEW 212
12.2.3 AXIVA SICHEM BIOTECH 214
TABLE 197 AXIVA SICHEM BIOTECH: BUSINESS OVERVIEW 214
12.2.4 NUPORE FILTRATION SYSTEM 216
TABLE 198 NUPORE FILTRATION SYSTEM: BUSINESS OVERVIEW 216
12.2.5 BALLYA BIO 217
TABLE 199 BALLYA BIO: BUSINESS OVERVIEW 217
12.2.6 RUNBIO BIOTECH CO. LTD. 219
TABLE 200 RUNBIO BIOTECH CO. LTD.: BUSINESS OVERVIEW 219
12.2.7 NEENAH GESSNER 220
TABLE 201 NEENAH GESSNER: BUSINESS OVERVIEW 220
12.2.8 MAXIM BIOMEDICAL 221
TABLE 202 MAXIM BIOMEDICAL: BUSINESS OVERVIEW 221
12.2.9 CYTODIAGNOSTICS 222
TABLE 203 CYTODIAGNOSTICS: BUSINESS OVERVIEW 222
12.2.10 SENOVA GMBH 223
TABLE 204 SENOVA GMBH: BUSINESS OVERVIEW 223
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 224
13.1 DISCUSSION GUIDE 224
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 229
13.3 AVAILABLE CUSTOMIZATIONS 231
13.4 RELATED REPORTS 231
13.5 AUTHOR DETAILS 232
1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 MARKET DEFINITION 33
1.2.1 CATEGORY-WISE INCLUSIONS AND EXCLUSIONS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 33
1.3 MARKET SCOPE 34
1.3.1 MARKETS COVERED 34
FIGURE 1 LATERAL FLOW ASSAY COMPONENTS MARKET SEGMENTATION 34
1.3.2 YEARS CONSIDERED FOR THE STUDY 35
1.4 CURRENCY 35
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 35
1.5 STAKEHOLDERS 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH APPROACH 36
FIGURE 2 RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary sources 38
2.1.2.2 Key data from primary sources 39
2.1.2.3 Breakdown of primaries 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE):
BY COMPANY TYPE, DESIGNATION, AND REGION 39
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND SIDE): BY END USER, DESIGNATION, AND REGION 40
2.2 MARKET SIZE ESTIMATION 40
FIGURE 5 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS (2021) 41
FIGURE 6 SUPPLY-SIDE ANALYSIS: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 42
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 44
FIGURE 7 DATA TRIANGULATION METHODOLOGY 45
2.4 KEY INDUSTRY INSIGHTS 46
2.5 LIMITATIONS 46
2.5.1 METHODOLOGY-RELATED LIMITATIONS 46
2.6 RISK ASSESSMENT 47
2.7 ASSUMPTIONS FOR THE STUDY 47
3 EXECUTIVE SUMMARY 48
FIGURE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2022 VS. 2027 (USD MILLION) 48
FIGURE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2022 VS. 2027 (USD MILLION) 49
FIGURE 10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 50
FIGURE 11 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2022 VS. 2027 (USD MILLION) 51
FIGURE 12 GEOGRAPHICAL SNAPSHOT OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 52
4 PREMIUM INSIGHTS 53
4.1 LATERAL FLOW ASSAY COMPONENTS MARKET OVERVIEW 53
FIGURE 13 RISING NUMBER OF LOCAL MANUFACTURERS FOR COMPONENTS IS DRIVING THE GROWTH OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 53
4.2 REGIONAL MIX: LATERAL FLOW ASSAY COMPONENTS MARKET 54
FIGURE 14 APAC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 54
4.3 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE AND COUNTRY 55
FIGURE 15 MEMBRANES ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2021 55
4.4 LATERAL FLOW ASSAY COMPONENTS MARKET: GEOGRAPHICAL GROWTH OPPORTUNITIES 56
4.5 LATERAL FLOW ASSAY COMPONENTS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS: IMPACT ANALYSIS 57
5.2.1 DRIVERS 58
5.2.1.1 Growing demand for lateral flow assay kits due
to the COVID-19 pandemic 58
5.2.1.2 Growing usage of home-based lateral flow assay devices 58
5.2.1.3 Growing demand for point-of-care testing 58
5.2.1.4 Increasing public-private investments to develop lateral flow assays 59
5.2.2 RESTRAINTS 59
5.2.2.1 Availability of alternative diagnostic technologies 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Evolving applications of lateral flow assays 59
5.2.4 CHALLENGES 60
5.2.4.1 Requirement of specialized storage and shipping facilities for membranes 60
5.3 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC) IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
FIGURE 16 YC–YCC SHIFT IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 61
5.5 AVERAGE SELLING PRICE TREND 61
TABLE 2 AVERAGE SELLING PRICE OF LATERAL FLOW ASSAY COMPONENTS,
BY REGION, 2021 (USD) 61
5.6 ECOSYSTEM MARKET MAP 62
FIGURE 17 ECOSYSTEM: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 62
5.7 PATENT ANALYSIS 63
5.7.1 PATENT PUBLICATION TRENDS FOR LATERAL FLOW ASSAYS 63
FIGURE 18 GLOBAL PATENT PUBLICATION TRENDS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2016–2021 64
5.7.2 JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PATENTS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 64
FIGURE 19 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR LATERAL FLOW ASSAYS COMPONENTS, 2016–2021 64
5.8 VALUE CHAIN ANALYSIS 65
5.9 REGULATORY LANDSCAPE 66
TABLE 3 REGULATORY STANDARDS/APPROVALS REQUIRED FOR LATERAL FLOW IMMUNOASSAY PRODUCTS, BY COUNTRY/REGION 66
5.9.1 NORTH AMERICA 66
5.9.2 EUROPE 67
5.9.3 ASIA PACIFIC 67
5.9.3.1 India 67
5.9.3.2 China 67
5.9.3.3 Japan 68
5.10 TECHNOLOGY ANALYSIS 69
5.10.1 KEY TECHNOLOGY: LATERAL FLOW ASSAYS 69
5.11 KEY CONFERENCES & EVENTS DURING 2021–2023 69
TABLE 4 LATERAL FLOW ASSAY COMPONENTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 69
5.12 KEY STAKEHOLDERS & BUYING CRITERIA 70
5.12.1 KEY STAKEHOLDERS IN THE BUYING PROCESS 70
FIGURE 20 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
TABLE 5 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
5.12.2 BUYING CRITERIA 71
FIGURE 21 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
TABLE 6 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
5.13 PORTER’S FIVE FORCES ANALYSIS 72
TABLE 7 LATERAL FLOW ASSAY COMPONENTS MARKET:
PORTER’S FIVE FORCES ANALYSIS 72
5.13.1 THREAT FROM NEW ENTRANTS 72
5.13.2 THREAT FROM SUBSTITUTES 72
5.13.3 BARGAINING POWER OF BUYERS 73
5.13.4 BARGAINING POWER OF SUPPLIERS 73
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 73
6 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE 74
6.1 INTRODUCTION 75
TABLE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 75
6.2 MEMBRANES 75
TABLE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE,
2020–2027 (USD MILLION) 76
TABLE 10 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 76
6.2.1 NITROCELLULOSE MEMBRANES 77
6.2.1.1 Advantages of nitrocellulose membranes such as high protein-binding affinity and compatibility with a wide range of detection methods to drive market growth 77
TABLE 11 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES, BY COUNTRY, 2020–2027 (USD MILLION) 77
TABLE 12 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (1 X 1 M SHEETS), BY REGION, 2020–2027 (IN THOUSANDS) 78
TABLE 13 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (20 MM X 1 M ROLLS), BY REGION, 2020–2027 (IN MILLIONS) 78
6.2.2 OTHER MEMBRANES 78
TABLE 14 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 79
6.3 PADS 80
TABLE 15 EXAMPLES OF DIFFERENT MATERIALS USED IN MANUFACTURING LATERAL FLOW ASSAY PADS 80
TABLE 16 LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 80
TABLE 17 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PADS, BY COUNTRY, 2020–2027 (USD MILLION) 81
6.3.1 SAMPLE PADS 81
6.3.1.1 Ability to promote even and controlled distribution of samples to drive market growth 81
TABLE 18 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SAMPLE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 82
6.3.2 CONJUGATE PADS 82
6.3.2.1 Conjugate pads play an important role in controlling the performance of lateral flow immunoassays 82
TABLE 19 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CONJUGATE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 83
6.3.3 ABSORBENT PADS 84
6.3.3.1 Absorbent pads prevent backflow—a key factor driving market growth 84
TABLE 20 LATERAL FLOW ASSAY COMPONENTS MARKET FOR ABSORBENT PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 84
6.4 OTHER COMPONENTS 84
TABLE 21 OTHER LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 85
7 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION 86
7.1 INTRODUCTION 87
TABLE 22 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 87
7.2 CLINICAL TESTING 87
TABLE 23 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 88
TABLE 24 LATERAL FLOW ASSAYS MARKET FOR CLINICAL TESTING APPLICATIONS,
BY COUNTRY, 2020–2027 (USD MILLION) 88
7.2.1 INFECTIOUS DISEASE TESTING 89
7.2.1.1 Rising demand for infectious disease testing in emerging markets to drive market growth 89
TABLE 25 LATERAL FLOW ASSAY COMPONENTS MARKET FOR INFECTIOUS DISEASE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 89
7.2.2 PREGNANCY & FERTILITY TESTING 90
7.2.2.1 Growing infertility levels due to changing lifestyles—a key factor driving market growth 90
TABLE 26 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PREGNANCY & FERTILITY TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 90
7.2.3 CARDIAC MARKER TESTING 91
7.2.3.1 Rising prevalence of cardiovascular diseases and growing government support to drive growth in this market segment 91
TABLE 27 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CARDIAC MARKER TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 92
7.2.4 CHOLESTEROL TESTING/LIPID PROFILING 92
7.2.4.1 Growing prevalence of obesity and CVD—
a key factor driving market growth 92
TABLE 28 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CHOLESTEROL TESTING/LIPID PROFILING, BY COUNTRY, 2020–2027 (USD MILLION) 93
7.2.5 DRUGS-OF-ABUSE TESTING 93
7.2.5.1 Technological advancements and a growing focus on workplace
drug testing are driving market growth 93
TABLE 29 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUGS-OF-ABUSE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 94
7.2.6 OTHER CLINICAL TESTING APPLICATIONS 94
TABLE 30 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER CLINICAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 95
7.3 VETERINARY DIAGNOSTICS 95
7.3.1 INFECTIOUS DISEASE OUTBREAKS (PARTICULARLY IN LARGE LIVESTOCK ANIMALS) TO DRIVE MARKET GROWTH 95
TABLE 31 LATERAL FLOW ASSAY COMPONENTS MARKET FOR VETERINARY DIAGNOSTIC APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 96
7.4 FOOD SAFETY & ENVIRONMENTAL TESTING 96
7.4.1 HIGH SENSITIVITY AND EASE OF USE ARE KEY FACTORS DRIVING THE DEMAND FOR LATERAL FLOW ASSAYS FOR FOOD SAFETY TESTING 96
TABLE 32 LATERAL FLOW ASSAY COMPONENTS MARKET FOR FOOD SAFETY & ENVIRONMENTAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 97
7.5 DRUG DEVELOPMENT & QUALITY TESTING 97
7.5.1 INCREASING FOCUS ON PRODUCT SAFETY AND QUALITY ASSURANCE TO DRIVE MARKET GROWTH IN THE COMING YEARS 97
TABLE 33 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUG DEVELOPMENT & QUALITY TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 98
8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE 99
8.1 INTRODUCTION 100
TABLE 34 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 100
8.2 SANDWICH ASSAYS 100
8.2.1 SANDWICH ASSAYS PROVIDE HIGHER LEVELS OF ASSAY SENSITIVITY AND SPECIFICITY THAN OTHER ASSAY TECHNIQUES—A KEY FACTOR DRIVING GROWTH IN THIS MARKET SEGMENT 100
TABLE 35 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SANDWICH ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 101
8.3 COMPETITIVE ASSAYS 101
8.3.1 REDUCED SELECTIVITY AND SENSITIVITY OF COMPETITIVE ASSAYS IN RELATION TO SANDWICH ASSAYS COULD HAMPER MARKET GROWTH 101
TABLE 36 LATERAL FLOW ASSAY COMPONENTS MARKET FOR COMPETITIVE ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 102
8.4 MULTIPLEX DETECTION ASSAYS 102
8.4.1 INCREASING ADOPTION OF MULTI-ANALYTE ASSAYS AMONG CLINICIANS TO DRIVE MARKET GROWTH 102
TABLE 37 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MULTIPLEX DETECTION ASSAYS, BY COUNTRY, 2020–2027 (USD MILLION) 103
9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER 104
9.1 INTRODUCTION 105
TABLE 38 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 105
9.2 MEDICAL DEVICE MANUFACTURING COMPANIES 105
9.2.1 INCREASING USE OF POC TESTS IS DRIVING THE ADOPTION OF LATERAL FLOW ASSAY COMPONENTS AMONG MEDICAL DEVICE MANUFACTURING COMPANIES 105
TABLE 39 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE MANUFACTURING COMPANIES, BY COUNTRY, 2020–2027 (USD MILLION) 106
9.3 MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES 106
9.3.1 GROWING INCLINATION TOWARD FAST AND EARLY DIAGNOSIS, ESPECIALLY IN RELATION TO THE CURRENT COVID-19 SCENARIO, WILL DRIVE MARKET GROWTH 106
TABLE 40 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES, BY COUNTRY,
2020–2027 (USD MILLION) 107
10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION 108
10.1 INTRODUCTION 109
FIGURE 22 CHINA TO REGISTER THE HIGHEST GROWTH IN THE LATERAL FLOW ASSAY COMPONENTS MARKET DURING THE FORECAST PERIOD 109
TABLE 41 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION,
2020–2027 (USD MILLION) 110
10.2 NORTH AMERICA 110
TABLE 42 NORTH AMERICA: MACROECONOMIC INDICATORS 110
FIGURE 23 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 111
TABLE 43 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY COUNTRY, 2020–2027 (USD MILLION) 112
TABLE 44 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 112
TABLE 45 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 112
TABLE 46 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 113
TABLE 47 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 113
TABLE 48 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 114
TABLE 49 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 114
TABLE 50 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 115
10.2.1 US 115
10.2.1.1 Increasing R&D investments and venture capital funding from both large and small firms towards the development of lateral flow assay diagnostics to drive market growth in the US 115
TABLE 51 US: MACROECONOMIC INDICATORS 116
TABLE 52 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 116
TABLE 53 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 116
TABLE 54 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 117
TABLE 55 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 117
TABLE 56 US: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 118
TABLE 57 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 118
TABLE 58 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 119
10.2.2 CANADA 119
10.2.2.1 Lateral flow assay components market in Canada is estimated to grow at a relatively lower rate than the US 119
TABLE 59 CANADA: MACROECONOMIC INDICATORS 119
TABLE 60 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 120
TABLE 61 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 120
TABLE 62 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 120
TABLE 63 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 121
TABLE 64 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 121
TABLE 65 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 122
TABLE 66 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 122
10.3 EUROPE 122
TABLE 67 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 123
TABLE 68 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 123
TABLE 69 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 123
TABLE 70 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 124
TABLE 71 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 124
TABLE 72 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 125
TABLE 73 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 125
TABLE 74 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 126
10.3.1 GERMANY 126
10.3.1.1 Growing demand for POC testing to drive the lateral flow assay components market in Germany 126
TABLE 75 GERMANY: MACROECONOMIC INDICATORS 126
TABLE 76 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 127
TABLE 77 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 127
TABLE 78 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 127
TABLE 79 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 128
TABLE 80 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 128
TABLE 81 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 129
TABLE 82 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 129
10.3.2 FRANCE 129
10.3.2.1 High prevalence of age-related chronic diseases and infectious diseases to drive market growth in France 129
TABLE 83 FRANCE: MACROECONOMIC INDICATORS 130
TABLE 84 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 130
TABLE 85 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 130
TABLE 86 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 131
TABLE 87 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 131
TABLE 88 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 132
TABLE 89 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 132
TABLE 90 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 133
10.3.3 UK 133
10.3.3.1 Severe impact of the second wave of COVID-19 in the first half of 2021 resulted in higher adoption of rapid COVID tests in the UK 133
TABLE 91 UK: MACROECONOMIC INDICATORS 134
TABLE 92 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 134
TABLE 93 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 134
TABLE 94 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 135
TABLE 95 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 135
TABLE 96 UK: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 136
TABLE 97 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 136
TABLE 98 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 137
10.3.4 ITALY 137
10.3.4.1 Growing initiatives towards decentralization of medical services in Italy are contributing to the market growth in the country 137
TABLE 99 ITALY: MACROECONOMIC INDICATORS 137
TABLE 100 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 138
TABLE 101 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 138
TABLE 102 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 138
TABLE 103 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 139
TABLE 104 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 139
TABLE 105 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 140
TABLE 106 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 140
10.3.5 SPAIN 140
10.3.5.1 Increasing focus of international organizations and domestic players on the development of POC products in the country to drive market growth 140
TABLE 107 SPAIN: MACROECONOMIC INDICATORS 141
TABLE 108 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 141
TABLE 109 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 142
TABLE 110 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 142
TABLE 111 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 142
TABLE 112 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 143
TABLE 113 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 143
TABLE 114 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 144
10.3.6 REST OF EUROPE 144
TABLE 115 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 144
TABLE 116 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 145
TABLE 117 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 145
TABLE 118 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 145
TABLE 119 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 146
TABLE 120 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 146
TABLE 121 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 147
10.4 ASIA PACIFIC 147
FIGURE 24 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 148
TABLE 122 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 149
TABLE 123 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 149
TABLE 124 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 149
TABLE 125 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 150
TABLE 126 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 150
TABLE 127 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 151
TABLE 128 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 151
TABLE 129 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 152
10.4.1 CHINA 152
10.4.1.1 Higher exports of lateral flow assay components during the COVID-19 pandemic to drive market growth in the country 152
TABLE 130 CHINA: MACROECONOMIC INDICATORS 153
TABLE 131 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 153
TABLE 132 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 153
TABLE 133 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 154
TABLE 134 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 154
TABLE 135 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 155
TABLE 136 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 155
TABLE 137 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 156
10.4.2 JAPAN 156
10.4.2.1 Increasing prevalence of age-related illnesses driving the growth of the lateral flow assay components market in Japan 156
TABLE 138 JAPAN: MACROECONOMIC INDICATORS 157
TABLE 139 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 157
TABLE 140 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 157
TABLE 141 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 158
TABLE 142 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 158
TABLE 143 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 159
TABLE 144 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 159
TABLE 145 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 160
10.4.3 INDIA 160
10.4.3.1 Increasing number of local manufacturers, growing healthcare concerns, and rising income levels to propel the growth of this market 160
TABLE 146 INDIA: MACROECONOMIC INDICATORS 160
TABLE 147 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 161
TABLE 148 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 161
TABLE 149 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 161
TABLE 150 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 162
TABLE 151 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 162
TABLE 152 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 163
TABLE 153 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 163
10.4.4 AUSTRALIA 164
10.4.4.1 Increasing prevalence of infectious diseases, especially influenza, to drive the growth of the lateral flow assay components market in Australia 164
TABLE 154 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 164
TABLE 155 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 164
TABLE 156 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 165
TABLE 157 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 165
TABLE 158 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 166
TABLE 159 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 166
TABLE 160 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 167
10.4.5 REST OF ASIA PACIFIC 167
TABLE 161 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 167
TABLE 162 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 168
TABLE 163 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 168
TABLE 164 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 168
TABLE 165 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 169
TABLE 166 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 169
TABLE 167 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 170
10.5 LATIN AMERICA 170
10.5.1 HIGH DEMAND FOR HIV POC DEVICES IN THE REGION TO SUPPORT THE GROWTH OF THE MARKET 170
TABLE 168 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 171
TABLE 169 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 171
TABLE 170 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD
TYPE, 2020–2027 (USD MILLION) 171
TABLE 171 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 172
TABLE 172 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 172
TABLE 173 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 173
TABLE 174 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 173
10.6 MIDDLE EAST & AFRICA 173
10.6.1 SIGNIFICANT SUPPORT FROM GOVERNMENTS AND GLOBAL FIRMS TOWARDS EXPANDING HEALTHCARE SERVICES DRIVES THE ADOPTION OF LATERAL FLOW ASSAYS 173
TABLE 175 MIDDLE EAST & AFRICA: MACROECONOMIC INDICATORS 174
TABLE 176 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TYPE, 2020–2027 (USD MILLION) 174
TABLE 177 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 175
TABLE 178 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 175
TABLE 179 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 175
TABLE 180 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 176
TABLE 181 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 176
TABLE 182 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 177
11 COMPETITIVE LANDSCAPE 178
11.1 OVERVIEW 178
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 178
FIGURE 25 OVERVIEW OF STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
11.3 REVENUE SHARE ANALYSIS FOR KEY PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
FIGURE 26 REVENUE SHARE ANALYSIS FOR THE KEY PLAYERS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 180
11.4 MARKET SHARE ANALYSIS 180
FIGURE 27 LATERAL FLOW ASSAY COMPONENTS MARKET SHARE ANALYSIS, BY KEY PLAYER (2021) 181
TABLE 183 LATERAL FLOW ASSAY COMPONENTS MARKET: DEGREE OF COMPETITION 182
11.5 R&D ASSESSMENT OF KEY PLAYERS 183
FIGURE 28 R&D EXPENDITURE: MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2018 VS. 2020 183
11.6 GEOGRAPHIC REVENUE ASSESSMENT OF KEY PLAYERS 183
FIGURE 29 GEOGRAPHIC REVENUE ASSESSMENT: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 184
11.7 COMPANY EVALUATION QUADRANT 184
11.7.1 STARS 184
11.7.2 PERVASIVE PLAYERS 184
11.7.3 EMERGING LEADERS 185
11.7.4 PARTICIPANTS 185
FIGURE 30 LATERAL FLOW ASSAY COMPONENTS MARKET: COMPANY EVALUATION MATRIX, 2021 185
11.8 COMPETITIVE BENCHMARKING 186
11.8.1 OVERALL COMPANY FOOTPRINT 186
TABLE 184 OVERALL COMPANY FOOTPRINT (17 COMPANIES) 186
TABLE 185 COMPANY FOOTPRINT: BY TYPE (17 COMPANIES) 187
TABLE 186 COMPANY FOOTPRINT: BY REGION (17 COMPANIES) 188
11.9 COMPETITIVE SCENARIO 188
11.9.1 DEALS 189
TABLE 187 DEALS, JANUARY 2019–FEBRUARY 2022 189
11.9.2 OTHER DEVELOPMENTS 189
TABLE 188 OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2022 189
12 COMPANY PROFILES 190
12.1 KEY PLAYERS 190
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 DANAHER CORPORATION (PALL CORPORATION AND CYTIVA LIFE SCIENCE) 190
TABLE 189 DANAHER CORPORATION: BUSINESS OVERVIEW 190
FIGURE 31 DANAHER CORPORATION: COMPANY SNAPSHOT (2020) 191
12.1.2 SARTORIUS STEDIM BIOTECH 195
TABLE 190 SARTORIUS STEDIM BIOTECH: BUSINESS OVERVIEW 195
12.1.3 MERCK KGAA 199
TABLE 191 MERCK KGAA: BUSINESS OVERVIEW 199
FIGURE 33 MERCK KGAA: COMPANY SNAPSHOT (2020) 200
12.1.4 AHLSTROM-MUNKSJÖ 204
TABLE 192 AHLSTROM-MUNKSJÖ: BUSINESS OVERVIEW 204
FIGURE 34 AHLSTROM-MUNKSJÖ: COMPANY SNAPSHOT (2020) 205
12.1.5 ADVANCED MICRODEVICES PVT. LTD. 208
TABLE 193 ADVANCED MICRODEVICES PVT. LTD.: BUSINESS OVERVIEW 208
12.1.6 DCN DIAGNOSTICS 210
TABLE 194 DCN DIAGNOSTICS: BUSINESS OVERVIEW 210
12.2 OTHER PLAYERS 211
12.2.1 FORTIS LIFE SCIENCES 211
TABLE 195 FORTIS LIFE SCIENCES: BUSINESS OVERVIEW 211
12.2.2 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD 212
TABLE 196 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD.:
BUSINESS OVERVIEW 212
12.2.3 AXIVA SICHEM BIOTECH 214
TABLE 197 AXIVA SICHEM BIOTECH: BUSINESS OVERVIEW 214
12.2.4 NUPORE FILTRATION SYSTEM 216
TABLE 198 NUPORE FILTRATION SYSTEM: BUSINESS OVERVIEW 216
12.2.5 BALLYA BIO 217
TABLE 199 BALLYA BIO: BUSINESS OVERVIEW 217
12.2.6 RUNBIO BIOTECH CO. LTD. 219
TABLE 200 RUNBIO BIOTECH CO. LTD.: BUSINESS OVERVIEW 219
12.2.7 NEENAH GESSNER 220
TABLE 201 NEENAH GESSNER: BUSINESS OVERVIEW 220
12.2.8 MAXIM BIOMEDICAL 221
TABLE 202 MAXIM BIOMEDICAL: BUSINESS OVERVIEW 221
12.2.9 CYTODIAGNOSTICS 222
TABLE 203 CYTODIAGNOSTICS: BUSINESS OVERVIEW 222
12.2.10 SENOVA GMBH 223
TABLE 204 SENOVA GMBH: BUSINESS OVERVIEW 223
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 224
13.1 DISCUSSION GUIDE 224
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 229
13.3 AVAILABLE CUSTOMIZATIONS 231
13.4 RELATED REPORTS 231
13.5 AUTHOR DETAILS 232
MarketsandMarkets