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TABLE OF CONTENTS
1 INTRODUCTION 26
1.1 OBJECTIVES OF THE STUDY 26
1.2 MARKET DEFINITION 26
1.3 INCLUSIONS AND EXCLUSIONS 26
1.3.1 MARKETS COVERED 27
FIGURE 1 MEDICAL ROBOTS MARKET SEGMENTATION 27
1.3.2 YEARS CONSIDERED FOR THE REPORT 27
1.4 CURRENCY 28
1.5 LIMITATIONS 28
1.6 STAKEHOLDERS 28
1.7 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
2.2 RESEARCH METHODOLOGY STEPS 30
FIGURE 2 RESEARCH METHODOLOGY: MEDICAL ROBOTS MARKET 30
FIGURE 3 RESEARCH DESIGN 31
2.2.1 SECONDARY DATA 31
2.2.1.1 KEY DATA FROM SECONDARY SOURCES 32
2.2.2 PRIMARY DATA 33
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 33
FIGURE 5 PRIMARY SOURCES 34
2.2.2.1 KEY DATA FROM PRIMARY SOURCES 34
2.3 MARKET SIZE ESTIMATION METHODOLOGY 35
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 35
FIGURE 7 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 36
FIGURE 8 REVENUE-BASED MARKET SIZE ESTIMATION: IV COMPOUNDING ROBOTS MARKET 36
2.4 MARKET DATA ESTIMATION AND TRIANGULATION 37
FIGURE 9 DATA TRIANGULATION METHODOLOGY 37
2.5 ASSUMPTIONS FOR THE STUDY 38
2.6 COVID-19-SPECIFIC ASSUMPTIONS 38
3 EXECUTIVE SUMMARY 39
FIGURE 10 MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020 VS. 2025 39
FIGURE 11 MEDICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020 VS. 2025 40
FIGURE 12 MEDICAL ROBOTS MARKET, BY APPLICATION, 2020 VS. 2025 40
FIGURE 13 MEDICAL ROBOTS MARKET, BY END USER, 2020 VS. 2025 41
FIGURE 14 GEOGRAPHICAL SNAPSHOT OF THE MEDICAL ROBOTS MARKET 42
4 PREMIUM INSIGHTS 43
4.1 GLOBAL MEDICAL ROBOTS MARKET OVERVIEW 43
FIGURE 15 ADVANTAGES OF MEDICAL ROBOTS HAVE DRIVEN THEIR ADOPTION 43
4.2 NORTH AMERICA: MEDICAL ROBOTS MARKET, 2019 44
FIGURE 16 INSTRUMENTS & ACCESSORIES ACCOUNTED FOR THE LARGEST SHARE OF THE NORTH AMERICAN MEDICAL ROBOTS MARKET IN 2019 44
4.3 MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE 44
FIGURE 17 INSTRUMENTS & ACCESSORIES TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2020 44
4.4 MEDICAL ROBOTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 45
FIGURE 18 ASIA PACIFIC MARKET TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 19 MEDICAL ROBOTS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES 46
5.2.1 DRIVERS 47
5.2.1.1 ADVANTAGES OF ROBOT-ASSISTED SURGERY & TRAINING IN REHABILITATION THERAPY 47
5.2.1.2 TECHNOLOGICAL ADVANCEMENTS 47
TABLE 1 TECHNOLOGICAL ADVANCEMENTS IN MEDICAL ROBOTS 48
5.2.1.3 IMPROVING REIMBURSEMENT SCENARIO 49
5.2.1.4 INCREASING ADOPTION OF SURGICAL ROBOTS 49
5.2.1.5 INCREASE IN FUNDING FOR MEDICAL ROBOT RESEARCH 49
5.2.2 RESTRAINTS 50
5.2.2.1 HIGH COST OF ROBOTIC SYSTEMS 50
5.2.3 OPPORTUNITIES 50
5.2.3.1 INCREASING PENETRATION OF SURGICAL ROBOTS IN ASCS 50
5.2.3.2 EMERGING MARKETS 51
5.3 IMPACT OF COVID-19 ON THE MEDICAL ROBOTS MARKET 52
FIGURE 20 IMPACT OF COVID-19 ON THE MEDICAL ROBOTS MARKET 53
5.4 ECOSYSTEM 53
FIGURE 21 MEDICAL ROBOTS MARKET: ECOSYSTEM 54
5.5 TECHNOLOGY ANALYSIS 54
TABLE 2 DIGITAL TECHNOLOGY ENABLERS, THEIR BENEFITS, AND EXAMPLES
IN THE MARKET 54
6 MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE 56
6.1 INTRODUCTION 57
TABLE 3 MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 57
TABLE 4 ROBOTIC SYSTEMS MARKET, BY KEY PLAYER, 2018–2025 (UNITS) 57
6.2 INSTRUMENTS & ACCESSORIES 58
6.2.1 RECURRENT PURCHASE OF INSTRUMENTS & ACCESSORIES FOR EACH SURGICAL PROCEDURE TO DRIVE GROWTH IN THIS SEGMENT 58
TABLE 5 MEDICAL ROBOT INSTRUMENTS & ACCESSORIES MARKET, BY REGION, 2020–2025 (USD MILLION) 58
TABLE 6 NORTH AMERICA: MEDICAL ROBOT INSTRUMENTS & ACCESSORIES MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 58
TABLE 7 EUROPE: MEDICAL ROBOT INSTRUMENTS & ACCESSORIES MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 59
TABLE 8 APAC: MEDICAL ROBOT INSTRUMENTS & ACCESSORIES MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 59
6.3 ROBOTIC SYSTEMS 59
TABLE 9 MEDICAL ROBOTS PRICING 60
TABLE 10 ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 61
TABLE 11 ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (UNITS) 61
TABLE 12 ROBOTIC SYSTEMS MARKET, BY REGION, 2018–2025 (USD MILLION) 62
TABLE 13 NORTH AMERICA: ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 62
TABLE 14 EUROPE: ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 62
TABLE 15 APAC: ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 63
6.3.1 SURGICAL ROBOTIC SYSTEMS 63
6.3.1.1 INCREASING NUMBER OF LAPAROSCOPIC SURGERIES GLOBALLY TO DRIVE THE GROWTH OF THIS MARKET 63
TABLE 16 SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 63
TABLE 17 SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (UNITS) 64
TABLE 18 SURGICAL ROBOTIC SYSTEMS MARKET, BY REGION,
2018–2025 (USD MILLION) 64
TABLE 19 NORTH AMERICA: SURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 64
TABLE 20 EUROPE: SURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 65
TABLE 21 APAC: SURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 65
6.3.1.2 LAPAROSCOPY ROBOTIC SYSTEMS 65
6.3.1.3 ORTHOPEDIC ROBOTIC SYSTEMS 65
6.3.1.4 NEUROSURGICAL ROBOTIC SYSTEMS 66
6.3.2 HOSPITAL & PHARMACY ROBOTIC SYSTEMS 66
6.3.2.1 REDUCED ERROR RATE AND INCREASED EFFICIENCY PROVIDED BY ROBOTS DRIVE THEIR ADOPTION 66
TABLE 22 HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 67
TABLE 23 HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (UNITS) 67
TABLE 24 HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY REGION,
2018–2025 (USD MILLION) 67
TABLE 25 NORTH AMERICA: HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 68
TABLE 26 EUROPE: HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 68
TABLE 27 APAC: HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 68
6.3.3 REHABILITATION ROBOTIC SYSTEMS 69
6.3.3.1 INCREASING NUMBER OF MARKET PLAYERS OFFERING REHABILITATION ROBOTS TO DRIVE THE GROWTH OF THIS MARKET 69
TABLE 28 REHABILITATION ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 69
TABLE 29 REHABILITATION ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2025 (UNITS) 69
TABLE 30 REHABILITATION ROBOTIC SYSTEMS MARKET, BY REGION,
2018–2025 (USD MILLION) 70
TABLE 31 NORTH AMERICA: REHABILITATION ROBOTIC SYSTEMS MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 70
TABLE 32 EUROPE: REHABILITATION ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 70
TABLE 33 APAC: REHABILITATION ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 71
6.3.3.2 THERAPEUTIC ROBOTIC SYSTEMS 71
6.3.3.3 ASSISTIVE ROBOTIC SYSTEMS 71
6.3.3.4 EXOSKELETON ROBOTIC SYSTEMS 72
6.3.3.5 OTHER REHABILITATION ROBOTIC SYSTEMS 72
6.3.4 NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS 72
6.3.4.1 GROWING FOCUS ON ADOPTING ADVANCED SYSTEMS AND INSTRUMENTS IS A KEY DRIVER OF MARKET GROWTH 72
TABLE 34 NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS MARKET, BY REGION, 2020–2025 (USD MILLION) 73
TABLE 35 NORTH AMERICA: NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 73
TABLE 36 EUROPE: NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 73
TABLE 37 APAC: NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 74
6.3.5 OTHER ROBOTIC SYSTEMS 74
TABLE 38 OTHER ROBOTIC SYSTEMS MARKET, BY REGION, 2018–2025 (USD MILLION) 74
TABLE 39 NORTH AMERICA: OTHER ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 75
TABLE 40 EUROPE: OTHER ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 75
TABLE 41 APAC: OTHER ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 75
6.4 SERVICES 76
6.4.1 RECURRING REVENUE PER INSTALLATION AND PER PROCEDURE TO OFFER GROWTH OPPORTUNITIES 76
TABLE 42 MEDICAL ROBOT SERVICES MARKET, BY REGION,
2018–2025 (USD MILLION) 76
TABLE 43 NORTH AMERICA: MEDICAL ROBOT SERVICES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 76
TABLE 44 EUROPE: MEDICAL ROBOT SERVICES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 77
TABLE 45 APAC: MEDICAL ROBOT SERVICES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 77
7 MEDICAL ROBOTS MARKET, BY APPLICATION 78
7.1 INTRODUCTION 79
TABLE 46 MEDICAL ROBOTS MARKET, BY APPLICATION, 2018–2025 (USD MILLION) 79
7.2 LAPAROSCOPY 79
7.2.1 INCREASING NUMBER OF SURGICAL PROCEDURES CONDUCTED TO DRIVE THE MARKET GROWTH 79
TABLE 47 MEDICAL ROBOTS MARKET FOR LAPAROSCOPY, BY REGION,
2020–2025 (USD MILLION) 80
TABLE 48 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR LAPAROSCOPY,
BY COUNTRY, 2018–2025 (USD MILLION) 81
TABLE 49 EUROPE: MEDICAL ROBOTS MARKET FOR LAPAROSCOPY, BY COUNTRY, 2018–2025 (USD MILLION) 81
TABLE 50 APAC MEDICAL ROBOTS MARKET FOR LAPAROSCOPY, BY COUNTRY,
2018–2025 (USD MILLION) 81
7.3 ORTHOPEDIC SURGERY 82
7.3.1 HIGH IMPLANTATION AND PLACEMENT ACCURACY OF SURGICAL ROBOTS IN ORTHOPEDIC PROCEDURES SUPPORTS MARKET GROWTH 82
TABLE 51 MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY REGION,
2020–2025 (USD MILLION) 82
TABLE 52 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY COUNTRY, 2020–2025 (USD MILLION) 82
TABLE 53 EUROPE: MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY,
BY COUNTRY, 2018–2025 (USD MILLION) 83
TABLE 54 APAC: MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY COUNTRY, 2018–2025 (USD MILLION) 83
7.4 PHARMACY APPLICATIONS 83
7.4.1 FOCUS OF HOSPITALS AND PHARMACIES TO REDUCE MEDICATION ERRORS AND INCREASE EFFICIENCY DRIVE THE MARKET GROWTH 83
TABLE 55 MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS, BY REGION, 2018–2025 (USD MILLION) 84
TABLE 56 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS, BY COUNTRY, 2020–2025 (USD MILLION) 84
TABLE 57 EUROPE: MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS,
BY COUNTRY, 2018–2025 (USD MILLION) 85
TABLE 58 APAC: MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS,
BY COUNTRY, 2018–2025 (USD MILLION) 85
7.5 PHYSICAL REHABILITATION 85
7.5.1 INCREASING INCIDENCE OF STROKES & SPINAL CORD INJURY WILL FAVOR DEMAND FOR ROBOTS 85
TABLE 59 MEDICAL ROBOTS MARKET FOR PHYSICAL REHABILITATION THERAPY,
BY REGION, 2018–2025 (USD MILLION) 86
TABLE 60 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR PHYSICAL REHABILITATION, BY COUNTRY, 2020–2025 (USD MILLION) 86
TABLE 61 EUROPE: MEDICAL ROBOTS MARKET FOR PHYSICAL REHABILITATION,
BY COUNTRY, 2018–2025 (USD MILLION) 86
TABLE 62 APAC: MEDICAL ROBOTS MARKET FOR PHYSICAL REHABILITATION,
BY COUNTRY, 2018–2025 (USD MILLION) 87
7.6 EXTERNAL BEAM RADIATION THERAPY 87
7.6.1 EARLY DETECTION OF CANCER CASES IN DEVELOPED ECONOMIES TO DRIVE THE DEMAND FOR EBRT 87
TABLE 63 MEDICAL ROBOTS MARKET FOR EXTERNAL BEAM RADIATION THERAPY,
BY REGION, 2018–2025 (USD MILLION) 88
TABLE 64 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR EXTERNAL BEAM RADIATION THERAPY, BY COUNTRY, 2020–2025 (USD MILLION) 88
TABLE 65 EUROPE: MEDICAL ROBOTS MARKET FOR EXTERNAL BEAM RADIATION THERAPY, BY COUNTRY, 2018–2025 (USD MILLION) 88
TABLE 66 APAC: MEDICAL ROBOTS MARKET FOR EXTERNAL BEAM RADIATION THERAPY, BY COUNTRY, 2018–2025 (USD MILLION) 89
7.7 NEUROSURGERY 89
7.7.1 INCREASING PREVALENCE OF NEUROLOGICAL DISORDERS TO FUEL
MARKET GROWTH 89
TABLE 67 MEDICAL ROBOTS MARKET FOR NEUROSURGERY, BY REGION,
2020–2025 (USD MILLION) 89
TABLE 68 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR NEUROSURGERY,
BY COUNTRY, 2020–2025 (USD MILLION) 90
TABLE 69 EUROPE: MEDICAL ROBOTS MARKET FOR NEUROSURGERY, BY COUNTRY, 2018–2025 (USD MILLION) 90
TABLE 70 APAC: MEDICAL ROBOTS MARKET FOR NEUROSURGERY, BY COUNTRY, 2018–2025 (USD MILLION) 90
7.8 OTHER APPLICATIONS 91
TABLE 71 MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS, BY REGION,
2018–2025 (USD MILLION) 91
TABLE 72 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS,
BY COUNTRY, 2020–2025 (USD MILLION) 91
TABLE 73 EUROPE: MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS,
BY COUNTRY, 2018–2025 (USD MILLION) 92
TABLE 74 APAC: MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION) 92
8 MEDICAL ROBOTS MARKET, BY END USER 93
8.1 INTRODUCTION 94
TABLE 75 MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 94
8.2 HOSPITALS 94
8.2.1 ROBOT-ASSISTED SURGERIES ENABLE HOSPITALS TO LOWER PRE- AND POST-OPERATIVE CARE COSTS 94
TABLE 76 LIST OF RECENTLY INSTALLED SURGICAL ROBOT SYSTEMS IN HOSPITALS ACROSS THE GLOBE 95
TABLE 77 MEDICAL ROBOTS MARKET FOR HOSPITALS, BY REGION,
2018–2025 (USD MILLION) 95
TABLE 78 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR HOSPITALS, BY COUNTRY, 2018–2025 (USD MILLION) 96
TABLE 79 EUROPE: MEDICAL ROBOTS MARKET FOR HOSPITALS, BY COUNTRY,
2018–2025 (USD MILLION) 96
TABLE 80 APAC: MEDICAL ROBOTS MARKET FOR HOSPITALS, BY COUNTRY,
2018–2025 (USD MILLION) 96
8.3 AMBULATORY SURGERY CENTERS 97
8.3.1 RISE IN THE NUMBER OF OUTPATIENT SURGERIES TO SUPPORT
MARKET GROWTH 97
TABLE 81 MEDICAL ROBOTS MARKET FOR AMBULATORY SURGERY CENTERS,
BY REGION, 2018–2025 (USD MILLION) 97
TABLE 82 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR AMBULATORY SURGERY CENTERS, BY COUNTRY, 2018–2025 (USD MILLION) 98
TABLE 83 EUROPE: MEDICAL ROBOTS MARKET FOR AMBULATORY SURGERY CENTERS, BY COUNTRY, 2018–2025 (USD MILLION) 98
TABLE 84 APAC: MEDICAL ROBOTS MARKET FOR AMBULATORY SURGERY CENTERS,
BY COUNTRY, 2018–2025 (USD MILLION) 98
8.4 REHABILITATION CENTERS 99
8.4.1 INCREASING INCIDENCE OF DISABILITIES TO SUPPORT THE GROWTH OF REHAB CENTERS 99
TABLE 85 MEDICAL ROBOTS MARKET FOR REHABILITATION CENTERS, BY REGION, 2018–2025 (USD MILLION) 99
TABLE 86 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR REHABILITATION CENTERS, BY COUNTRY, 2018–2025 (USD MILLION) 99
TABLE 87 EUROPE: MEDICAL ROBOTS MARKET FOR REHABILITATION CENTERS,
BY COUNTRY, 2018–2025 (USD MILLION) 100
TABLE 88 APAC: MEDICAL ROBOTS MARKET FOR REHABILITATION CENTERS,
BY COUNTRY, 2018–2025 (USD MILLION) 100
8.5 OTHER END USERS 100
TABLE 89 MEDICAL ROBOTS MARKET FOR OTHER END USERS, BY REGION,
2018–2025 (USD MILLION) 101
TABLE 90 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR OTHER END USERS,
BY COUNTRY, 2018–2025 (USD MILLION) 101
TABLE 91 EUROPE: MEDICAL ROBOTS MARKET FOR OTHER END USERS, BY COUNTRY, 2018–2025 (USD MILLION) 102
TABLE 92 APAC: MEDICAL ROBOTS MARKET FOR OTHER END USERS, BY COUNTRY, 2018–2025 (USD MILLION) 102
9 MEDICAL ROBOTS MARKET, BY REGION 103
9.1 INTRODUCTION 104
FIGURE 22 NORTH AMERICA TO DOMINATE THE MEDICAL ROBOTS MARKET DURING THE FORECAST PERIOD 104
TABLE 93 MEDICAL ROBOTS MARKET, BY REGION, 2018–2025 (USD MILLION) 104
9.2 NORTH AMERICA 105
FIGURE 23 NORTH AMERICA: MEDICAL ROBOTS MARKET SNAPSHOT 105
TABLE 94 NORTH AMERICA: MEDICAL ROBOTS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 106
TABLE 95 NORTH AMERICA: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2018–2025 (USD MILLION) 106
TABLE 96 NORTH AMERICA: ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 106
TABLE 97 NORTH AMERICA: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 107
TABLE 98 NORTH AMERICA: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 107
9.2.1 US 107
9.2.1.1 THE US HOLDS THE LARGEST SHARE OF THE NORTH AMERICAN MARKET 107
TABLE 99 US: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 108
TABLE 100 US: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 108
TABLE 101 US: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 109
TABLE 102 US: MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 109
9.2.2 CANADA 109
9.2.2.1 INCREASED USE OF SURGICAL ROBOTS IN PEDIATRIC APPLICATIONS TO DRIVE MARKET GROWTH IN CANADA 109
TABLE 103 CANADA: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 110
TABLE 104 CANADA: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 110
TABLE 105 CANADA: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 111
TABLE 106 CANADA: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 111
9.3 EUROPE 112
TABLE 107 EUROPE: MEDICAL ROBOTS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 112
TABLE 108 EUROPE: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 112
TABLE 109 EUROPE: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 113
TABLE 110 EUROPE: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 114
TABLE 111 EUROPE: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 114
9.3.1 GERMANY 114
9.3.1.1 GERMANY TO WITNESS THE HIGHEST GROWTH IN THE EUROPEAN MEDICAL ROBOTS MARKET 114
TABLE 112 GERMANY: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 115
TABLE 113 GERMANY: ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 115
TABLE 114 GERMANY: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 116
TABLE 115 GERMANY: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 116
9.3.2 ITALY 116
9.3.2.1 INCREASING NUMBER OF ROBOTIC SURGICAL SYSTEMS INSTALLED IN THE COUNTRY TO PROPEL MARKET GROWTH 116
TABLE 116 ITALY: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 117
TABLE 117 ITALY: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 117
TABLE 118 ITALY: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 118
TABLE 119 ITALY: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 118
9.3.3 FRANCE 118
9.3.3.1 HIGHER ADOPTION OF MIS TO SUPPORT MARKET GROWTH IN THE COUNTRY 118
TABLE 120 FRANCE: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 119
TABLE 121 FRANCE: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 119
TABLE 122 FRANCE: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 120
TABLE 123 FRANCE: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 120
9.3.4 UK 120
9.3.4.1 UK HAS REGISTERED AN INCREASE IN THE NUMBER OF ROBOTIC SURGICAL PROCEDURES PERFORMED 120
TABLE 124 UK: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 121
TABLE 125 UK: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 121
TABLE 126 UK: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 122
TABLE 127 UK: MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 122
9.3.5 SPAIN 122
9.3.5.1 INCREASING IMPLEMENTATION AND DEVELOPMENT OF MEDICAL ROBOTIC PROGRAMS IN SPAIN TO DRIVE MARKET GROWTH 122
TABLE 128 SPAIN: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 123
TABLE 129 SPAIN: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 123
TABLE 130 SPAIN: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 123
TABLE 131 SPAIN: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 124
9.3.6 ROE 124
TABLE 132 ROE: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 124
TABLE 133 ROE: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 125
TABLE 134 ROE: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 125
TABLE 135 ROE: MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 125
9.4 ASIA PACIFIC 126
FIGURE 24 ASIA PACIFIC: MEDICAL ROBOTS MARKET SNAPSHOT 126
TABLE 136 ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 127
TABLE 137 ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 127
TABLE 138 ASIA PACIFIC: ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 127
TABLE 139 ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 128
TABLE 140 ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 128
9.4.1 JAPAN 128
9.4.1.1 JAPAN DOMINATES THE APAC MEDICAL ROBOTS MARKET 128
TABLE 141 JAPAN: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 129
TABLE 142 JAPAN: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 129
TABLE 143 JAPAN: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 130
TABLE 144 JAPAN: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 130
9.4.2 CHINA 130
9.4.2.1 CHINA TO BE THE FASTEST-GROWING COUNTRY IN THE ASIA PACIFIC SURGICAL ROBOTS MARKET 130
TABLE 145 CHINA: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 131
TABLE 146 CHINA: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 131
TABLE 147 CHINA: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 132
TABLE 148 CHINA: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 132
9.4.3 INDIA 132
9.4.3.1 HUGE PATIENT POPULATION TO SUPPORT MARKET GROWTH 132
TABLE 149 INDIA: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 133
TABLE 150 INDIA: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 133
TABLE 151 INDIA: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 134
TABLE 152 INDIA: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 134
9.4.4 REST OF ASIA PACIFIC 134
TABLE 153 ROAPAC: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 135
TABLE 154 ROAPAC: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 135
TABLE 155 ROAPAC: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 136
TABLE 156 ROAPAC: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 136
9.5 REST OF THE WORLD 136
TABLE 157 ROW: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 137
TABLE 158 ROW: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 137
TABLE 159 ROW: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 138
TABLE 160 ROW: MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 138
10 COMPETITIVE LANDSCAPE 139
10.1 INTRODUCTION 139
10.2 MARKET EVALUATION FRAMEWORK 139
FIGURE 25 MARKET EVALUATION FRAMEWORK 139
10.3 MARKET RANKING/SHARE ANALYSIS 140
10.3.1 OVERALL MEDICAL ROBOTS MARKET SHARE ANALYSIS 140
FIGURE 26 MEDICAL ROBOTS MARKET SHARE, BY KEY PLAYER, 2019 140
FIGURE 27 INTUITIVE SURGICAL PRODUCT MIX, 2019 141
10.3.2 SURGICAL ROBOTS MARKET SHARE ANALYSIS 142
FIGURE 28 SURGICAL ROBOTS MARKET SHARE, BY KEY PLAYER, 2019 142
10.3.3 HOSPITAL & PHARMACY ROBOTS MARKET SHARE ANALYSIS 142
FIGURE 29 MEDICATION DISPENSING ROBOTS MARKET SHARE, BY KEY PLAYER, 2019 142
FIGURE 30 IV ROBOTIC SYSTEMS MARKET SHARE, BY KEY PLAYER, 2019 143
10.3.4 REHABILITATION ROBOTS MARKET SHARE ANALYSIS 143
FIGURE 31 REHABILITATION ROBOTS MARKET SHARE, BY KEY PLAYER, 2019 143
10.3.5 RADIOSURGERY ROBOTIC SYSTEMS MARKET SHARE ANALYSIS 143
10.4 KEY MARKET DEVELOPMENTS 144
10.4.1 PRODUCT LAUNCHES & APPROVALS 144
TABLE 161 KEY PRODUCT LAUNCHES & APPROVALS, 2018–2020 144
10.4.2 DEALS 145
TABLE 162 KEY DEALS, 2017–2020 145
10.4.3 OTHER DEVELOPMENTS 146
TABLE 163 OTHER KEY DEVELOPMENTS, 2017–2020 146
11 COMPANY EVALUATION MATRIX AND COMPANY PROFILES 147
11.1 INTRODUCTION 147
11.2 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY 147
TABLE 164 COMPANY EVALUATION MATRIX: CRITERIA 147
11.2.1 STARS 148
11.2.2 EMERGING LEADERS 148
11.2.3 PERVASIVE PLAYERS 148
11.2.4 EMERGING COMPANIES 148
FIGURE 32 MEDICAL ROBOTS MARKET COMPANY EVALUATION MATRIX, 2019 149
11.3 COMPETITIVE LEADERSHIP MAPPING (EMERGING PLAYERS) 150
11.3.1 PROGRESSIVE COMPANIES 150
11.3.2 STARTING/EMERGING BLOCKS 150
11.3.3 RESPONSIVE COMPANIES 150
11.3.4 DYNAMIC COMPANIES 150
FIGURE 33 MEDICAL ROBOTS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, EMERGING PLAYERS, 2019 151
11.4 COMPANY PROFILES 152
(BUSINESS OVERVIEW, PRODUCTS & SERVICES OFFERED, RECENT DEVELOPMENTS, MNM VIEW)*
11.4.1 INTUITIVE SURGICAL 152
FIGURE 34 INTUITIVE SURGICAL: COMPANY SNAPSHOT (2019) 152
11.4.2 STRYKER CORPORATION 155
FIGURE 35 STRYKER CORPORATION: COMPANY SNAPSHOT (2019) 155
11.4.3 ACCURAY 157
FIGURE 36 ACCURAY: COMPANY SNAPSHOT (2019) 157
11.4.4 BECTON, DICKINSON AND COMPANY 160
FIGURE 37 BECTON, DICKINSON AND COMPANY: COMPANY SNAPSHOT (2019) 160
11.4.5 MEDTRONIC 162
FIGURE 38 MEDTRONIC: COMPANY SNAPSHOT (2019) 162
11.4.6 OMNICELL 164
FIGURE 39 OMNICELL: COMPANY SNAPSHOT (2019) 164
11.4.7 ZIMMER BIOMET 167
FIGURE 40 ZIMMER BIOMET: COMPANY SNAPSHOT (2019) 167
11.4.8 SMITH & NEPHEW 169
FIGURE 41 SMITH & NEPHEW: COMPANY SNAPSHOT (2019) 169
11.4.9 HOCOMA AG 171
11.4.10 CYBERDYNE 173
FIGURE 42 CYBERDYNE: COMPANY SNAPSHOT (2019) 173
11.4.11 EKSO BIONICS 175
FIGURE 43 EKSO BIONICS: COMPANY SNAPSHOT (2019) 175
11.4.12 ARXIUM 178
11.4.13 TRANSENTERIX 179
FIGURE 44 TRANSENTERIX: COMPANY SNAPSHOT (2019) 179
11.4.14 REWALK ROBOTICS 181
FIGURE 45 REWALK ROBOTICS: COMPANY SNAPSHOT (2019) 181
11.4.15 CMR SURGICAL 183
11.4.16 RENISHAW 184
FIGURE 46 RENISHAW: COMPANY SNAPSHOT (2019) 184
11.4.17 GOLLMANN KOMMISSIONIERSYSTEME GMBH 186
11.4.18 BIONIK LABORATORIES CORP. 187
FIGURE 47 BIONIK LABORATORIES CORP: COMPANY SNAPSHOT (2019) 187
11.4.19 AURIS HEALTH 189
11.4.20 AVATERAMEDICAL GMBH 190
11.4.21 ZAP SURGICAL SYSTEMS 191
*DETAILS ON BUSINESS OVERVIEW, PRODUCTS & SERVICES OFFERED, RECENT DEVELOPMENTS, MNM VIEW MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.
12 APPENDIX 192
12.1 DISCUSSION GUIDE 192
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 195
12.3 AVAILABLE CUSTOMIZATIONS 197
12.4 RELATED REPORTS 197
12.5 AUTHOR DETAILS 198
TABLE OF CONTENTS
1 INTRODUCTION 26
1.1 OBJECTIVES OF THE STUDY 26
1.2 MARKET DEFINITION 26
1.3 INCLUSIONS AND EXCLUSIONS 26
1.3.1 MARKETS COVERED 27
FIGURE 1 MEDICAL ROBOTS MARKET SEGMENTATION 27
1.3.2 YEARS CONSIDERED FOR THE REPORT 27
1.4 CURRENCY 28
1.5 LIMITATIONS 28
1.6 STAKEHOLDERS 28
1.7 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
2.2 RESEARCH METHODOLOGY STEPS 30
FIGURE 2 RESEARCH METHODOLOGY: MEDICAL ROBOTS MARKET 30
FIGURE 3 RESEARCH DESIGN 31
2.2.1 SECONDARY DATA 31
2.2.1.1 KEY DATA FROM SECONDARY SOURCES 32
2.2.2 PRIMARY DATA 33
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 33
FIGURE 5 PRIMARY SOURCES 34
2.2.2.1 KEY DATA FROM PRIMARY SOURCES 34
2.3 MARKET SIZE ESTIMATION METHODOLOGY 35
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 35
FIGURE 7 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 36
FIGURE 8 REVENUE-BASED MARKET SIZE ESTIMATION: IV COMPOUNDING ROBOTS MARKET 36
2.4 MARKET DATA ESTIMATION AND TRIANGULATION 37
FIGURE 9 DATA TRIANGULATION METHODOLOGY 37
2.5 ASSUMPTIONS FOR THE STUDY 38
2.6 COVID-19-SPECIFIC ASSUMPTIONS 38
3 EXECUTIVE SUMMARY 39
FIGURE 10 MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2020 VS. 2025 39
FIGURE 11 MEDICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2020 VS. 2025 40
FIGURE 12 MEDICAL ROBOTS MARKET, BY APPLICATION, 2020 VS. 2025 40
FIGURE 13 MEDICAL ROBOTS MARKET, BY END USER, 2020 VS. 2025 41
FIGURE 14 GEOGRAPHICAL SNAPSHOT OF THE MEDICAL ROBOTS MARKET 42
4 PREMIUM INSIGHTS 43
4.1 GLOBAL MEDICAL ROBOTS MARKET OVERVIEW 43
FIGURE 15 ADVANTAGES OF MEDICAL ROBOTS HAVE DRIVEN THEIR ADOPTION 43
4.2 NORTH AMERICA: MEDICAL ROBOTS MARKET, 2019 44
FIGURE 16 INSTRUMENTS & ACCESSORIES ACCOUNTED FOR THE LARGEST SHARE OF THE NORTH AMERICAN MEDICAL ROBOTS MARKET IN 2019 44
4.3 MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE 44
FIGURE 17 INSTRUMENTS & ACCESSORIES TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2020 44
4.4 MEDICAL ROBOTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 45
FIGURE 18 ASIA PACIFIC MARKET TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 19 MEDICAL ROBOTS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES 46
5.2.1 DRIVERS 47
5.2.1.1 ADVANTAGES OF ROBOT-ASSISTED SURGERY & TRAINING IN REHABILITATION THERAPY 47
5.2.1.2 TECHNOLOGICAL ADVANCEMENTS 47
TABLE 1 TECHNOLOGICAL ADVANCEMENTS IN MEDICAL ROBOTS 48
5.2.1.3 IMPROVING REIMBURSEMENT SCENARIO 49
5.2.1.4 INCREASING ADOPTION OF SURGICAL ROBOTS 49
5.2.1.5 INCREASE IN FUNDING FOR MEDICAL ROBOT RESEARCH 49
5.2.2 RESTRAINTS 50
5.2.2.1 HIGH COST OF ROBOTIC SYSTEMS 50
5.2.3 OPPORTUNITIES 50
5.2.3.1 INCREASING PENETRATION OF SURGICAL ROBOTS IN ASCS 50
5.2.3.2 EMERGING MARKETS 51
5.3 IMPACT OF COVID-19 ON THE MEDICAL ROBOTS MARKET 52
FIGURE 20 IMPACT OF COVID-19 ON THE MEDICAL ROBOTS MARKET 53
5.4 ECOSYSTEM 53
FIGURE 21 MEDICAL ROBOTS MARKET: ECOSYSTEM 54
5.5 TECHNOLOGY ANALYSIS 54
TABLE 2 DIGITAL TECHNOLOGY ENABLERS, THEIR BENEFITS, AND EXAMPLES
IN THE MARKET 54
6 MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE 56
6.1 INTRODUCTION 57
TABLE 3 MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 57
TABLE 4 ROBOTIC SYSTEMS MARKET, BY KEY PLAYER, 2018–2025 (UNITS) 57
6.2 INSTRUMENTS & ACCESSORIES 58
6.2.1 RECURRENT PURCHASE OF INSTRUMENTS & ACCESSORIES FOR EACH SURGICAL PROCEDURE TO DRIVE GROWTH IN THIS SEGMENT 58
TABLE 5 MEDICAL ROBOT INSTRUMENTS & ACCESSORIES MARKET, BY REGION, 2020–2025 (USD MILLION) 58
TABLE 6 NORTH AMERICA: MEDICAL ROBOT INSTRUMENTS & ACCESSORIES MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 58
TABLE 7 EUROPE: MEDICAL ROBOT INSTRUMENTS & ACCESSORIES MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 59
TABLE 8 APAC: MEDICAL ROBOT INSTRUMENTS & ACCESSORIES MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 59
6.3 ROBOTIC SYSTEMS 59
TABLE 9 MEDICAL ROBOTS PRICING 60
TABLE 10 ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 61
TABLE 11 ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (UNITS) 61
TABLE 12 ROBOTIC SYSTEMS MARKET, BY REGION, 2018–2025 (USD MILLION) 62
TABLE 13 NORTH AMERICA: ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 62
TABLE 14 EUROPE: ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 62
TABLE 15 APAC: ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 63
6.3.1 SURGICAL ROBOTIC SYSTEMS 63
6.3.1.1 INCREASING NUMBER OF LAPAROSCOPIC SURGERIES GLOBALLY TO DRIVE THE GROWTH OF THIS MARKET 63
TABLE 16 SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 63
TABLE 17 SURGICAL ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (UNITS) 64
TABLE 18 SURGICAL ROBOTIC SYSTEMS MARKET, BY REGION,
2018–2025 (USD MILLION) 64
TABLE 19 NORTH AMERICA: SURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 64
TABLE 20 EUROPE: SURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 65
TABLE 21 APAC: SURGICAL ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 65
6.3.1.2 LAPAROSCOPY ROBOTIC SYSTEMS 65
6.3.1.3 ORTHOPEDIC ROBOTIC SYSTEMS 65
6.3.1.4 NEUROSURGICAL ROBOTIC SYSTEMS 66
6.3.2 HOSPITAL & PHARMACY ROBOTIC SYSTEMS 66
6.3.2.1 REDUCED ERROR RATE AND INCREASED EFFICIENCY PROVIDED BY ROBOTS DRIVE THEIR ADOPTION 66
TABLE 22 HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 67
TABLE 23 HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (UNITS) 67
TABLE 24 HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY REGION,
2018–2025 (USD MILLION) 67
TABLE 25 NORTH AMERICA: HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 68
TABLE 26 EUROPE: HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 68
TABLE 27 APAC: HOSPITAL & PHARMACY ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 68
6.3.3 REHABILITATION ROBOTIC SYSTEMS 69
6.3.3.1 INCREASING NUMBER OF MARKET PLAYERS OFFERING REHABILITATION ROBOTS TO DRIVE THE GROWTH OF THIS MARKET 69
TABLE 28 REHABILITATION ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 69
TABLE 29 REHABILITATION ROBOTIC SYSTEMS MARKET, BY TYPE, 2020–2025 (UNITS) 69
TABLE 30 REHABILITATION ROBOTIC SYSTEMS MARKET, BY REGION,
2018–2025 (USD MILLION) 70
TABLE 31 NORTH AMERICA: REHABILITATION ROBOTIC SYSTEMS MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 70
TABLE 32 EUROPE: REHABILITATION ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 70
TABLE 33 APAC: REHABILITATION ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 71
6.3.3.2 THERAPEUTIC ROBOTIC SYSTEMS 71
6.3.3.3 ASSISTIVE ROBOTIC SYSTEMS 71
6.3.3.4 EXOSKELETON ROBOTIC SYSTEMS 72
6.3.3.5 OTHER REHABILITATION ROBOTIC SYSTEMS 72
6.3.4 NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS 72
6.3.4.1 GROWING FOCUS ON ADOPTING ADVANCED SYSTEMS AND INSTRUMENTS IS A KEY DRIVER OF MARKET GROWTH 72
TABLE 34 NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS MARKET, BY REGION, 2020–2025 (USD MILLION) 73
TABLE 35 NORTH AMERICA: NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS MARKET, BY COUNTRY, 2018–2025 (USD MILLION) 73
TABLE 36 EUROPE: NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 73
TABLE 37 APAC: NONINVASIVE RADIOSURGERY ROBOTIC SYSTEMS MARKET,
BY COUNTRY, 2018–2025 (USD MILLION) 74
6.3.5 OTHER ROBOTIC SYSTEMS 74
TABLE 38 OTHER ROBOTIC SYSTEMS MARKET, BY REGION, 2018–2025 (USD MILLION) 74
TABLE 39 NORTH AMERICA: OTHER ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 75
TABLE 40 EUROPE: OTHER ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 75
TABLE 41 APAC: OTHER ROBOTIC SYSTEMS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 75
6.4 SERVICES 76
6.4.1 RECURRING REVENUE PER INSTALLATION AND PER PROCEDURE TO OFFER GROWTH OPPORTUNITIES 76
TABLE 42 MEDICAL ROBOT SERVICES MARKET, BY REGION,
2018–2025 (USD MILLION) 76
TABLE 43 NORTH AMERICA: MEDICAL ROBOT SERVICES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 76
TABLE 44 EUROPE: MEDICAL ROBOT SERVICES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 77
TABLE 45 APAC: MEDICAL ROBOT SERVICES MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 77
7 MEDICAL ROBOTS MARKET, BY APPLICATION 78
7.1 INTRODUCTION 79
TABLE 46 MEDICAL ROBOTS MARKET, BY APPLICATION, 2018–2025 (USD MILLION) 79
7.2 LAPAROSCOPY 79
7.2.1 INCREASING NUMBER OF SURGICAL PROCEDURES CONDUCTED TO DRIVE THE MARKET GROWTH 79
TABLE 47 MEDICAL ROBOTS MARKET FOR LAPAROSCOPY, BY REGION,
2020–2025 (USD MILLION) 80
TABLE 48 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR LAPAROSCOPY,
BY COUNTRY, 2018–2025 (USD MILLION) 81
TABLE 49 EUROPE: MEDICAL ROBOTS MARKET FOR LAPAROSCOPY, BY COUNTRY, 2018–2025 (USD MILLION) 81
TABLE 50 APAC MEDICAL ROBOTS MARKET FOR LAPAROSCOPY, BY COUNTRY,
2018–2025 (USD MILLION) 81
7.3 ORTHOPEDIC SURGERY 82
7.3.1 HIGH IMPLANTATION AND PLACEMENT ACCURACY OF SURGICAL ROBOTS IN ORTHOPEDIC PROCEDURES SUPPORTS MARKET GROWTH 82
TABLE 51 MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY REGION,
2020–2025 (USD MILLION) 82
TABLE 52 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY COUNTRY, 2020–2025 (USD MILLION) 82
TABLE 53 EUROPE: MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY,
BY COUNTRY, 2018–2025 (USD MILLION) 83
TABLE 54 APAC: MEDICAL ROBOTS MARKET FOR ORTHOPEDIC SURGERY, BY COUNTRY, 2018–2025 (USD MILLION) 83
7.4 PHARMACY APPLICATIONS 83
7.4.1 FOCUS OF HOSPITALS AND PHARMACIES TO REDUCE MEDICATION ERRORS AND INCREASE EFFICIENCY DRIVE THE MARKET GROWTH 83
TABLE 55 MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS, BY REGION, 2018–2025 (USD MILLION) 84
TABLE 56 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS, BY COUNTRY, 2020–2025 (USD MILLION) 84
TABLE 57 EUROPE: MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS,
BY COUNTRY, 2018–2025 (USD MILLION) 85
TABLE 58 APAC: MEDICAL ROBOTS MARKET FOR PHARMACY APPLICATIONS,
BY COUNTRY, 2018–2025 (USD MILLION) 85
7.5 PHYSICAL REHABILITATION 85
7.5.1 INCREASING INCIDENCE OF STROKES & SPINAL CORD INJURY WILL FAVOR DEMAND FOR ROBOTS 85
TABLE 59 MEDICAL ROBOTS MARKET FOR PHYSICAL REHABILITATION THERAPY,
BY REGION, 2018–2025 (USD MILLION) 86
TABLE 60 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR PHYSICAL REHABILITATION, BY COUNTRY, 2020–2025 (USD MILLION) 86
TABLE 61 EUROPE: MEDICAL ROBOTS MARKET FOR PHYSICAL REHABILITATION,
BY COUNTRY, 2018–2025 (USD MILLION) 86
TABLE 62 APAC: MEDICAL ROBOTS MARKET FOR PHYSICAL REHABILITATION,
BY COUNTRY, 2018–2025 (USD MILLION) 87
7.6 EXTERNAL BEAM RADIATION THERAPY 87
7.6.1 EARLY DETECTION OF CANCER CASES IN DEVELOPED ECONOMIES TO DRIVE THE DEMAND FOR EBRT 87
TABLE 63 MEDICAL ROBOTS MARKET FOR EXTERNAL BEAM RADIATION THERAPY,
BY REGION, 2018–2025 (USD MILLION) 88
TABLE 64 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR EXTERNAL BEAM RADIATION THERAPY, BY COUNTRY, 2020–2025 (USD MILLION) 88
TABLE 65 EUROPE: MEDICAL ROBOTS MARKET FOR EXTERNAL BEAM RADIATION THERAPY, BY COUNTRY, 2018–2025 (USD MILLION) 88
TABLE 66 APAC: MEDICAL ROBOTS MARKET FOR EXTERNAL BEAM RADIATION THERAPY, BY COUNTRY, 2018–2025 (USD MILLION) 89
7.7 NEUROSURGERY 89
7.7.1 INCREASING PREVALENCE OF NEUROLOGICAL DISORDERS TO FUEL
MARKET GROWTH 89
TABLE 67 MEDICAL ROBOTS MARKET FOR NEUROSURGERY, BY REGION,
2020–2025 (USD MILLION) 89
TABLE 68 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR NEUROSURGERY,
BY COUNTRY, 2020–2025 (USD MILLION) 90
TABLE 69 EUROPE: MEDICAL ROBOTS MARKET FOR NEUROSURGERY, BY COUNTRY, 2018–2025 (USD MILLION) 90
TABLE 70 APAC: MEDICAL ROBOTS MARKET FOR NEUROSURGERY, BY COUNTRY, 2018–2025 (USD MILLION) 90
7.8 OTHER APPLICATIONS 91
TABLE 71 MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS, BY REGION,
2018–2025 (USD MILLION) 91
TABLE 72 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS,
BY COUNTRY, 2020–2025 (USD MILLION) 91
TABLE 73 EUROPE: MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS,
BY COUNTRY, 2018–2025 (USD MILLION) 92
TABLE 74 APAC: MEDICAL ROBOTS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2018–2025 (USD MILLION) 92
8 MEDICAL ROBOTS MARKET, BY END USER 93
8.1 INTRODUCTION 94
TABLE 75 MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 94
8.2 HOSPITALS 94
8.2.1 ROBOT-ASSISTED SURGERIES ENABLE HOSPITALS TO LOWER PRE- AND POST-OPERATIVE CARE COSTS 94
TABLE 76 LIST OF RECENTLY INSTALLED SURGICAL ROBOT SYSTEMS IN HOSPITALS ACROSS THE GLOBE 95
TABLE 77 MEDICAL ROBOTS MARKET FOR HOSPITALS, BY REGION,
2018–2025 (USD MILLION) 95
TABLE 78 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR HOSPITALS, BY COUNTRY, 2018–2025 (USD MILLION) 96
TABLE 79 EUROPE: MEDICAL ROBOTS MARKET FOR HOSPITALS, BY COUNTRY,
2018–2025 (USD MILLION) 96
TABLE 80 APAC: MEDICAL ROBOTS MARKET FOR HOSPITALS, BY COUNTRY,
2018–2025 (USD MILLION) 96
8.3 AMBULATORY SURGERY CENTERS 97
8.3.1 RISE IN THE NUMBER OF OUTPATIENT SURGERIES TO SUPPORT
MARKET GROWTH 97
TABLE 81 MEDICAL ROBOTS MARKET FOR AMBULATORY SURGERY CENTERS,
BY REGION, 2018–2025 (USD MILLION) 97
TABLE 82 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR AMBULATORY SURGERY CENTERS, BY COUNTRY, 2018–2025 (USD MILLION) 98
TABLE 83 EUROPE: MEDICAL ROBOTS MARKET FOR AMBULATORY SURGERY CENTERS, BY COUNTRY, 2018–2025 (USD MILLION) 98
TABLE 84 APAC: MEDICAL ROBOTS MARKET FOR AMBULATORY SURGERY CENTERS,
BY COUNTRY, 2018–2025 (USD MILLION) 98
8.4 REHABILITATION CENTERS 99
8.4.1 INCREASING INCIDENCE OF DISABILITIES TO SUPPORT THE GROWTH OF REHAB CENTERS 99
TABLE 85 MEDICAL ROBOTS MARKET FOR REHABILITATION CENTERS, BY REGION, 2018–2025 (USD MILLION) 99
TABLE 86 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR REHABILITATION CENTERS, BY COUNTRY, 2018–2025 (USD MILLION) 99
TABLE 87 EUROPE: MEDICAL ROBOTS MARKET FOR REHABILITATION CENTERS,
BY COUNTRY, 2018–2025 (USD MILLION) 100
TABLE 88 APAC: MEDICAL ROBOTS MARKET FOR REHABILITATION CENTERS,
BY COUNTRY, 2018–2025 (USD MILLION) 100
8.5 OTHER END USERS 100
TABLE 89 MEDICAL ROBOTS MARKET FOR OTHER END USERS, BY REGION,
2018–2025 (USD MILLION) 101
TABLE 90 NORTH AMERICA: MEDICAL ROBOTS MARKET FOR OTHER END USERS,
BY COUNTRY, 2018–2025 (USD MILLION) 101
TABLE 91 EUROPE: MEDICAL ROBOTS MARKET FOR OTHER END USERS, BY COUNTRY, 2018–2025 (USD MILLION) 102
TABLE 92 APAC: MEDICAL ROBOTS MARKET FOR OTHER END USERS, BY COUNTRY, 2018–2025 (USD MILLION) 102
9 MEDICAL ROBOTS MARKET, BY REGION 103
9.1 INTRODUCTION 104
FIGURE 22 NORTH AMERICA TO DOMINATE THE MEDICAL ROBOTS MARKET DURING THE FORECAST PERIOD 104
TABLE 93 MEDICAL ROBOTS MARKET, BY REGION, 2018–2025 (USD MILLION) 104
9.2 NORTH AMERICA 105
FIGURE 23 NORTH AMERICA: MEDICAL ROBOTS MARKET SNAPSHOT 105
TABLE 94 NORTH AMERICA: MEDICAL ROBOTS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 106
TABLE 95 NORTH AMERICA: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE, 2018–2025 (USD MILLION) 106
TABLE 96 NORTH AMERICA: ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 106
TABLE 97 NORTH AMERICA: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 107
TABLE 98 NORTH AMERICA: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 107
9.2.1 US 107
9.2.1.1 THE US HOLDS THE LARGEST SHARE OF THE NORTH AMERICAN MARKET 107
TABLE 99 US: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 108
TABLE 100 US: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 108
TABLE 101 US: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 109
TABLE 102 US: MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 109
9.2.2 CANADA 109
9.2.2.1 INCREASED USE OF SURGICAL ROBOTS IN PEDIATRIC APPLICATIONS TO DRIVE MARKET GROWTH IN CANADA 109
TABLE 103 CANADA: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 110
TABLE 104 CANADA: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 110
TABLE 105 CANADA: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 111
TABLE 106 CANADA: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 111
9.3 EUROPE 112
TABLE 107 EUROPE: MEDICAL ROBOTS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 112
TABLE 108 EUROPE: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 112
TABLE 109 EUROPE: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 113
TABLE 110 EUROPE: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 114
TABLE 111 EUROPE: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 114
9.3.1 GERMANY 114
9.3.1.1 GERMANY TO WITNESS THE HIGHEST GROWTH IN THE EUROPEAN MEDICAL ROBOTS MARKET 114
TABLE 112 GERMANY: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 115
TABLE 113 GERMANY: ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 115
TABLE 114 GERMANY: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 116
TABLE 115 GERMANY: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 116
9.3.2 ITALY 116
9.3.2.1 INCREASING NUMBER OF ROBOTIC SURGICAL SYSTEMS INSTALLED IN THE COUNTRY TO PROPEL MARKET GROWTH 116
TABLE 116 ITALY: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 117
TABLE 117 ITALY: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 117
TABLE 118 ITALY: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 118
TABLE 119 ITALY: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 118
9.3.3 FRANCE 118
9.3.3.1 HIGHER ADOPTION OF MIS TO SUPPORT MARKET GROWTH IN THE COUNTRY 118
TABLE 120 FRANCE: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 119
TABLE 121 FRANCE: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 119
TABLE 122 FRANCE: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 120
TABLE 123 FRANCE: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 120
9.3.4 UK 120
9.3.4.1 UK HAS REGISTERED AN INCREASE IN THE NUMBER OF ROBOTIC SURGICAL PROCEDURES PERFORMED 120
TABLE 124 UK: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 121
TABLE 125 UK: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 121
TABLE 126 UK: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 122
TABLE 127 UK: MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 122
9.3.5 SPAIN 122
9.3.5.1 INCREASING IMPLEMENTATION AND DEVELOPMENT OF MEDICAL ROBOTIC PROGRAMS IN SPAIN TO DRIVE MARKET GROWTH 122
TABLE 128 SPAIN: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 123
TABLE 129 SPAIN: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 123
TABLE 130 SPAIN: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 123
TABLE 131 SPAIN: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 124
9.3.6 ROE 124
TABLE 132 ROE: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 124
TABLE 133 ROE: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 125
TABLE 134 ROE: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 125
TABLE 135 ROE: MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 125
9.4 ASIA PACIFIC 126
FIGURE 24 ASIA PACIFIC: MEDICAL ROBOTS MARKET SNAPSHOT 126
TABLE 136 ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 127
TABLE 137 ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 127
TABLE 138 ASIA PACIFIC: ROBOTIC SYSTEMS MARKET, BY TYPE,
2018–2025 (USD MILLION) 127
TABLE 139 ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 128
TABLE 140 ASIA PACIFIC: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 128
9.4.1 JAPAN 128
9.4.1.1 JAPAN DOMINATES THE APAC MEDICAL ROBOTS MARKET 128
TABLE 141 JAPAN: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 129
TABLE 142 JAPAN: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 129
TABLE 143 JAPAN: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 130
TABLE 144 JAPAN: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 130
9.4.2 CHINA 130
9.4.2.1 CHINA TO BE THE FASTEST-GROWING COUNTRY IN THE ASIA PACIFIC SURGICAL ROBOTS MARKET 130
TABLE 145 CHINA: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 131
TABLE 146 CHINA: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 131
TABLE 147 CHINA: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 132
TABLE 148 CHINA: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 132
9.4.3 INDIA 132
9.4.3.1 HUGE PATIENT POPULATION TO SUPPORT MARKET GROWTH 132
TABLE 149 INDIA: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 133
TABLE 150 INDIA: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 133
TABLE 151 INDIA: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 134
TABLE 152 INDIA: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 134
9.4.4 REST OF ASIA PACIFIC 134
TABLE 153 ROAPAC: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 135
TABLE 154 ROAPAC: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 135
TABLE 155 ROAPAC: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 136
TABLE 156 ROAPAC: MEDICAL ROBOTS MARKET, BY END USER,
2018–2025 (USD MILLION) 136
9.5 REST OF THE WORLD 136
TABLE 157 ROW: MEDICAL ROBOTS MARKET, BY PRODUCT & SERVICE,
2018–2025 (USD MILLION) 137
TABLE 158 ROW: ROBOTIC SYSTEMS MARKET, BY TYPE, 2018–2025 (USD MILLION) 137
TABLE 159 ROW: MEDICAL ROBOTS MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 138
TABLE 160 ROW: MEDICAL ROBOTS MARKET, BY END USER, 2018–2025 (USD MILLION) 138
10 COMPETITIVE LANDSCAPE 139
10.1 INTRODUCTION 139
10.2 MARKET EVALUATION FRAMEWORK 139
FIGURE 25 MARKET EVALUATION FRAMEWORK 139
10.3 MARKET RANKING/SHARE ANALYSIS 140
10.3.1 OVERALL MEDICAL ROBOTS MARKET SHARE ANALYSIS 140
FIGURE 26 MEDICAL ROBOTS MARKET SHARE, BY KEY PLAYER, 2019 140
FIGURE 27 INTUITIVE SURGICAL PRODUCT MIX, 2019 141
10.3.2 SURGICAL ROBOTS MARKET SHARE ANALYSIS 142
FIGURE 28 SURGICAL ROBOTS MARKET SHARE, BY KEY PLAYER, 2019 142
10.3.3 HOSPITAL & PHARMACY ROBOTS MARKET SHARE ANALYSIS 142
FIGURE 29 MEDICATION DISPENSING ROBOTS MARKET SHARE, BY KEY PLAYER, 2019 142
FIGURE 30 IV ROBOTIC SYSTEMS MARKET SHARE, BY KEY PLAYER, 2019 143
10.3.4 REHABILITATION ROBOTS MARKET SHARE ANALYSIS 143
FIGURE 31 REHABILITATION ROBOTS MARKET SHARE, BY KEY PLAYER, 2019 143
10.3.5 RADIOSURGERY ROBOTIC SYSTEMS MARKET SHARE ANALYSIS 143
10.4 KEY MARKET DEVELOPMENTS 144
10.4.1 PRODUCT LAUNCHES & APPROVALS 144
TABLE 161 KEY PRODUCT LAUNCHES & APPROVALS, 2018–2020 144
10.4.2 DEALS 145
TABLE 162 KEY DEALS, 2017–2020 145
10.4.3 OTHER DEVELOPMENTS 146
TABLE 163 OTHER KEY DEVELOPMENTS, 2017–2020 146
11 COMPANY EVALUATION MATRIX AND COMPANY PROFILES 147
11.1 INTRODUCTION 147
11.2 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY 147
TABLE 164 COMPANY EVALUATION MATRIX: CRITERIA 147
11.2.1 STARS 148
11.2.2 EMERGING LEADERS 148
11.2.3 PERVASIVE PLAYERS 148
11.2.4 EMERGING COMPANIES 148
FIGURE 32 MEDICAL ROBOTS MARKET COMPANY EVALUATION MATRIX, 2019 149
11.3 COMPETITIVE LEADERSHIP MAPPING (EMERGING PLAYERS) 150
11.3.1 PROGRESSIVE COMPANIES 150
11.3.2 STARTING/EMERGING BLOCKS 150
11.3.3 RESPONSIVE COMPANIES 150
11.3.4 DYNAMIC COMPANIES 150
FIGURE 33 MEDICAL ROBOTS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, EMERGING PLAYERS, 2019 151
11.4 COMPANY PROFILES 152
(BUSINESS OVERVIEW, PRODUCTS & SERVICES OFFERED, RECENT DEVELOPMENTS, MNM VIEW)*
11.4.1 INTUITIVE SURGICAL 152
FIGURE 34 INTUITIVE SURGICAL: COMPANY SNAPSHOT (2019) 152
11.4.2 STRYKER CORPORATION 155
FIGURE 35 STRYKER CORPORATION: COMPANY SNAPSHOT (2019) 155
11.4.3 ACCURAY 157
FIGURE 36 ACCURAY: COMPANY SNAPSHOT (2019) 157
11.4.4 BECTON, DICKINSON AND COMPANY 160
FIGURE 37 BECTON, DICKINSON AND COMPANY: COMPANY SNAPSHOT (2019) 160
11.4.5 MEDTRONIC 162
FIGURE 38 MEDTRONIC: COMPANY SNAPSHOT (2019) 162
11.4.6 OMNICELL 164
FIGURE 39 OMNICELL: COMPANY SNAPSHOT (2019) 164
11.4.7 ZIMMER BIOMET 167
FIGURE 40 ZIMMER BIOMET: COMPANY SNAPSHOT (2019) 167
11.4.8 SMITH & NEPHEW 169
FIGURE 41 SMITH & NEPHEW: COMPANY SNAPSHOT (2019) 169
11.4.9 HOCOMA AG 171
11.4.10 CYBERDYNE 173
FIGURE 42 CYBERDYNE: COMPANY SNAPSHOT (2019) 173
11.4.11 EKSO BIONICS 175
FIGURE 43 EKSO BIONICS: COMPANY SNAPSHOT (2019) 175
11.4.12 ARXIUM 178
11.4.13 TRANSENTERIX 179
FIGURE 44 TRANSENTERIX: COMPANY SNAPSHOT (2019) 179
11.4.14 REWALK ROBOTICS 181
FIGURE 45 REWALK ROBOTICS: COMPANY SNAPSHOT (2019) 181
11.4.15 CMR SURGICAL 183
11.4.16 RENISHAW 184
FIGURE 46 RENISHAW: COMPANY SNAPSHOT (2019) 184
11.4.17 GOLLMANN KOMMISSIONIERSYSTEME GMBH 186
11.4.18 BIONIK LABORATORIES CORP. 187
FIGURE 47 BIONIK LABORATORIES CORP: COMPANY SNAPSHOT (2019) 187
11.4.19 AURIS HEALTH 189
11.4.20 AVATERAMEDICAL GMBH 190
11.4.21 ZAP SURGICAL SYSTEMS 191
*DETAILS ON BUSINESS OVERVIEW, PRODUCTS & SERVICES OFFERED, RECENT DEVELOPMENTS, MNM VIEW MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.
12 APPENDIX 192
12.1 DISCUSSION GUIDE 192
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 195
12.3 AVAILABLE CUSTOMIZATIONS 197
12.4 RELATED REPORTS 197
12.5 AUTHOR DETAILS 198
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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
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1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION & SCOPE 15
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 16
1.2.2 MARKET SEGMENTATION 16
FIGURE 1 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET SEGMENTATION 16
1.2.3 YEARS CONSIDERED FOR THE STUDY 17
1.3 CURRENCY 17
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 17
1.4 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH APPROACH 19
FIGURE 2 RESEARCH DESIGN 19
2.1.1 SECONDARY RESEARCH 20
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY RESEARCH 21
FIGURE 3 PRIMARY SOURCES 22
2.1.2.1 Key data from primary sources 23
2.1.2.2 Insights from primary experts 23
2.1.2.3 Breakdown of primary interviews 24
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE (SUPPLY & DEMAND SIDE) AND DESIGNATION 24
2.2 MARKET SIZE ESTIMATION 25
FIGURE 5 MARKET SIZE APPROACH – REVENUE SHARE ANALYSIS 25
FIGURE 6 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 26
FIGURE 7 DEMAND-SIDE APPROACH 28
2.3 DATA TRIANGULATION 29
FIGURE 8 DATA TRIANGULATION METHODOLOGY 29
2.4 MARKET RANKING ANALYSIS 30
2.5 ASSUMPTIONS FOR THE STUDY 30
2.6 LIMITATIONS 31
2.6.1 METHODOLOGY-RELATED LIMITATIONS 31
2.6.2 SCOPE-RELATED LIMITATIONS 31
2.7 RISK ASSESSMENT 31
TABLE 2 RISK ASSESSMENT: US HEALTHCARE ENVIRONMENTAL SERVICES MARKET 31
3 EXECUTIVE SUMMARY 32
FIGURE 9 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 32
FIGURE 10 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET,
BY FACILITY TYPE, 2021 VS. 2026 (USD MILLION) 33
4 PREMIUM INSIGHTS 34
4.1 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET OVERVIEW 34
FIGURE 11 STRINGENT REGULATORY GUIDELINES ON INFECTION CONTROL & PREVENTION METHODS IS A KEY FACTOR DRIVING THE MARKET GROWTH 34
4.2 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE AND FACILITY TYPE 35
FIGURE 12 JANITORIAL/CORE-CLEANING SERVICES ACCOUNTED FOR THE LARGEST SHARE OF THE US HEALTHCARE ENVIRONMENTAL SERVICES
MARKET IN 2020 35
4.3 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE (2021–2026) 36
FIGURE 13 ACUTE CARE FACILITIES TO DOMINATE THE US HEALTHCARE ENVIRONMENTAL SERVICES MARKET DURING THE FORECAST PERIOD 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
TABLE 3 MARKET DYNAMICS: HEALTHCARE ENVIRONMENTAL SERVICES MARKET 37
5.2.1 MARKET DRIVERS 38
5.2.1.1 Increasing prevalence of Hospital-acquired infections (HAIs) 38
5.2.1.2 Rising number of hospital admissions and surgeries 39
TABLE 4 US: PERCENTAGE INCREASE IN THE NUMBER OF SURGERIES PERFORMED 39
FIGURE 14 TOTAL ADMISSIONS IN ALL US HOSPITALS 40
FIGURE 15 TOTAL NUMBER OF HOSPITALS IN THE US 40
5.2.1.3 Shortage of in-house expertise and the rising need to reduce healthcare costs 41
5.2.1.4 Increasing outsourcing of cleaning services 41
5.2.2 MARKET RESTRAINTS 41
5.2.2.1 Healthcare facilities with an in-house EVS department 41
5.2.3 MARKET OPPORTUNITIES 42
5.2.3.1 Sustained acquisitions among strategic & financial buyers 42
TABLE 5 COMPANY ACQUISITIONS 42
5.2.4 MARKET CHALLENGES 42
5.2.4.1 Noncompliance with cleaning standards by EVS providers 42
5.3 INDUSTRY TRENDS 43
5.3.1 EMERGENCE OF NEW SURFACE DISINFECTANTS &
GREEN CLEANING PRODUCTS 43
5.3.2 DISINFECTION ROBOTS 44
5.3.3 MONITORING TOOLS FOR CLEANING QUALITY ASSESSMENT 44
5.4 TECHNOLOGY ANALYSIS 45
TABLE 6 TECHNOLOGY INNOVATION IN THE HEALTHCARE ENVIRONMENTAL
SERVICES MARKET 45
5.5 PATENT ANALYSIS 45
5.5.1 PATENT PUBLICATION TRENDS FOR HEALTHCARE ENVIRONMENTAL SERVICES 46
FIGURE 16 PATENT PUBLICATION TRENDS (JANUARY 2011–DECEMBER 2021) 46
5.5.2 JURISDICTION AND TOP APPLICANT ANALYSIS 47
FIGURE 17 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR HEALTHCARE ENVIRONMENTAL SERVICES PATENTS (JANUARY 2011–JANUARY 2022) 47
FIGURE 18 TOP APPLICANT COUNTRIES/REGIONS FOR HEALTHCARE ENVIRONMENTAL SERVICES PATENTS (JANUARY 2011–JANUARY 2022) 48
TABLE 7 LIST OF PATENTS/PATENT APPLICATIONS IN THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET, 2020–2021 48
5.6 IMPACT OF COVID-19 ON THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET 50
6 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE 51
6.1 INTRODUCTION 52
TABLE 8 US: HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 52
6.2 JANITORIAL SERVICES/CORE-CLEANING SERVICES 52
6.2.1 MANDATORY REGULAR CLEANING AND DISINFECTION OF HEALTHCARE FACILITIES TO DRIVE THE MARKET GROWTH 52
6.3 INFECTION PREVENTION & CONTROL SERVICES 53
TABLE 9 US: INFECTION PREVENTION & CONTROL SERVICE MARKET, BY TYPE,
2019–2026 (USD MILLION) 53
6.3.1 SPECIALIZED CLEANING SERVICES 53
6.3.1.1 Rising adoption of specialized services to reduce HAIs to drive the market growth 53
6.3.2 INFECTION PREVENTION & CONTROL CONSULTATION SERVICES 53
6.3.2.1 The provision of customized environmental services specific
to a healthcare facility ensures market demand 53
6.4 ENHANCED CLEANING TECHNOLOGY 54
6.4.1 RISING DEMAND FOR ADVANCED CLEANING SOLUTIONS TO DRIVE THE SEGMENT GROWTH 54
TABLE 10 EXAMPLES OF COMPANIES PROVIDING TECHNOLOGY & INNOVATION IN HEALTHCARE EVS 54
6.5 FRONT-OF-HOUSE CLEANING AND BRAND EXPERIENCE 56
6.5.1 RISING AWARENESS TOWARDS A CLEAN AND SAFE ENVIRONMENT DURING PANDEMICS TO SUSTAIN THE MARKET GROWTH 56
6.6 OTHER SERVICES 56
7 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE 57
7.1 INTRODUCTION 58
FIGURE 19 STATES WITH THE HIGHEST NUMBER OF COVID-19 ADMISSIONS
(FEBRUARY 2022) 58
TABLE 11 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE, 2019–2026 (USD MILLION) 59
7.2 ACUTE-CARE FACILITIES 59
TABLE 12 US: HEALTHCARE ENVIRONMENTAL SERVICES FOR ACUTE-CARE SETTINGS, BY TYPE 2019–2026 (USD MILLION) 59
7.2.1 ACUTE HOSPITALS 60
7.2.1.1 Increasing hospital admissions due to COVID-19 and the rising prevalence of HAIs propel the market growth 60
FIGURE 20 NUMBER OF HAIS REPORTED BY GENERAL ACUTE CARE HOSPITALS
IN THE US (2020) 60
FIGURE 21 HAIS REPORTED BY GENERAL ACUTE CARE HOSPITALS IN THE US (2020) 61
FIGURE 22 HAIS REPORTED BY CRITICAL ACCESS HOSPITALS (CAHS) IN THE US (2018) 61
7.2.2 MILITARY TREATMENT FACILITY 61
7.2.2.1 The increasing number of military ambulatory health services & funding to drive the market growth 61
FIGURE 23 MILITARY HEALTH SYSTEMS FACILITIES IN THE US (2021) 62
7.2.3 CHILDREN’S HOSPITALS 62
7.2.3.1 Rising cases of COVID-19 and infection-related mortality rates among children drive the market growth 62
7.2.4 AMBULATORY SURGERY CENTERS (ASCS) 63
7.2.4.1 ASCs save time and reduce the risk of HAIS; key factor driving the market growth 63
FIGURE 24 US SURGERY CASES BY SETTING: ASC VS. HOPD (2005-2020) 64
7.2.5 ACADEMIC MEDICAL CENTERS (AMCS) 64
7.2.5.1 Healthcare capacity expansion during COVID-19 drives the adoption of healthcare environmental services in AMCs 64
7.3 POST-ACUTE CARE FACILITIES 64
TABLE 13 US: HEALTHCARE ENVIRONMENTAL SERVICES FOR POST-ACUTE CARE SETTINGS, BY TYPE 2019–2026 (USD MILLION) 65
7.3.1 LONG-TERM ACUTE HOSPITALS (LTACH) 65
7.3.1.1 Increasing risk of infection due to prolonged hospital stays to drive the market growth 65
7.3.2 SKILLED NURSING FACILITIES (SNF) 66
7.3.2.1 Increasing admissions of elderly people in skilled nursing facilities to drive the market growth 66
7.3.3 OTHER POST-ACUTE CARE FACILITIES 66
7.4 NON-ACUTE CARE FACILITIES 67
TABLE 14 US: ENVIRONMENTAL SERVICES MARKET FOR NON-ACUTE CARE SETTINGS, BY TYPE, 2019–2026 (USD MILLION) 67
7.4.1 PHYSICIAN’S OFFICES AND CLINICS 67
7.4.1.1 High patient traffic leads to continuous cleaning & maintenance to drive the market growth 67
7.4.2 OTHER NON-ACUTE CARE FACILITIES 68
FIGURE 25 DISTRIBUTION OF INDUSTRY MEDICAL AND HEALTH R&D INVESTMENTS,
BY SEGMENT (2020) 68
8 COMPETITIVE LANDSCAPE 70
8.1 OVERVIEW 70
8.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 70
8.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET 71
8.3 REVENUE SHARE ANALYSIS OF THE TOP MARKET PLAYERS 72
8.4 MARKET RANKING ANALYSIS 73
FIGURE 27 US HEALTHCARE ENVIRONMENTAL SERVICE MARKET RANKING,
BY KEY PLAYER, 2020 73
8.5 COMPETITIVE BENCHMARKING 75
TABLE 15 FOOTPRINT OF COMPANIES IN THE HEALTHCARE ENVIRONMENTAL
SERVICES MARKET 75
TABLE 16 SERVICE FOOTPRINT OF COMPANIES 76
TABLE 17 END-USER FOOTPRINT OF COMPANIES 77
8.6 COMPETITIVE LEADERSHIP MAPPING 77
8.6.1 STARS 78
8.6.2 EMERGING LEADERS 78
8.6.3 PERVASIVE PLAYERS 78
8.6.4 PARTICIPANTS 78
FIGURE 28 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET:
COMPETITIVE LEADERSHIP MAPPING (2021) 79
8.7 COMPETITIVE SCENARIO 80
8.7.1 SERVICE APPROVALS/ENHANCEMENTS 80
8.7.2 DEALS 81
TABLE 19 DEALS, 2018–2022 81
8.7.3 OTHER DEVELOPMENTS 82
9 COMPANY PROFILES 83
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
9.1 SODEXO GLOBAL 83
TABLE 21 SODEXO GLOBAL: BUSINESS OVERVIEW 83
FIGURE 29 SODEXO GLOBAL: COMPANY SNAPSHOT (2021) 84
9.2 COMPASS GROUP (CROTHALL HEALTHCARE (US)) 87
TABLE 22 COMPASS GROUP: BUSINESS OVERVIEW 87
FIGURE 30 COMPASS GROUP: COMPANY SNAPSHOT (2021) 88
9.3 ARAMARK CORPORATION 90
TABLE 23 ARAMARK CORPORATION: BUSINESS OVERVIEW 90
FIGURE 31 ARAMARK CORPORATION: COMPANY SNAPSHOT (2021) 91
9.4 HOSPITAL HOUSEKEEPING SYSTEMS (HHS) (US) 94
TABLE 24 HOSPITAL HOUSEKEEPING SYSTEMS (HHS): BUSINESS OVERVIEW 94
9.5 HEALTHCARE SERVICES GROUP, INC. 97
TABLE 25 HEALTHCARE SERVICES GROUP, INC.: BUSINESS OVERVIEW 97
FIGURE 32 HEALTHCARE SERVICES GROUP: COMPANY SNAPSHOT (2020) 98
9.6 ABM INDUSTRIES INCORPORATED 100
TABLE 26 ABM INDUSTRIES INCORPORATED: BUSINESS OVERVIEW 100
FIGURE 33 ABM INDUSTRIES INCORPORATED: COMPANY SNAPSHOT (2020) 101
9.7 OCTOCLEAN 103
TABLE 27 OCTOCLEAN: BUSINESS OVERVIEW 103
9.8 SERVICEMASTER CLEAN (SERVICEMASTER TBS) 105
TABLE 28 SERVICEMASTER CLEAN.: BUSINESS OVERVIEW 105
9.9 CORVUS JANITORIAL SYSTEMS 107
TABLE 29 CORVUS JANITORIAL SYSTEMS: BUSINESS OVERVIEW 107
9.10 BRAVO! BUILDING SERVICES 109
TABLE 30 BRAVO! BUILDING SERVICES: BUSINESS OVERVIEW 109
9.11 POWERLINK ENVIRONMENTAL SERVICES, LLC 111
TABLE 31 POWERLINK ENVIRONMENTAL SERVICES, LLC: BUSINESS OVERVIEW 111
9.12 JANI-KING INTERNATIONAL, INC. 112
TABLE 32 JANI- KING INTERNATIONAL, INC: BUSINESS OVERVIEW 112
9.13 AVI FOOD SYSTEMS(US) 114
TABLE 33 AVI FOOD SYTEMS, INC.: BUSINESS OVERVIEW 114
9.14 SERVICON 115
TABLE 34 SERVICON: BUSINESS OVERVIEW 115
9.15 XANITOS, INC. 117
TABLE 35 XANITOS, INC.: BUSINESS OVERVIEW 117
9.16 STATHAKIS 119
TABLE 36 STATHAKIS: BUSINESS OVERVIEW 119
*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.
10 APPENDIX 120
10.1 INSIGHTS FROM INDUSTRY EXPERTS 120
10.2 DISCUSSION GUIDE 121
10.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 124
10.4 AVAILABLE CUSTOMIZATIONS 126
10.5 RELATED REPORTS 126
10.6 AUTHOR DETAILS 127
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION & SCOPE 15
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 16
1.2.2 MARKET SEGMENTATION 16
FIGURE 1 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET SEGMENTATION 16
1.2.3 YEARS CONSIDERED FOR THE STUDY 17
1.3 CURRENCY 17
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 17
1.4 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH APPROACH 19
FIGURE 2 RESEARCH DESIGN 19
2.1.1 SECONDARY RESEARCH 20
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY RESEARCH 21
FIGURE 3 PRIMARY SOURCES 22
2.1.2.1 Key data from primary sources 23
2.1.2.2 Insights from primary experts 23
2.1.2.3 Breakdown of primary interviews 24
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE (SUPPLY & DEMAND SIDE) AND DESIGNATION 24
2.2 MARKET SIZE ESTIMATION 25
FIGURE 5 MARKET SIZE APPROACH – REVENUE SHARE ANALYSIS 25
FIGURE 6 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 26
FIGURE 7 DEMAND-SIDE APPROACH 28
2.3 DATA TRIANGULATION 29
FIGURE 8 DATA TRIANGULATION METHODOLOGY 29
2.4 MARKET RANKING ANALYSIS 30
2.5 ASSUMPTIONS FOR THE STUDY 30
2.6 LIMITATIONS 31
2.6.1 METHODOLOGY-RELATED LIMITATIONS 31
2.6.2 SCOPE-RELATED LIMITATIONS 31
2.7 RISK ASSESSMENT 31
TABLE 2 RISK ASSESSMENT: US HEALTHCARE ENVIRONMENTAL SERVICES MARKET 31
3 EXECUTIVE SUMMARY 32
FIGURE 9 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 32
FIGURE 10 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET,
BY FACILITY TYPE, 2021 VS. 2026 (USD MILLION) 33
4 PREMIUM INSIGHTS 34
4.1 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET OVERVIEW 34
FIGURE 11 STRINGENT REGULATORY GUIDELINES ON INFECTION CONTROL & PREVENTION METHODS IS A KEY FACTOR DRIVING THE MARKET GROWTH 34
4.2 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE AND FACILITY TYPE 35
FIGURE 12 JANITORIAL/CORE-CLEANING SERVICES ACCOUNTED FOR THE LARGEST SHARE OF THE US HEALTHCARE ENVIRONMENTAL SERVICES
MARKET IN 2020 35
4.3 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE (2021–2026) 36
FIGURE 13 ACUTE CARE FACILITIES TO DOMINATE THE US HEALTHCARE ENVIRONMENTAL SERVICES MARKET DURING THE FORECAST PERIOD 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
TABLE 3 MARKET DYNAMICS: HEALTHCARE ENVIRONMENTAL SERVICES MARKET 37
5.2.1 MARKET DRIVERS 38
5.2.1.1 Increasing prevalence of Hospital-acquired infections (HAIs) 38
5.2.1.2 Rising number of hospital admissions and surgeries 39
TABLE 4 US: PERCENTAGE INCREASE IN THE NUMBER OF SURGERIES PERFORMED 39
FIGURE 14 TOTAL ADMISSIONS IN ALL US HOSPITALS 40
FIGURE 15 TOTAL NUMBER OF HOSPITALS IN THE US 40
5.2.1.3 Shortage of in-house expertise and the rising need to reduce healthcare costs 41
5.2.1.4 Increasing outsourcing of cleaning services 41
5.2.2 MARKET RESTRAINTS 41
5.2.2.1 Healthcare facilities with an in-house EVS department 41
5.2.3 MARKET OPPORTUNITIES 42
5.2.3.1 Sustained acquisitions among strategic & financial buyers 42
TABLE 5 COMPANY ACQUISITIONS 42
5.2.4 MARKET CHALLENGES 42
5.2.4.1 Noncompliance with cleaning standards by EVS providers 42
5.3 INDUSTRY TRENDS 43
5.3.1 EMERGENCE OF NEW SURFACE DISINFECTANTS &
GREEN CLEANING PRODUCTS 43
5.3.2 DISINFECTION ROBOTS 44
5.3.3 MONITORING TOOLS FOR CLEANING QUALITY ASSESSMENT 44
5.4 TECHNOLOGY ANALYSIS 45
TABLE 6 TECHNOLOGY INNOVATION IN THE HEALTHCARE ENVIRONMENTAL
SERVICES MARKET 45
5.5 PATENT ANALYSIS 45
5.5.1 PATENT PUBLICATION TRENDS FOR HEALTHCARE ENVIRONMENTAL SERVICES 46
FIGURE 16 PATENT PUBLICATION TRENDS (JANUARY 2011–DECEMBER 2021) 46
5.5.2 JURISDICTION AND TOP APPLICANT ANALYSIS 47
FIGURE 17 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR HEALTHCARE ENVIRONMENTAL SERVICES PATENTS (JANUARY 2011–JANUARY 2022) 47
FIGURE 18 TOP APPLICANT COUNTRIES/REGIONS FOR HEALTHCARE ENVIRONMENTAL SERVICES PATENTS (JANUARY 2011–JANUARY 2022) 48
TABLE 7 LIST OF PATENTS/PATENT APPLICATIONS IN THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET, 2020–2021 48
5.6 IMPACT OF COVID-19 ON THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET 50
6 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE 51
6.1 INTRODUCTION 52
TABLE 8 US: HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 52
6.2 JANITORIAL SERVICES/CORE-CLEANING SERVICES 52
6.2.1 MANDATORY REGULAR CLEANING AND DISINFECTION OF HEALTHCARE FACILITIES TO DRIVE THE MARKET GROWTH 52
6.3 INFECTION PREVENTION & CONTROL SERVICES 53
TABLE 9 US: INFECTION PREVENTION & CONTROL SERVICE MARKET, BY TYPE,
2019–2026 (USD MILLION) 53
6.3.1 SPECIALIZED CLEANING SERVICES 53
6.3.1.1 Rising adoption of specialized services to reduce HAIs to drive the market growth 53
6.3.2 INFECTION PREVENTION & CONTROL CONSULTATION SERVICES 53
6.3.2.1 The provision of customized environmental services specific
to a healthcare facility ensures market demand 53
6.4 ENHANCED CLEANING TECHNOLOGY 54
6.4.1 RISING DEMAND FOR ADVANCED CLEANING SOLUTIONS TO DRIVE THE SEGMENT GROWTH 54
TABLE 10 EXAMPLES OF COMPANIES PROVIDING TECHNOLOGY & INNOVATION IN HEALTHCARE EVS 54
6.5 FRONT-OF-HOUSE CLEANING AND BRAND EXPERIENCE 56
6.5.1 RISING AWARENESS TOWARDS A CLEAN AND SAFE ENVIRONMENT DURING PANDEMICS TO SUSTAIN THE MARKET GROWTH 56
6.6 OTHER SERVICES 56
7 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE 57
7.1 INTRODUCTION 58
FIGURE 19 STATES WITH THE HIGHEST NUMBER OF COVID-19 ADMISSIONS
(FEBRUARY 2022) 58
TABLE 11 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE, 2019–2026 (USD MILLION) 59
7.2 ACUTE-CARE FACILITIES 59
TABLE 12 US: HEALTHCARE ENVIRONMENTAL SERVICES FOR ACUTE-CARE SETTINGS, BY TYPE 2019–2026 (USD MILLION) 59
7.2.1 ACUTE HOSPITALS 60
7.2.1.1 Increasing hospital admissions due to COVID-19 and the rising prevalence of HAIs propel the market growth 60
FIGURE 20 NUMBER OF HAIS REPORTED BY GENERAL ACUTE CARE HOSPITALS
IN THE US (2020) 60
FIGURE 21 HAIS REPORTED BY GENERAL ACUTE CARE HOSPITALS IN THE US (2020) 61
FIGURE 22 HAIS REPORTED BY CRITICAL ACCESS HOSPITALS (CAHS) IN THE US (2018) 61
7.2.2 MILITARY TREATMENT FACILITY 61
7.2.2.1 The increasing number of military ambulatory health services & funding to drive the market growth 61
FIGURE 23 MILITARY HEALTH SYSTEMS FACILITIES IN THE US (2021) 62
7.2.3 CHILDREN’S HOSPITALS 62
7.2.3.1 Rising cases of COVID-19 and infection-related mortality rates among children drive the market growth 62
7.2.4 AMBULATORY SURGERY CENTERS (ASCS) 63
7.2.4.1 ASCs save time and reduce the risk of HAIS; key factor driving the market growth 63
FIGURE 24 US SURGERY CASES BY SETTING: ASC VS. HOPD (2005-2020) 64
7.2.5 ACADEMIC MEDICAL CENTERS (AMCS) 64
7.2.5.1 Healthcare capacity expansion during COVID-19 drives the adoption of healthcare environmental services in AMCs 64
7.3 POST-ACUTE CARE FACILITIES 64
TABLE 13 US: HEALTHCARE ENVIRONMENTAL SERVICES FOR POST-ACUTE CARE SETTINGS, BY TYPE 2019–2026 (USD MILLION) 65
7.3.1 LONG-TERM ACUTE HOSPITALS (LTACH) 65
7.3.1.1 Increasing risk of infection due to prolonged hospital stays to drive the market growth 65
7.3.2 SKILLED NURSING FACILITIES (SNF) 66
7.3.2.1 Increasing admissions of elderly people in skilled nursing facilities to drive the market growth 66
7.3.3 OTHER POST-ACUTE CARE FACILITIES 66
7.4 NON-ACUTE CARE FACILITIES 67
TABLE 14 US: ENVIRONMENTAL SERVICES MARKET FOR NON-ACUTE CARE SETTINGS, BY TYPE, 2019–2026 (USD MILLION) 67
7.4.1 PHYSICIAN’S OFFICES AND CLINICS 67
7.4.1.1 High patient traffic leads to continuous cleaning & maintenance to drive the market growth 67
7.4.2 OTHER NON-ACUTE CARE FACILITIES 68
FIGURE 25 DISTRIBUTION OF INDUSTRY MEDICAL AND HEALTH R&D INVESTMENTS,
BY SEGMENT (2020) 68
8 COMPETITIVE LANDSCAPE 70
8.1 OVERVIEW 70
8.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 70
8.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET 71
8.3 REVENUE SHARE ANALYSIS OF THE TOP MARKET PLAYERS 72
8.4 MARKET RANKING ANALYSIS 73
FIGURE 27 US HEALTHCARE ENVIRONMENTAL SERVICE MARKET RANKING,
BY KEY PLAYER, 2020 73
8.5 COMPETITIVE BENCHMARKING 75
TABLE 15 FOOTPRINT OF COMPANIES IN THE HEALTHCARE ENVIRONMENTAL
SERVICES MARKET 75
TABLE 16 SERVICE FOOTPRINT OF COMPANIES 76
TABLE 17 END-USER FOOTPRINT OF COMPANIES 77
8.6 COMPETITIVE LEADERSHIP MAPPING 77
8.6.1 STARS 78
8.6.2 EMERGING LEADERS 78
8.6.3 PERVASIVE PLAYERS 78
8.6.4 PARTICIPANTS 78
FIGURE 28 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET:
COMPETITIVE LEADERSHIP MAPPING (2021) 79
8.7 COMPETITIVE SCENARIO 80
8.7.1 SERVICE APPROVALS/ENHANCEMENTS 80
8.7.2 DEALS 81
TABLE 19 DEALS, 2018–2022 81
8.7.3 OTHER DEVELOPMENTS 82
9 COMPANY PROFILES 83
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
9.1 SODEXO GLOBAL 83
TABLE 21 SODEXO GLOBAL: BUSINESS OVERVIEW 83
FIGURE 29 SODEXO GLOBAL: COMPANY SNAPSHOT (2021) 84
9.2 COMPASS GROUP (CROTHALL HEALTHCARE (US)) 87
TABLE 22 COMPASS GROUP: BUSINESS OVERVIEW 87
FIGURE 30 COMPASS GROUP: COMPANY SNAPSHOT (2021) 88
9.3 ARAMARK CORPORATION 90
TABLE 23 ARAMARK CORPORATION: BUSINESS OVERVIEW 90
FIGURE 31 ARAMARK CORPORATION: COMPANY SNAPSHOT (2021) 91
9.4 HOSPITAL HOUSEKEEPING SYSTEMS (HHS) (US) 94
TABLE 24 HOSPITAL HOUSEKEEPING SYSTEMS (HHS): BUSINESS OVERVIEW 94
9.5 HEALTHCARE SERVICES GROUP, INC. 97
TABLE 25 HEALTHCARE SERVICES GROUP, INC.: BUSINESS OVERVIEW 97
FIGURE 32 HEALTHCARE SERVICES GROUP: COMPANY SNAPSHOT (2020) 98
9.6 ABM INDUSTRIES INCORPORATED 100
TABLE 26 ABM INDUSTRIES INCORPORATED: BUSINESS OVERVIEW 100
FIGURE 33 ABM INDUSTRIES INCORPORATED: COMPANY SNAPSHOT (2020) 101
9.7 OCTOCLEAN 103
TABLE 27 OCTOCLEAN: BUSINESS OVERVIEW 103
9.8 SERVICEMASTER CLEAN (SERVICEMASTER TBS) 105
TABLE 28 SERVICEMASTER CLEAN.: BUSINESS OVERVIEW 105
9.9 CORVUS JANITORIAL SYSTEMS 107
TABLE 29 CORVUS JANITORIAL SYSTEMS: BUSINESS OVERVIEW 107
9.10 BRAVO! BUILDING SERVICES 109
TABLE 30 BRAVO! BUILDING SERVICES: BUSINESS OVERVIEW 109
9.11 POWERLINK ENVIRONMENTAL SERVICES, LLC 111
TABLE 31 POWERLINK ENVIRONMENTAL SERVICES, LLC: BUSINESS OVERVIEW 111
9.12 JANI-KING INTERNATIONAL, INC. 112
TABLE 32 JANI- KING INTERNATIONAL, INC: BUSINESS OVERVIEW 112
9.13 AVI FOOD SYSTEMS(US) 114
TABLE 33 AVI FOOD SYTEMS, INC.: BUSINESS OVERVIEW 114
9.14 SERVICON 115
TABLE 34 SERVICON: BUSINESS OVERVIEW 115
9.15 XANITOS, INC. 117
TABLE 35 XANITOS, INC.: BUSINESS OVERVIEW 117
9.16 STATHAKIS 119
TABLE 36 STATHAKIS: BUSINESS OVERVIEW 119
*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.
10 APPENDIX 120
10.1 INSIGHTS FROM INDUSTRY EXPERTS 120
10.2 DISCUSSION GUIDE 121
10.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 124
10.4 AVAILABLE CUSTOMIZATIONS 126
10.5 RELATED REPORTS 126
10.6 AUTHOR DETAILS 127
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