by Type (Human Cornea, Artificial Cornea), Transplant Type (Penetrating Keratoplasty, Endothelial Keratoplasty), Disease Indication, End Users (Hospitals, Specialty Clinics & ASCs) - Global Forecast to 2026
Publisher: MarketsandMarkets
# of Pages: 152
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TABLE OF CONTENTS
1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
1.2.1 INCLUSIONS & EXCLUSIONS 23
1.3 MARKET SCOPE 24
1.3.1 MARKETS COVERED 24
1.3.2 YEARS CONSIDERED FOR THE STUDY 24
1.4 CURRENCY 25
1.5 LIMITATIONS 25
1.6 STAKEHOLDERS 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
FIGURE 1 RESEARCH DESIGN 26
2.1.1 SECONDARY DATA 27
2.1.1.1 Key data from secondary sources 27
2.1.2 PRIMARY DATA 28
FIGURE 2 PRIMARY SOURCES 28
2.1.2.1 Key data from primary sources 29
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 29
2.2 MARKET SIZE ESTIMATION 30
FIGURE 4 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS OF THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET (2020) 31
FIGURE 5 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET (2021–2026) 32
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 33
FIGURE 6 DATA TRIANGULATION METHODOLOGY 33
2.4 ASSUMPTIONS FOR THE STUDY 34
3 EXECUTIVE SUMMARY 35
FIGURE 7 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 35
FIGURE 8 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2021 VS. 2026 (USD MILLION) 36
FIGURE 9 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2021 VS. 2026 (USD MILLION) 36
FIGURE 10 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 37
FIGURE 11 GEOGRAPHICAL SNAPSHOT OF THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET 38
4 PREMIUM INSIGHTS 39
4.1 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET OVERVIEW 39
FIGURE 12 RISING PREFERENCE OF EYE DISEASES TO DRIVE MARKET GROWTH 39
4.2 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE AND END USER (2020) 40
FIGURE 13 HUMAN CORNEA SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF
THE APAC MARKET IN 2020 40
4.3 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY REGION, 2021−2026 40
FIGURE 14 NORTH AMERICA WILL CONTINUE TO DOMINATE THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET IN THE FORECAST PERIOD 40
4.4 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET:
DEVELOPING VS. DEVELOPED MARKETS 41
FIGURE 15 DEVELOPING MARKETS TO REGISTER HIGHER GROWTH DURING
THE FORECAST PERIOD 41
4.5 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 42
FIGURE 16 CHINA TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 43
TABLE 1 MARKET DYNAMICS: IMPACT ANALYSIS 43
5.2.1 MARKET DRIVERS 43
5.2.1.1 Rapid growth in the geriatric population 43
FIGURE 17 GERIATRIC POPULATION AS A PERCENTAGE OF THE TOTAL POPULATION,
BY REGION, 2017 VS. 2050 44
5.2.1.2 Rising prevalence of eye diseases 44
5.2.1.2.1 Corneal blindness 45
5.2.1.2.2 Cataracts 45
TABLE 2 TOTAL NUMBER OF CATARACT SURGICAL PROCEDURES PERFORMED,
BY COUNTRY, 2017 VS. 2018 45
5.2.1.2.3 Glaucoma 46
TABLE 3 NUMBER OF GLAUCOMA PATIENTS, BY REGION AND TYPE,
2013 VS. 2020 VS. 2040 (MILLION) 46
5.2.1.2.4 Obesity and diabetes 46
TABLE 4 NUMBER OF PEOPLE WITH DIABETES, BY REGION,
2019 VS. 2030 VS. 2045 (MILLION) 47
5.2.1.3 Increasing government initiatives to control visual impairment 47
5.2.2 RESTRAINTS 48
5.2.2.1 High cost of ophthalmology devices and surgical procedures 48
5.2.3 OPPORTUNITIES 48
5.2.3.1 Shortage of corneal donors 48
5.2.3.2 Untapped potential of emerging markets 48
5.2.4 CHALLENGES 49
5.2.4.1 Lack of awareness and low access to eye care in low-income economies 49
5.2.4.2 Shortage of ophthalmologists 50
6 INDUSTRY INSIGHTS 51
6.1 INTRODUCTION 51
6.2 INDUSTRY TRENDS 51
6.2.1 3D-PRINTED HUMAN CORNEAS 51
6.2.2 OCT ANGIOGRAPHY DEVICES 51
6.2.3 ADVANCES IN REFRACTIVE SURGERY 52
6.3 IMPACT OF COVID-19 ON THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET 52
6.4 VALUE CHAIN ANALYSIS 53
FIGURE 18 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET: VALUE CHAIN ANALYSIS 53
6.5 ECOSYSTEM 54
FIGURE 19 ECOSYSTEM: ARTIFICIAL CORNEAL IMPLANTS MARKET (2019) 54
6.6 REGULATORY ANALYSIS 54
TABLE 5 STRINGENCY OF REGULATIONS FOR OPHTHALMIC EQUIPMENT, BY REGION 54
6.6.1 NORTH AMERICA 55
6.6.1.1 US 55
TABLE 6 US: CLASSIFICATION OF OPHTHALMIC EQUIPMENT 55
TABLE 7 US: TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 55
6.6.1.2 Canada 56
TABLE 8 CANADA: LEVEL OF RISK, TIME, COST, AND COMPLEXITY OF
THE REGISTRATION PROCESS 56
6.6.2 EUROPE 56
TABLE 9 EUROPE: LEVEL OF RISK, TIME, COST, AND COMPLEXITY OF
THE REGISTRATION PROCESS 57
TABLE 10 EUROPE: CLASSIFICATION OF ARTIFICIAL CORNEAL IMPLANTS ALONG WITH OTHER OPHTHALMIC EQUIPMENT 57
6.6.3 ASIA PACIFIC 58
6.6.3.1 Japan 58
TABLE 11 JAPAN: TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 58
6.6.3.2 China 59
TABLE 12 CHINA: TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 59
7 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE 60
7.1 INTRODUCTION 61
TABLE 13 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 61
7.2 HUMAN CORNEA 61
7.2.1 INCREASING PREVALENCE OF CORNEAL BLINDNESS TO DRIVE MARKET GROWTH 61
TABLE 14 US: TOTAL DONATIONS AND DISTRIBUTION OF TISSUE, 2019 62
FIGURE 20 US: CORNEAL TRANSPLANT SUPPLIED BY EYE BANKS, 2010−2019 62
TABLE 15 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR HUMAN CORNEA, BY COUNTRY, 2019–2026 (USD MILLION) 63
7.3 ARTIFICIAL CORNEA 63
7.3.1 SCARCITY OF HUMAN EYE DONORS HAS PROPELLED MARKET GROWTH 63
TABLE 16 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR ARTIFICIAL CORNEA, BY COUNTRY, 2019–2026 (USD MILLION) 64
8 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE 65
8.1 INTRODUCTION 66
TABLE 17 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 66
FIGURE 21 US: SURGERY TRENDS, 2010−2019 66
8.2 PENETRATING KERATOPLASTY 67
8.2.1 PK ENABLES THE ABILITY TO TREAT KERATITIS AND INJURY OF THE EYEBALL 67
TABLE 18 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR PENETRATING KERATOPLASTY, BY COUNTRY, 2019–2026 (USD MILLION) 67
8.3 ENDOTHELIAL KERATOPLASTY 68
8.3.1 ADVANTAGES SUCH AS FASTER VISUAL RECOVERY AND LESS PRONE TO INJURY ARE SUPPORTING THE GROWTH OF THIS SEGMENT 68
TABLE 19 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR ENDOTHELIAL KERATOPLASTY, BY COUNTRY, 2019–2026 (USD MILLION) 68
8.4 OTHER TRANSPLANTS 69
TABLE 20 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR OTHER TRANSPLANTS, BY COUNTRY, 2019–2026 (USD MILLION) 69
9 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION 70
9.1 INTRODUCTION 71
TABLE 21 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 71
9.2 FUCHS’ DYSTROPHY 71
9.2.1 RISING PREVALENCE OF FUCHS’ DYSTROPHY IS THE KEY FACTOR DRIVING MARKET GROWTH 71
TABLE 22 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR FUCHS’ DYSTROPHY, BY COUNTRY, 2019–2026 (USD MILLION) 72
9.3 FUNGAL KERATITIS 72
9.3.1 LARGE PATIENT POPULATION SUFFERING FROM FUNGUS KERATITIS TO DRIVE MARKET GROWTH 72
TABLE 23 ESTIMATED ANNUAL INCIDENCE OF FUNGAL KERATITIS, BY REGION (2019) 73
TABLE 24 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR FUNGAL KERATITIS, BY COUNTRY, 2019–2026 (USD MILLION) 73
9.4 KERATOCONUS 74
9.4.1 INCREASING RESEARCH ON KERATOCONUS TREATMENT TO SUPPORT MARKET GROWTH 74
TABLE 25 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR KERATOCONUS, BY COUNTRY, 2019–2026 (USD MILLION) 74
9.5 OTHER DISEASES 75
TABLE 26 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR OTHER DISEASES, BY COUNTRY, 2019–2026 (USD MILLION) 75
10 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER 76
10.1 INTRODUCTION 77
TABLE 27 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 77
10.2 IMPACT OF COVID-19 ON THE END-USER MARKET 77
10.3 HOSPITALS 77
10.3.1 LARGE PATIENT POOL AND HIGH PURCHASING POWER OF HOSPITALS ARE THE KEY FACTORS DRIVING MARKET GROWTH 77
TABLE 28 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR HOSPITALS,
BY COUNTRY, 2019–2026 (USD MILLION) 78
10.4 SPECIALTY CLINICS & AMBULATORY SURGERY CENTERS 78
10.4.1 COST-EFFECTIVENESS OF AMBULATORY CARE HAS RESULTED IN GROWING END-USER INTEREST TOWARDS ASCS 78
TABLE 29 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR SPECIALTY CLINICS & AMBULATORY SURGERY CENTERS, BY COUNTRY,
2019–2026 (USD MILLION) 79
11 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY REGION 80
11.1 INTRODUCTION 81
TABLE 30 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY REGION,
2019–2026 (USD MILLION) 81
TABLE 31 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 82
11.2 NORTH AMERICA 82
TABLE 32 EYE BANKING STATISTICS IN NORTH AMERICA REPORTED BY EBAA MEMBERS: COUNTRIES OF DESTINATION (2019) 83
FIGURE 22 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET SNAPSHOT 84
TABLE 33 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 85
TABLE 34 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 85
TABLE 35 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 85
TABLE 36 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 86
TABLE 37 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 86
11.2.1 US 86
11.2.1.1 The US dominates the artificial cornea and corneal implants market 86
FIGURE 23 EYE BANKING STATISTICS IN THE US: AVERAGE CORNEAS RECOVERED FOR TRANSPLANT (2011-2019) 87
TABLE 38 US: KEY MACROINDICATORS 87
TABLE 39 US: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 87
TABLE 40 US: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 88
TABLE 41 US: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 88
TABLE 42 US: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 88
11.2.2 CANADA 89
11.2.2.1 Growing number of cataract and diabetic retinopathy cases to propel market growth 89
TABLE 43 CANADA: KEY MACROINDICATORS 89
TABLE 44 CANADA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 89
TABLE 45 CANADA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 90
TABLE 46 CANADA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 90
TABLE 47 CANADA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 90
11.3 EUROPE 91
TABLE 48 EYE BANKING STATISTICS IN EUROPE REPORTED BY EBAA MEMBERS: COUNTRIES OF DESTINATION (2019) 91
TABLE 49 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 92
TABLE 50 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 92
TABLE 51 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 92
TABLE 52 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 93
TABLE 53 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 93
11.3.1 GERMANY 93
11.3.1.1 Established healthcare infrastructure and higher healthcare spending to drive the market growth 93
TABLE 54 GERMANY: KEY MACROINDICATORS 94
TABLE 55 GERMANY: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 94
TABLE 56 GERMANY: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 94
TABLE 57 GERMANY: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 95
TABLE 58 GERMANY: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 95
11.3.2 UK 95
11.3.2.1 Rising prevalence of diabetes and related eye diseases to support market growth 95
FIGURE 24 UK: NUMBER OF CORNEAS RETRIEVED TO NHSBT EYE BANKS AND CORNEAS GRAFTED 96
FIGURE 25 UK: NUMBER OF CORNEAL TRANSPLANTS, BY INDICATION, 2010−2020 96
TABLE 59 UK: KEY MACROINDICATORS 97
TABLE 60 UK: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 97
TABLE 61 UK: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 97
TABLE 62 UK: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 98
TABLE 63 UK: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 98
11.3.3 FRANCE 98
11.3.3.1 Growing awareness of eye health to drive the market growth in France 98
TABLE 64 FRANCE: KEY MACROINDICATORS 99
TABLE 65 FRANCE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 99
TABLE 66 FRANCE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 99
TABLE 67 FRANCE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 100
TABLE 68 FRANCE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 100
11.3.4 REST OF EUROPE 100
FIGURE 26 ITALY: NUMBER OF CORNEA DONATIONS, 2014-2019 101
TABLE 69 ROE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 101
TABLE 70 ROE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 101
TABLE 71 ROE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 102
TABLE 72 ROE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 102
11.4 ASIA PACIFIC 102
TABLE 73 EYE BANKING STATISTICS IN THE ASIA PACIFIC REPORTED
BY EBAA MEMBERS: COUNTRIES OF DESTINATION (2019) 103
FIGURE 27 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET SNAPSHOT 104
TABLE 74 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 105
TABLE 75 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 105
TABLE 76 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 105
TABLE 77 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 106
TABLE 78 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 106
11.4.1 CHINA 106
11.4.1.1 China to register the highest growth rate in the artificial cornea and corneal implants market 106
TABLE 79 CHINA: KEY MACROINDICATORS 107
TABLE 80 CHINA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 107
TABLE 81 CHINA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 108
TABLE 82 CHINA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 108
TABLE 83 CHINA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 108
11.4.2 JAPAN 109
11.4.2.1 Large geriatric population in the country to support market growth 109
TABLE 84 JAPAN: KEY MACROINDICATORS 109
TABLE 85 JAPAN: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 109
TABLE 86 JAPAN: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 110
TABLE 87 JAPAN: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 110
TABLE 88 JAPAN: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 110
11.4.3 REST OF ASIA PACIFIC 111
TABLE 89 INDIA: NUMBER OF DONATED EYES FOR CORNEAL TRANSPLANTATION 112
TABLE 90 ROAPAC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 112
TABLE 91 ROAPAC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 112
TABLE 92 ROAPAC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 113
TABLE 93 ROAPAC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 113
11.5 LATIN AMERICA 113
11.5.1 GOVERNMENT INITIATIVES TO INCREASE AWARENESS ABOUT VISION CARE TO SUPPORT MARKET GROWTH 113
TABLE 94 ESTIMATED ANNUAL INCIDENCE OF FUNGAL KERATITIS IN LATIN AMERICA 114
FIGURE 28 NUMBER OF CORNEA TRANSPLANTS PERFORMED IN BRAZIL AND MEXICO FROM 2010 TO 2019 (THOUSAND) 114
TABLE 95 LATIN AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 114
TABLE 96 LATIN AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 115
TABLE 97 LATIN AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 115
TABLE 98 LATIN AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 115
11.6 MIDDLE EAST & AFRICA 116
11.6.1 RISING MEDICAL TOURISM IS THE KEY GROWTH DRIVER FOR THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET IN THE MEA 116
TABLE 99 MIDDLE EAST & AFRICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 116
TABLE 100 MIDDLE EAST & AFRICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 117
TABLE 101 MIDDLE EAST & AFRICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY DISEASE INDICATION, 2019–2026 (USD MILLION) 117
TABLE 102 MIDDLE EAST & AFRICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 117
12 COMPETITIVE LANDSCAPE 118
12.1 OVERVIEW 118
FIGURE 29 KEY DEVELOPMENTS IN THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FROM JANUARY 2018 TO DECEMBER 2020 118
FIGURE 30 MARKET EVALUATION FRAMEWORK: OTHER DEVELOPMENTS WAS THE MOST WIDELY ADOPTED STRATEGY BETWEEN 2018 & 2020 119
12.2 ARTIFICIAL CORNEA MARKET RANKING 119
12.3 HUMAN CORNEA MARKET RANKING 120
12.4 PRODUCT BENCHMARKING 120
FIGURE 31 PRODUCT PORTFOLIO ANALYSIS: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET (2020) 121
12.5 COMPETITIVE SITUATIONS & TRENDS 121
12.5.1 PRODUCT LAUNCHES & APPROVALS 121
12.5.2 ACQUISITIONS 121
12.5.3 EXPANSIONS 122
12.5.4 OTHER DEVELOPMENTS 122
13 COMPANY EVALUATION MATRIX DEFINITION & METHODOLOGY AND COMPANY PROFILES 123
13.1 COMPETITIVE LEADERSHIP MAPPING 123
13.1.1 STARS 123
13.1.2 EMERGING LEADERS 123
13.1.3 PERVASIVE COMPANIES 124
13.1.4 EMERGING COMPANIES 124
FIGURE 32 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET: COMPETITIVE LEADERSHIP MAPPING (2020) 124
13.2 COMPETITIVE LEADERSHIP MAPPING FOR STARTUPS 125
13.2.1 PROGRESSIVE COMPANIES 125
13.2.2 DYNAMIC COMPANIES 125
13.2.3 STARTING BLOCKS 125
13.2.4 RESPONSIVE COMPANIES 125
FIGURE 33 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET: STARTUP COMPANY EVALUATION MATRIX (2020) 126
13.3 COMPANY PROFILES 127
(Business overview, Products offered, Recent developments)*
13.3.1 AJL OPHTHALMIC S.A. 127
13.3.2 CORNEAGEN, INC. 128
13.3.3 ADDITION TECHNOLOGY, INC. 129
13.3.4 LINKOCARE LIFE SCIENCES AB 130
13.3.5 PRESBIA PLC 131
FIGURE 34 PRESBIA PLC: COMPANY SNAPSHOT (2018) 131
13.3.6 MEDIPHACOS 132
13.3.7 AUROLAB 133
13.3.8 CORNEA BIOSCIENCES, INC. 134
13.3.9 DIOPTEX MEDIZINPRODUKTE FORSCHUNGS-, ENTWICKLUNGS- UND VERTRIEBS GMBH (DIOPTEX GMBH) 135
13.3.10 EYEYON MEDICAL 136
13.3.11 MASSACHUSETTS EYE AND EAR 137
FIGURE 35 MASSACHUSETTS EYE AND EAR: COMPANY SNAPSHOT (2020) 137
13.3.12 FLORIDA LIONS EYE BANK 138
FIGURE 36 FLORIDA LIONS EYE BANK: COMPANY SNAPSHOT (2019) 138
13.3.13 SIGHTLIFE 139
FIGURE 37 SIGHTLIFE: COMPANY SNAPSHOT (2019) 139
13.3.14 ADVANCING SIGHT NETWORK 140
13.3.15 SAN DIEGO EYE BANK 141
13.3.16 L V PRASAD EYE INSTITUTE 142
13.3.17 NEW MEXICO LIONS EYE BANK 143
13.3.18 SAN ANTONIO EYE BANK 144
13.3.19 KANSAS EYE BANK & CORNEA RESEARCH CENTER 145
13.3.20 ROCKY MOUNTAIN LIONS EYE BANK 146
13.3.21 CORNEAT VISION 147
13.3.22 KERAMED, INC. 148
*Business overview, Products offered, Recent developments might not be captured in case of unlisted companies.
14 APPENDIX 149
14.1 INSIGHTS OF INDUSTRY EXPERTS 149
14.2 DISCUSSION GUIDE 150
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 153
14.4 AVAILABLE CUSTOMIZATIONS 155
14.5 AUTHOR DETAILS 156
TABLE OF CONTENTS
1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
1.2.1 INCLUSIONS & EXCLUSIONS 23
1.3 MARKET SCOPE 24
1.3.1 MARKETS COVERED 24
1.3.2 YEARS CONSIDERED FOR THE STUDY 24
1.4 CURRENCY 25
1.5 LIMITATIONS 25
1.6 STAKEHOLDERS 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
FIGURE 1 RESEARCH DESIGN 26
2.1.1 SECONDARY DATA 27
2.1.1.1 Key data from secondary sources 27
2.1.2 PRIMARY DATA 28
FIGURE 2 PRIMARY SOURCES 28
2.1.2.1 Key data from primary sources 29
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 29
2.2 MARKET SIZE ESTIMATION 30
FIGURE 4 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS OF THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET (2020) 31
FIGURE 5 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET (2021–2026) 32
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 33
FIGURE 6 DATA TRIANGULATION METHODOLOGY 33
2.4 ASSUMPTIONS FOR THE STUDY 34
3 EXECUTIVE SUMMARY 35
FIGURE 7 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 35
FIGURE 8 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2021 VS. 2026 (USD MILLION) 36
FIGURE 9 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2021 VS. 2026 (USD MILLION) 36
FIGURE 10 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 37
FIGURE 11 GEOGRAPHICAL SNAPSHOT OF THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET 38
4 PREMIUM INSIGHTS 39
4.1 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET OVERVIEW 39
FIGURE 12 RISING PREFERENCE OF EYE DISEASES TO DRIVE MARKET GROWTH 39
4.2 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE AND END USER (2020) 40
FIGURE 13 HUMAN CORNEA SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF
THE APAC MARKET IN 2020 40
4.3 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY REGION, 2021−2026 40
FIGURE 14 NORTH AMERICA WILL CONTINUE TO DOMINATE THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET IN THE FORECAST PERIOD 40
4.4 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET:
DEVELOPING VS. DEVELOPED MARKETS 41
FIGURE 15 DEVELOPING MARKETS TO REGISTER HIGHER GROWTH DURING
THE FORECAST PERIOD 41
4.5 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 42
FIGURE 16 CHINA TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 43
TABLE 1 MARKET DYNAMICS: IMPACT ANALYSIS 43
5.2.1 MARKET DRIVERS 43
5.2.1.1 Rapid growth in the geriatric population 43
FIGURE 17 GERIATRIC POPULATION AS A PERCENTAGE OF THE TOTAL POPULATION,
BY REGION, 2017 VS. 2050 44
5.2.1.2 Rising prevalence of eye diseases 44
5.2.1.2.1 Corneal blindness 45
5.2.1.2.2 Cataracts 45
TABLE 2 TOTAL NUMBER OF CATARACT SURGICAL PROCEDURES PERFORMED,
BY COUNTRY, 2017 VS. 2018 45
5.2.1.2.3 Glaucoma 46
TABLE 3 NUMBER OF GLAUCOMA PATIENTS, BY REGION AND TYPE,
2013 VS. 2020 VS. 2040 (MILLION) 46
5.2.1.2.4 Obesity and diabetes 46
TABLE 4 NUMBER OF PEOPLE WITH DIABETES, BY REGION,
2019 VS. 2030 VS. 2045 (MILLION) 47
5.2.1.3 Increasing government initiatives to control visual impairment 47
5.2.2 RESTRAINTS 48
5.2.2.1 High cost of ophthalmology devices and surgical procedures 48
5.2.3 OPPORTUNITIES 48
5.2.3.1 Shortage of corneal donors 48
5.2.3.2 Untapped potential of emerging markets 48
5.2.4 CHALLENGES 49
5.2.4.1 Lack of awareness and low access to eye care in low-income economies 49
5.2.4.2 Shortage of ophthalmologists 50
6 INDUSTRY INSIGHTS 51
6.1 INTRODUCTION 51
6.2 INDUSTRY TRENDS 51
6.2.1 3D-PRINTED HUMAN CORNEAS 51
6.2.2 OCT ANGIOGRAPHY DEVICES 51
6.2.3 ADVANCES IN REFRACTIVE SURGERY 52
6.3 IMPACT OF COVID-19 ON THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET 52
6.4 VALUE CHAIN ANALYSIS 53
FIGURE 18 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET: VALUE CHAIN ANALYSIS 53
6.5 ECOSYSTEM 54
FIGURE 19 ECOSYSTEM: ARTIFICIAL CORNEAL IMPLANTS MARKET (2019) 54
6.6 REGULATORY ANALYSIS 54
TABLE 5 STRINGENCY OF REGULATIONS FOR OPHTHALMIC EQUIPMENT, BY REGION 54
6.6.1 NORTH AMERICA 55
6.6.1.1 US 55
TABLE 6 US: CLASSIFICATION OF OPHTHALMIC EQUIPMENT 55
TABLE 7 US: TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 55
6.6.1.2 Canada 56
TABLE 8 CANADA: LEVEL OF RISK, TIME, COST, AND COMPLEXITY OF
THE REGISTRATION PROCESS 56
6.6.2 EUROPE 56
TABLE 9 EUROPE: LEVEL OF RISK, TIME, COST, AND COMPLEXITY OF
THE REGISTRATION PROCESS 57
TABLE 10 EUROPE: CLASSIFICATION OF ARTIFICIAL CORNEAL IMPLANTS ALONG WITH OTHER OPHTHALMIC EQUIPMENT 57
6.6.3 ASIA PACIFIC 58
6.6.3.1 Japan 58
TABLE 11 JAPAN: TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 58
6.6.3.2 China 59
TABLE 12 CHINA: TIME, COST, AND COMPLEXITY OF THE REGISTRATION PROCESS 59
7 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE 60
7.1 INTRODUCTION 61
TABLE 13 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 61
7.2 HUMAN CORNEA 61
7.2.1 INCREASING PREVALENCE OF CORNEAL BLINDNESS TO DRIVE MARKET GROWTH 61
TABLE 14 US: TOTAL DONATIONS AND DISTRIBUTION OF TISSUE, 2019 62
FIGURE 20 US: CORNEAL TRANSPLANT SUPPLIED BY EYE BANKS, 2010−2019 62
TABLE 15 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR HUMAN CORNEA, BY COUNTRY, 2019–2026 (USD MILLION) 63
7.3 ARTIFICIAL CORNEA 63
7.3.1 SCARCITY OF HUMAN EYE DONORS HAS PROPELLED MARKET GROWTH 63
TABLE 16 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR ARTIFICIAL CORNEA, BY COUNTRY, 2019–2026 (USD MILLION) 64
8 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE 65
8.1 INTRODUCTION 66
TABLE 17 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 66
FIGURE 21 US: SURGERY TRENDS, 2010−2019 66
8.2 PENETRATING KERATOPLASTY 67
8.2.1 PK ENABLES THE ABILITY TO TREAT KERATITIS AND INJURY OF THE EYEBALL 67
TABLE 18 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR PENETRATING KERATOPLASTY, BY COUNTRY, 2019–2026 (USD MILLION) 67
8.3 ENDOTHELIAL KERATOPLASTY 68
8.3.1 ADVANTAGES SUCH AS FASTER VISUAL RECOVERY AND LESS PRONE TO INJURY ARE SUPPORTING THE GROWTH OF THIS SEGMENT 68
TABLE 19 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR ENDOTHELIAL KERATOPLASTY, BY COUNTRY, 2019–2026 (USD MILLION) 68
8.4 OTHER TRANSPLANTS 69
TABLE 20 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR OTHER TRANSPLANTS, BY COUNTRY, 2019–2026 (USD MILLION) 69
9 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION 70
9.1 INTRODUCTION 71
TABLE 21 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 71
9.2 FUCHS’ DYSTROPHY 71
9.2.1 RISING PREVALENCE OF FUCHS’ DYSTROPHY IS THE KEY FACTOR DRIVING MARKET GROWTH 71
TABLE 22 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR FUCHS’ DYSTROPHY, BY COUNTRY, 2019–2026 (USD MILLION) 72
9.3 FUNGAL KERATITIS 72
9.3.1 LARGE PATIENT POPULATION SUFFERING FROM FUNGUS KERATITIS TO DRIVE MARKET GROWTH 72
TABLE 23 ESTIMATED ANNUAL INCIDENCE OF FUNGAL KERATITIS, BY REGION (2019) 73
TABLE 24 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR FUNGAL KERATITIS, BY COUNTRY, 2019–2026 (USD MILLION) 73
9.4 KERATOCONUS 74
9.4.1 INCREASING RESEARCH ON KERATOCONUS TREATMENT TO SUPPORT MARKET GROWTH 74
TABLE 25 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR KERATOCONUS, BY COUNTRY, 2019–2026 (USD MILLION) 74
9.5 OTHER DISEASES 75
TABLE 26 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR OTHER DISEASES, BY COUNTRY, 2019–2026 (USD MILLION) 75
10 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER 76
10.1 INTRODUCTION 77
TABLE 27 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 77
10.2 IMPACT OF COVID-19 ON THE END-USER MARKET 77
10.3 HOSPITALS 77
10.3.1 LARGE PATIENT POOL AND HIGH PURCHASING POWER OF HOSPITALS ARE THE KEY FACTORS DRIVING MARKET GROWTH 77
TABLE 28 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR HOSPITALS,
BY COUNTRY, 2019–2026 (USD MILLION) 78
10.4 SPECIALTY CLINICS & AMBULATORY SURGERY CENTERS 78
10.4.1 COST-EFFECTIVENESS OF AMBULATORY CARE HAS RESULTED IN GROWING END-USER INTEREST TOWARDS ASCS 78
TABLE 29 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FOR SPECIALTY CLINICS & AMBULATORY SURGERY CENTERS, BY COUNTRY,
2019–2026 (USD MILLION) 79
11 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY REGION 80
11.1 INTRODUCTION 81
TABLE 30 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY REGION,
2019–2026 (USD MILLION) 81
TABLE 31 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 82
11.2 NORTH AMERICA 82
TABLE 32 EYE BANKING STATISTICS IN NORTH AMERICA REPORTED BY EBAA MEMBERS: COUNTRIES OF DESTINATION (2019) 83
FIGURE 22 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET SNAPSHOT 84
TABLE 33 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 85
TABLE 34 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 85
TABLE 35 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 85
TABLE 36 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 86
TABLE 37 NORTH AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 86
11.2.1 US 86
11.2.1.1 The US dominates the artificial cornea and corneal implants market 86
FIGURE 23 EYE BANKING STATISTICS IN THE US: AVERAGE CORNEAS RECOVERED FOR TRANSPLANT (2011-2019) 87
TABLE 38 US: KEY MACROINDICATORS 87
TABLE 39 US: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 87
TABLE 40 US: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 88
TABLE 41 US: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 88
TABLE 42 US: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 88
11.2.2 CANADA 89
11.2.2.1 Growing number of cataract and diabetic retinopathy cases to propel market growth 89
TABLE 43 CANADA: KEY MACROINDICATORS 89
TABLE 44 CANADA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 89
TABLE 45 CANADA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 90
TABLE 46 CANADA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 90
TABLE 47 CANADA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 90
11.3 EUROPE 91
TABLE 48 EYE BANKING STATISTICS IN EUROPE REPORTED BY EBAA MEMBERS: COUNTRIES OF DESTINATION (2019) 91
TABLE 49 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 92
TABLE 50 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 92
TABLE 51 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 92
TABLE 52 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 93
TABLE 53 EUROPE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 93
11.3.1 GERMANY 93
11.3.1.1 Established healthcare infrastructure and higher healthcare spending to drive the market growth 93
TABLE 54 GERMANY: KEY MACROINDICATORS 94
TABLE 55 GERMANY: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 94
TABLE 56 GERMANY: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 94
TABLE 57 GERMANY: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 95
TABLE 58 GERMANY: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 95
11.3.2 UK 95
11.3.2.1 Rising prevalence of diabetes and related eye diseases to support market growth 95
FIGURE 24 UK: NUMBER OF CORNEAS RETRIEVED TO NHSBT EYE BANKS AND CORNEAS GRAFTED 96
FIGURE 25 UK: NUMBER OF CORNEAL TRANSPLANTS, BY INDICATION, 2010−2020 96
TABLE 59 UK: KEY MACROINDICATORS 97
TABLE 60 UK: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 97
TABLE 61 UK: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 97
TABLE 62 UK: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 98
TABLE 63 UK: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 98
11.3.3 FRANCE 98
11.3.3.1 Growing awareness of eye health to drive the market growth in France 98
TABLE 64 FRANCE: KEY MACROINDICATORS 99
TABLE 65 FRANCE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 99
TABLE 66 FRANCE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 99
TABLE 67 FRANCE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 100
TABLE 68 FRANCE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 100
11.3.4 REST OF EUROPE 100
FIGURE 26 ITALY: NUMBER OF CORNEA DONATIONS, 2014-2019 101
TABLE 69 ROE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 101
TABLE 70 ROE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 101
TABLE 71 ROE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 102
TABLE 72 ROE: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 102
11.4 ASIA PACIFIC 102
TABLE 73 EYE BANKING STATISTICS IN THE ASIA PACIFIC REPORTED
BY EBAA MEMBERS: COUNTRIES OF DESTINATION (2019) 103
FIGURE 27 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET SNAPSHOT 104
TABLE 74 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 105
TABLE 75 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 105
TABLE 76 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 105
TABLE 77 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 106
TABLE 78 ASIA PACIFIC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 106
11.4.1 CHINA 106
11.4.1.1 China to register the highest growth rate in the artificial cornea and corneal implants market 106
TABLE 79 CHINA: KEY MACROINDICATORS 107
TABLE 80 CHINA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 107
TABLE 81 CHINA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 108
TABLE 82 CHINA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 108
TABLE 83 CHINA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 108
11.4.2 JAPAN 109
11.4.2.1 Large geriatric population in the country to support market growth 109
TABLE 84 JAPAN: KEY MACROINDICATORS 109
TABLE 85 JAPAN: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 109
TABLE 86 JAPAN: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 110
TABLE 87 JAPAN: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 110
TABLE 88 JAPAN: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 110
11.4.3 REST OF ASIA PACIFIC 111
TABLE 89 INDIA: NUMBER OF DONATED EYES FOR CORNEAL TRANSPLANTATION 112
TABLE 90 ROAPAC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 112
TABLE 91 ROAPAC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 112
TABLE 92 ROAPAC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 113
TABLE 93 ROAPAC: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 113
11.5 LATIN AMERICA 113
11.5.1 GOVERNMENT INITIATIVES TO INCREASE AWARENESS ABOUT VISION CARE TO SUPPORT MARKET GROWTH 113
TABLE 94 ESTIMATED ANNUAL INCIDENCE OF FUNGAL KERATITIS IN LATIN AMERICA 114
FIGURE 28 NUMBER OF CORNEA TRANSPLANTS PERFORMED IN BRAZIL AND MEXICO FROM 2010 TO 2019 (THOUSAND) 114
TABLE 95 LATIN AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 114
TABLE 96 LATIN AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 115
TABLE 97 LATIN AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY DISEASE INDICATION, 2019–2026 (USD MILLION) 115
TABLE 98 LATIN AMERICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET,
BY END USER, 2019–2026 (USD MILLION) 115
11.6 MIDDLE EAST & AFRICA 116
11.6.1 RISING MEDICAL TOURISM IS THE KEY GROWTH DRIVER FOR THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET IN THE MEA 116
TABLE 99 MIDDLE EAST & AFRICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 116
TABLE 100 MIDDLE EAST & AFRICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY TRANSPLANT TYPE, 2019–2026 (USD MILLION) 117
TABLE 101 MIDDLE EAST & AFRICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY DISEASE INDICATION, 2019–2026 (USD MILLION) 117
TABLE 102 MIDDLE EAST & AFRICA: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET, BY END USER, 2019–2026 (USD MILLION) 117
12 COMPETITIVE LANDSCAPE 118
12.1 OVERVIEW 118
FIGURE 29 KEY DEVELOPMENTS IN THE ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET FROM JANUARY 2018 TO DECEMBER 2020 118
FIGURE 30 MARKET EVALUATION FRAMEWORK: OTHER DEVELOPMENTS WAS THE MOST WIDELY ADOPTED STRATEGY BETWEEN 2018 & 2020 119
12.2 ARTIFICIAL CORNEA MARKET RANKING 119
12.3 HUMAN CORNEA MARKET RANKING 120
12.4 PRODUCT BENCHMARKING 120
FIGURE 31 PRODUCT PORTFOLIO ANALYSIS: ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET (2020) 121
12.5 COMPETITIVE SITUATIONS & TRENDS 121
12.5.1 PRODUCT LAUNCHES & APPROVALS 121
12.5.2 ACQUISITIONS 121
12.5.3 EXPANSIONS 122
12.5.4 OTHER DEVELOPMENTS 122
13 COMPANY EVALUATION MATRIX DEFINITION & METHODOLOGY AND COMPANY PROFILES 123
13.1 COMPETITIVE LEADERSHIP MAPPING 123
13.1.1 STARS 123
13.1.2 EMERGING LEADERS 123
13.1.3 PERVASIVE COMPANIES 124
13.1.4 EMERGING COMPANIES 124
FIGURE 32 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET: COMPETITIVE LEADERSHIP MAPPING (2020) 124
13.2 COMPETITIVE LEADERSHIP MAPPING FOR STARTUPS 125
13.2.1 PROGRESSIVE COMPANIES 125
13.2.2 DYNAMIC COMPANIES 125
13.2.3 STARTING BLOCKS 125
13.2.4 RESPONSIVE COMPANIES 125
FIGURE 33 ARTIFICIAL CORNEA AND CORNEAL IMPLANTS MARKET: STARTUP COMPANY EVALUATION MATRIX (2020) 126
13.3 COMPANY PROFILES 127
(Business overview, Products offered, Recent developments)*
13.3.1 AJL OPHTHALMIC S.A. 127
13.3.2 CORNEAGEN, INC. 128
13.3.3 ADDITION TECHNOLOGY, INC. 129
13.3.4 LINKOCARE LIFE SCIENCES AB 130
13.3.5 PRESBIA PLC 131
FIGURE 34 PRESBIA PLC: COMPANY SNAPSHOT (2018) 131
13.3.6 MEDIPHACOS 132
13.3.7 AUROLAB 133
13.3.8 CORNEA BIOSCIENCES, INC. 134
13.3.9 DIOPTEX MEDIZINPRODUKTE FORSCHUNGS-, ENTWICKLUNGS- UND VERTRIEBS GMBH (DIOPTEX GMBH) 135
13.3.10 EYEYON MEDICAL 136
13.3.11 MASSACHUSETTS EYE AND EAR 137
FIGURE 35 MASSACHUSETTS EYE AND EAR: COMPANY SNAPSHOT (2020) 137
13.3.12 FLORIDA LIONS EYE BANK 138
FIGURE 36 FLORIDA LIONS EYE BANK: COMPANY SNAPSHOT (2019) 138
13.3.13 SIGHTLIFE 139
FIGURE 37 SIGHTLIFE: COMPANY SNAPSHOT (2019) 139
13.3.14 ADVANCING SIGHT NETWORK 140
13.3.15 SAN DIEGO EYE BANK 141
13.3.16 L V PRASAD EYE INSTITUTE 142
13.3.17 NEW MEXICO LIONS EYE BANK 143
13.3.18 SAN ANTONIO EYE BANK 144
13.3.19 KANSAS EYE BANK & CORNEA RESEARCH CENTER 145
13.3.20 ROCKY MOUNTAIN LIONS EYE BANK 146
13.3.21 CORNEAT VISION 147
13.3.22 KERAMED, INC. 148
*Business overview, Products offered, Recent developments might not be captured in case of unlisted companies.
14 APPENDIX 149
14.1 INSIGHTS OF INDUSTRY EXPERTS 149
14.2 DISCUSSION GUIDE 150
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 153
14.4 AVAILABLE CUSTOMIZATIONS 155
14.5 AUTHOR DETAILS 156
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1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 MARKET DEFINITION 33
1.2.1 CATEGORY-WISE INCLUSIONS AND EXCLUSIONS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 33
1.3 MARKET SCOPE 34
1.3.1 MARKETS COVERED 34
FIGURE 1 LATERAL FLOW ASSAY COMPONENTS MARKET SEGMENTATION 34
1.3.2 YEARS CONSIDERED FOR THE STUDY 35
1.4 CURRENCY 35
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 35
1.5 STAKEHOLDERS 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH APPROACH 36
FIGURE 2 RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary sources 38
2.1.2.2 Key data from primary sources 39
2.1.2.3 Breakdown of primaries 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE):
BY COMPANY TYPE, DESIGNATION, AND REGION 39
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND SIDE): BY END USER, DESIGNATION, AND REGION 40
2.2 MARKET SIZE ESTIMATION 40
FIGURE 5 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS (2021) 41
FIGURE 6 SUPPLY-SIDE ANALYSIS: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 42
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 44
FIGURE 7 DATA TRIANGULATION METHODOLOGY 45
2.4 KEY INDUSTRY INSIGHTS 46
2.5 LIMITATIONS 46
2.5.1 METHODOLOGY-RELATED LIMITATIONS 46
2.6 RISK ASSESSMENT 47
2.7 ASSUMPTIONS FOR THE STUDY 47
3 EXECUTIVE SUMMARY 48
FIGURE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2022 VS. 2027 (USD MILLION) 48
FIGURE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2022 VS. 2027 (USD MILLION) 49
FIGURE 10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 50
FIGURE 11 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2022 VS. 2027 (USD MILLION) 51
FIGURE 12 GEOGRAPHICAL SNAPSHOT OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 52
4 PREMIUM INSIGHTS 53
4.1 LATERAL FLOW ASSAY COMPONENTS MARKET OVERVIEW 53
FIGURE 13 RISING NUMBER OF LOCAL MANUFACTURERS FOR COMPONENTS IS DRIVING THE GROWTH OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 53
4.2 REGIONAL MIX: LATERAL FLOW ASSAY COMPONENTS MARKET 54
FIGURE 14 APAC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 54
4.3 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE AND COUNTRY 55
FIGURE 15 MEMBRANES ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2021 55
4.4 LATERAL FLOW ASSAY COMPONENTS MARKET: GEOGRAPHICAL GROWTH OPPORTUNITIES 56
4.5 LATERAL FLOW ASSAY COMPONENTS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS: IMPACT ANALYSIS 57
5.2.1 DRIVERS 58
5.2.1.1 Growing demand for lateral flow assay kits due
to the COVID-19 pandemic 58
5.2.1.2 Growing usage of home-based lateral flow assay devices 58
5.2.1.3 Growing demand for point-of-care testing 58
5.2.1.4 Increasing public-private investments to develop lateral flow assays 59
5.2.2 RESTRAINTS 59
5.2.2.1 Availability of alternative diagnostic technologies 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Evolving applications of lateral flow assays 59
5.2.4 CHALLENGES 60
5.2.4.1 Requirement of specialized storage and shipping facilities for membranes 60
5.3 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC) IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
FIGURE 16 YC–YCC SHIFT IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 61
5.5 AVERAGE SELLING PRICE TREND 61
TABLE 2 AVERAGE SELLING PRICE OF LATERAL FLOW ASSAY COMPONENTS,
BY REGION, 2021 (USD) 61
5.6 ECOSYSTEM MARKET MAP 62
FIGURE 17 ECOSYSTEM: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 62
5.7 PATENT ANALYSIS 63
5.7.1 PATENT PUBLICATION TRENDS FOR LATERAL FLOW ASSAYS 63
FIGURE 18 GLOBAL PATENT PUBLICATION TRENDS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2016–2021 64
5.7.2 JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PATENTS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 64
FIGURE 19 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR LATERAL FLOW ASSAYS COMPONENTS, 2016–2021 64
5.8 VALUE CHAIN ANALYSIS 65
5.9 REGULATORY LANDSCAPE 66
TABLE 3 REGULATORY STANDARDS/APPROVALS REQUIRED FOR LATERAL FLOW IMMUNOASSAY PRODUCTS, BY COUNTRY/REGION 66
5.9.1 NORTH AMERICA 66
5.9.2 EUROPE 67
5.9.3 ASIA PACIFIC 67
5.9.3.1 India 67
5.9.3.2 China 67
5.9.3.3 Japan 68
5.10 TECHNOLOGY ANALYSIS 69
5.10.1 KEY TECHNOLOGY: LATERAL FLOW ASSAYS 69
5.11 KEY CONFERENCES & EVENTS DURING 2021–2023 69
TABLE 4 LATERAL FLOW ASSAY COMPONENTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 69
5.12 KEY STAKEHOLDERS & BUYING CRITERIA 70
5.12.1 KEY STAKEHOLDERS IN THE BUYING PROCESS 70
FIGURE 20 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
TABLE 5 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
5.12.2 BUYING CRITERIA 71
FIGURE 21 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
TABLE 6 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
5.13 PORTER’S FIVE FORCES ANALYSIS 72
TABLE 7 LATERAL FLOW ASSAY COMPONENTS MARKET:
PORTER’S FIVE FORCES ANALYSIS 72
5.13.1 THREAT FROM NEW ENTRANTS 72
5.13.2 THREAT FROM SUBSTITUTES 72
5.13.3 BARGAINING POWER OF BUYERS 73
5.13.4 BARGAINING POWER OF SUPPLIERS 73
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 73
6 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE 74
6.1 INTRODUCTION 75
TABLE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 75
6.2 MEMBRANES 75
TABLE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE,
2020–2027 (USD MILLION) 76
TABLE 10 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 76
6.2.1 NITROCELLULOSE MEMBRANES 77
6.2.1.1 Advantages of nitrocellulose membranes such as high protein-binding affinity and compatibility with a wide range of detection methods to drive market growth 77
TABLE 11 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES, BY COUNTRY, 2020–2027 (USD MILLION) 77
TABLE 12 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (1 X 1 M SHEETS), BY REGION, 2020–2027 (IN THOUSANDS) 78
TABLE 13 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (20 MM X 1 M ROLLS), BY REGION, 2020–2027 (IN MILLIONS) 78
6.2.2 OTHER MEMBRANES 78
TABLE 14 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 79
6.3 PADS 80
TABLE 15 EXAMPLES OF DIFFERENT MATERIALS USED IN MANUFACTURING LATERAL FLOW ASSAY PADS 80
TABLE 16 LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 80
TABLE 17 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PADS, BY COUNTRY, 2020–2027 (USD MILLION) 81
6.3.1 SAMPLE PADS 81
6.3.1.1 Ability to promote even and controlled distribution of samples to drive market growth 81
TABLE 18 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SAMPLE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 82
6.3.2 CONJUGATE PADS 82
6.3.2.1 Conjugate pads play an important role in controlling the performance of lateral flow immunoassays 82
TABLE 19 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CONJUGATE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 83
6.3.3 ABSORBENT PADS 84
6.3.3.1 Absorbent pads prevent backflow—a key factor driving market growth 84
TABLE 20 LATERAL FLOW ASSAY COMPONENTS MARKET FOR ABSORBENT PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 84
6.4 OTHER COMPONENTS 84
TABLE 21 OTHER LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 85
7 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION 86
7.1 INTRODUCTION 87
TABLE 22 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 87
7.2 CLINICAL TESTING 87
TABLE 23 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 88
TABLE 24 LATERAL FLOW ASSAYS MARKET FOR CLINICAL TESTING APPLICATIONS,
BY COUNTRY, 2020–2027 (USD MILLION) 88
7.2.1 INFECTIOUS DISEASE TESTING 89
7.2.1.1 Rising demand for infectious disease testing in emerging markets to drive market growth 89
TABLE 25 LATERAL FLOW ASSAY COMPONENTS MARKET FOR INFECTIOUS DISEASE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 89
7.2.2 PREGNANCY & FERTILITY TESTING 90
7.2.2.1 Growing infertility levels due to changing lifestyles—a key factor driving market growth 90
TABLE 26 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PREGNANCY & FERTILITY TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 90
7.2.3 CARDIAC MARKER TESTING 91
7.2.3.1 Rising prevalence of cardiovascular diseases and growing government support to drive growth in this market segment 91
TABLE 27 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CARDIAC MARKER TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 92
7.2.4 CHOLESTEROL TESTING/LIPID PROFILING 92
7.2.4.1 Growing prevalence of obesity and CVD—
a key factor driving market growth 92
TABLE 28 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CHOLESTEROL TESTING/LIPID PROFILING, BY COUNTRY, 2020–2027 (USD MILLION) 93
7.2.5 DRUGS-OF-ABUSE TESTING 93
7.2.5.1 Technological advancements and a growing focus on workplace
drug testing are driving market growth 93
TABLE 29 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUGS-OF-ABUSE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 94
7.2.6 OTHER CLINICAL TESTING APPLICATIONS 94
TABLE 30 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER CLINICAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 95
7.3 VETERINARY DIAGNOSTICS 95
7.3.1 INFECTIOUS DISEASE OUTBREAKS (PARTICULARLY IN LARGE LIVESTOCK ANIMALS) TO DRIVE MARKET GROWTH 95
TABLE 31 LATERAL FLOW ASSAY COMPONENTS MARKET FOR VETERINARY DIAGNOSTIC APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 96
7.4 FOOD SAFETY & ENVIRONMENTAL TESTING 96
7.4.1 HIGH SENSITIVITY AND EASE OF USE ARE KEY FACTORS DRIVING THE DEMAND FOR LATERAL FLOW ASSAYS FOR FOOD SAFETY TESTING 96
TABLE 32 LATERAL FLOW ASSAY COMPONENTS MARKET FOR FOOD SAFETY & ENVIRONMENTAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 97
7.5 DRUG DEVELOPMENT & QUALITY TESTING 97
7.5.1 INCREASING FOCUS ON PRODUCT SAFETY AND QUALITY ASSURANCE TO DRIVE MARKET GROWTH IN THE COMING YEARS 97
TABLE 33 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUG DEVELOPMENT & QUALITY TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 98
8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE 99
8.1 INTRODUCTION 100
TABLE 34 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 100
8.2 SANDWICH ASSAYS 100
8.2.1 SANDWICH ASSAYS PROVIDE HIGHER LEVELS OF ASSAY SENSITIVITY AND SPECIFICITY THAN OTHER ASSAY TECHNIQUES—A KEY FACTOR DRIVING GROWTH IN THIS MARKET SEGMENT 100
TABLE 35 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SANDWICH ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 101
8.3 COMPETITIVE ASSAYS 101
8.3.1 REDUCED SELECTIVITY AND SENSITIVITY OF COMPETITIVE ASSAYS IN RELATION TO SANDWICH ASSAYS COULD HAMPER MARKET GROWTH 101
TABLE 36 LATERAL FLOW ASSAY COMPONENTS MARKET FOR COMPETITIVE ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 102
8.4 MULTIPLEX DETECTION ASSAYS 102
8.4.1 INCREASING ADOPTION OF MULTI-ANALYTE ASSAYS AMONG CLINICIANS TO DRIVE MARKET GROWTH 102
TABLE 37 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MULTIPLEX DETECTION ASSAYS, BY COUNTRY, 2020–2027 (USD MILLION) 103
9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER 104
9.1 INTRODUCTION 105
TABLE 38 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 105
9.2 MEDICAL DEVICE MANUFACTURING COMPANIES 105
9.2.1 INCREASING USE OF POC TESTS IS DRIVING THE ADOPTION OF LATERAL FLOW ASSAY COMPONENTS AMONG MEDICAL DEVICE MANUFACTURING COMPANIES 105
TABLE 39 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE MANUFACTURING COMPANIES, BY COUNTRY, 2020–2027 (USD MILLION) 106
9.3 MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES 106
9.3.1 GROWING INCLINATION TOWARD FAST AND EARLY DIAGNOSIS, ESPECIALLY IN RELATION TO THE CURRENT COVID-19 SCENARIO, WILL DRIVE MARKET GROWTH 106
TABLE 40 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES, BY COUNTRY,
2020–2027 (USD MILLION) 107
10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION 108
10.1 INTRODUCTION 109
FIGURE 22 CHINA TO REGISTER THE HIGHEST GROWTH IN THE LATERAL FLOW ASSAY COMPONENTS MARKET DURING THE FORECAST PERIOD 109
TABLE 41 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION,
2020–2027 (USD MILLION) 110
10.2 NORTH AMERICA 110
TABLE 42 NORTH AMERICA: MACROECONOMIC INDICATORS 110
FIGURE 23 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 111
TABLE 43 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY COUNTRY, 2020–2027 (USD MILLION) 112
TABLE 44 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 112
TABLE 45 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 112
TABLE 46 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 113
TABLE 47 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 113
TABLE 48 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 114
TABLE 49 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 114
TABLE 50 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 115
10.2.1 US 115
10.2.1.1 Increasing R&D investments and venture capital funding from both large and small firms towards the development of lateral flow assay diagnostics to drive market growth in the US 115
TABLE 51 US: MACROECONOMIC INDICATORS 116
TABLE 52 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 116
TABLE 53 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 116
TABLE 54 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 117
TABLE 55 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 117
TABLE 56 US: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 118
TABLE 57 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 118
TABLE 58 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 119
10.2.2 CANADA 119
10.2.2.1 Lateral flow assay components market in Canada is estimated to grow at a relatively lower rate than the US 119
TABLE 59 CANADA: MACROECONOMIC INDICATORS 119
TABLE 60 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 120
TABLE 61 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 120
TABLE 62 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 120
TABLE 63 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 121
TABLE 64 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 121
TABLE 65 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 122
TABLE 66 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 122
10.3 EUROPE 122
TABLE 67 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 123
TABLE 68 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 123
TABLE 69 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 123
TABLE 70 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 124
TABLE 71 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 124
TABLE 72 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 125
TABLE 73 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 125
TABLE 74 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 126
10.3.1 GERMANY 126
10.3.1.1 Growing demand for POC testing to drive the lateral flow assay components market in Germany 126
TABLE 75 GERMANY: MACROECONOMIC INDICATORS 126
TABLE 76 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 127
TABLE 77 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 127
TABLE 78 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 127
TABLE 79 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 128
TABLE 80 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 128
TABLE 81 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 129
TABLE 82 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 129
10.3.2 FRANCE 129
10.3.2.1 High prevalence of age-related chronic diseases and infectious diseases to drive market growth in France 129
TABLE 83 FRANCE: MACROECONOMIC INDICATORS 130
TABLE 84 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 130
TABLE 85 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 130
TABLE 86 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 131
TABLE 87 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 131
TABLE 88 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 132
TABLE 89 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 132
TABLE 90 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 133
10.3.3 UK 133
10.3.3.1 Severe impact of the second wave of COVID-19 in the first half of 2021 resulted in higher adoption of rapid COVID tests in the UK 133
TABLE 91 UK: MACROECONOMIC INDICATORS 134
TABLE 92 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 134
TABLE 93 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 134
TABLE 94 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 135
TABLE 95 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 135
TABLE 96 UK: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 136
TABLE 97 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 136
TABLE 98 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 137
10.3.4 ITALY 137
10.3.4.1 Growing initiatives towards decentralization of medical services in Italy are contributing to the market growth in the country 137
TABLE 99 ITALY: MACROECONOMIC INDICATORS 137
TABLE 100 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 138
TABLE 101 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 138
TABLE 102 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 138
TABLE 103 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 139
TABLE 104 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 139
TABLE 105 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 140
TABLE 106 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 140
10.3.5 SPAIN 140
10.3.5.1 Increasing focus of international organizations and domestic players on the development of POC products in the country to drive market growth 140
TABLE 107 SPAIN: MACROECONOMIC INDICATORS 141
TABLE 108 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 141
TABLE 109 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 142
TABLE 110 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 142
TABLE 111 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 142
TABLE 112 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 143
TABLE 113 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 143
TABLE 114 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 144
10.3.6 REST OF EUROPE 144
TABLE 115 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 144
TABLE 116 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 145
TABLE 117 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 145
TABLE 118 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 145
TABLE 119 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 146
TABLE 120 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 146
TABLE 121 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 147
10.4 ASIA PACIFIC 147
FIGURE 24 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 148
TABLE 122 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 149
TABLE 123 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 149
TABLE 124 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 149
TABLE 125 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 150
TABLE 126 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 150
TABLE 127 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 151
TABLE 128 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 151
TABLE 129 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 152
10.4.1 CHINA 152
10.4.1.1 Higher exports of lateral flow assay components during the COVID-19 pandemic to drive market growth in the country 152
TABLE 130 CHINA: MACROECONOMIC INDICATORS 153
TABLE 131 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 153
TABLE 132 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 153
TABLE 133 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 154
TABLE 134 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 154
TABLE 135 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 155
TABLE 136 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 155
TABLE 137 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 156
10.4.2 JAPAN 156
10.4.2.1 Increasing prevalence of age-related illnesses driving the growth of the lateral flow assay components market in Japan 156
TABLE 138 JAPAN: MACROECONOMIC INDICATORS 157
TABLE 139 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 157
TABLE 140 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 157
TABLE 141 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 158
TABLE 142 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 158
TABLE 143 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 159
TABLE 144 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 159
TABLE 145 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 160
10.4.3 INDIA 160
10.4.3.1 Increasing number of local manufacturers, growing healthcare concerns, and rising income levels to propel the growth of this market 160
TABLE 146 INDIA: MACROECONOMIC INDICATORS 160
TABLE 147 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 161
TABLE 148 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 161
TABLE 149 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 161
TABLE 150 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 162
TABLE 151 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 162
TABLE 152 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 163
TABLE 153 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 163
10.4.4 AUSTRALIA 164
10.4.4.1 Increasing prevalence of infectious diseases, especially influenza, to drive the growth of the lateral flow assay components market in Australia 164
TABLE 154 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 164
TABLE 155 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 164
TABLE 156 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 165
TABLE 157 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 165
TABLE 158 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 166
TABLE 159 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 166
TABLE 160 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 167
10.4.5 REST OF ASIA PACIFIC 167
TABLE 161 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 167
TABLE 162 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 168
TABLE 163 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 168
TABLE 164 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 168
TABLE 165 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 169
TABLE 166 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 169
TABLE 167 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 170
10.5 LATIN AMERICA 170
10.5.1 HIGH DEMAND FOR HIV POC DEVICES IN THE REGION TO SUPPORT THE GROWTH OF THE MARKET 170
TABLE 168 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 171
TABLE 169 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 171
TABLE 170 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD
TYPE, 2020–2027 (USD MILLION) 171
TABLE 171 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 172
TABLE 172 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 172
TABLE 173 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 173
TABLE 174 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 173
10.6 MIDDLE EAST & AFRICA 173
10.6.1 SIGNIFICANT SUPPORT FROM GOVERNMENTS AND GLOBAL FIRMS TOWARDS EXPANDING HEALTHCARE SERVICES DRIVES THE ADOPTION OF LATERAL FLOW ASSAYS 173
TABLE 175 MIDDLE EAST & AFRICA: MACROECONOMIC INDICATORS 174
TABLE 176 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TYPE, 2020–2027 (USD MILLION) 174
TABLE 177 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 175
TABLE 178 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 175
TABLE 179 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 175
TABLE 180 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 176
TABLE 181 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 176
TABLE 182 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 177
11 COMPETITIVE LANDSCAPE 178
11.1 OVERVIEW 178
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 178
FIGURE 25 OVERVIEW OF STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
11.3 REVENUE SHARE ANALYSIS FOR KEY PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
FIGURE 26 REVENUE SHARE ANALYSIS FOR THE KEY PLAYERS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 180
11.4 MARKET SHARE ANALYSIS 180
FIGURE 27 LATERAL FLOW ASSAY COMPONENTS MARKET SHARE ANALYSIS, BY KEY PLAYER (2021) 181
TABLE 183 LATERAL FLOW ASSAY COMPONENTS MARKET: DEGREE OF COMPETITION 182
11.5 R&D ASSESSMENT OF KEY PLAYERS 183
FIGURE 28 R&D EXPENDITURE: MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2018 VS. 2020 183
11.6 GEOGRAPHIC REVENUE ASSESSMENT OF KEY PLAYERS 183
FIGURE 29 GEOGRAPHIC REVENUE ASSESSMENT: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 184
11.7 COMPANY EVALUATION QUADRANT 184
11.7.1 STARS 184
11.7.2 PERVASIVE PLAYERS 184
11.7.3 EMERGING LEADERS 185
11.7.4 PARTICIPANTS 185
FIGURE 30 LATERAL FLOW ASSAY COMPONENTS MARKET: COMPANY EVALUATION MATRIX, 2021 185
11.8 COMPETITIVE BENCHMARKING 186
11.8.1 OVERALL COMPANY FOOTPRINT 186
TABLE 184 OVERALL COMPANY FOOTPRINT (17 COMPANIES) 186
TABLE 185 COMPANY FOOTPRINT: BY TYPE (17 COMPANIES) 187
TABLE 186 COMPANY FOOTPRINT: BY REGION (17 COMPANIES) 188
11.9 COMPETITIVE SCENARIO 188
11.9.1 DEALS 189
TABLE 187 DEALS, JANUARY 2019–FEBRUARY 2022 189
11.9.2 OTHER DEVELOPMENTS 189
TABLE 188 OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2022 189
12 COMPANY PROFILES 190
12.1 KEY PLAYERS 190
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 DANAHER CORPORATION (PALL CORPORATION AND CYTIVA LIFE SCIENCE) 190
TABLE 189 DANAHER CORPORATION: BUSINESS OVERVIEW 190
FIGURE 31 DANAHER CORPORATION: COMPANY SNAPSHOT (2020) 191
12.1.2 SARTORIUS STEDIM BIOTECH 195
TABLE 190 SARTORIUS STEDIM BIOTECH: BUSINESS OVERVIEW 195
12.1.3 MERCK KGAA 199
TABLE 191 MERCK KGAA: BUSINESS OVERVIEW 199
FIGURE 33 MERCK KGAA: COMPANY SNAPSHOT (2020) 200
12.1.4 AHLSTROM-MUNKSJÖ 204
TABLE 192 AHLSTROM-MUNKSJÖ: BUSINESS OVERVIEW 204
FIGURE 34 AHLSTROM-MUNKSJÖ: COMPANY SNAPSHOT (2020) 205
12.1.5 ADVANCED MICRODEVICES PVT. LTD. 208
TABLE 193 ADVANCED MICRODEVICES PVT. LTD.: BUSINESS OVERVIEW 208
12.1.6 DCN DIAGNOSTICS 210
TABLE 194 DCN DIAGNOSTICS: BUSINESS OVERVIEW 210
12.2 OTHER PLAYERS 211
12.2.1 FORTIS LIFE SCIENCES 211
TABLE 195 FORTIS LIFE SCIENCES: BUSINESS OVERVIEW 211
12.2.2 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD 212
TABLE 196 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD.:
BUSINESS OVERVIEW 212
12.2.3 AXIVA SICHEM BIOTECH 214
TABLE 197 AXIVA SICHEM BIOTECH: BUSINESS OVERVIEW 214
12.2.4 NUPORE FILTRATION SYSTEM 216
TABLE 198 NUPORE FILTRATION SYSTEM: BUSINESS OVERVIEW 216
12.2.5 BALLYA BIO 217
TABLE 199 BALLYA BIO: BUSINESS OVERVIEW 217
12.2.6 RUNBIO BIOTECH CO. LTD. 219
TABLE 200 RUNBIO BIOTECH CO. LTD.: BUSINESS OVERVIEW 219
12.2.7 NEENAH GESSNER 220
TABLE 201 NEENAH GESSNER: BUSINESS OVERVIEW 220
12.2.8 MAXIM BIOMEDICAL 221
TABLE 202 MAXIM BIOMEDICAL: BUSINESS OVERVIEW 221
12.2.9 CYTODIAGNOSTICS 222
TABLE 203 CYTODIAGNOSTICS: BUSINESS OVERVIEW 222
12.2.10 SENOVA GMBH 223
TABLE 204 SENOVA GMBH: BUSINESS OVERVIEW 223
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 224
13.1 DISCUSSION GUIDE 224
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 229
13.3 AVAILABLE CUSTOMIZATIONS 231
13.4 RELATED REPORTS 231
13.5 AUTHOR DETAILS 232
1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 MARKET DEFINITION 33
1.2.1 CATEGORY-WISE INCLUSIONS AND EXCLUSIONS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 33
1.3 MARKET SCOPE 34
1.3.1 MARKETS COVERED 34
FIGURE 1 LATERAL FLOW ASSAY COMPONENTS MARKET SEGMENTATION 34
1.3.2 YEARS CONSIDERED FOR THE STUDY 35
1.4 CURRENCY 35
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 35
1.5 STAKEHOLDERS 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH APPROACH 36
FIGURE 2 RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary sources 38
2.1.2.2 Key data from primary sources 39
2.1.2.3 Breakdown of primaries 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE):
BY COMPANY TYPE, DESIGNATION, AND REGION 39
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND SIDE): BY END USER, DESIGNATION, AND REGION 40
2.2 MARKET SIZE ESTIMATION 40
FIGURE 5 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS (2021) 41
FIGURE 6 SUPPLY-SIDE ANALYSIS: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 42
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 44
FIGURE 7 DATA TRIANGULATION METHODOLOGY 45
2.4 KEY INDUSTRY INSIGHTS 46
2.5 LIMITATIONS 46
2.5.1 METHODOLOGY-RELATED LIMITATIONS 46
2.6 RISK ASSESSMENT 47
2.7 ASSUMPTIONS FOR THE STUDY 47
3 EXECUTIVE SUMMARY 48
FIGURE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2022 VS. 2027 (USD MILLION) 48
FIGURE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2022 VS. 2027 (USD MILLION) 49
FIGURE 10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 50
FIGURE 11 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2022 VS. 2027 (USD MILLION) 51
FIGURE 12 GEOGRAPHICAL SNAPSHOT OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 52
4 PREMIUM INSIGHTS 53
4.1 LATERAL FLOW ASSAY COMPONENTS MARKET OVERVIEW 53
FIGURE 13 RISING NUMBER OF LOCAL MANUFACTURERS FOR COMPONENTS IS DRIVING THE GROWTH OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 53
4.2 REGIONAL MIX: LATERAL FLOW ASSAY COMPONENTS MARKET 54
FIGURE 14 APAC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 54
4.3 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE AND COUNTRY 55
FIGURE 15 MEMBRANES ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2021 55
4.4 LATERAL FLOW ASSAY COMPONENTS MARKET: GEOGRAPHICAL GROWTH OPPORTUNITIES 56
4.5 LATERAL FLOW ASSAY COMPONENTS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS: IMPACT ANALYSIS 57
5.2.1 DRIVERS 58
5.2.1.1 Growing demand for lateral flow assay kits due
to the COVID-19 pandemic 58
5.2.1.2 Growing usage of home-based lateral flow assay devices 58
5.2.1.3 Growing demand for point-of-care testing 58
5.2.1.4 Increasing public-private investments to develop lateral flow assays 59
5.2.2 RESTRAINTS 59
5.2.2.1 Availability of alternative diagnostic technologies 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Evolving applications of lateral flow assays 59
5.2.4 CHALLENGES 60
5.2.4.1 Requirement of specialized storage and shipping facilities for membranes 60
5.3 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC) IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
FIGURE 16 YC–YCC SHIFT IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 61
5.5 AVERAGE SELLING PRICE TREND 61
TABLE 2 AVERAGE SELLING PRICE OF LATERAL FLOW ASSAY COMPONENTS,
BY REGION, 2021 (USD) 61
5.6 ECOSYSTEM MARKET MAP 62
FIGURE 17 ECOSYSTEM: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 62
5.7 PATENT ANALYSIS 63
5.7.1 PATENT PUBLICATION TRENDS FOR LATERAL FLOW ASSAYS 63
FIGURE 18 GLOBAL PATENT PUBLICATION TRENDS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2016–2021 64
5.7.2 JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PATENTS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 64
FIGURE 19 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR LATERAL FLOW ASSAYS COMPONENTS, 2016–2021 64
5.8 VALUE CHAIN ANALYSIS 65
5.9 REGULATORY LANDSCAPE 66
TABLE 3 REGULATORY STANDARDS/APPROVALS REQUIRED FOR LATERAL FLOW IMMUNOASSAY PRODUCTS, BY COUNTRY/REGION 66
5.9.1 NORTH AMERICA 66
5.9.2 EUROPE 67
5.9.3 ASIA PACIFIC 67
5.9.3.1 India 67
5.9.3.2 China 67
5.9.3.3 Japan 68
5.10 TECHNOLOGY ANALYSIS 69
5.10.1 KEY TECHNOLOGY: LATERAL FLOW ASSAYS 69
5.11 KEY CONFERENCES & EVENTS DURING 2021–2023 69
TABLE 4 LATERAL FLOW ASSAY COMPONENTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 69
5.12 KEY STAKEHOLDERS & BUYING CRITERIA 70
5.12.1 KEY STAKEHOLDERS IN THE BUYING PROCESS 70
FIGURE 20 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
TABLE 5 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
5.12.2 BUYING CRITERIA 71
FIGURE 21 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
TABLE 6 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
5.13 PORTER’S FIVE FORCES ANALYSIS 72
TABLE 7 LATERAL FLOW ASSAY COMPONENTS MARKET:
PORTER’S FIVE FORCES ANALYSIS 72
5.13.1 THREAT FROM NEW ENTRANTS 72
5.13.2 THREAT FROM SUBSTITUTES 72
5.13.3 BARGAINING POWER OF BUYERS 73
5.13.4 BARGAINING POWER OF SUPPLIERS 73
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 73
6 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE 74
6.1 INTRODUCTION 75
TABLE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 75
6.2 MEMBRANES 75
TABLE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE,
2020–2027 (USD MILLION) 76
TABLE 10 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 76
6.2.1 NITROCELLULOSE MEMBRANES 77
6.2.1.1 Advantages of nitrocellulose membranes such as high protein-binding affinity and compatibility with a wide range of detection methods to drive market growth 77
TABLE 11 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES, BY COUNTRY, 2020–2027 (USD MILLION) 77
TABLE 12 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (1 X 1 M SHEETS), BY REGION, 2020–2027 (IN THOUSANDS) 78
TABLE 13 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (20 MM X 1 M ROLLS), BY REGION, 2020–2027 (IN MILLIONS) 78
6.2.2 OTHER MEMBRANES 78
TABLE 14 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 79
6.3 PADS 80
TABLE 15 EXAMPLES OF DIFFERENT MATERIALS USED IN MANUFACTURING LATERAL FLOW ASSAY PADS 80
TABLE 16 LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 80
TABLE 17 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PADS, BY COUNTRY, 2020–2027 (USD MILLION) 81
6.3.1 SAMPLE PADS 81
6.3.1.1 Ability to promote even and controlled distribution of samples to drive market growth 81
TABLE 18 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SAMPLE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 82
6.3.2 CONJUGATE PADS 82
6.3.2.1 Conjugate pads play an important role in controlling the performance of lateral flow immunoassays 82
TABLE 19 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CONJUGATE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 83
6.3.3 ABSORBENT PADS 84
6.3.3.1 Absorbent pads prevent backflow—a key factor driving market growth 84
TABLE 20 LATERAL FLOW ASSAY COMPONENTS MARKET FOR ABSORBENT PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 84
6.4 OTHER COMPONENTS 84
TABLE 21 OTHER LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 85
7 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION 86
7.1 INTRODUCTION 87
TABLE 22 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 87
7.2 CLINICAL TESTING 87
TABLE 23 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 88
TABLE 24 LATERAL FLOW ASSAYS MARKET FOR CLINICAL TESTING APPLICATIONS,
BY COUNTRY, 2020–2027 (USD MILLION) 88
7.2.1 INFECTIOUS DISEASE TESTING 89
7.2.1.1 Rising demand for infectious disease testing in emerging markets to drive market growth 89
TABLE 25 LATERAL FLOW ASSAY COMPONENTS MARKET FOR INFECTIOUS DISEASE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 89
7.2.2 PREGNANCY & FERTILITY TESTING 90
7.2.2.1 Growing infertility levels due to changing lifestyles—a key factor driving market growth 90
TABLE 26 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PREGNANCY & FERTILITY TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 90
7.2.3 CARDIAC MARKER TESTING 91
7.2.3.1 Rising prevalence of cardiovascular diseases and growing government support to drive growth in this market segment 91
TABLE 27 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CARDIAC MARKER TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 92
7.2.4 CHOLESTEROL TESTING/LIPID PROFILING 92
7.2.4.1 Growing prevalence of obesity and CVD—
a key factor driving market growth 92
TABLE 28 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CHOLESTEROL TESTING/LIPID PROFILING, BY COUNTRY, 2020–2027 (USD MILLION) 93
7.2.5 DRUGS-OF-ABUSE TESTING 93
7.2.5.1 Technological advancements and a growing focus on workplace
drug testing are driving market growth 93
TABLE 29 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUGS-OF-ABUSE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 94
7.2.6 OTHER CLINICAL TESTING APPLICATIONS 94
TABLE 30 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER CLINICAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 95
7.3 VETERINARY DIAGNOSTICS 95
7.3.1 INFECTIOUS DISEASE OUTBREAKS (PARTICULARLY IN LARGE LIVESTOCK ANIMALS) TO DRIVE MARKET GROWTH 95
TABLE 31 LATERAL FLOW ASSAY COMPONENTS MARKET FOR VETERINARY DIAGNOSTIC APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 96
7.4 FOOD SAFETY & ENVIRONMENTAL TESTING 96
7.4.1 HIGH SENSITIVITY AND EASE OF USE ARE KEY FACTORS DRIVING THE DEMAND FOR LATERAL FLOW ASSAYS FOR FOOD SAFETY TESTING 96
TABLE 32 LATERAL FLOW ASSAY COMPONENTS MARKET FOR FOOD SAFETY & ENVIRONMENTAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 97
7.5 DRUG DEVELOPMENT & QUALITY TESTING 97
7.5.1 INCREASING FOCUS ON PRODUCT SAFETY AND QUALITY ASSURANCE TO DRIVE MARKET GROWTH IN THE COMING YEARS 97
TABLE 33 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUG DEVELOPMENT & QUALITY TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 98
8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE 99
8.1 INTRODUCTION 100
TABLE 34 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 100
8.2 SANDWICH ASSAYS 100
8.2.1 SANDWICH ASSAYS PROVIDE HIGHER LEVELS OF ASSAY SENSITIVITY AND SPECIFICITY THAN OTHER ASSAY TECHNIQUES—A KEY FACTOR DRIVING GROWTH IN THIS MARKET SEGMENT 100
TABLE 35 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SANDWICH ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 101
8.3 COMPETITIVE ASSAYS 101
8.3.1 REDUCED SELECTIVITY AND SENSITIVITY OF COMPETITIVE ASSAYS IN RELATION TO SANDWICH ASSAYS COULD HAMPER MARKET GROWTH 101
TABLE 36 LATERAL FLOW ASSAY COMPONENTS MARKET FOR COMPETITIVE ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 102
8.4 MULTIPLEX DETECTION ASSAYS 102
8.4.1 INCREASING ADOPTION OF MULTI-ANALYTE ASSAYS AMONG CLINICIANS TO DRIVE MARKET GROWTH 102
TABLE 37 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MULTIPLEX DETECTION ASSAYS, BY COUNTRY, 2020–2027 (USD MILLION) 103
9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER 104
9.1 INTRODUCTION 105
TABLE 38 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 105
9.2 MEDICAL DEVICE MANUFACTURING COMPANIES 105
9.2.1 INCREASING USE OF POC TESTS IS DRIVING THE ADOPTION OF LATERAL FLOW ASSAY COMPONENTS AMONG MEDICAL DEVICE MANUFACTURING COMPANIES 105
TABLE 39 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE MANUFACTURING COMPANIES, BY COUNTRY, 2020–2027 (USD MILLION) 106
9.3 MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES 106
9.3.1 GROWING INCLINATION TOWARD FAST AND EARLY DIAGNOSIS, ESPECIALLY IN RELATION TO THE CURRENT COVID-19 SCENARIO, WILL DRIVE MARKET GROWTH 106
TABLE 40 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES, BY COUNTRY,
2020–2027 (USD MILLION) 107
10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION 108
10.1 INTRODUCTION 109
FIGURE 22 CHINA TO REGISTER THE HIGHEST GROWTH IN THE LATERAL FLOW ASSAY COMPONENTS MARKET DURING THE FORECAST PERIOD 109
TABLE 41 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION,
2020–2027 (USD MILLION) 110
10.2 NORTH AMERICA 110
TABLE 42 NORTH AMERICA: MACROECONOMIC INDICATORS 110
FIGURE 23 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 111
TABLE 43 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY COUNTRY, 2020–2027 (USD MILLION) 112
TABLE 44 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 112
TABLE 45 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 112
TABLE 46 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 113
TABLE 47 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 113
TABLE 48 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 114
TABLE 49 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 114
TABLE 50 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 115
10.2.1 US 115
10.2.1.1 Increasing R&D investments and venture capital funding from both large and small firms towards the development of lateral flow assay diagnostics to drive market growth in the US 115
TABLE 51 US: MACROECONOMIC INDICATORS 116
TABLE 52 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 116
TABLE 53 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 116
TABLE 54 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 117
TABLE 55 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 117
TABLE 56 US: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 118
TABLE 57 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 118
TABLE 58 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 119
10.2.2 CANADA 119
10.2.2.1 Lateral flow assay components market in Canada is estimated to grow at a relatively lower rate than the US 119
TABLE 59 CANADA: MACROECONOMIC INDICATORS 119
TABLE 60 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 120
TABLE 61 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 120
TABLE 62 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 120
TABLE 63 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 121
TABLE 64 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 121
TABLE 65 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 122
TABLE 66 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 122
10.3 EUROPE 122
TABLE 67 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 123
TABLE 68 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 123
TABLE 69 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 123
TABLE 70 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 124
TABLE 71 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 124
TABLE 72 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 125
TABLE 73 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 125
TABLE 74 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 126
10.3.1 GERMANY 126
10.3.1.1 Growing demand for POC testing to drive the lateral flow assay components market in Germany 126
TABLE 75 GERMANY: MACROECONOMIC INDICATORS 126
TABLE 76 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 127
TABLE 77 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 127
TABLE 78 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 127
TABLE 79 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 128
TABLE 80 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 128
TABLE 81 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 129
TABLE 82 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 129
10.3.2 FRANCE 129
10.3.2.1 High prevalence of age-related chronic diseases and infectious diseases to drive market growth in France 129
TABLE 83 FRANCE: MACROECONOMIC INDICATORS 130
TABLE 84 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 130
TABLE 85 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 130
TABLE 86 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 131
TABLE 87 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 131
TABLE 88 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 132
TABLE 89 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 132
TABLE 90 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 133
10.3.3 UK 133
10.3.3.1 Severe impact of the second wave of COVID-19 in the first half of 2021 resulted in higher adoption of rapid COVID tests in the UK 133
TABLE 91 UK: MACROECONOMIC INDICATORS 134
TABLE 92 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 134
TABLE 93 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 134
TABLE 94 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 135
TABLE 95 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 135
TABLE 96 UK: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 136
TABLE 97 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 136
TABLE 98 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 137
10.3.4 ITALY 137
10.3.4.1 Growing initiatives towards decentralization of medical services in Italy are contributing to the market growth in the country 137
TABLE 99 ITALY: MACROECONOMIC INDICATORS 137
TABLE 100 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 138
TABLE 101 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 138
TABLE 102 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 138
TABLE 103 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 139
TABLE 104 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 139
TABLE 105 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 140
TABLE 106 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 140
10.3.5 SPAIN 140
10.3.5.1 Increasing focus of international organizations and domestic players on the development of POC products in the country to drive market growth 140
TABLE 107 SPAIN: MACROECONOMIC INDICATORS 141
TABLE 108 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 141
TABLE 109 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 142
TABLE 110 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 142
TABLE 111 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 142
TABLE 112 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 143
TABLE 113 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 143
TABLE 114 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 144
10.3.6 REST OF EUROPE 144
TABLE 115 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 144
TABLE 116 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 145
TABLE 117 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 145
TABLE 118 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 145
TABLE 119 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 146
TABLE 120 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 146
TABLE 121 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 147
10.4 ASIA PACIFIC 147
FIGURE 24 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 148
TABLE 122 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 149
TABLE 123 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 149
TABLE 124 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 149
TABLE 125 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 150
TABLE 126 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 150
TABLE 127 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 151
TABLE 128 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 151
TABLE 129 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 152
10.4.1 CHINA 152
10.4.1.1 Higher exports of lateral flow assay components during the COVID-19 pandemic to drive market growth in the country 152
TABLE 130 CHINA: MACROECONOMIC INDICATORS 153
TABLE 131 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 153
TABLE 132 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 153
TABLE 133 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 154
TABLE 134 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 154
TABLE 135 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 155
TABLE 136 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 155
TABLE 137 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 156
10.4.2 JAPAN 156
10.4.2.1 Increasing prevalence of age-related illnesses driving the growth of the lateral flow assay components market in Japan 156
TABLE 138 JAPAN: MACROECONOMIC INDICATORS 157
TABLE 139 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 157
TABLE 140 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 157
TABLE 141 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 158
TABLE 142 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 158
TABLE 143 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 159
TABLE 144 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 159
TABLE 145 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 160
10.4.3 INDIA 160
10.4.3.1 Increasing number of local manufacturers, growing healthcare concerns, and rising income levels to propel the growth of this market 160
TABLE 146 INDIA: MACROECONOMIC INDICATORS 160
TABLE 147 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 161
TABLE 148 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 161
TABLE 149 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 161
TABLE 150 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 162
TABLE 151 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 162
TABLE 152 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 163
TABLE 153 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 163
10.4.4 AUSTRALIA 164
10.4.4.1 Increasing prevalence of infectious diseases, especially influenza, to drive the growth of the lateral flow assay components market in Australia 164
TABLE 154 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 164
TABLE 155 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 164
TABLE 156 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 165
TABLE 157 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 165
TABLE 158 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 166
TABLE 159 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 166
TABLE 160 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 167
10.4.5 REST OF ASIA PACIFIC 167
TABLE 161 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 167
TABLE 162 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 168
TABLE 163 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 168
TABLE 164 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 168
TABLE 165 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 169
TABLE 166 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 169
TABLE 167 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 170
10.5 LATIN AMERICA 170
10.5.1 HIGH DEMAND FOR HIV POC DEVICES IN THE REGION TO SUPPORT THE GROWTH OF THE MARKET 170
TABLE 168 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 171
TABLE 169 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 171
TABLE 170 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD
TYPE, 2020–2027 (USD MILLION) 171
TABLE 171 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 172
TABLE 172 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 172
TABLE 173 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 173
TABLE 174 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 173
10.6 MIDDLE EAST & AFRICA 173
10.6.1 SIGNIFICANT SUPPORT FROM GOVERNMENTS AND GLOBAL FIRMS TOWARDS EXPANDING HEALTHCARE SERVICES DRIVES THE ADOPTION OF LATERAL FLOW ASSAYS 173
TABLE 175 MIDDLE EAST & AFRICA: MACROECONOMIC INDICATORS 174
TABLE 176 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TYPE, 2020–2027 (USD MILLION) 174
TABLE 177 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 175
TABLE 178 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 175
TABLE 179 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 175
TABLE 180 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 176
TABLE 181 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 176
TABLE 182 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 177
11 COMPETITIVE LANDSCAPE 178
11.1 OVERVIEW 178
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 178
FIGURE 25 OVERVIEW OF STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
11.3 REVENUE SHARE ANALYSIS FOR KEY PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
FIGURE 26 REVENUE SHARE ANALYSIS FOR THE KEY PLAYERS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 180
11.4 MARKET SHARE ANALYSIS 180
FIGURE 27 LATERAL FLOW ASSAY COMPONENTS MARKET SHARE ANALYSIS, BY KEY PLAYER (2021) 181
TABLE 183 LATERAL FLOW ASSAY COMPONENTS MARKET: DEGREE OF COMPETITION 182
11.5 R&D ASSESSMENT OF KEY PLAYERS 183
FIGURE 28 R&D EXPENDITURE: MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2018 VS. 2020 183
11.6 GEOGRAPHIC REVENUE ASSESSMENT OF KEY PLAYERS 183
FIGURE 29 GEOGRAPHIC REVENUE ASSESSMENT: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 184
11.7 COMPANY EVALUATION QUADRANT 184
11.7.1 STARS 184
11.7.2 PERVASIVE PLAYERS 184
11.7.3 EMERGING LEADERS 185
11.7.4 PARTICIPANTS 185
FIGURE 30 LATERAL FLOW ASSAY COMPONENTS MARKET: COMPANY EVALUATION MATRIX, 2021 185
11.8 COMPETITIVE BENCHMARKING 186
11.8.1 OVERALL COMPANY FOOTPRINT 186
TABLE 184 OVERALL COMPANY FOOTPRINT (17 COMPANIES) 186
TABLE 185 COMPANY FOOTPRINT: BY TYPE (17 COMPANIES) 187
TABLE 186 COMPANY FOOTPRINT: BY REGION (17 COMPANIES) 188
11.9 COMPETITIVE SCENARIO 188
11.9.1 DEALS 189
TABLE 187 DEALS, JANUARY 2019–FEBRUARY 2022 189
11.9.2 OTHER DEVELOPMENTS 189
TABLE 188 OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2022 189
12 COMPANY PROFILES 190
12.1 KEY PLAYERS 190
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 DANAHER CORPORATION (PALL CORPORATION AND CYTIVA LIFE SCIENCE) 190
TABLE 189 DANAHER CORPORATION: BUSINESS OVERVIEW 190
FIGURE 31 DANAHER CORPORATION: COMPANY SNAPSHOT (2020) 191
12.1.2 SARTORIUS STEDIM BIOTECH 195
TABLE 190 SARTORIUS STEDIM BIOTECH: BUSINESS OVERVIEW 195
12.1.3 MERCK KGAA 199
TABLE 191 MERCK KGAA: BUSINESS OVERVIEW 199
FIGURE 33 MERCK KGAA: COMPANY SNAPSHOT (2020) 200
12.1.4 AHLSTROM-MUNKSJÖ 204
TABLE 192 AHLSTROM-MUNKSJÖ: BUSINESS OVERVIEW 204
FIGURE 34 AHLSTROM-MUNKSJÖ: COMPANY SNAPSHOT (2020) 205
12.1.5 ADVANCED MICRODEVICES PVT. LTD. 208
TABLE 193 ADVANCED MICRODEVICES PVT. LTD.: BUSINESS OVERVIEW 208
12.1.6 DCN DIAGNOSTICS 210
TABLE 194 DCN DIAGNOSTICS: BUSINESS OVERVIEW 210
12.2 OTHER PLAYERS 211
12.2.1 FORTIS LIFE SCIENCES 211
TABLE 195 FORTIS LIFE SCIENCES: BUSINESS OVERVIEW 211
12.2.2 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD 212
TABLE 196 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD.:
BUSINESS OVERVIEW 212
12.2.3 AXIVA SICHEM BIOTECH 214
TABLE 197 AXIVA SICHEM BIOTECH: BUSINESS OVERVIEW 214
12.2.4 NUPORE FILTRATION SYSTEM 216
TABLE 198 NUPORE FILTRATION SYSTEM: BUSINESS OVERVIEW 216
12.2.5 BALLYA BIO 217
TABLE 199 BALLYA BIO: BUSINESS OVERVIEW 217
12.2.6 RUNBIO BIOTECH CO. LTD. 219
TABLE 200 RUNBIO BIOTECH CO. LTD.: BUSINESS OVERVIEW 219
12.2.7 NEENAH GESSNER 220
TABLE 201 NEENAH GESSNER: BUSINESS OVERVIEW 220
12.2.8 MAXIM BIOMEDICAL 221
TABLE 202 MAXIM BIOMEDICAL: BUSINESS OVERVIEW 221
12.2.9 CYTODIAGNOSTICS 222
TABLE 203 CYTODIAGNOSTICS: BUSINESS OVERVIEW 222
12.2.10 SENOVA GMBH 223
TABLE 204 SENOVA GMBH: BUSINESS OVERVIEW 223
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 224
13.1 DISCUSSION GUIDE 224
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 229
13.3 AVAILABLE CUSTOMIZATIONS 231
13.4 RELATED REPORTS 231
13.5 AUTHOR DETAILS 232
MarketsandMarkets