by Product (Fully-Automated Analyzers, PoC Analyzers, Reagents), Test Type (Basic Metabolic, Liver, Renal, Lipid, Thyroid Function), End User (Hospitals, Clinics, Laboratories, Research) – Global Forecast to 2026
Publisher: MarketsandMarkets
# of Pages: 151
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Publication Date: February, 2021
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TABLE OF CONTENTS
1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
FIGURE 1 INCLUSIONS & EXCLUSIONS 24
1.2.1 MARKETS COVERED 25
FIGURE 2 CLINICAL CHEMISTRY ANALYZERS MARKET 25
1.2.2 YEARS CONSIDERED FOR THE STUDY 25
1.3 CURRENCY 26
1.4 LIMITATIONS 26
1.5 STAKEHOLDERS 26
1.6 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.2 RESEARCH APPROACH 28
FIGURE 3 CLINICAL CHEMISTRY ANALYZERS MARKET: RESEARCH DESIGN METHODOLOGY 28
2.2.1 SECONDARY DATA 29
2.2.1.1 Key data from secondary sources 29
2.2.2 PRIMARY DATA 30
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 30
2.2.2.1 Key data from primary sources 31
2.3 MARKET SIZE ESTIMATION 32
2.3.1 BOTTOM-UP APPROACH 32
FIGURE 5 CLINICAL CHEMISTRY ANALYZERS MARKET: BOTTOM-UP APPROACH 32
2.3.2 TOP-DOWN APPROACH 33
FIGURE 6 CLINICAL CHEMISTRY ANALYZER MARKET: TOP-DOWN APPROACH 33
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 7 DATA TRIANGULATION METHODOLOGY 34
2.5 ASSUMPTIONS FOR THE STUDY 35
3 EXECUTIVE SUMMARY 36
FIGURE 8 CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2021 VS. 2026 (USD MILLION) 36
FIGURE 9 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 37
FIGURE 10 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2021 VS. 2026 (USD MILLION) 37
FIGURE 11 CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 38
FIGURE 12 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION,
2021 VS. 2026 (USD MILLION) 39
4 PREMIUM INSIGHTS 40
4.1 CLINICAL CHEMISTRY ANALYZERS MARKET OVERVIEW 40
FIGURE 13 THE RISING ADOPTION OF POC PRODUCTS IS EXPECTED TO SUPPORT MARKET GROWTH DURING THE FORECAST PERIOD 40
4.2 CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2021 VS. 2026 (USD MILLION) 41
FIGURE 14 THE REAGENTS SEGMENT IS EXPECTED TO COMMAND THE LARGEST SHARE OF THE MARKET, BY PRODUCT, IN 2021 41
4.3 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE, 2021 VS. 2026 (USD MILLION) 41
FIGURE 15 THE SEMI-AUTOMATIC ANALYZER SEGMENT IS EXPECTED TO HOLD THE LARGEST SHARE OF THE MARKET, BY TYPE, DURING THE FORECAST PERIOD 41
4.4 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION, 2021 VS. 2026 42
FIGURE 16 THE ASIA PACIFIC MARKET IS ESTIMATED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 43
FIGURE 17 CLINICAL CHEMISTRY ANALYZER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND TRENDS 43
5.2.1 DRIVERS 44
5.2.1.1 Rising geriatric population and the increasing prevalence of chronic & lifestyle diseases 44
TABLE 1 ESTIMATED INCREASE IN THE GERIATRIC POPULATION,
BY REGION (2019-2050) 44
5.2.1.2 Growing adoption of Point-of-Care testing devices 45
5.2.1.3 Increasing demand for laboratory automation 46
5.2.2 RESTRAINTS 46
5.2.2.1 The requirement of high capital investments and a shortage of skilled laboratory technicians 46
5.2.2.2 Availability of refurbished analyzers 47
5.2.3 OPPORTUNITIES 47
5.2.3.1 Increasing government initiatives and funding for preventive care 47
5.2.4 TRENDS 47
5.2.4.1 Multichannel operations of integrated analyzers 47
5.2.5 COVID 19 IMPACT ANALYSIS 48
5.3 PRICING ANALYSIS 49
TABLE 2 AVERAGE SELLING PRICES OF PRODUCTS (USD) 49
5.4 VALUE CHAIN ANALYSIS 49
FIGURE 18 VALUE CHAIN ANALYSIS OF THE CLINICAL CHEMISTRY ANALYZERS MARKET 49
5.5 SUPPLY CHAIN ANALYSIS 49
FIGURE 19 SUPPLY CHAIN ANALYSIS 50
5.6 ECOSYSTEM ANALYSIS 51
5.7 PORTER’S FIVE FORCES ANALYSIS 52
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS 52
5.7.1 THREAT FROM NEW ENTRANTS 52
5.7.2 THREAT FROM SUBSTITUTES 52
5.7.3 BARGAINING POWER OF BUYERS 53
5.7.4 BARGAINING POWER OF SUPPLIERS 53
5.7.5 COMPETITIVE RIVALRY AMONG EXISTING PLAYERS 53
5.8 PESTLE ANALYSIS 54
6 CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT 55
6.1 INTRODUCTION 56
TABLE 3 CLINICAL CHEMISTRY REAGENTS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 56
6.2 REAGENTS 56
6.2.1 THE RECURRENT PURCHASE REQUIREMENT OF REAGENTS DRIVES MARKET GROWTH 56
TABLE 4 CLINICAL CHEMISTRY REAGENTS MARKET, BY REGION,
2019–2026 (USD MILLION) 57
6.3 ANALYZERS 57
TABLE 5 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 57
TABLE 6 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 58
6.3.1 SEMI-AUTOMATIC ANALYZERS 58
6.3.1.1 The cost-effectiveness of semi-automatic analyzers drives segment growth 58
TABLE 7 SEMI-AUTOMATIC ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 58
6.3.2 FULLY AUTOMATIC ANALYZERS 59
6.3.2.1 Fully automatic analyzers offer rapid sample processing, thus enhancing workflows 59
TABLE 8 FULLY AUTOMATIC ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 59
6.3.3 POINT-OF-CARE ANALYZERS 59
6.3.3.1 The increasing adoption of PoC technologies drives segment growth 59
TABLE 9 POINT-OF-CARE ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 60
6.4 OTHER PRODUCTS 60
TABLE 10 CLINICAL CHEMISTRY ANALYZERS FOR OTHER PRODUCTS MARKET,
BY REGION, 2019–2026 (USD MILLION) 60
7 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE 61
7.1 INTRODUCTION 62
TABLE 11 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 62
7.2 BASIC METABOLIC PANEL 62
7.2.1 THE RISING INCIDENCE OF DIABETES AND OTHER CHRONIC DISEASES IS A PRIMARY GROWTH DRIVER FOR THIS SEGMENT 62
TABLE 12 BASIC METABOLIC PANEL TESTS MARKET, BY REGION,
2019–2026 (USD MILLION) 63
7.3 LIVER PANEL 63
7.3.1 THE INCREASING INCIDENCE OF LIVER-RELATED DISEASES IS A KEY FACTOR DRIVING MARKET GROWTH 63
TABLE 13 LIVER PANEL TESTS MARKET, BY REGION, 2019–2026 (USD MILLION) 64
7.4 RENAL PROFILE 64
7.4.1 THE RISING INCIDENCE OF ESRD PATIENTS DRIVES THE GROWTH OF THE RENAL PROFILE TESTING MARKET 64
TABLE 14 RENAL PROFILE TESTS MARKET, BY REGION, 2019–2026 (USD MILLION) 64
7.5 LIPID PROFILE 65
7.5.1 LIPID PROFILE TESTS ARE PRESCRIBED TO MONITOR UNHEALTHY LIPID LEVELS AND AVOID CVD RISKS 65
TABLE 15 LIPID PROFILE TESTS MARKET, BY REGION, 2019–2026 (USD MILLION) 65
7.6 THYROID FUNCTION PANEL 65
7.6.1 THE INCREASING INCIDENCE OF THYROID-RELATED DISORDERS DRIVES THE GROWTH OF THIS SEGMENT 65
TABLE 16 THYROID FUNCTION PANEL TESTS MARKET, BY REGION,
2019–2026 (USD MILLION) 66
7.7 ELECTROLYTE PANEL 66
7.7.1 THE ELECTROLYTE TEST PANEL IS PRESCRIBED TO PATIENTS THAT SUFFER FROM HYPERTENSION OR LIVER & KIDNEY DISEASES 66
TABLE 17 ELECTROLYTE PANEL TESTS MARKET, BY REGION,
2019–2026 (USD MILLION) 66
7.8 SPECIALTY CHEMICAL TESTS 67
7.8.1 THIS SEGMENT IS EXPECTED TO GROW AT THE LOWEST CAGR DURING THE FORECAST PERIOD AS THESE TESTS ARE NOT PRESCRIBED REGULARLY 67
TABLE 18 SPECIALTY CHEMICAL TESTS MARKET, BY REGION,
2019–2026 (USD MILLION) 67
8 CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER 68
8.1 INTRODUCTION 69
TABLE 19 CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 69
8.2 HOSPITALS AND CLINICS 69
8.2.1 HOSPITALS ARE THE MAJOR END USERS OF CLINICAL CHEMISTRY ANALYZERS 69
TABLE 20 CLINICAL CHEMISTRY ANALYZERS MARKET FOR HOSPITALS AND CLINICS,
BY REGION, 2019–2026 (USD MILLION) 70
8.3 DIAGNOSTIC LABORATORIES 70
8.3.1 INCREASING OUTSOURCING ACTIVITIES TO DIAGNOSTIC LABORATORIES FOR REDUCED COSTS DRIVE THE GROWTH OF THIS SEGMENT 70
TABLE 21 CLINICAL CHEMISTRY ANALYZERS MARKET FOR DIAGNOSTIC LABORATORIES, BY REGION, 2019–2026 (USD MILLION) 71
8.4 RESEARCH LABORATORIES & INSTITUTES 71
8.4.1 GROWTH IN FUNDING FOR LIFE SCIENCE RESEARCH IS A PRIMARY DRIVER FOR THIS END-USER SEGMENT 71
TABLE 22 CLINICAL CHEMISTRY ANALYZERS MARKET FOR RESEARCH LABORATORIES & INSTITUTES, BY REGION, 2019–2026 (USD MILLION) 71
8.5 OTHER END USERS 72
TABLE 23 CLINICAL CHEMISTRY ANALYZERS MARKET FOR OTHER END USERS,
BY REGION, 2019–2026 (USD MILLION) 72
9 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION 73
9.1 INTRODUCTION 74
TABLE 24 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 74
9.2 NORTH AMERICA 74
FIGURE 21 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET SNAPSHOT 75
TABLE 25 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 75
TABLE 26 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 76
TABLE 27 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE, 2019–2026 (USD MILLION) 76
TABLE 28 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE, 2019–2026 (USD MILLION) 76
TABLE 29 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER, 2019–2026 (USD MILLION) 77
9.2.1 US 77
9.2.1.1 Increasing cases of diabetes & obesity-related diseases is a key factor expected to drive market growth 77
TABLE 30 US: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 78
TABLE 31 US: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 78
TABLE 32 US: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 78
TABLE 33 US: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 79
9.2.2 CANADA 79
9.2.2.1 The increasing prevalence of chronic & lifestyle diseases drives the market growth in Canada 79
TABLE 34 CANADA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 80
TABLE 35 CANADA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 80
TABLE 36 CANADA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 80
TABLE 37 CANADA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 81
9.3 EUROPE 81
TABLE 38 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 81
TABLE 39 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 82
TABLE 40 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 82
TABLE 41 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 82
TABLE 42 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 83
9.3.1 UK 83
9.3.1.1 The increasing number of accredited clinical laboratories in the UK propels market growth for chemical analyzers 83
TABLE 43 UK: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 84
TABLE 44 UK: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 84
TABLE 45 UK: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 84
TABLE 46 UK: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 85
9.3.2 GERMANY 85
9.3.2.1 Increasing healthcare expenditure to drive market growth in Germany 85
TABLE 47 GERMANY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 85
TABLE 48 GERMANY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 86
TABLE 49 GERMANY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 86
TABLE 50 GERMANY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 86
9.3.3 FRANCE 87
9.3.3.1 Rising R&D expenditure in France to drive market growth 87
TABLE 51 FRANCE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 87
TABLE 52 FRANCE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 87
TABLE 53 FRANCE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 88
TABLE 54 FRANCE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 88
9.3.4 ITALY 88
9.3.4.1 Age-related chronic conditions owing to a large geriatric population to drive market growth in Italy 88
TABLE 55 ITALY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 89
TABLE 56 ITALY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 89
TABLE 57 ITALY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 89
TABLE 58 ITALY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 90
9.3.5 SPAIN 90
9.3.5.1 Increasing prevalence of age-associated disorders to drive market growth in Spain 90
TABLE 59 SPAIN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 90
TABLE 60 SPAIN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 91
TABLE 61 SPAIN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 91
TABLE 62 SPAIN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 91
9.3.6 RUSSIA 92
9.3.6.1 Increasing access to quality healthcare will support market growth in Russia 92
TABLE 63 RUSSIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 92
TABLE 64 RUSSIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 92
TABLE 65 RUSSIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 93
TABLE 66 RUSSIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 93
9.3.7 REST OF EUROPE (ROE) 93
TABLE 67 ROE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 94
TABLE 68 ROE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 94
TABLE 69 ROE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 94
TABLE 70 ROE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 95
9.4 ASIA PACIFIC 95
FIGURE 22 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET SNAPSHOT 96
TABLE 71 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 96
TABLE 72 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 97
TABLE 73 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 97
TABLE 74 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 97
TABLE 75 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 98
9.4.1 CHINA 98
9.4.1.1 China accounted for the largest share of the APAC market in 2020 98
TABLE 76 CHINA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 99
TABLE 77 CHINA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 99
TABLE 78 CHINA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 99
TABLE 79 CHINA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 100
9.4.2 JAPAN 100
9.4.2.1 A favorable regulatory framework to drive market growth in Japan 100
TABLE 80 JAPAN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 101
TABLE 81 JAPAN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 101
TABLE 82 JAPAN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 101
TABLE 83 JAPAN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 102
9.4.3 INDIA 102
9.4.3.1 Increasing private & public investments in the country’s healthcare system will drive market growth 102
TABLE 84 INDIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 103
TABLE 85 INDIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 103
TABLE 86 INDIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 103
TABLE 87 INDIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 104
9.4.4 REST OF ASIA PACIFIC (ROAPAC) 104
TABLE 88 ROAPAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 104
TABLE 89 ROAPAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 105
TABLE 90 ROAPAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 105
TABLE 91 ROAPAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 105
9.5 LATIN AMERICA 106
TABLE 92 LATIN AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 106
TABLE 93 LATIN AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 107
TABLE 94 LATIN AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE, 2019–2026 (USD MILLION) 107
TABLE 95 LATIN AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER, 2019–2026 (USD MILLION) 107
9.6 MIDDLE EAST AND AFRICA 108
TABLE 96 MEA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 108
TABLE 97 MEA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 108
TABLE 98 MEA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 109
TABLE 99 MEA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 109
10 COMPETITIVE LANDSCAPE 110
10.1 OVERVIEW 110
FIGURE 23 KEY DEVELOPMENTS IN THE CLINICAL CHEMISTRY ANALYZERS MARKET 110
10.2 MARKET SHARE ANALYSIS 111
FIGURE 24 CLINICAL CHEMISTRY ANALYZERS MARKET SHARE, BY KEY PLAYER (2019) 111
10.3 COMPANY EVALUATION QUADRANT 111
10.3.1 LIST OF EVALUATED VENDORS 111
10.3.2 STARS 111
10.3.3 EMERGING LEADERS 112
10.3.4 PERVASIVE PLAYERS 112
10.3.5 PARTICIPANTS 112
FIGURE 25 CLINICAL CHEMISTRY ANALYZERS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019 113
10.4 COMPETITIVE EVALUATION MATRIX FOR START-UPS (2019) 114
10.4.1 PROGRESSIVE COMPANIES 114
10.4.2 STARTING BLOCKS 114
10.4.3 RESPONSIVE COMPANIES 114
10.4.4 DYNAMIC COMPANIES 114
FIGURE 26 CLINICAL CHEMISTRY ANALYZERS MARKET: COMPETITIVE LEADERSHIP MAPPING FOR START-UPS, 2019 115
10.5 COMPETITIVE SCENARIO 116
10.5.1 PRODUCT LAUNCHES 116
TABLE 100 KEY PRODUCT LAUNCHES 116
10.5.2 ACQUISITIONS 116
TABLE 101 KEY ACQUISITIONS 116
10.5.3 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 117
TABLE 102 KEY PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 117
10.5.4 EXPANSIONS 117
TABLE 103 KEY EXPANSIONS 117
11 COMPANY PROFILES 118
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1 ROCHE DIAGNOSTICS LTD. 118
FIGURE 27 F. HOFFMANN-LA ROCHE LTD.: COMPANY SNAPSHOT (2019) 118
11.2 DANAHER CORPORATION 120
FIGURE 28 DANAHER CORPORATION: COMPANY SNAPSHOT (2019) 120
11.3 ABBOTT LABORATORIES 122
FIGURE 29 ABBOTT LABORATORIES: COMPANY SNAPSHOT (2019) 122
11.4 THERMO FISHER SCIENTIFIC INC. 125
FIGURE 30 THERMO FISHER SCIENTIFIC INC.: COMPANY SNAPSHOT (2019) 125
11.5 SIEMENS HEALTHINEERS AG 127
FIGURE 31 SIEMENS HEALTHINEERS AG: COMPANY SNAPSHOT 127
11.6 HORIBA, LTD. 129
FIGURE 32 HORIBA LTD.: COMPANY SNAPSHOT (2019) 129
11.7 SYSMEX CORPORATION 131
FIGURE 33 SYSMEX CORPORATION: COMPANY SNAPSHOT (2019) 131
11.8 EKF DIAGNOSTICS 133
FIGURE 34 EKF DIAGNOSTICS: COMPANY SNAPSHOT 133
11.9 HITACHI 135
FIGURE 35 HITACHI LTD.: COMPANY SNAPSHOT (2019) 135
11.10 ORTHO CLINICAL DIAGNOSTICS 136
11.10.1 BUSINESS OVERVIEW 136
11.10.2 PRODUCTS OFFERED 136
11.10.3 RECENT DEVELOPMENTS 136
11.11 ELITECHGROUP 137
11.12 MINDRAY MEDICAL INTERNATIONAL LTD. 138
11.13 BIOBASE GROUP 139
11.14 SFRI MEDICAL DIAGNOSTICS 140
11.15 TRIVITRON HEALTHCARE PVT. LTD. 141
11.16 RANDOX LABORATORIES LTD. 143
11.17 MEDICA CORPORATION 143
11.18 MERIL LIFE SCIENCES PVT. LTD. 144
11.19 ERBA MANNHEIM 145
11.20 GENRUI BIOTECH INC. 145
11.21 DIRUI INDUSTRIAL CO., LTD. 146
11.22 TECO DIAGNOSTICS 147
11.23 BALIO DIAGNOSTICS 147
11.24 SNIBE CO. LTD. 148
11.25 AMS ALLIANCE 148
*Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12 APPENDIX 149
12.1 INSIGHTS FROM INDUSTRY EXPERTS 149
12.2 DISCUSSION GUIDE 150
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 152
12.4 AVAILABLE CUSTOMIZATIONS 154
12.5 RELATED REPORTS 154
12.6 AUTHOR DETAILS 155
TABLE OF CONTENTS
1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
FIGURE 1 INCLUSIONS & EXCLUSIONS 24
1.2.1 MARKETS COVERED 25
FIGURE 2 CLINICAL CHEMISTRY ANALYZERS MARKET 25
1.2.2 YEARS CONSIDERED FOR THE STUDY 25
1.3 CURRENCY 26
1.4 LIMITATIONS 26
1.5 STAKEHOLDERS 26
1.6 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.2 RESEARCH APPROACH 28
FIGURE 3 CLINICAL CHEMISTRY ANALYZERS MARKET: RESEARCH DESIGN METHODOLOGY 28
2.2.1 SECONDARY DATA 29
2.2.1.1 Key data from secondary sources 29
2.2.2 PRIMARY DATA 30
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 30
2.2.2.1 Key data from primary sources 31
2.3 MARKET SIZE ESTIMATION 32
2.3.1 BOTTOM-UP APPROACH 32
FIGURE 5 CLINICAL CHEMISTRY ANALYZERS MARKET: BOTTOM-UP APPROACH 32
2.3.2 TOP-DOWN APPROACH 33
FIGURE 6 CLINICAL CHEMISTRY ANALYZER MARKET: TOP-DOWN APPROACH 33
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 7 DATA TRIANGULATION METHODOLOGY 34
2.5 ASSUMPTIONS FOR THE STUDY 35
3 EXECUTIVE SUMMARY 36
FIGURE 8 CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2021 VS. 2026 (USD MILLION) 36
FIGURE 9 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 37
FIGURE 10 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2021 VS. 2026 (USD MILLION) 37
FIGURE 11 CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 38
FIGURE 12 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION,
2021 VS. 2026 (USD MILLION) 39
4 PREMIUM INSIGHTS 40
4.1 CLINICAL CHEMISTRY ANALYZERS MARKET OVERVIEW 40
FIGURE 13 THE RISING ADOPTION OF POC PRODUCTS IS EXPECTED TO SUPPORT MARKET GROWTH DURING THE FORECAST PERIOD 40
4.2 CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2021 VS. 2026 (USD MILLION) 41
FIGURE 14 THE REAGENTS SEGMENT IS EXPECTED TO COMMAND THE LARGEST SHARE OF THE MARKET, BY PRODUCT, IN 2021 41
4.3 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE, 2021 VS. 2026 (USD MILLION) 41
FIGURE 15 THE SEMI-AUTOMATIC ANALYZER SEGMENT IS EXPECTED TO HOLD THE LARGEST SHARE OF THE MARKET, BY TYPE, DURING THE FORECAST PERIOD 41
4.4 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION, 2021 VS. 2026 42
FIGURE 16 THE ASIA PACIFIC MARKET IS ESTIMATED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 43
FIGURE 17 CLINICAL CHEMISTRY ANALYZER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND TRENDS 43
5.2.1 DRIVERS 44
5.2.1.1 Rising geriatric population and the increasing prevalence of chronic & lifestyle diseases 44
TABLE 1 ESTIMATED INCREASE IN THE GERIATRIC POPULATION,
BY REGION (2019-2050) 44
5.2.1.2 Growing adoption of Point-of-Care testing devices 45
5.2.1.3 Increasing demand for laboratory automation 46
5.2.2 RESTRAINTS 46
5.2.2.1 The requirement of high capital investments and a shortage of skilled laboratory technicians 46
5.2.2.2 Availability of refurbished analyzers 47
5.2.3 OPPORTUNITIES 47
5.2.3.1 Increasing government initiatives and funding for preventive care 47
5.2.4 TRENDS 47
5.2.4.1 Multichannel operations of integrated analyzers 47
5.2.5 COVID 19 IMPACT ANALYSIS 48
5.3 PRICING ANALYSIS 49
TABLE 2 AVERAGE SELLING PRICES OF PRODUCTS (USD) 49
5.4 VALUE CHAIN ANALYSIS 49
FIGURE 18 VALUE CHAIN ANALYSIS OF THE CLINICAL CHEMISTRY ANALYZERS MARKET 49
5.5 SUPPLY CHAIN ANALYSIS 49
FIGURE 19 SUPPLY CHAIN ANALYSIS 50
5.6 ECOSYSTEM ANALYSIS 51
5.7 PORTER’S FIVE FORCES ANALYSIS 52
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS 52
5.7.1 THREAT FROM NEW ENTRANTS 52
5.7.2 THREAT FROM SUBSTITUTES 52
5.7.3 BARGAINING POWER OF BUYERS 53
5.7.4 BARGAINING POWER OF SUPPLIERS 53
5.7.5 COMPETITIVE RIVALRY AMONG EXISTING PLAYERS 53
5.8 PESTLE ANALYSIS 54
6 CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT 55
6.1 INTRODUCTION 56
TABLE 3 CLINICAL CHEMISTRY REAGENTS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 56
6.2 REAGENTS 56
6.2.1 THE RECURRENT PURCHASE REQUIREMENT OF REAGENTS DRIVES MARKET GROWTH 56
TABLE 4 CLINICAL CHEMISTRY REAGENTS MARKET, BY REGION,
2019–2026 (USD MILLION) 57
6.3 ANALYZERS 57
TABLE 5 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 57
TABLE 6 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 58
6.3.1 SEMI-AUTOMATIC ANALYZERS 58
6.3.1.1 The cost-effectiveness of semi-automatic analyzers drives segment growth 58
TABLE 7 SEMI-AUTOMATIC ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 58
6.3.2 FULLY AUTOMATIC ANALYZERS 59
6.3.2.1 Fully automatic analyzers offer rapid sample processing, thus enhancing workflows 59
TABLE 8 FULLY AUTOMATIC ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 59
6.3.3 POINT-OF-CARE ANALYZERS 59
6.3.3.1 The increasing adoption of PoC technologies drives segment growth 59
TABLE 9 POINT-OF-CARE ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 60
6.4 OTHER PRODUCTS 60
TABLE 10 CLINICAL CHEMISTRY ANALYZERS FOR OTHER PRODUCTS MARKET,
BY REGION, 2019–2026 (USD MILLION) 60
7 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE 61
7.1 INTRODUCTION 62
TABLE 11 CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 62
7.2 BASIC METABOLIC PANEL 62
7.2.1 THE RISING INCIDENCE OF DIABETES AND OTHER CHRONIC DISEASES IS A PRIMARY GROWTH DRIVER FOR THIS SEGMENT 62
TABLE 12 BASIC METABOLIC PANEL TESTS MARKET, BY REGION,
2019–2026 (USD MILLION) 63
7.3 LIVER PANEL 63
7.3.1 THE INCREASING INCIDENCE OF LIVER-RELATED DISEASES IS A KEY FACTOR DRIVING MARKET GROWTH 63
TABLE 13 LIVER PANEL TESTS MARKET, BY REGION, 2019–2026 (USD MILLION) 64
7.4 RENAL PROFILE 64
7.4.1 THE RISING INCIDENCE OF ESRD PATIENTS DRIVES THE GROWTH OF THE RENAL PROFILE TESTING MARKET 64
TABLE 14 RENAL PROFILE TESTS MARKET, BY REGION, 2019–2026 (USD MILLION) 64
7.5 LIPID PROFILE 65
7.5.1 LIPID PROFILE TESTS ARE PRESCRIBED TO MONITOR UNHEALTHY LIPID LEVELS AND AVOID CVD RISKS 65
TABLE 15 LIPID PROFILE TESTS MARKET, BY REGION, 2019–2026 (USD MILLION) 65
7.6 THYROID FUNCTION PANEL 65
7.6.1 THE INCREASING INCIDENCE OF THYROID-RELATED DISORDERS DRIVES THE GROWTH OF THIS SEGMENT 65
TABLE 16 THYROID FUNCTION PANEL TESTS MARKET, BY REGION,
2019–2026 (USD MILLION) 66
7.7 ELECTROLYTE PANEL 66
7.7.1 THE ELECTROLYTE TEST PANEL IS PRESCRIBED TO PATIENTS THAT SUFFER FROM HYPERTENSION OR LIVER & KIDNEY DISEASES 66
TABLE 17 ELECTROLYTE PANEL TESTS MARKET, BY REGION,
2019–2026 (USD MILLION) 66
7.8 SPECIALTY CHEMICAL TESTS 67
7.8.1 THIS SEGMENT IS EXPECTED TO GROW AT THE LOWEST CAGR DURING THE FORECAST PERIOD AS THESE TESTS ARE NOT PRESCRIBED REGULARLY 67
TABLE 18 SPECIALTY CHEMICAL TESTS MARKET, BY REGION,
2019–2026 (USD MILLION) 67
8 CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER 68
8.1 INTRODUCTION 69
TABLE 19 CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 69
8.2 HOSPITALS AND CLINICS 69
8.2.1 HOSPITALS ARE THE MAJOR END USERS OF CLINICAL CHEMISTRY ANALYZERS 69
TABLE 20 CLINICAL CHEMISTRY ANALYZERS MARKET FOR HOSPITALS AND CLINICS,
BY REGION, 2019–2026 (USD MILLION) 70
8.3 DIAGNOSTIC LABORATORIES 70
8.3.1 INCREASING OUTSOURCING ACTIVITIES TO DIAGNOSTIC LABORATORIES FOR REDUCED COSTS DRIVE THE GROWTH OF THIS SEGMENT 70
TABLE 21 CLINICAL CHEMISTRY ANALYZERS MARKET FOR DIAGNOSTIC LABORATORIES, BY REGION, 2019–2026 (USD MILLION) 71
8.4 RESEARCH LABORATORIES & INSTITUTES 71
8.4.1 GROWTH IN FUNDING FOR LIFE SCIENCE RESEARCH IS A PRIMARY DRIVER FOR THIS END-USER SEGMENT 71
TABLE 22 CLINICAL CHEMISTRY ANALYZERS MARKET FOR RESEARCH LABORATORIES & INSTITUTES, BY REGION, 2019–2026 (USD MILLION) 71
8.5 OTHER END USERS 72
TABLE 23 CLINICAL CHEMISTRY ANALYZERS MARKET FOR OTHER END USERS,
BY REGION, 2019–2026 (USD MILLION) 72
9 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION 73
9.1 INTRODUCTION 74
TABLE 24 CLINICAL CHEMISTRY ANALYZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 74
9.2 NORTH AMERICA 74
FIGURE 21 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET SNAPSHOT 75
TABLE 25 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 75
TABLE 26 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 76
TABLE 27 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE, 2019–2026 (USD MILLION) 76
TABLE 28 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE, 2019–2026 (USD MILLION) 76
TABLE 29 NORTH AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER, 2019–2026 (USD MILLION) 77
9.2.1 US 77
9.2.1.1 Increasing cases of diabetes & obesity-related diseases is a key factor expected to drive market growth 77
TABLE 30 US: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 78
TABLE 31 US: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 78
TABLE 32 US: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 78
TABLE 33 US: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 79
9.2.2 CANADA 79
9.2.2.1 The increasing prevalence of chronic & lifestyle diseases drives the market growth in Canada 79
TABLE 34 CANADA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 80
TABLE 35 CANADA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 80
TABLE 36 CANADA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 80
TABLE 37 CANADA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 81
9.3 EUROPE 81
TABLE 38 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 81
TABLE 39 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 82
TABLE 40 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 82
TABLE 41 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 82
TABLE 42 EUROPE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 83
9.3.1 UK 83
9.3.1.1 The increasing number of accredited clinical laboratories in the UK propels market growth for chemical analyzers 83
TABLE 43 UK: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 84
TABLE 44 UK: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 84
TABLE 45 UK: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 84
TABLE 46 UK: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 85
9.3.2 GERMANY 85
9.3.2.1 Increasing healthcare expenditure to drive market growth in Germany 85
TABLE 47 GERMANY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 85
TABLE 48 GERMANY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 86
TABLE 49 GERMANY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 86
TABLE 50 GERMANY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 86
9.3.3 FRANCE 87
9.3.3.1 Rising R&D expenditure in France to drive market growth 87
TABLE 51 FRANCE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 87
TABLE 52 FRANCE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 87
TABLE 53 FRANCE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 88
TABLE 54 FRANCE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 88
9.3.4 ITALY 88
9.3.4.1 Age-related chronic conditions owing to a large geriatric population to drive market growth in Italy 88
TABLE 55 ITALY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 89
TABLE 56 ITALY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 89
TABLE 57 ITALY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 89
TABLE 58 ITALY: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 90
9.3.5 SPAIN 90
9.3.5.1 Increasing prevalence of age-associated disorders to drive market growth in Spain 90
TABLE 59 SPAIN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 90
TABLE 60 SPAIN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 91
TABLE 61 SPAIN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 91
TABLE 62 SPAIN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 91
9.3.6 RUSSIA 92
9.3.6.1 Increasing access to quality healthcare will support market growth in Russia 92
TABLE 63 RUSSIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 92
TABLE 64 RUSSIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 92
TABLE 65 RUSSIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 93
TABLE 66 RUSSIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 93
9.3.7 REST OF EUROPE (ROE) 93
TABLE 67 ROE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 94
TABLE 68 ROE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 94
TABLE 69 ROE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 94
TABLE 70 ROE: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 95
9.4 ASIA PACIFIC 95
FIGURE 22 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET SNAPSHOT 96
TABLE 71 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 96
TABLE 72 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 97
TABLE 73 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 97
TABLE 74 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 97
TABLE 75 APAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 98
9.4.1 CHINA 98
9.4.1.1 China accounted for the largest share of the APAC market in 2020 98
TABLE 76 CHINA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 99
TABLE 77 CHINA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 99
TABLE 78 CHINA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 99
TABLE 79 CHINA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 100
9.4.2 JAPAN 100
9.4.2.1 A favorable regulatory framework to drive market growth in Japan 100
TABLE 80 JAPAN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 101
TABLE 81 JAPAN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 101
TABLE 82 JAPAN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 101
TABLE 83 JAPAN: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 102
9.4.3 INDIA 102
9.4.3.1 Increasing private & public investments in the country’s healthcare system will drive market growth 102
TABLE 84 INDIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 103
TABLE 85 INDIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 103
TABLE 86 INDIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 103
TABLE 87 INDIA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 104
9.4.4 REST OF ASIA PACIFIC (ROAPAC) 104
TABLE 88 ROAPAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 104
TABLE 89 ROAPAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 105
TABLE 90 ROAPAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 105
TABLE 91 ROAPAC: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 105
9.5 LATIN AMERICA 106
TABLE 92 LATIN AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 106
TABLE 93 LATIN AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 107
TABLE 94 LATIN AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE, 2019–2026 (USD MILLION) 107
TABLE 95 LATIN AMERICA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER, 2019–2026 (USD MILLION) 107
9.6 MIDDLE EAST AND AFRICA 108
TABLE 96 MEA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 108
TABLE 97 MEA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TYPE,
2019–2026 (USD MILLION) 108
TABLE 98 MEA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY TEST TYPE,
2019–2026 (USD MILLION) 109
TABLE 99 MEA: CLINICAL CHEMISTRY ANALYZERS MARKET, BY END USER,
2019–2026 (USD MILLION) 109
10 COMPETITIVE LANDSCAPE 110
10.1 OVERVIEW 110
FIGURE 23 KEY DEVELOPMENTS IN THE CLINICAL CHEMISTRY ANALYZERS MARKET 110
10.2 MARKET SHARE ANALYSIS 111
FIGURE 24 CLINICAL CHEMISTRY ANALYZERS MARKET SHARE, BY KEY PLAYER (2019) 111
10.3 COMPANY EVALUATION QUADRANT 111
10.3.1 LIST OF EVALUATED VENDORS 111
10.3.2 STARS 111
10.3.3 EMERGING LEADERS 112
10.3.4 PERVASIVE PLAYERS 112
10.3.5 PARTICIPANTS 112
FIGURE 25 CLINICAL CHEMISTRY ANALYZERS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019 113
10.4 COMPETITIVE EVALUATION MATRIX FOR START-UPS (2019) 114
10.4.1 PROGRESSIVE COMPANIES 114
10.4.2 STARTING BLOCKS 114
10.4.3 RESPONSIVE COMPANIES 114
10.4.4 DYNAMIC COMPANIES 114
FIGURE 26 CLINICAL CHEMISTRY ANALYZERS MARKET: COMPETITIVE LEADERSHIP MAPPING FOR START-UPS, 2019 115
10.5 COMPETITIVE SCENARIO 116
10.5.1 PRODUCT LAUNCHES 116
TABLE 100 KEY PRODUCT LAUNCHES 116
10.5.2 ACQUISITIONS 116
TABLE 101 KEY ACQUISITIONS 116
10.5.3 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 117
TABLE 102 KEY PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 117
10.5.4 EXPANSIONS 117
TABLE 103 KEY EXPANSIONS 117
11 COMPANY PROFILES 118
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1 ROCHE DIAGNOSTICS LTD. 118
FIGURE 27 F. HOFFMANN-LA ROCHE LTD.: COMPANY SNAPSHOT (2019) 118
11.2 DANAHER CORPORATION 120
FIGURE 28 DANAHER CORPORATION: COMPANY SNAPSHOT (2019) 120
11.3 ABBOTT LABORATORIES 122
FIGURE 29 ABBOTT LABORATORIES: COMPANY SNAPSHOT (2019) 122
11.4 THERMO FISHER SCIENTIFIC INC. 125
FIGURE 30 THERMO FISHER SCIENTIFIC INC.: COMPANY SNAPSHOT (2019) 125
11.5 SIEMENS HEALTHINEERS AG 127
FIGURE 31 SIEMENS HEALTHINEERS AG: COMPANY SNAPSHOT 127
11.6 HORIBA, LTD. 129
FIGURE 32 HORIBA LTD.: COMPANY SNAPSHOT (2019) 129
11.7 SYSMEX CORPORATION 131
FIGURE 33 SYSMEX CORPORATION: COMPANY SNAPSHOT (2019) 131
11.8 EKF DIAGNOSTICS 133
FIGURE 34 EKF DIAGNOSTICS: COMPANY SNAPSHOT 133
11.9 HITACHI 135
FIGURE 35 HITACHI LTD.: COMPANY SNAPSHOT (2019) 135
11.10 ORTHO CLINICAL DIAGNOSTICS 136
11.10.1 BUSINESS OVERVIEW 136
11.10.2 PRODUCTS OFFERED 136
11.10.3 RECENT DEVELOPMENTS 136
11.11 ELITECHGROUP 137
11.12 MINDRAY MEDICAL INTERNATIONAL LTD. 138
11.13 BIOBASE GROUP 139
11.14 SFRI MEDICAL DIAGNOSTICS 140
11.15 TRIVITRON HEALTHCARE PVT. LTD. 141
11.16 RANDOX LABORATORIES LTD. 143
11.17 MEDICA CORPORATION 143
11.18 MERIL LIFE SCIENCES PVT. LTD. 144
11.19 ERBA MANNHEIM 145
11.20 GENRUI BIOTECH INC. 145
11.21 DIRUI INDUSTRIAL CO., LTD. 146
11.22 TECO DIAGNOSTICS 147
11.23 BALIO DIAGNOSTICS 147
11.24 SNIBE CO. LTD. 148
11.25 AMS ALLIANCE 148
*Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12 APPENDIX 149
12.1 INSIGHTS FROM INDUSTRY EXPERTS 149
12.2 DISCUSSION GUIDE 150
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 152
12.4 AVAILABLE CUSTOMIZATIONS 154
12.5 RELATED REPORTS 154
12.6 AUTHOR DETAILS 155
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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