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1 INTRODUCTION 27
1.1 OBJECTIVES OF THE STUDY 27
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 28
1.3 MARKET SCOPE 28
1.3.1 MARKETS COVERED 28
FIGURE 1 HEART PUMP DEVICES: MARKET SEGMENTATION 28
1.3.2 YEARS CONSIDERED FOR THE STUDY 29
1.4 CURRENCY 29
1.5 LIMITATIONS 29
1.6 STAKEHOLDERS 29
1.7 SUMMARY OF CHANGES 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Key data from secondary sources 32
2.1.2 PRIMARY DATA 33
FIGURE 3 PRIMARY SOURCES 33
2.1.2.1 Key data from primary sources 34
2.1.2.2 Key industry insights 35
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 35
2.2 MARKET SIZE ESTIMATION 36
FIGURE 5 BOTTOM-UP APPROACH 36
FIGURE 6 APPROACH 3: PARENT MARKET ANALYSIS [ACTIVE IMPLANTABLE MEDICAL DEVICES MARKET] 37
FIGURE 7 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 38
FIGURE 8 TOP-DOWN APPROACH 39
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 40
FIGURE 9 DATA TRIANGULATION METHODOLOGY 40
2.4 MARKET SHARE ANALYSIS 40
2.5 ASSUMPTIONS FOR THE STUDY 41
2.6 COVID-19 ECONOMIC ASSESSMENT 41
2.7 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 42
FIGURE 10 CRITERIA IMPACTING THE GLOBAL ECONOMY 42
FIGURE 11 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 43
3 EXECUTIVE SUMMARY 44
FIGURE 12 HEART PUMP DEVICES MARKET, BY PRODUCT, 2021 VS. 2026 (USD BILLION) 44
FIGURE 13 HEART PUMP DEVICES MARKET, BY TYPE, 2021 VS. 2026 (USD BILLION) 45
FIGURE 14 HEART PUMP DEVICES MARKET, BY THERAPY, 2021 VS. 2026 (USD BILLION) 45
FIGURE 15 HEART PUMP DEVICES MARKET, BY REGION, 2021 VS. 2026 (USD BILLION) 46
4 PREMIUM INSIGHTS 47
4.1 HEART PUMP DEVICES MARKET OVERVIEW 47
FIGURE 16 THE RISING INCIDENCE OF HEART FAILURE IS A MAJOR FACTOR DRIVING THE GROWTH OF THE HEART PUMP DEVICES MARKET 47
4.2 EUROPE: HEART PUMP DEVICES MARKET SHARE, BY THERAPY (2020) 48
FIGURE 17 BTT THERAPY SEGMENT DOMINATED THE EUROPEAN MARKET IN 2020 48
4.3 GEOGRAPHICAL SNAPSHOT OF THE HEART PUMP DEVICES MARKET 49
FIGURE 18 CHINA TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 50
FIGURE 19 HEART PUMP DEVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 50
5.2.1 DRIVERS 51
5.2.1.1 Increasing investments, funds, and grants for research on heart failure treatment 51
5.2.1.2 Rising prevalence of cardiovascular diseases 51
FIGURE 20 SHARE OF GLOBAL POPULATION AGED 65 AND ABOVE (2015–2019) 52
5.2.1.3 Long waiting periods for heart transplant procedures 52
5.2.1.4 Favorable reimbursements for heart pump devices 53
TABLE 1 CPT CODES FOR PROCEDURES RELATED TO VENTRICULAR ASSIST DEVICES AND TAH 53
TABLE 2 CPT CODES FOR PROCEDURES RELATED TO IABP 53
5.2.1.5 Increasing prevalence of obesity 54
5.2.2 RESTRAINTS 54
5.2.2.1 Complications associated with LVAD implantations 54
5.2.2.2 Lack of funding for destination therapy 55
5.2.3 OPPORTUNITIES 56
5.2.3.1 Promising product pipeline 56
TABLE 3 TOTAL ARTIFICIAL HEARTS IN PIPELINE 56
5.2.3.2 Increasing number of product approvals 57
TABLE 4 RECENT APPROVALS IN THE HEART PUMP DEVICES MARKET, 2018–2020 57
5.2.3.3 Emerging markets 57
5.2.4 CHALLENGES 58
5.2.4.1 Frequent product recalls 58
TABLE 5 KEY PRODUCT RECALLS IN THE HEART PUMP DEVICES MARKET 58
5.2.4.2 Stringent regulatory requirements delaying the approval of cardiac devices 58
5.3 SUPPLY CHAIN ANALYSIS 59
FIGURE 21 DIRECT DISTRIBUTION—THE PREFERRED STRATEGY OF PROMINENT COMPANIES 60
5.4 VALUE CHAIN ANALYSIS 60
FIGURE 22 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING AND ASSEMBLY PHASES 60
5.5 ECOSYSTEM ANALYSIS 61
FIGURE 23 ECOSYSTEM ANALYSIS OF THE HEART PUMP DEVICES INDUSTRY 61
5.5.1 ROLE IN THE ECOSYSTEM 62
5.6 REGULATORY LANDSCAPE 62
TABLE 6 LIST OF REGULATORY AUTHORITIES 63
5.6.1 EU REGULATIONS 63
5.6.2 US REGULATIONS 64
5.7 PORTER’S FIVE FORCES ANALYSIS 64
5.7.1 THREAT FROM NEW ENTRANTS 64
5.7.2 BARGAINING POWER OF SUPPLIERS 64
5.7.3 BARGAINING POWER OF BUYERS 64
5.7.4 INTENSITY OF COMPETITIVE RIVALRY 65
5.7.5 THREAT FROM SUBSTITUTES 65
5.8 COVID-19 IMPACT ANALYSIS FOR THE HEART PUMP DEVICES MARKET 65
FIGURE 24 PERCENTAGE OF MEDTRONIC’S CARDIAC AND VASCULAR GROUP NET SALES, BY DIVISION, FY 2019 VS. FY 2020 66
5.9 PATENT ANALYSIS 67
5.9.1 VENTRICULAR ASSIST DEVICES 67
5.9.2 TOTAL ARTIFICIAL HEARTS 67
5.9.3 INTRA-AORTIC BALLOON PUMPS 68
5.10 TRADE ANALYSIS 68
5.10.1 IMPORT DATA, BY COUNTRY, 2017–2019 (USD MILLION) 68
5.10.2 EXPORT DATA, BY COUNTRY, 2017–2019 (USD MILLION) 69
5.10.3 EXPORT DATA, BY COUNTRY, 2017–2019 (KILOGRAMS) 70
5.10.4 IMPORT DATA, BY COUNTRY, 2017–2019 (KILOGRAMS) 70
5.11 TECHNOLOGY ANALYSIS 70
5.12 AVERAGE SELLING PRICE TREND 71
TABLE 7 AVERAGE SELLING PRICES OF HEART PUMP DEVICE PRODUCTS 71
5.13 YCC SHIFT 72
6 HEART PUMP DEVICES MARKET, BY PRODUCT 73
6.1 INTRODUCTION 74
TABLE 8 HEART PUMP DEVICES MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 74
6.2 VENTRICULAR ASSIST DEVICES 74
TABLE 9 VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 75
TABLE 10 VENTRICULAR ASSIST DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 75
6.2.1 LEFT VENTRICULAR ASSIST DEVICES 75
6.2.1.1 LVADs are the most common types of VAD used—a key factor driving market growth 75
TABLE 11 LEFT VENTRICULAR ASSIST DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 76
6.2.2 PERCUTANEOUS VENTRICULAR ASSIST DEVICES 76
6.2.2.1 Ability to provide efficient cardiac support to drive the growth of this market segment 76
TABLE 12 PERCUTANEOUS VENTRICULAR ASSIST DEVICES MARKET, BY REGION, 2019–2026 (USD MILLION) 77
6.2.3 BIVENTRICULAR ASSIST DEVICES 77
6.2.3.1 Lack of reimbursement for BiVAD to restrict market growth to a certain extent 77
TABLE 13 BIVENTRICULAR ASSIST DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 78
6.2.4 RIGHT VENTRICULAR ASSIST DEVICES 78
6.2.4.1 RVADs are used as temporary cardiac assist devices 78
TABLE 14 RIGHT VENTRICULAR ASSIST DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 78
6.3 INTRA-AORTIC BALLOON PUMPS 79
6.3.1 INCREASING RECALLS OF IABPS TO HINDER THE MARKET GROWTH 79
TABLE 15 RECENT IABP RECALLS IN THE HEART PUMP DEVICES MARKET 79
TABLE 16 INTRA-AORTIC BALLOON PUMPS MARKET, BY REGION,
2019–2026 (USD MILLION) 80
6.4 TOTAL ARTIFICIAL HEARTS 80
6.4.1 LAUNCH OF INNOVATIVE PRODUCTS TO ACCELERATE GROWTH IN THIS PRODUCT SEGMENT 80
TABLE 17 TOTAL ARTIFICIAL HEARTS MARKET, BY REGION, 2019–2026 (USD MILLION) 81
7 HEART PUMP DEVICES MARKET, BY TYPE 82
7.1 INTRODUCTION 83
TABLE 18 HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 83
7.2 IMPLANTABLE HEART PUMP DEVICES 83
7.2.1 TECHNOLOGICAL ADVANCEMENTS TO DRIVE GROWTH IN THIS MARKET SEGMENT 83
TABLE 19 IMPLANTABLE HEART PUMP DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 84
7.3 EXTRACORPOREAL HEART PUMP DEVICES 84
7.3.1 EXTRACORPOREAL HEART PUMP DEVICES CAN BE USED IN PEDIATRIC PATIENTS—A KEY FACTOR DRIVING MARKET GROWTH 84
TABLE 20 EXTRACORPOREAL HEART PUMP DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 85
8 HEART PUMP DEVICES MARKET, BY THERAPY 86
8.1 INTRODUCTION 87
TABLE 21 HEART PUMP DEVICES MARKET, BY THERAPY, 2019–2026 (USD MILLION) 87
8.2 BRIDGE-TO-TRANSPLANT (BTT) 87
8.2.1 GROWING NUMBER OF PATIENTS ON THE WAITING LIST TO SUPPORT MARKET GROWTH 87
TABLE 22 HEART PUMP DEVICES MARKET FOR BRIDGE-TO-TRANSPLANT THERAPY,
BY REGION, 2019–2026 (USD MILLION) 88
8.3 BRIDGE-TO-CANDIDACY (BTC) 88
8.3.1 EFFICIENT OUTCOMES PROVIDED BY BTC TO PROPEL MARKET GROWTH 88
TABLE 23 HEART PUMP DEVICES MARKET FOR BRIDGE-TO-CANDIDACY THERAPY,
BY REGION, 2019–2026 (USD MILLION) 89
8.4 DESTINATION THERAPY (DT) 89
8.4.1 INTRODUCTION OF INNOVATIVE TECHNOLOGIES TO ACCELERATE SEGMENTAL GROWTH 89
TABLE 24 HEART PUMP DEVICES MARKET FOR DESTINATION THERAPY, BY REGION, 2019–2026 (USD MILLION) 90
8.5 OTHER THERAPIES 90
TABLE 25 HEART PUMP DEVICES MARKET FOR OTHER THERAPIES, BY REGION,
2019–2026 (USD MILLION) 90
9 HEART PUMP DEVICES MARKET, BY REGION 91
9.1 INTRODUCTION 92
TABLE 26 HEART PUMP DEVICES MARKET, BY REGION, 2019–2026 (USD MILLION) 92
9.2 NORTH AMERICA 92
TABLE 27 NORTH AMERICA: HEART PUMP DEVICES MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 92
TABLE 28 NORTH AMERICA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 93
TABLE 29 NORTH AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 93
TABLE 30 NORTH AMERICA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 93
TABLE 31 NORTH AMERICA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 94
9.2.1 US 94
9.2.1.1 Availability of reimbursements to support market growth 94
TABLE 32 CPT CODES FOR PROCEDURES RELATED TO VAD AND TAH 94
TABLE 33 US: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 95
TABLE 34 US: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 96
TABLE 35 US: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 96
TABLE 36 US: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 96
9.2.2 CANADA 97
9.2.2.1 Rising incidence and prevalence of heart failure to propel market growth 97
TABLE 37 CANADA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 97
TABLE 38 CANADA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 97
TABLE 39 CANADA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 98
TABLE 40 CANADA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 98
9.3 EUROPE 99
FIGURE 25 EUROPE: HEART PUMP DEVICES MARKET SNAPSHOT 99
TABLE 41 EUROPE: HEART PUMP DEVICES MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 100
TABLE 42 EUROPE: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 100
TABLE 43 EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 100
TABLE 44 EUROPE: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 101
TABLE 45 EUROPE: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 101
9.3.1 GERMANY 101
9.3.1.1 High adoption of VADs as destination therapy in Germany to drive market growth 101
TABLE 46 GERMANY: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019-2026 (USD MILLION) 102
TABLE 47 GERMANY: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 103
TABLE 48 GERMANY: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 103
TABLE 49 GERMANY: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 103
9.3.2 UK 104
9.3.2.1 Long waiting list for heart transplants in the UK 104
TABLE 50 UK: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 104
TABLE 51 UK: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 105
TABLE 52 UK: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 105
TABLE 53 UK: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 105
9.3.3 FRANCE 106
9.3.3.1 Developments undertaken by local players to accelerate market growth in France 106
TABLE 54 FRANCE: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019-2026 (USD MILLION) 106
TABLE 55 FRANCE: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 107
TABLE 56 FRANCE: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 107
TABLE 57 FRANCE: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 107
9.3.4 ITALY 108
9.3.4.1 Initiatives undertaken by local players to drive market growth in Italy 108
TABLE 58 ITALY: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 108
TABLE 59 ITALY: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 108
TABLE 60 ITALY: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 109
TABLE 61 ITALY: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 109
9.3.5 SPAIN 109
9.3.5.1 Rising geriatric population to propel market growth in Spain 109
TABLE 62 SPAIN: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 110
TABLE 63 SPAIN: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 110
TABLE 64 SPAIN: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 110
TABLE 65 SPAIN: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 111
9.3.6 REST OF EUROPE 111
TABLE 66 PERCENTAGE OF POPULATION AGED 60 YEARS OR OVER, 2017 VS. 2050 111
TABLE 67 ROE: HEALTH EXPENDITURE (% OF GDP), 2010 VS. 2017 112
TABLE 68 ROE: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 112
TABLE 69 ROE: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 112
TABLE 70 ROE: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 113
TABLE 71 ROE: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 113
9.4 ASIA PACIFIC 114
FIGURE 26 ASIA PACIFIC: HEART PUMP DEVICES MARKET SNAPSHOT 114
TABLE 72 ASIA PACIFIC: HEART PUMP DEVICES MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 115
TABLE 73 ASIA PACIFIC: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 115
TABLE 74 ASIA PACIFIC: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 115
TABLE 75 ASIA PACIFIC: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 116
TABLE 76 ASIA PACIFIC: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 116
9.4.1 JAPAN 116
9.4.1.1 Low rate of transplantations in the country to drive market growth 116
TABLE 77 JAPAN: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 117
TABLE 78 JAPAN: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 117
TABLE 79 JAPAN: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 117
TABLE 80 JAPAN: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 118
9.4.2 CHINA 118
9.4.2.1 High prevalence of CVDs in China to drive market growth 118
TABLE 81 CHINA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 119
TABLE 82 CHINA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 119
TABLE 83 CHINA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 119
TABLE 84 CHINA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 120
9.4.3 INDIA 120
9.4.3.1 Huge target population in India to drive market growth 120
TABLE 85 INDIA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (US MILLION) 121
TABLE 86 INDIA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 121
TABLE 87 INDIA: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 121
TABLE 88 INDIA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 122
9.4.4 AUSTRALIA 122
9.4.4.1 Increasing prevalence of heart disease to accelerate market growth in Australia 122
TABLE 89 AUSTRALIA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 122
TABLE 90 AUSTRALIA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 123
TABLE 91 AUSTRALIA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 123
TABLE 92 AUSTRALIA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 123
9.4.5 REST OF ASIA PACIFIC 124
TABLE 93 ROAPAC: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 124
TABLE 94 ROAPAC: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 124
TABLE 95 ROAPAC: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 125
TABLE 96 ROAPAC: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 125
9.5 REST OF THE WORLD 125
TABLE 97 REST OF THE WORLD: HEART PUMP DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 125
TABLE 98 REST OF THE WORLD: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 126
TABLE 99 REST OF THE WORLD: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 126
TABLE 100 REST OF THE WORLD: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 126
TABLE 101 REST OF THE WORLD: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 127
9.5.1 MIDDLE EAST & AFRICA 127
9.5.1.1 Increasing adoption of heart pump devices in the region to drive market growth 127
TABLE 102 MIDDLE EAST & AFRICA: HEART PUMP DEVICES MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 128
TABLE 103 MIDDLE EAST & AFRICA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 128
TABLE 104 MIDDLE EAST & AFRICA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 128
TABLE 105 MIDDLE EAST & AFRICA: HEART PUMP DEVICES MARKET, BY THERAPY, 2019–2026 (USD MILLION) 129
9.5.2 LATIN AMERICA 129
9.5.2.1 Rising geriatric population to increase the demand for heart pump devices in the region 129
TABLE 106 LATIN AMERICA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 130
TABLE 107 LATIN AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 130
TABLE 108 LATIN AMERICA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 130
TABLE 109 LATIN AMERICA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 131
10 COMPETITIVE LANDSCAPE 132
10.1 OVERVIEW 132
FIGURE 27 KEY DEVELOPMENTS IN THE HEART PUMP DEVICES MARKET, JANUARY 2018–APRIL 2021 132
FIGURE 28 MARKET EVOLUTION MATRIX: JANUARY 2018 TO APRIL 2021 133
10.2 REVENUE ANALYSIS 133
10.2.1 HEART PUMP DEVICES MARKET: REVENUE ANALYSIS OF THE TOP 5 MARKET PLAYERS 133
FIGURE 29 TOP 5 PLAYERS HAVE DOMINATED THE MARKET IN THE LAST 3 YEARS 133
10.3 MARKET SHARE ANALYSIS 134
TABLE 110 HEART PUMP DEVICES MARKET: DEGREE OF COMPETITION 134
10.4 COMPANY EVALUATION MATRIX 135
10.4.1 STARS 135
10.4.2 EMERGING LEADERS 135
10.4.3 PERVASIVE PLAYERS 135
10.4.4 PARTICIPANTS 135
FIGURE 30 VENDOR DIVE: HEART PUMP DEVICES MARKET 136
10.5 COMPETITIVE LEADERSHIP MAPPING (START-UPS AND SMES) 137
10.5.1 PROGRESSIVE COMPANIES 137
10.5.2 STARTING BLOCKS 137
10.5.3 RESPONSIVE COMPANIES 137
10.5.4 DYNAMIC COMPANIES 137
FIGURE 31 HEART PUMP DEVICES MARKET: VENDOR DIVE MATRIX FOR SMES AND START-UPS, 2020 138
10.6 COMPETITIVE SCENARIO 139
10.6.1 PRODUCT APPROVALS 139
TABLE 111 KEY PRODUCT APPROVALS, JANUARY 2018–APRIL 2021 139
10.6.2 DEALS 139
TABLE 112 KEY DEALS, JANUARY 2018–APRIL 2021 139
10.6.3 OTHER DEVELOPMENTS 140
TABLE 113 OTHER KEY DEVELOPMENTS, JANUARY 2018–APRIL 2021 140
10.7 COMPANY FOOTPRINT 140
TABLE 114 COMPANY FOOTPRINT 140
TABLE 115 COMPANY PRODUCT FOOTPRINT 141
TABLE 116 COMPANY TYPE FOOTPRINT 142
TABLE 117 COMPANY GEOGRAPHICAL FOOTPRINT 143
11 COMPANY PROFILES 144
11.1 KEY PLAYERS 144
(Business Overview, Products/Solutions Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat From Competition, Right to Win)*
11.1.1 ABBOTT LABORATORIES 144
TABLE 118 ABBOTT LABORATORIES: BUSINESS OVERVIEW 144
FIGURE 32 ABBOTT LABORATORIES: COMPANY SNAPSHOT (2020) 145
11.1.2 ABIOMED 147
TABLE 119 ABIOMED: BUSINESS OVERVIEW 147
FIGURE 33 ABIOMED: COMPANY SNAPSHOT (2020) 148
11.1.3 MEDTRONIC 150
TABLE 120 MEDTRONIC: BUSINESS OVERVIEW 150
FIGURE 34 MEDTRONIC: COMPANY SNAPSHOT (2020) 151
11.1.4 TELEFLEX INCORPORATED 153
TABLE 121 TELEFLEX INCORPORATED: BUSINESS OVERVIEW 153
FIGURE 35 TELEFLEX INCORPORATED: COMPANY SNAPSHOT (2020) 153
11.1.5 SYNCARDIA SYSTEMS 155
TABLE 122 SYNCARDIA SYSTEMS: BUSINESS OVERVIEW 155
11.1.6 FRESENIUS MEDICAL CARE AG & CO. KGAA 157
TABLE 123 FRESENIUS MEDICAL CARE AG & CO. KGAA: BUSINESS OVERVIEW 157
FIGURE 36 FRESENIUS MEDICAL CARE AG & CO. KGAA: COMPANY SNAPSHOT (2020) 158
11.1.7 CARDIACASSIST, INC. 159
TABLE 124 CARDIACASSIST, INC.: BUSINESS OVERVIEW 159
FIGURE 37 LIVANOVA PLC: COMPANY SNAPSHOT (2020) 159
11.1.8 GETINGE 161
TABLE 125 GETINGE: BUSINESS OVERVIEW 161
FIGURE 38 GETINGE: COMPANY SNAPSHOT (2020) 161
11.2 OTHER PLAYERS 163
11.2.1 BERLIN HEART 163
TABLE 126 BERLIN HEART: BUSINESS OVERVIEW 163
11.2.2 JARVIK HEART, INC. 165
TABLE 127 JARVIK HEART, INC.: BUSINESS OVERVIEW 165
11.2.3 CARMAT 166
TABLE 128 CARMAT: BUSINESS OVERVIEW 166
11.2.4 SENKO MEDICAL INSTRUMENT MFG. CO., LTD. 167
TABLE 129 MERA: BUSINESS OVERVIEW 167
11.2.5 ANGIODROID 168
TABLE 130 ANGIODROID: BUSINESS OVERVIEW 168
11.2.6 CARDIODYME 169
TABLE 131 CARDIODYME: BUSINESS OVERVIEW 169
11.2.7 WORLD HEART CORPORATION 170
TABLE 132 WORLD HEART CORPORATION: BUSINESS OVERVIEW 170
*Business Overview, Products/Solutions Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat From Competition, Right to Win might not be captured in case of unlisted companies.
12 APPENDIX 171
12.1 INSIGHTS FROM INDUSTRY EXPERTS 171
12.2 DISCUSSION GUIDE 172
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 176
12.4 AVAILABLE CUSTOMIZATIONS 178
12.5 RELATED REPORTS 178
12.6 AUTHOR DETAILS 179
1 INTRODUCTION 27
1.1 OBJECTIVES OF THE STUDY 27
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 28
1.3 MARKET SCOPE 28
1.3.1 MARKETS COVERED 28
FIGURE 1 HEART PUMP DEVICES: MARKET SEGMENTATION 28
1.3.2 YEARS CONSIDERED FOR THE STUDY 29
1.4 CURRENCY 29
1.5 LIMITATIONS 29
1.6 STAKEHOLDERS 29
1.7 SUMMARY OF CHANGES 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Key data from secondary sources 32
2.1.2 PRIMARY DATA 33
FIGURE 3 PRIMARY SOURCES 33
2.1.2.1 Key data from primary sources 34
2.1.2.2 Key industry insights 35
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 35
2.2 MARKET SIZE ESTIMATION 36
FIGURE 5 BOTTOM-UP APPROACH 36
FIGURE 6 APPROACH 3: PARENT MARKET ANALYSIS [ACTIVE IMPLANTABLE MEDICAL DEVICES MARKET] 37
FIGURE 7 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 38
FIGURE 8 TOP-DOWN APPROACH 39
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 40
FIGURE 9 DATA TRIANGULATION METHODOLOGY 40
2.4 MARKET SHARE ANALYSIS 40
2.5 ASSUMPTIONS FOR THE STUDY 41
2.6 COVID-19 ECONOMIC ASSESSMENT 41
2.7 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 42
FIGURE 10 CRITERIA IMPACTING THE GLOBAL ECONOMY 42
FIGURE 11 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 43
3 EXECUTIVE SUMMARY 44
FIGURE 12 HEART PUMP DEVICES MARKET, BY PRODUCT, 2021 VS. 2026 (USD BILLION) 44
FIGURE 13 HEART PUMP DEVICES MARKET, BY TYPE, 2021 VS. 2026 (USD BILLION) 45
FIGURE 14 HEART PUMP DEVICES MARKET, BY THERAPY, 2021 VS. 2026 (USD BILLION) 45
FIGURE 15 HEART PUMP DEVICES MARKET, BY REGION, 2021 VS. 2026 (USD BILLION) 46
4 PREMIUM INSIGHTS 47
4.1 HEART PUMP DEVICES MARKET OVERVIEW 47
FIGURE 16 THE RISING INCIDENCE OF HEART FAILURE IS A MAJOR FACTOR DRIVING THE GROWTH OF THE HEART PUMP DEVICES MARKET 47
4.2 EUROPE: HEART PUMP DEVICES MARKET SHARE, BY THERAPY (2020) 48
FIGURE 17 BTT THERAPY SEGMENT DOMINATED THE EUROPEAN MARKET IN 2020 48
4.3 GEOGRAPHICAL SNAPSHOT OF THE HEART PUMP DEVICES MARKET 49
FIGURE 18 CHINA TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 50
FIGURE 19 HEART PUMP DEVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 50
5.2.1 DRIVERS 51
5.2.1.1 Increasing investments, funds, and grants for research on heart failure treatment 51
5.2.1.2 Rising prevalence of cardiovascular diseases 51
FIGURE 20 SHARE OF GLOBAL POPULATION AGED 65 AND ABOVE (2015–2019) 52
5.2.1.3 Long waiting periods for heart transplant procedures 52
5.2.1.4 Favorable reimbursements for heart pump devices 53
TABLE 1 CPT CODES FOR PROCEDURES RELATED TO VENTRICULAR ASSIST DEVICES AND TAH 53
TABLE 2 CPT CODES FOR PROCEDURES RELATED TO IABP 53
5.2.1.5 Increasing prevalence of obesity 54
5.2.2 RESTRAINTS 54
5.2.2.1 Complications associated with LVAD implantations 54
5.2.2.2 Lack of funding for destination therapy 55
5.2.3 OPPORTUNITIES 56
5.2.3.1 Promising product pipeline 56
TABLE 3 TOTAL ARTIFICIAL HEARTS IN PIPELINE 56
5.2.3.2 Increasing number of product approvals 57
TABLE 4 RECENT APPROVALS IN THE HEART PUMP DEVICES MARKET, 2018–2020 57
5.2.3.3 Emerging markets 57
5.2.4 CHALLENGES 58
5.2.4.1 Frequent product recalls 58
TABLE 5 KEY PRODUCT RECALLS IN THE HEART PUMP DEVICES MARKET 58
5.2.4.2 Stringent regulatory requirements delaying the approval of cardiac devices 58
5.3 SUPPLY CHAIN ANALYSIS 59
FIGURE 21 DIRECT DISTRIBUTION—THE PREFERRED STRATEGY OF PROMINENT COMPANIES 60
5.4 VALUE CHAIN ANALYSIS 60
FIGURE 22 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING AND ASSEMBLY PHASES 60
5.5 ECOSYSTEM ANALYSIS 61
FIGURE 23 ECOSYSTEM ANALYSIS OF THE HEART PUMP DEVICES INDUSTRY 61
5.5.1 ROLE IN THE ECOSYSTEM 62
5.6 REGULATORY LANDSCAPE 62
TABLE 6 LIST OF REGULATORY AUTHORITIES 63
5.6.1 EU REGULATIONS 63
5.6.2 US REGULATIONS 64
5.7 PORTER’S FIVE FORCES ANALYSIS 64
5.7.1 THREAT FROM NEW ENTRANTS 64
5.7.2 BARGAINING POWER OF SUPPLIERS 64
5.7.3 BARGAINING POWER OF BUYERS 64
5.7.4 INTENSITY OF COMPETITIVE RIVALRY 65
5.7.5 THREAT FROM SUBSTITUTES 65
5.8 COVID-19 IMPACT ANALYSIS FOR THE HEART PUMP DEVICES MARKET 65
FIGURE 24 PERCENTAGE OF MEDTRONIC’S CARDIAC AND VASCULAR GROUP NET SALES, BY DIVISION, FY 2019 VS. FY 2020 66
5.9 PATENT ANALYSIS 67
5.9.1 VENTRICULAR ASSIST DEVICES 67
5.9.2 TOTAL ARTIFICIAL HEARTS 67
5.9.3 INTRA-AORTIC BALLOON PUMPS 68
5.10 TRADE ANALYSIS 68
5.10.1 IMPORT DATA, BY COUNTRY, 2017–2019 (USD MILLION) 68
5.10.2 EXPORT DATA, BY COUNTRY, 2017–2019 (USD MILLION) 69
5.10.3 EXPORT DATA, BY COUNTRY, 2017–2019 (KILOGRAMS) 70
5.10.4 IMPORT DATA, BY COUNTRY, 2017–2019 (KILOGRAMS) 70
5.11 TECHNOLOGY ANALYSIS 70
5.12 AVERAGE SELLING PRICE TREND 71
TABLE 7 AVERAGE SELLING PRICES OF HEART PUMP DEVICE PRODUCTS 71
5.13 YCC SHIFT 72
6 HEART PUMP DEVICES MARKET, BY PRODUCT 73
6.1 INTRODUCTION 74
TABLE 8 HEART PUMP DEVICES MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 74
6.2 VENTRICULAR ASSIST DEVICES 74
TABLE 9 VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 75
TABLE 10 VENTRICULAR ASSIST DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 75
6.2.1 LEFT VENTRICULAR ASSIST DEVICES 75
6.2.1.1 LVADs are the most common types of VAD used—a key factor driving market growth 75
TABLE 11 LEFT VENTRICULAR ASSIST DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 76
6.2.2 PERCUTANEOUS VENTRICULAR ASSIST DEVICES 76
6.2.2.1 Ability to provide efficient cardiac support to drive the growth of this market segment 76
TABLE 12 PERCUTANEOUS VENTRICULAR ASSIST DEVICES MARKET, BY REGION, 2019–2026 (USD MILLION) 77
6.2.3 BIVENTRICULAR ASSIST DEVICES 77
6.2.3.1 Lack of reimbursement for BiVAD to restrict market growth to a certain extent 77
TABLE 13 BIVENTRICULAR ASSIST DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 78
6.2.4 RIGHT VENTRICULAR ASSIST DEVICES 78
6.2.4.1 RVADs are used as temporary cardiac assist devices 78
TABLE 14 RIGHT VENTRICULAR ASSIST DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 78
6.3 INTRA-AORTIC BALLOON PUMPS 79
6.3.1 INCREASING RECALLS OF IABPS TO HINDER THE MARKET GROWTH 79
TABLE 15 RECENT IABP RECALLS IN THE HEART PUMP DEVICES MARKET 79
TABLE 16 INTRA-AORTIC BALLOON PUMPS MARKET, BY REGION,
2019–2026 (USD MILLION) 80
6.4 TOTAL ARTIFICIAL HEARTS 80
6.4.1 LAUNCH OF INNOVATIVE PRODUCTS TO ACCELERATE GROWTH IN THIS PRODUCT SEGMENT 80
TABLE 17 TOTAL ARTIFICIAL HEARTS MARKET, BY REGION, 2019–2026 (USD MILLION) 81
7 HEART PUMP DEVICES MARKET, BY TYPE 82
7.1 INTRODUCTION 83
TABLE 18 HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 83
7.2 IMPLANTABLE HEART PUMP DEVICES 83
7.2.1 TECHNOLOGICAL ADVANCEMENTS TO DRIVE GROWTH IN THIS MARKET SEGMENT 83
TABLE 19 IMPLANTABLE HEART PUMP DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 84
7.3 EXTRACORPOREAL HEART PUMP DEVICES 84
7.3.1 EXTRACORPOREAL HEART PUMP DEVICES CAN BE USED IN PEDIATRIC PATIENTS—A KEY FACTOR DRIVING MARKET GROWTH 84
TABLE 20 EXTRACORPOREAL HEART PUMP DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 85
8 HEART PUMP DEVICES MARKET, BY THERAPY 86
8.1 INTRODUCTION 87
TABLE 21 HEART PUMP DEVICES MARKET, BY THERAPY, 2019–2026 (USD MILLION) 87
8.2 BRIDGE-TO-TRANSPLANT (BTT) 87
8.2.1 GROWING NUMBER OF PATIENTS ON THE WAITING LIST TO SUPPORT MARKET GROWTH 87
TABLE 22 HEART PUMP DEVICES MARKET FOR BRIDGE-TO-TRANSPLANT THERAPY,
BY REGION, 2019–2026 (USD MILLION) 88
8.3 BRIDGE-TO-CANDIDACY (BTC) 88
8.3.1 EFFICIENT OUTCOMES PROVIDED BY BTC TO PROPEL MARKET GROWTH 88
TABLE 23 HEART PUMP DEVICES MARKET FOR BRIDGE-TO-CANDIDACY THERAPY,
BY REGION, 2019–2026 (USD MILLION) 89
8.4 DESTINATION THERAPY (DT) 89
8.4.1 INTRODUCTION OF INNOVATIVE TECHNOLOGIES TO ACCELERATE SEGMENTAL GROWTH 89
TABLE 24 HEART PUMP DEVICES MARKET FOR DESTINATION THERAPY, BY REGION, 2019–2026 (USD MILLION) 90
8.5 OTHER THERAPIES 90
TABLE 25 HEART PUMP DEVICES MARKET FOR OTHER THERAPIES, BY REGION,
2019–2026 (USD MILLION) 90
9 HEART PUMP DEVICES MARKET, BY REGION 91
9.1 INTRODUCTION 92
TABLE 26 HEART PUMP DEVICES MARKET, BY REGION, 2019–2026 (USD MILLION) 92
9.2 NORTH AMERICA 92
TABLE 27 NORTH AMERICA: HEART PUMP DEVICES MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 92
TABLE 28 NORTH AMERICA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 93
TABLE 29 NORTH AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 93
TABLE 30 NORTH AMERICA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 93
TABLE 31 NORTH AMERICA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 94
9.2.1 US 94
9.2.1.1 Availability of reimbursements to support market growth 94
TABLE 32 CPT CODES FOR PROCEDURES RELATED TO VAD AND TAH 94
TABLE 33 US: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 95
TABLE 34 US: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 96
TABLE 35 US: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 96
TABLE 36 US: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 96
9.2.2 CANADA 97
9.2.2.1 Rising incidence and prevalence of heart failure to propel market growth 97
TABLE 37 CANADA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 97
TABLE 38 CANADA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 97
TABLE 39 CANADA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 98
TABLE 40 CANADA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 98
9.3 EUROPE 99
FIGURE 25 EUROPE: HEART PUMP DEVICES MARKET SNAPSHOT 99
TABLE 41 EUROPE: HEART PUMP DEVICES MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 100
TABLE 42 EUROPE: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 100
TABLE 43 EUROPE: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 100
TABLE 44 EUROPE: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 101
TABLE 45 EUROPE: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 101
9.3.1 GERMANY 101
9.3.1.1 High adoption of VADs as destination therapy in Germany to drive market growth 101
TABLE 46 GERMANY: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019-2026 (USD MILLION) 102
TABLE 47 GERMANY: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 103
TABLE 48 GERMANY: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 103
TABLE 49 GERMANY: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 103
9.3.2 UK 104
9.3.2.1 Long waiting list for heart transplants in the UK 104
TABLE 50 UK: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 104
TABLE 51 UK: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 105
TABLE 52 UK: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 105
TABLE 53 UK: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 105
9.3.3 FRANCE 106
9.3.3.1 Developments undertaken by local players to accelerate market growth in France 106
TABLE 54 FRANCE: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019-2026 (USD MILLION) 106
TABLE 55 FRANCE: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 107
TABLE 56 FRANCE: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 107
TABLE 57 FRANCE: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 107
9.3.4 ITALY 108
9.3.4.1 Initiatives undertaken by local players to drive market growth in Italy 108
TABLE 58 ITALY: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 108
TABLE 59 ITALY: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 108
TABLE 60 ITALY: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 109
TABLE 61 ITALY: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 109
9.3.5 SPAIN 109
9.3.5.1 Rising geriatric population to propel market growth in Spain 109
TABLE 62 SPAIN: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 110
TABLE 63 SPAIN: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 110
TABLE 64 SPAIN: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 110
TABLE 65 SPAIN: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 111
9.3.6 REST OF EUROPE 111
TABLE 66 PERCENTAGE OF POPULATION AGED 60 YEARS OR OVER, 2017 VS. 2050 111
TABLE 67 ROE: HEALTH EXPENDITURE (% OF GDP), 2010 VS. 2017 112
TABLE 68 ROE: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 112
TABLE 69 ROE: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 112
TABLE 70 ROE: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 113
TABLE 71 ROE: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 113
9.4 ASIA PACIFIC 114
FIGURE 26 ASIA PACIFIC: HEART PUMP DEVICES MARKET SNAPSHOT 114
TABLE 72 ASIA PACIFIC: HEART PUMP DEVICES MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 115
TABLE 73 ASIA PACIFIC: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 115
TABLE 74 ASIA PACIFIC: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 115
TABLE 75 ASIA PACIFIC: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 116
TABLE 76 ASIA PACIFIC: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 116
9.4.1 JAPAN 116
9.4.1.1 Low rate of transplantations in the country to drive market growth 116
TABLE 77 JAPAN: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 117
TABLE 78 JAPAN: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 117
TABLE 79 JAPAN: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 117
TABLE 80 JAPAN: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 118
9.4.2 CHINA 118
9.4.2.1 High prevalence of CVDs in China to drive market growth 118
TABLE 81 CHINA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 119
TABLE 82 CHINA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 119
TABLE 83 CHINA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 119
TABLE 84 CHINA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 120
9.4.3 INDIA 120
9.4.3.1 Huge target population in India to drive market growth 120
TABLE 85 INDIA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (US MILLION) 121
TABLE 86 INDIA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 121
TABLE 87 INDIA: HEART PUMP DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 121
TABLE 88 INDIA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 122
9.4.4 AUSTRALIA 122
9.4.4.1 Increasing prevalence of heart disease to accelerate market growth in Australia 122
TABLE 89 AUSTRALIA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 122
TABLE 90 AUSTRALIA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 123
TABLE 91 AUSTRALIA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 123
TABLE 92 AUSTRALIA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 123
9.4.5 REST OF ASIA PACIFIC 124
TABLE 93 ROAPAC: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 124
TABLE 94 ROAPAC: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 124
TABLE 95 ROAPAC: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 125
TABLE 96 ROAPAC: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 125
9.5 REST OF THE WORLD 125
TABLE 97 REST OF THE WORLD: HEART PUMP DEVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 125
TABLE 98 REST OF THE WORLD: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 126
TABLE 99 REST OF THE WORLD: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 126
TABLE 100 REST OF THE WORLD: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 126
TABLE 101 REST OF THE WORLD: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 127
9.5.1 MIDDLE EAST & AFRICA 127
9.5.1.1 Increasing adoption of heart pump devices in the region to drive market growth 127
TABLE 102 MIDDLE EAST & AFRICA: HEART PUMP DEVICES MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 128
TABLE 103 MIDDLE EAST & AFRICA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 128
TABLE 104 MIDDLE EAST & AFRICA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 128
TABLE 105 MIDDLE EAST & AFRICA: HEART PUMP DEVICES MARKET, BY THERAPY, 2019–2026 (USD MILLION) 129
9.5.2 LATIN AMERICA 129
9.5.2.1 Rising geriatric population to increase the demand for heart pump devices in the region 129
TABLE 106 LATIN AMERICA: HEART PUMP DEVICES MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 130
TABLE 107 LATIN AMERICA: VENTRICULAR ASSIST DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 130
TABLE 108 LATIN AMERICA: HEART PUMP DEVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 130
TABLE 109 LATIN AMERICA: HEART PUMP DEVICES MARKET, BY THERAPY,
2019–2026 (USD MILLION) 131
10 COMPETITIVE LANDSCAPE 132
10.1 OVERVIEW 132
FIGURE 27 KEY DEVELOPMENTS IN THE HEART PUMP DEVICES MARKET, JANUARY 2018–APRIL 2021 132
FIGURE 28 MARKET EVOLUTION MATRIX: JANUARY 2018 TO APRIL 2021 133
10.2 REVENUE ANALYSIS 133
10.2.1 HEART PUMP DEVICES MARKET: REVENUE ANALYSIS OF THE TOP 5 MARKET PLAYERS 133
FIGURE 29 TOP 5 PLAYERS HAVE DOMINATED THE MARKET IN THE LAST 3 YEARS 133
10.3 MARKET SHARE ANALYSIS 134
TABLE 110 HEART PUMP DEVICES MARKET: DEGREE OF COMPETITION 134
10.4 COMPANY EVALUATION MATRIX 135
10.4.1 STARS 135
10.4.2 EMERGING LEADERS 135
10.4.3 PERVASIVE PLAYERS 135
10.4.4 PARTICIPANTS 135
FIGURE 30 VENDOR DIVE: HEART PUMP DEVICES MARKET 136
10.5 COMPETITIVE LEADERSHIP MAPPING (START-UPS AND SMES) 137
10.5.1 PROGRESSIVE COMPANIES 137
10.5.2 STARTING BLOCKS 137
10.5.3 RESPONSIVE COMPANIES 137
10.5.4 DYNAMIC COMPANIES 137
FIGURE 31 HEART PUMP DEVICES MARKET: VENDOR DIVE MATRIX FOR SMES AND START-UPS, 2020 138
10.6 COMPETITIVE SCENARIO 139
10.6.1 PRODUCT APPROVALS 139
TABLE 111 KEY PRODUCT APPROVALS, JANUARY 2018–APRIL 2021 139
10.6.2 DEALS 139
TABLE 112 KEY DEALS, JANUARY 2018–APRIL 2021 139
10.6.3 OTHER DEVELOPMENTS 140
TABLE 113 OTHER KEY DEVELOPMENTS, JANUARY 2018–APRIL 2021 140
10.7 COMPANY FOOTPRINT 140
TABLE 114 COMPANY FOOTPRINT 140
TABLE 115 COMPANY PRODUCT FOOTPRINT 141
TABLE 116 COMPANY TYPE FOOTPRINT 142
TABLE 117 COMPANY GEOGRAPHICAL FOOTPRINT 143
11 COMPANY PROFILES 144
11.1 KEY PLAYERS 144
(Business Overview, Products/Solutions Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat From Competition, Right to Win)*
11.1.1 ABBOTT LABORATORIES 144
TABLE 118 ABBOTT LABORATORIES: BUSINESS OVERVIEW 144
FIGURE 32 ABBOTT LABORATORIES: COMPANY SNAPSHOT (2020) 145
11.1.2 ABIOMED 147
TABLE 119 ABIOMED: BUSINESS OVERVIEW 147
FIGURE 33 ABIOMED: COMPANY SNAPSHOT (2020) 148
11.1.3 MEDTRONIC 150
TABLE 120 MEDTRONIC: BUSINESS OVERVIEW 150
FIGURE 34 MEDTRONIC: COMPANY SNAPSHOT (2020) 151
11.1.4 TELEFLEX INCORPORATED 153
TABLE 121 TELEFLEX INCORPORATED: BUSINESS OVERVIEW 153
FIGURE 35 TELEFLEX INCORPORATED: COMPANY SNAPSHOT (2020) 153
11.1.5 SYNCARDIA SYSTEMS 155
TABLE 122 SYNCARDIA SYSTEMS: BUSINESS OVERVIEW 155
11.1.6 FRESENIUS MEDICAL CARE AG & CO. KGAA 157
TABLE 123 FRESENIUS MEDICAL CARE AG & CO. KGAA: BUSINESS OVERVIEW 157
FIGURE 36 FRESENIUS MEDICAL CARE AG & CO. KGAA: COMPANY SNAPSHOT (2020) 158
11.1.7 CARDIACASSIST, INC. 159
TABLE 124 CARDIACASSIST, INC.: BUSINESS OVERVIEW 159
FIGURE 37 LIVANOVA PLC: COMPANY SNAPSHOT (2020) 159
11.1.8 GETINGE 161
TABLE 125 GETINGE: BUSINESS OVERVIEW 161
FIGURE 38 GETINGE: COMPANY SNAPSHOT (2020) 161
11.2 OTHER PLAYERS 163
11.2.1 BERLIN HEART 163
TABLE 126 BERLIN HEART: BUSINESS OVERVIEW 163
11.2.2 JARVIK HEART, INC. 165
TABLE 127 JARVIK HEART, INC.: BUSINESS OVERVIEW 165
11.2.3 CARMAT 166
TABLE 128 CARMAT: BUSINESS OVERVIEW 166
11.2.4 SENKO MEDICAL INSTRUMENT MFG. CO., LTD. 167
TABLE 129 MERA: BUSINESS OVERVIEW 167
11.2.5 ANGIODROID 168
TABLE 130 ANGIODROID: BUSINESS OVERVIEW 168
11.2.6 CARDIODYME 169
TABLE 131 CARDIODYME: BUSINESS OVERVIEW 169
11.2.7 WORLD HEART CORPORATION 170
TABLE 132 WORLD HEART CORPORATION: BUSINESS OVERVIEW 170
*Business Overview, Products/Solutions Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat From Competition, Right to Win might not be captured in case of unlisted companies.
12 APPENDIX 171
12.1 INSIGHTS FROM INDUSTRY EXPERTS 171
12.2 DISCUSSION GUIDE 172
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 176
12.4 AVAILABLE CUSTOMIZATIONS 178
12.5 RELATED REPORTS 178
12.6 AUTHOR DETAILS 179
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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