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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 27
1.3 MARKET SCOPE 28
1.3.1 MARKETS COVERED 28
1.4 YEARS CONSIDERED FOR THE STUDY 29
1.5 CURRENCY 29
1.6 STAKEHOLDERS 29
1.7 SUMMARY OF CHANGES 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Key data from secondary sources 33
2.1.2 PRIMARY DATA 33
FIGURE 2 PRIMARY SOURCES 33
2.1.2.1 Key data from primary sources 34
2.1.2.2 Key industry insights 35
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS (STERILIZATION EQUIPMENT MARKET) 35
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 36
2.2 MARKET SIZE ESTIMATION 36
FIGURE 5 BOTTOM-UP APPROACH: COMPANY REVENUE ESTIMATION APPROACH 37
FIGURE 6 APPROACH 3: MARKET ESTIMATION FROM INFECTION CONTROL MARKET 38
FIGURE 7 APPROACH 3: MARKET ESTIMATION FROM STERILIZATION SERVICES MARKET 38
FIGURE 8 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE STERILIZATION EQUIPMENT MARKET (2021–2026) 39
FIGURE 9 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 39
FIGURE 10 TOP-DOWN APPROACH 40
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 41
FIGURE 11 MARKET DATA TRIANGULATION METHODOLOGY 41
2.4 MARKET SHARE ANALYSIS 42
2.5 ASSUMPTIONS FOR THE STUDY 42
2.6 RISK ASSESSMENT 43
TABLE 1 RISK ASSESSMENT: STERILIZATION EQUIPMENT MARKET 43
2.6.1 COVID-19 SPECIFIC ASSUMPTIONS 43
2.7 LIMITATIONS 44
2.7.1 METHODOLOGY-RELATED LIMITATIONS 44
2.7.2 SCOPE-RELATED LIMITATIONS 44
2.8 GROWTH RATE ASSUMPTIONS 44
2.9 COVID-19 ECONOMIC ASSESSMENT 44
2.10 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 45
3 EXECUTIVE SUMMARY 47
FIGURE 14 STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2021 VS. 2026 (USD MILLION) 47
FIGURE 15 STERILIZATION EQUIPMENT MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 48
FIGURE 16 GEOGRAPHICAL SNAPSHOT OF THE STERILIZATION EQUIPMENT MARKET 49
4 PREMIUM INSIGHTS 50
4.1 STERILIZATION EQUIPMENT MARKET OVERVIEW 50
FIGURE 17 INCREASING INCIDENCE OF HOSPITAL-ACQUIRED INFECTIONS TO DRIVE MARKET GROWTH DURING THE FORECAST PERIOD 50
4.2 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE (2020) 51
FIGURE 18 STERILIZATION INSTRUMENTS SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2020 51
4.3 GEOGRAPHICAL SNAPSHOT OF THE STERILIZATION EQUIPMENT MARKET 52
FIGURE 19 CHINA TO REGISTER THE HIGHEST GROWTH DURING THE FORECAST PERIOD 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 20 STERILIZATION EQUIPMENT MARKET: DRIVERS, OPPORTUNITIES, CHALLENGES, AND TRENDS 53
5.2.1 DRIVERS 54
5.2.1.1 Rising incidence of hospital-acquired infections 54
5.2.1.2 Growing number of surgical procedures 55
TABLE 2 US: PERCENTAGE INCREASE IN THE NUMBER OF SURGERIES PERFORMED 55
5.2.1.3 Increasing focus on food sterilization and disinfection 56
5.2.1.4 Increasing outsourcing of sterilization services among pharmaceutical companies, hospitals, and medical device manufacturers 57
5.2.2 OPPORTUNITIES 57
5.2.2.1 Growing healthcare sector and increasing outsourcing in emerging economies 57
FIGURE 21 INDIA: NUMBER OF HOSPITALIZATIONS DUE TO VARIOUS DISEASES
(2013 VS. 2019) 58
5.2.2.2 Rising use of E-beam sterilization 58
5.2.2.3 Reintroduction of ethylene oxide sterilization 59
5.2.2.4 Rising adoption of single-use medical nonwovens and devices 59
5.2.3 CHALLENGES 60
5.2.3.1 Sterilization of advanced medical instruments 60
5.2.3.2 End-user non-compliance with sterilization standards 60
TABLE 3 US: DECREASING COMPLIANCE AMONG END USERS 61
5.2.4 TRENDS 61
5.2.4.1 Increasing adoption of sterilization using NO2 61
5.3 RANGES/SCENARIOS 62
5.3.1 STERILIZATION EQUIPMENT MARKET 62
FIGURE 22 PESSIMISTIC SCENARIO 62
FIGURE 23 OPTIMISTIC SCENARIO 62
FIGURE 24 REALISTIC SCENARIO 63
5.4 IMPACT OF COVID-19 ON THE STERILIZATION EQUIPMENT MARKET 63
FIGURE 25 IMPACT OF COVID-19 ON COMPANIES’ BUSINESS 65
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 66
FIGURE 26 REVENUE SHIFT FOR STERILIZATION EQUIPMENT MARKET 66
5.6 PRICING ANALYSIS 67
5.6.1 STEAM STERILIZERS 67
5.6.1.1 Prices of steam sterilizers in Europe (UK) 67
5.6.1.2 Prices of steam sterilizers in APAC (India) 67
5.6.2 ETHYLENE OXIDE STERILIZERS 68
5.6.2.1 Prices of ethylene oxide sterilizers in APAC (India) 68
5.6.3 FILTRATION STERILIZATION EQUIPMENT 68
5.6.3.1 Prices of filtration sterilization equipment in APAC (India) 68
5.7 VALUE CHAIN ANALYSIS 68
5.7.1 STERILIZATION EQUIPMENT & CONSUMABLES 68
FIGURE 27 MAJOR VALUE IS ADDED DURING THE MANUFACTURING & ASSEMBLY PHASES 69
5.7.2 STERILIZATION SERVICES 69
FIGURE 28 STERILIZATION SERVICES MARKET: VALUE CHAIN ANALYSIS 70
5.8 SUPPLY CHAIN ANALYSIS 70
FIGURE 29 DIRECT DISTRIBUTION—STRATEGY PREFERRED BY PROMINENT COMPANIES 71
5.9 ECOSYSTEM ANALYSIS 71
5.9.1 ROLE IN THE ECOSYSTEM 72
FIGURE 30 KEY PLAYERS IN THE STERILIZATION EQUIPMENT ECOSYSTEM 72
5.10 TECHNOLOGY ANALYSIS 73
5.10.1 SUPERCRITICAL CO2 TECHNOLOGY 73
5.10.2 ULTRA-HIGH-PRESSURE STERILIZATION 73
5.10.3 NITROGEN DIOXIDE (NO2) STERILIZATION 74
5.10.4 PULSED ELECTRIC FIELD (PEF) STERILIZATION 74
5.10.5 PLASMA STERILIZATION 74
5.11 PATENT ANALYSIS 75
5.11.1 PATENT ANALYSIS FOR STERILIZATION SERVICES 75
5.11.1.1 Patent publication trends for sterilization services 75
FIGURE 31 PATENT PUBLICATION TRENDS (JANUARY 2011–DECEMBER 2020) 75
5.11.1.2 Insights: Jurisdiction and top applicant analysis 76
FIGURE 32 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR STERILIZATION SERVICES PATENTS (JANUARY 2011–JUNE 2021) 76
FIGURE 33 TOP APPLICANT COUNTRIES/REGIONS FOR STERILIZATION SERVICES PATENTS (JANUARY 2011–JUNE 2021) 77
5.11.2 PATENT ANALYSIS FOR STERILIZERS 78
TABLE 4 LIST OF FEW PATENTS IN THE STERILIZATION EQUIPMENT MARKET,
2020–2021 79
5.12 TRADE ANALYSIS 80
5.12.1 TRADE ANALYSIS FOR STERILIZERS 80
TABLE 5 IMPORT DATA FOR STERILIZERS, BY COUNTRY, 2016–2020 (USD MILLION) 80
TABLE 6 EXPORT DATA FOR STERILIZERS, BY COUNTRY, 2016–2020 (USD MILLION) 80
5.13 REGULATORY ANALYSIS 80
5.13.1 BY REGION 81
5.13.1.1 North America 81
5.13.1.1.1 US 81
FIGURE 34 PREMARKET NOTIFICATION: 510(K) APPROVAL FOR REPROCESSED MEDICAL DEVICES 82
5.13.1.1.2 Canada 82
TABLE 7 SPAULDING’S CLASSIFICATION OF MEDICAL EQUIPMENT/DEVICES
AND REQUIRED LEVEL OF PROCESSING/REPROCESSING 84
5.13.1.2 Europe 84
TABLE 8 STERILIZATION STANDARDS IN THE EUROPEAN UNION 84
FIGURE 35 CE MARKING FOR REPROCESSED MEDICAL DEVICES 85
5.13.1.3 Asia Pacific 85
5.13.1.3.1 Japan 85
TABLE 9 GUIDELINES FOLLOWED UNDER ISO IN JAPAN 86
TABLE 10 SPECIFICATIONS OF BIOLOGICAL INDICATORS RECOMMENDED FOR USE IN STERILIZATION PROCESSES 86
5.13.1.3.2 Australia 87
5.13.1.4 Latin America 87
5.14 PORTER’S FIVE FORCES ANALYSIS 87
TABLE 11 PORTER’S FIVE FORCES ANALYSIS (2020): STERILIZATION EQUIPMENT MARKET 87
6 STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE 90
6.1 INTRODUCTION 91
TABLE 12 STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 91
6.1.1 PRIMARY NOTES 91
6.1.1.1 Key industry insights 91
6.2 STERILIZATION INSTRUMENTS 91
TABLE 13 STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 92
TABLE 14 STERILIZATION INSTRUMENTS MARKET, BY REGION,
2019–2026 (USD MILLION) 92
6.2.1 HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS 92
TABLE 15 MOIST HEAT/STEAM STERILIZATION VS DRY HEAT STERILIZATION 93
TABLE 16 HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 93
TABLE 17 HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY REGION, 2019–2026 (USD MILLION) 93
6.2.1.1 Moist heat/steam sterilizers 94
6.2.1.1.1 Moist heat sterilization is one of the oldest heat sterilization techniques used 94
TABLE 18 OSHA REGULATIONS ON AUTOCLAVE USE 94
TABLE 19 PLAYERS OFFERING MOIST HEAT/STEAM STERILIZERS 95
TABLE 20 MOIST HEAT/STEAM STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 96
6.2.1.2 Dry heat sterilizers 96
6.2.1.2.1 Increasing use of dry heat sterilizers for laboratory glassware sterilization to drive market growth 96
TABLE 21 PLAYERS OFFERING DRY HEAT STERILIZERS 96
TABLE 22 DRY HEAT STERILIZERS MARKET, BY REGION, 2019–2026 (USD MILLION) 97
6.2.2 LOW-TEMPERATURE STERILIZATION INSTRUMENTS 97
TABLE 23 LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 98
TABLE 24 LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY REGION, 2019–2026 (USD MILLION) 98
6.2.2.1 Hydrogen peroxide sterilizers 98
6.2.2.1.1 Hydrogen peroxide sterilizers dominate the low-temperature sterilization instruments market 98
TABLE 25 PLAYERS OFFERING HYDROGEN PEROXIDE STERILIZERS 99
TABLE 26 HYDROGEN PEROXIDE STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 99
6.2.2.2 Ethylene oxide sterilizers 100
6.2.2.2.1 EtO is widely used for plastic products/packaging that may be discolored by irradiation 100
TABLE 27 PLAYERS OFFERING ETO STERILIZERS 100
TABLE 28 ETHYLENE OXIDE STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 101
6.2.2.3 Ozone-based sterilizers 101
6.2.2.3.1 Cost savings and lack of residue have made ozone-based sterilization popular among stakeholders 101
TABLE 29 PLAYERS OFFERING OZONE-BASED STERILIZERS 101
TABLE 30 OZONE-BASED STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 102
6.2.2.4 Formaldehyde sterilizers 102
6.2.2.4.1 Stringent regulations and rising health concerns can limit the market growth 102
TABLE 31 PLAYERS OFFERING FORMALDEHYDE STERILIZERS 102
TABLE 32 FORMALDEHYDE STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 103
6.2.2.5 Other low-temperature sterilization instruments 103
TABLE 33 OTHER LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY REGION, 2019–2026 (USD MILLION) 104
6.2.3 IONIZING RADIATION STERILIZATION INSTRUMENTS 104
TABLE 34 IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 104
TABLE 35 IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY REGION, 2019–2026 (USD MILLION) 105
6.2.3.1 Gamma radiation sterilization instruments 105
6.2.3.1.1 Safety, reliability, and high effectiveness of gamma radiation sterilization have driven its adoption 105
TABLE 36 GAMMA RADIATION STERILIZATION INSTRUMENTS MARKET, BY REGION, 2019–2026 (USD MILLION) 106
6.2.3.2 E-beam radiation sterilization instruments 106
6.2.3.2.1 E-beam radiation sterilization instruments will witness high adoption in the coming years 106
TABLE 37 E-BEAM RADIATION STERILIZATION INSTRUMENTS MARKET, BY REGION, 2019–2026 (USD MILLION) 106
6.2.4 FILTRATION STERILIZATION INSTRUMENTS 107
6.2.4.1 Wide use of filtration sterilization in the pharmaceutical and food industries will boost the market growth 107
TABLE 38 PLAYERS OFFERING FILTRATION STERILIZATION INSTRUMENTS 107
TABLE 39 FILTRATION STERILIZATION INSTRUMENTS MARKET, BY REGION,
2019–2026 (USD MILLION) 108
6.3 STERILIZATION SERVICES 108
TABLE 40 STERILIZATION SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 109
TABLE 41 STERILIZATION SERVICES MARKET, BY REGION, 2019–2026 (USD MILLION) 109
6.3.1 ETHYLENE OXIDE STERILIZATION SERVICES 110
6.3.1.1 Reintroduction of ETO sterilization to support market growth 110
TABLE 42 PLAYERS OFFERING ETO STERILIZATION SERVICES 110
TABLE 43 ETHYLENE OXIDE STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 110
6.3.2 GAMMA RADIATION STERILIZATION SERVICES 111
6.3.2.1 Increasing use of gamma radiation sterilization services in the life science industry will drive market growth 111
TABLE 44 PLAYERS OFFERING GAMMA RADIATION STERILIZATION SERVICES 111
TABLE 45 GAMMA RADIATION STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 111
6.3.3 E-BEAM STERILIZATION SERVICES 112
6.3.3.1 E-beam sterilization services to register the highest growth during the forecast period 112
TABLE 46 PLAYERS OFFERING E-BEAM STERILIZATION SERVICES 112
TABLE 47 E-BEAM STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 112
6.3.4 STEAM STERILIZATION SERVICES 113
6.3.4.1 Limited application of steam sterilization has affected market growth 113
TABLE 48 STEAM STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 113
6.3.5 OTHER STERILIZATION SERVICES 114
TABLE 49 PLAYERS OFFERING OTHER STERILIZATION SERVICES 115
TABLE 50 OTHER STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 115
6.4 STERILIZATION CONSUMABLES & ACCESSORIES 116
TABLE 51 STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE,
2019–2026 (USD MILLION) 116
TABLE 52 STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY REGION, 2019–2026 (USD MILLION) 116
6.4.1 STERILIZATION INDICATORS 116
TABLE 53 STERILIZATION INDICATORS MARKET, BY TYPE, 2019–2026 (USD MILLION) 117
TABLE 54 STERILIZATION INDICATORS MARKET, BY REGION,
2019–2026 (USD MILLION) 117
6.4.1.1 Chemical indicators 117
6.4.1.1.1 Chemical indicators dominate the sterilization indicators market 117
TABLE 55 PLAYERS OFFERING CHEMICAL INDICATORS 118
TABLE 56 CHEMICAL STERILIZATION INDICATORS MARKET, BY REGION,
2019–2026 (USD MILLION) 118
6.4.1.2 Biological indicators 118
6.4.1.2.1 Biological indicators are estimated to register the highest CAGR in the sterilization indicators market 118
TABLE 57 PLAYERS OFFERING BIOLOGICAL INDICATORS 119
TABLE 58 BIOLOGICAL STERILIZATION INDICATORS MARKET, BY REGION,
2019–2026 (USD MILLION) 119
6.4.2 STERILIZATION POUCHES 120
6.4.2.1 The increasing demand for pouches is attributed to technological advancements 120
TABLE 59 PLAYERS OFFERING STERILIZATION POUCHES 120
TABLE 60 STERILIZATION POUCHES MARKET, BY REGION, 2019–2026 (USD MILLION) 120
6.4.3 STERILIZATION LUBRICANTS 120
6.4.3.1 Increasing number of surgeries is driving the demand for sterilization lubricants 120
TABLE 61 STERILIZATION LUBRICANTS MARKET, BY REGION,
2019–2026 (USD MILLION) 121
6.4.4 STERILIZATION ACCESSORIES 121
6.4.4.1 Growing awareness of sterilization is driving the demand for accessories 121
TABLE 62 STERILIZATION ACCESSORIES MARKET, BY REGION,
2019–2026 (USD MILLION) 121
7 STERILIZATION EQUIPMENT MARKET, BY END USER 122
7.1 INTRODUCTION 123
TABLE 63 STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 123
7.1.1 PRIMARY NOTES 123
7.1.1.1 Key industry insights 123
7.2 HOSPITALS & CLINICS 124
7.2.1 HOSPITALS & CLINICS ARE THE LARGEST END USERS OF STERILIZATION EQUIPMENT 124
TABLE 64 STERILIZATION EQUIPMENT MARKET FOR HOSPITALS & CLINICS, BY REGION, 2019–2026 (USD MILLION) 125
7.3 MEDICAL DEVICE COMPANIES 125
7.3.1 MEDICAL DEVICES ARE PRIMARILY STERILIZED USING HEAT STERILIZATION AND LOW-TEMPERATURE STERILIZATION METHODS 125
TABLE 65 ISO CERTIFICATION OF THE STERILIZATION PROCESS FOR MEDICAL DEVICES 125
TABLE 66 APPLICATIONS OF DIFFERENT METHODS OF STERILIZATION IN MEDICAL DEVICE COMPANIES 126
TABLE 67 STERILIZATION EQUIPMENT MARKET FOR MEDICAL DEVICE COMPANIES,
BY REGION, 2019–2026 (USD MILLION) 127
7.4 PHARMACEUTICAL COMPANIES 127
7.4.1 GROWING NEED TO ENSURE THE SAFETY OF MANUFACTURED PRODUCTS IS DRIVING THE DEMAND FOR STERILIZATION EQUIPMENT 127
TABLE 68 DIFFERENT METHODS OF STERILIZATION IN PHARMACEUTICAL COMPANIES 128
TABLE 69 STERILIZATION EQUIPMENT MARKET FOR PHARMACEUTICAL COMPANIES,
BY REGION, 2019–2026 (USD MILLION) 128
7.5 FOOD & BEVERAGE COMPANIES 129
7.5.1 INCREASING INCIDENCE OF FOODBORNE DISEASES TO SUPPORT MARKET GROWTH 129
TABLE 70 STERILIZATION EQUIPMENT MARKET FOR FOOD & BEVERAGE COMPANIES, BY REGION, 2019–2026 (USD MILLION) 130
7.6 OTHER END USERS 130
TABLE 71 STERILIZATION EQUIPMENT MARKET FOR OTHER END USERS, BY REGION, 2019–2026 (USD MILLION) 131
8 STERILIZATION EQUIPMENT MARKET, BY REGION 132
8.1 INTRODUCTION 133
TABLE 72 STERILIZATION EQUIPMENT MARKET, BY REGION,
2019–2026 (USD MILLION) 133
8.2 IMPACT OF COVID-19 ON THE STERILIZATION EQUIPMENT MARKET,
BY COUNTRY/REGION 134
8.3 NORTH AMERICA 136
FIGURE 36 NORTH AMERICA: STERILIZATION EQUIPMENT MARKET SNAPSHOT 137
TABLE 73 NORTH AMERICA: STERILIZATION EQUIPMENT MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 137
TABLE 74 NORTH AMERICA: STERILIZATION EQUIPMENT MARKET,
BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 138
TABLE 75 NORTH AMERICA: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 138
TABLE 76 NORTH AMERICA: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 138
TABLE 77 NORTH AMERICA: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 139
TABLE 78 NORTH AMERICA: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 139
TABLE 79 NORTH AMERICA: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 139
TABLE 80 NORTH AMERICA: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 140
TABLE 81 NORTH AMERICA: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 140
TABLE 82 NORTH AMERICA: STERILIZATION EQUIPMENT MARKET, BY END USER, 2019–2026 (USD MILLION) 140
8.3.1 US 141
8.3.1.1 The US will dominate the North American sterilization equipment market during the forecast period 141
TABLE 83 US: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 142
TABLE 84 US: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 142
TABLE 85 US: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 142
TABLE 86 US: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 143
TABLE 87 US: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 143
TABLE 88 US: STERILIZATION SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 143
TABLE 89 US: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 144
TABLE 90 US: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 144
TABLE 91 US: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 144
8.3.2 CANADA 145
8.3.2.1 Increasing number of surgical procedures will drive market growth in Canada 145
TABLE 92 CANADA: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 145
TABLE 93 CANADA: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 146
TABLE 94 CANADA: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 146
TABLE 95 CANADA: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 146
TABLE 96 CANADA: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 147
TABLE 97 CANADA: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 147
TABLE 98 CANADA: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 147
TABLE 99 CANADA: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 148
TABLE 100 CANADA: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 148
8.4 EUROPE 149
TABLE 101 EUROPE: STERILIZATION EQUIPMENT MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 149
TABLE 102 EUROPE: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 150
TABLE 103 EUROPE: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 150
TABLE 104 EUROPE: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 150
TABLE 105 EUROPE: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 151
TABLE 106 EUROPE: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 151
TABLE 107 EUROPE: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 151
TABLE 108 EUROPE: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 152
TABLE 109 EUROPE: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 152
TABLE 110 EUROPE: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 152
8.4.1 GERMANY 153
8.4.1.1 Germany accounts for the largest share of the European sterilization equipment market 153
TABLE 111 GERMANY: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 154
TABLE 112 GERMANY: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 154
TABLE 113 GERMANY: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 154
TABLE 114 GERMANY: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 155
TABLE 115 GERMANY: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 155
TABLE 116 GERMANY: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 155
TABLE 117 GERMANY: STERILIZATION CONSUMABLES & ACCESSORIES MARKET,
BY TYPE, 2019–2026 (USD MILLION) 156
TABLE 118 GERMANY: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 156
TABLE 119 GERMANY: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 156
8.4.2 FRANCE 157
8.4.2.1 Rising incidence of HAIs will drive the market growth 157
TABLE 120 FRANCE: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 158
TABLE 121 FRANCE: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 158
TABLE 122 FRANCE: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 158
TABLE 123 FRANCE: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 159
TABLE 124 FRANCE: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 159
TABLE 125 FRANCE: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 159
TABLE 126 FRANCE: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 160
TABLE 127 FRANCE: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 160
TABLE 128 FRANCE: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 160
8.4.3 UK 161
8.4.3.1 Growing patient population and rising surgical volume are key drivers for market growth 161
TABLE 129 UK: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 162
TABLE 130 UK: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 162
TABLE 131 UK: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 162
TABLE 132 UK: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 163
TABLE 133 UK: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 163
TABLE 134 UK: STERILIZATION SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 163
TABLE 135 UK: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 164
TABLE 136 UK: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 164
TABLE 137 UK: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 164
8.4.4 ITALY 165
8.4.4.1 Rising geriatric population in Italy will support market growth 165
TABLE 138 ITALY: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 165
TABLE 139 ITALY: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 166
TABLE 140 ITALY: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 166
TABLE 141 ITALY: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 166
TABLE 142 ITALY: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 167
TABLE 143 ITALY: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 167
TABLE 144 ITALY: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 167
TABLE 145 ITALY: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 168
TABLE 146 ITALY: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 168
8.4.5 SPAIN 168
8.4.5.1 Growing prevalence of chronic diseases is a key growth driver in the Spanish market 168
TABLE 147 SPAIN: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 169
TABLE 148 SPAIN: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 169
TABLE 149 SPAIN: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 170
TABLE 150 SPAIN: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 170
TABLE 151 SPAIN: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 170
TABLE 152 SPAIN: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 171
TABLE 153 SPAIN: STERILIZATION CONSUMABLES & ACCESSORIES MARKET,
BY TYPE, 2019–2026 (USD MILLION) 171
TABLE 154 SPAIN: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 171
TABLE 155 SPAIN: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 172
8.4.6 REST OF EUROPE 172
TABLE 156 REST OF EUROPE: STERILIZATION EQUIPMENT MARKET,
BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 173
TABLE 157 REST OF EUROPE: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 173
TABLE 158 REST OF EUROPE: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 173
TABLE 159 REST OF EUROPE: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 174
TABLE 160 REST OF EUROPE: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 174
TABLE 161 REST OF EUROPE: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 174
TABLE 162 REST OF EUROPE: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 175
TABLE 163 REST OF EUROPE: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 175
TABLE 164 REST OF EUROPE: STERILIZATION EQUIPMENT MARKET,
BY END USER, 2019–2026 (USD MILLION) 175
8.5 ASIA PACIFIC 176
FIGURE 37 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET SNAPSHOT 177
TABLE 165 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 177
TABLE 166 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 178
TABLE 167 ASIA PACIFIC: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 178
TABLE 168 ASIA PACIFIC: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 178
TABLE 169 ASIA PACIFIC: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 179
TABLE 170 ASIA PACIFIC: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 179
TABLE 171 ASIA PACIFIC: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 179
TABLE 172 ASIA PACIFIC: STERILIZATION CONSUMABLES & ACCESSORIES MARKET,
BY TYPE, 2019–2026 (USD MILLION) 180
TABLE 173 ASIA PACIFIC: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 180
TABLE 174 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 180
8.5.1 JAPAN 181
8.5.1.1 Growing geriatric population and increasing incidence of chronic diseases are expected to drive the market in Japan 181
TABLE 175 JAPAN: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 182
TABLE 176 JAPAN: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 182
TABLE 177 JAPAN: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 182
TABLE 178 JAPAN: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 183
TABLE 179 JAPAN: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 183
TABLE 180 JAPAN: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 183
TABLE 181 JAPAN: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 184
TABLE 182 JAPAN: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 184
TABLE 183 JAPAN: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 184
8.5.2 CHINA 185
8.5.2.1 China to account for the largest share of the APAC market during the forecast period 185
TABLE 184 CHINA: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 185
TABLE 185 CHINA: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 186
TABLE 186 CHINA: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 186
TABLE 187 CHINA: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 186
TABLE 188 CHINA: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 187
TABLE 189 CHINA: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 187
TABLE 190 CHINA: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 187
TABLE 191 CHINA: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 188
TABLE 192 CHINA: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 188
8.5.3 INDIA 189
8.5.3.1 Infrastructural improvements and rising number of hospitals are driving market growth 189
TABLE 193 INDIA: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 190
TABLE 194 INDIA: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 190
TABLE 195 INDIA: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 190
TABLE 196 INDIA: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 197 INDIA: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 198 INDIA: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 191
TABLE 199 INDIA: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 192
TABLE 200 INDIA: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 192
TABLE 201 INDIA: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 192
8.5.4 REST OF ASIA PACIFIC 193
TABLE 202 ROAPAC: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 194
TABLE 203 ROAPAC: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 194
TABLE 204 ROAPAC: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 194
TABLE 205 ROAPAC: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 195
TABLE 206 ROAPAC: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 195
TABLE 207 ROAPAC: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 195
TABLE 208 ROAPAC: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 196
TABLE 209 ROAPAC: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 196
TABLE 210 ROAPAC: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 196
1 INTRODUCTION 27
1.1 OBJECTIVES OF THE STUDY 27
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 27
1.3 MARKET SCOPE 28
1.3.1 MARKETS COVERED 28
1.4 YEARS CONSIDERED FOR THE STUDY 29
1.5 CURRENCY 29
1.6 STAKEHOLDERS 29
1.7 SUMMARY OF CHANGES 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Key data from secondary sources 33
2.1.2 PRIMARY DATA 33
FIGURE 2 PRIMARY SOURCES 33
2.1.2.1 Key data from primary sources 34
2.1.2.2 Key industry insights 35
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS (STERILIZATION EQUIPMENT MARKET) 35
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 36
2.2 MARKET SIZE ESTIMATION 36
FIGURE 5 BOTTOM-UP APPROACH: COMPANY REVENUE ESTIMATION APPROACH 37
FIGURE 6 APPROACH 3: MARKET ESTIMATION FROM INFECTION CONTROL MARKET 38
FIGURE 7 APPROACH 3: MARKET ESTIMATION FROM STERILIZATION SERVICES MARKET 38
FIGURE 8 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE STERILIZATION EQUIPMENT MARKET (2021–2026) 39
FIGURE 9 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 39
FIGURE 10 TOP-DOWN APPROACH 40
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 41
FIGURE 11 MARKET DATA TRIANGULATION METHODOLOGY 41
2.4 MARKET SHARE ANALYSIS 42
2.5 ASSUMPTIONS FOR THE STUDY 42
2.6 RISK ASSESSMENT 43
TABLE 1 RISK ASSESSMENT: STERILIZATION EQUIPMENT MARKET 43
2.6.1 COVID-19 SPECIFIC ASSUMPTIONS 43
2.7 LIMITATIONS 44
2.7.1 METHODOLOGY-RELATED LIMITATIONS 44
2.7.2 SCOPE-RELATED LIMITATIONS 44
2.8 GROWTH RATE ASSUMPTIONS 44
2.9 COVID-19 ECONOMIC ASSESSMENT 44
2.10 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 45
3 EXECUTIVE SUMMARY 47
FIGURE 14 STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2021 VS. 2026 (USD MILLION) 47
FIGURE 15 STERILIZATION EQUIPMENT MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 48
FIGURE 16 GEOGRAPHICAL SNAPSHOT OF THE STERILIZATION EQUIPMENT MARKET 49
4 PREMIUM INSIGHTS 50
4.1 STERILIZATION EQUIPMENT MARKET OVERVIEW 50
FIGURE 17 INCREASING INCIDENCE OF HOSPITAL-ACQUIRED INFECTIONS TO DRIVE MARKET GROWTH DURING THE FORECAST PERIOD 50
4.2 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE (2020) 51
FIGURE 18 STERILIZATION INSTRUMENTS SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2020 51
4.3 GEOGRAPHICAL SNAPSHOT OF THE STERILIZATION EQUIPMENT MARKET 52
FIGURE 19 CHINA TO REGISTER THE HIGHEST GROWTH DURING THE FORECAST PERIOD 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 20 STERILIZATION EQUIPMENT MARKET: DRIVERS, OPPORTUNITIES, CHALLENGES, AND TRENDS 53
5.2.1 DRIVERS 54
5.2.1.1 Rising incidence of hospital-acquired infections 54
5.2.1.2 Growing number of surgical procedures 55
TABLE 2 US: PERCENTAGE INCREASE IN THE NUMBER OF SURGERIES PERFORMED 55
5.2.1.3 Increasing focus on food sterilization and disinfection 56
5.2.1.4 Increasing outsourcing of sterilization services among pharmaceutical companies, hospitals, and medical device manufacturers 57
5.2.2 OPPORTUNITIES 57
5.2.2.1 Growing healthcare sector and increasing outsourcing in emerging economies 57
FIGURE 21 INDIA: NUMBER OF HOSPITALIZATIONS DUE TO VARIOUS DISEASES
(2013 VS. 2019) 58
5.2.2.2 Rising use of E-beam sterilization 58
5.2.2.3 Reintroduction of ethylene oxide sterilization 59
5.2.2.4 Rising adoption of single-use medical nonwovens and devices 59
5.2.3 CHALLENGES 60
5.2.3.1 Sterilization of advanced medical instruments 60
5.2.3.2 End-user non-compliance with sterilization standards 60
TABLE 3 US: DECREASING COMPLIANCE AMONG END USERS 61
5.2.4 TRENDS 61
5.2.4.1 Increasing adoption of sterilization using NO2 61
5.3 RANGES/SCENARIOS 62
5.3.1 STERILIZATION EQUIPMENT MARKET 62
FIGURE 22 PESSIMISTIC SCENARIO 62
FIGURE 23 OPTIMISTIC SCENARIO 62
FIGURE 24 REALISTIC SCENARIO 63
5.4 IMPACT OF COVID-19 ON THE STERILIZATION EQUIPMENT MARKET 63
FIGURE 25 IMPACT OF COVID-19 ON COMPANIES’ BUSINESS 65
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 66
FIGURE 26 REVENUE SHIFT FOR STERILIZATION EQUIPMENT MARKET 66
5.6 PRICING ANALYSIS 67
5.6.1 STEAM STERILIZERS 67
5.6.1.1 Prices of steam sterilizers in Europe (UK) 67
5.6.1.2 Prices of steam sterilizers in APAC (India) 67
5.6.2 ETHYLENE OXIDE STERILIZERS 68
5.6.2.1 Prices of ethylene oxide sterilizers in APAC (India) 68
5.6.3 FILTRATION STERILIZATION EQUIPMENT 68
5.6.3.1 Prices of filtration sterilization equipment in APAC (India) 68
5.7 VALUE CHAIN ANALYSIS 68
5.7.1 STERILIZATION EQUIPMENT & CONSUMABLES 68
FIGURE 27 MAJOR VALUE IS ADDED DURING THE MANUFACTURING & ASSEMBLY PHASES 69
5.7.2 STERILIZATION SERVICES 69
FIGURE 28 STERILIZATION SERVICES MARKET: VALUE CHAIN ANALYSIS 70
5.8 SUPPLY CHAIN ANALYSIS 70
FIGURE 29 DIRECT DISTRIBUTION—STRATEGY PREFERRED BY PROMINENT COMPANIES 71
5.9 ECOSYSTEM ANALYSIS 71
5.9.1 ROLE IN THE ECOSYSTEM 72
FIGURE 30 KEY PLAYERS IN THE STERILIZATION EQUIPMENT ECOSYSTEM 72
5.10 TECHNOLOGY ANALYSIS 73
5.10.1 SUPERCRITICAL CO2 TECHNOLOGY 73
5.10.2 ULTRA-HIGH-PRESSURE STERILIZATION 73
5.10.3 NITROGEN DIOXIDE (NO2) STERILIZATION 74
5.10.4 PULSED ELECTRIC FIELD (PEF) STERILIZATION 74
5.10.5 PLASMA STERILIZATION 74
5.11 PATENT ANALYSIS 75
5.11.1 PATENT ANALYSIS FOR STERILIZATION SERVICES 75
5.11.1.1 Patent publication trends for sterilization services 75
FIGURE 31 PATENT PUBLICATION TRENDS (JANUARY 2011–DECEMBER 2020) 75
5.11.1.2 Insights: Jurisdiction and top applicant analysis 76
FIGURE 32 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR STERILIZATION SERVICES PATENTS (JANUARY 2011–JUNE 2021) 76
FIGURE 33 TOP APPLICANT COUNTRIES/REGIONS FOR STERILIZATION SERVICES PATENTS (JANUARY 2011–JUNE 2021) 77
5.11.2 PATENT ANALYSIS FOR STERILIZERS 78
TABLE 4 LIST OF FEW PATENTS IN THE STERILIZATION EQUIPMENT MARKET,
2020–2021 79
5.12 TRADE ANALYSIS 80
5.12.1 TRADE ANALYSIS FOR STERILIZERS 80
TABLE 5 IMPORT DATA FOR STERILIZERS, BY COUNTRY, 2016–2020 (USD MILLION) 80
TABLE 6 EXPORT DATA FOR STERILIZERS, BY COUNTRY, 2016–2020 (USD MILLION) 80
5.13 REGULATORY ANALYSIS 80
5.13.1 BY REGION 81
5.13.1.1 North America 81
5.13.1.1.1 US 81
FIGURE 34 PREMARKET NOTIFICATION: 510(K) APPROVAL FOR REPROCESSED MEDICAL DEVICES 82
5.13.1.1.2 Canada 82
TABLE 7 SPAULDING’S CLASSIFICATION OF MEDICAL EQUIPMENT/DEVICES
AND REQUIRED LEVEL OF PROCESSING/REPROCESSING 84
5.13.1.2 Europe 84
TABLE 8 STERILIZATION STANDARDS IN THE EUROPEAN UNION 84
FIGURE 35 CE MARKING FOR REPROCESSED MEDICAL DEVICES 85
5.13.1.3 Asia Pacific 85
5.13.1.3.1 Japan 85
TABLE 9 GUIDELINES FOLLOWED UNDER ISO IN JAPAN 86
TABLE 10 SPECIFICATIONS OF BIOLOGICAL INDICATORS RECOMMENDED FOR USE IN STERILIZATION PROCESSES 86
5.13.1.3.2 Australia 87
5.13.1.4 Latin America 87
5.14 PORTER’S FIVE FORCES ANALYSIS 87
TABLE 11 PORTER’S FIVE FORCES ANALYSIS (2020): STERILIZATION EQUIPMENT MARKET 87
6 STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE 90
6.1 INTRODUCTION 91
TABLE 12 STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 91
6.1.1 PRIMARY NOTES 91
6.1.1.1 Key industry insights 91
6.2 STERILIZATION INSTRUMENTS 91
TABLE 13 STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 92
TABLE 14 STERILIZATION INSTRUMENTS MARKET, BY REGION,
2019–2026 (USD MILLION) 92
6.2.1 HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS 92
TABLE 15 MOIST HEAT/STEAM STERILIZATION VS DRY HEAT STERILIZATION 93
TABLE 16 HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 93
TABLE 17 HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY REGION, 2019–2026 (USD MILLION) 93
6.2.1.1 Moist heat/steam sterilizers 94
6.2.1.1.1 Moist heat sterilization is one of the oldest heat sterilization techniques used 94
TABLE 18 OSHA REGULATIONS ON AUTOCLAVE USE 94
TABLE 19 PLAYERS OFFERING MOIST HEAT/STEAM STERILIZERS 95
TABLE 20 MOIST HEAT/STEAM STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 96
6.2.1.2 Dry heat sterilizers 96
6.2.1.2.1 Increasing use of dry heat sterilizers for laboratory glassware sterilization to drive market growth 96
TABLE 21 PLAYERS OFFERING DRY HEAT STERILIZERS 96
TABLE 22 DRY HEAT STERILIZERS MARKET, BY REGION, 2019–2026 (USD MILLION) 97
6.2.2 LOW-TEMPERATURE STERILIZATION INSTRUMENTS 97
TABLE 23 LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 98
TABLE 24 LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY REGION, 2019–2026 (USD MILLION) 98
6.2.2.1 Hydrogen peroxide sterilizers 98
6.2.2.1.1 Hydrogen peroxide sterilizers dominate the low-temperature sterilization instruments market 98
TABLE 25 PLAYERS OFFERING HYDROGEN PEROXIDE STERILIZERS 99
TABLE 26 HYDROGEN PEROXIDE STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 99
6.2.2.2 Ethylene oxide sterilizers 100
6.2.2.2.1 EtO is widely used for plastic products/packaging that may be discolored by irradiation 100
TABLE 27 PLAYERS OFFERING ETO STERILIZERS 100
TABLE 28 ETHYLENE OXIDE STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 101
6.2.2.3 Ozone-based sterilizers 101
6.2.2.3.1 Cost savings and lack of residue have made ozone-based sterilization popular among stakeholders 101
TABLE 29 PLAYERS OFFERING OZONE-BASED STERILIZERS 101
TABLE 30 OZONE-BASED STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 102
6.2.2.4 Formaldehyde sterilizers 102
6.2.2.4.1 Stringent regulations and rising health concerns can limit the market growth 102
TABLE 31 PLAYERS OFFERING FORMALDEHYDE STERILIZERS 102
TABLE 32 FORMALDEHYDE STERILIZERS MARKET, BY REGION,
2019–2026 (USD MILLION) 103
6.2.2.5 Other low-temperature sterilization instruments 103
TABLE 33 OTHER LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY REGION, 2019–2026 (USD MILLION) 104
6.2.3 IONIZING RADIATION STERILIZATION INSTRUMENTS 104
TABLE 34 IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 104
TABLE 35 IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY REGION, 2019–2026 (USD MILLION) 105
6.2.3.1 Gamma radiation sterilization instruments 105
6.2.3.1.1 Safety, reliability, and high effectiveness of gamma radiation sterilization have driven its adoption 105
TABLE 36 GAMMA RADIATION STERILIZATION INSTRUMENTS MARKET, BY REGION, 2019–2026 (USD MILLION) 106
6.2.3.2 E-beam radiation sterilization instruments 106
6.2.3.2.1 E-beam radiation sterilization instruments will witness high adoption in the coming years 106
TABLE 37 E-BEAM RADIATION STERILIZATION INSTRUMENTS MARKET, BY REGION, 2019–2026 (USD MILLION) 106
6.2.4 FILTRATION STERILIZATION INSTRUMENTS 107
6.2.4.1 Wide use of filtration sterilization in the pharmaceutical and food industries will boost the market growth 107
TABLE 38 PLAYERS OFFERING FILTRATION STERILIZATION INSTRUMENTS 107
TABLE 39 FILTRATION STERILIZATION INSTRUMENTS MARKET, BY REGION,
2019–2026 (USD MILLION) 108
6.3 STERILIZATION SERVICES 108
TABLE 40 STERILIZATION SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 109
TABLE 41 STERILIZATION SERVICES MARKET, BY REGION, 2019–2026 (USD MILLION) 109
6.3.1 ETHYLENE OXIDE STERILIZATION SERVICES 110
6.3.1.1 Reintroduction of ETO sterilization to support market growth 110
TABLE 42 PLAYERS OFFERING ETO STERILIZATION SERVICES 110
TABLE 43 ETHYLENE OXIDE STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 110
6.3.2 GAMMA RADIATION STERILIZATION SERVICES 111
6.3.2.1 Increasing use of gamma radiation sterilization services in the life science industry will drive market growth 111
TABLE 44 PLAYERS OFFERING GAMMA RADIATION STERILIZATION SERVICES 111
TABLE 45 GAMMA RADIATION STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 111
6.3.3 E-BEAM STERILIZATION SERVICES 112
6.3.3.1 E-beam sterilization services to register the highest growth during the forecast period 112
TABLE 46 PLAYERS OFFERING E-BEAM STERILIZATION SERVICES 112
TABLE 47 E-BEAM STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 112
6.3.4 STEAM STERILIZATION SERVICES 113
6.3.4.1 Limited application of steam sterilization has affected market growth 113
TABLE 48 STEAM STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 113
6.3.5 OTHER STERILIZATION SERVICES 114
TABLE 49 PLAYERS OFFERING OTHER STERILIZATION SERVICES 115
TABLE 50 OTHER STERILIZATION SERVICES MARKET, BY REGION,
2019–2026 (USD MILLION) 115
6.4 STERILIZATION CONSUMABLES & ACCESSORIES 116
TABLE 51 STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE,
2019–2026 (USD MILLION) 116
TABLE 52 STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY REGION, 2019–2026 (USD MILLION) 116
6.4.1 STERILIZATION INDICATORS 116
TABLE 53 STERILIZATION INDICATORS MARKET, BY TYPE, 2019–2026 (USD MILLION) 117
TABLE 54 STERILIZATION INDICATORS MARKET, BY REGION,
2019–2026 (USD MILLION) 117
6.4.1.1 Chemical indicators 117
6.4.1.1.1 Chemical indicators dominate the sterilization indicators market 117
TABLE 55 PLAYERS OFFERING CHEMICAL INDICATORS 118
TABLE 56 CHEMICAL STERILIZATION INDICATORS MARKET, BY REGION,
2019–2026 (USD MILLION) 118
6.4.1.2 Biological indicators 118
6.4.1.2.1 Biological indicators are estimated to register the highest CAGR in the sterilization indicators market 118
TABLE 57 PLAYERS OFFERING BIOLOGICAL INDICATORS 119
TABLE 58 BIOLOGICAL STERILIZATION INDICATORS MARKET, BY REGION,
2019–2026 (USD MILLION) 119
6.4.2 STERILIZATION POUCHES 120
6.4.2.1 The increasing demand for pouches is attributed to technological advancements 120
TABLE 59 PLAYERS OFFERING STERILIZATION POUCHES 120
TABLE 60 STERILIZATION POUCHES MARKET, BY REGION, 2019–2026 (USD MILLION) 120
6.4.3 STERILIZATION LUBRICANTS 120
6.4.3.1 Increasing number of surgeries is driving the demand for sterilization lubricants 120
TABLE 61 STERILIZATION LUBRICANTS MARKET, BY REGION,
2019–2026 (USD MILLION) 121
6.4.4 STERILIZATION ACCESSORIES 121
6.4.4.1 Growing awareness of sterilization is driving the demand for accessories 121
TABLE 62 STERILIZATION ACCESSORIES MARKET, BY REGION,
2019–2026 (USD MILLION) 121
7 STERILIZATION EQUIPMENT MARKET, BY END USER 122
7.1 INTRODUCTION 123
TABLE 63 STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 123
7.1.1 PRIMARY NOTES 123
7.1.1.1 Key industry insights 123
7.2 HOSPITALS & CLINICS 124
7.2.1 HOSPITALS & CLINICS ARE THE LARGEST END USERS OF STERILIZATION EQUIPMENT 124
TABLE 64 STERILIZATION EQUIPMENT MARKET FOR HOSPITALS & CLINICS, BY REGION, 2019–2026 (USD MILLION) 125
7.3 MEDICAL DEVICE COMPANIES 125
7.3.1 MEDICAL DEVICES ARE PRIMARILY STERILIZED USING HEAT STERILIZATION AND LOW-TEMPERATURE STERILIZATION METHODS 125
TABLE 65 ISO CERTIFICATION OF THE STERILIZATION PROCESS FOR MEDICAL DEVICES 125
TABLE 66 APPLICATIONS OF DIFFERENT METHODS OF STERILIZATION IN MEDICAL DEVICE COMPANIES 126
TABLE 67 STERILIZATION EQUIPMENT MARKET FOR MEDICAL DEVICE COMPANIES,
BY REGION, 2019–2026 (USD MILLION) 127
7.4 PHARMACEUTICAL COMPANIES 127
7.4.1 GROWING NEED TO ENSURE THE SAFETY OF MANUFACTURED PRODUCTS IS DRIVING THE DEMAND FOR STERILIZATION EQUIPMENT 127
TABLE 68 DIFFERENT METHODS OF STERILIZATION IN PHARMACEUTICAL COMPANIES 128
TABLE 69 STERILIZATION EQUIPMENT MARKET FOR PHARMACEUTICAL COMPANIES,
BY REGION, 2019–2026 (USD MILLION) 128
7.5 FOOD & BEVERAGE COMPANIES 129
7.5.1 INCREASING INCIDENCE OF FOODBORNE DISEASES TO SUPPORT MARKET GROWTH 129
TABLE 70 STERILIZATION EQUIPMENT MARKET FOR FOOD & BEVERAGE COMPANIES, BY REGION, 2019–2026 (USD MILLION) 130
7.6 OTHER END USERS 130
TABLE 71 STERILIZATION EQUIPMENT MARKET FOR OTHER END USERS, BY REGION, 2019–2026 (USD MILLION) 131
8 STERILIZATION EQUIPMENT MARKET, BY REGION 132
8.1 INTRODUCTION 133
TABLE 72 STERILIZATION EQUIPMENT MARKET, BY REGION,
2019–2026 (USD MILLION) 133
8.2 IMPACT OF COVID-19 ON THE STERILIZATION EQUIPMENT MARKET,
BY COUNTRY/REGION 134
8.3 NORTH AMERICA 136
FIGURE 36 NORTH AMERICA: STERILIZATION EQUIPMENT MARKET SNAPSHOT 137
TABLE 73 NORTH AMERICA: STERILIZATION EQUIPMENT MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 137
TABLE 74 NORTH AMERICA: STERILIZATION EQUIPMENT MARKET,
BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 138
TABLE 75 NORTH AMERICA: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 138
TABLE 76 NORTH AMERICA: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 138
TABLE 77 NORTH AMERICA: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 139
TABLE 78 NORTH AMERICA: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 139
TABLE 79 NORTH AMERICA: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 139
TABLE 80 NORTH AMERICA: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 140
TABLE 81 NORTH AMERICA: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 140
TABLE 82 NORTH AMERICA: STERILIZATION EQUIPMENT MARKET, BY END USER, 2019–2026 (USD MILLION) 140
8.3.1 US 141
8.3.1.1 The US will dominate the North American sterilization equipment market during the forecast period 141
TABLE 83 US: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 142
TABLE 84 US: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 142
TABLE 85 US: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 142
TABLE 86 US: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 143
TABLE 87 US: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 143
TABLE 88 US: STERILIZATION SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 143
TABLE 89 US: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 144
TABLE 90 US: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 144
TABLE 91 US: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 144
8.3.2 CANADA 145
8.3.2.1 Increasing number of surgical procedures will drive market growth in Canada 145
TABLE 92 CANADA: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 145
TABLE 93 CANADA: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 146
TABLE 94 CANADA: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 146
TABLE 95 CANADA: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 146
TABLE 96 CANADA: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 147
TABLE 97 CANADA: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 147
TABLE 98 CANADA: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 147
TABLE 99 CANADA: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 148
TABLE 100 CANADA: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 148
8.4 EUROPE 149
TABLE 101 EUROPE: STERILIZATION EQUIPMENT MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 149
TABLE 102 EUROPE: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 150
TABLE 103 EUROPE: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 150
TABLE 104 EUROPE: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 150
TABLE 105 EUROPE: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 151
TABLE 106 EUROPE: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 151
TABLE 107 EUROPE: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 151
TABLE 108 EUROPE: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 152
TABLE 109 EUROPE: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 152
TABLE 110 EUROPE: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 152
8.4.1 GERMANY 153
8.4.1.1 Germany accounts for the largest share of the European sterilization equipment market 153
TABLE 111 GERMANY: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 154
TABLE 112 GERMANY: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 154
TABLE 113 GERMANY: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 154
TABLE 114 GERMANY: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 155
TABLE 115 GERMANY: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 155
TABLE 116 GERMANY: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 155
TABLE 117 GERMANY: STERILIZATION CONSUMABLES & ACCESSORIES MARKET,
BY TYPE, 2019–2026 (USD MILLION) 156
TABLE 118 GERMANY: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 156
TABLE 119 GERMANY: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 156
8.4.2 FRANCE 157
8.4.2.1 Rising incidence of HAIs will drive the market growth 157
TABLE 120 FRANCE: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 158
TABLE 121 FRANCE: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 158
TABLE 122 FRANCE: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 158
TABLE 123 FRANCE: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 159
TABLE 124 FRANCE: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 159
TABLE 125 FRANCE: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 159
TABLE 126 FRANCE: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 160
TABLE 127 FRANCE: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 160
TABLE 128 FRANCE: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 160
8.4.3 UK 161
8.4.3.1 Growing patient population and rising surgical volume are key drivers for market growth 161
TABLE 129 UK: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 162
TABLE 130 UK: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 162
TABLE 131 UK: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 162
TABLE 132 UK: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 163
TABLE 133 UK: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 163
TABLE 134 UK: STERILIZATION SERVICES MARKET, BY TYPE, 2019–2026 (USD MILLION) 163
TABLE 135 UK: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 164
TABLE 136 UK: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 164
TABLE 137 UK: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 164
8.4.4 ITALY 165
8.4.4.1 Rising geriatric population in Italy will support market growth 165
TABLE 138 ITALY: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 165
TABLE 139 ITALY: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 166
TABLE 140 ITALY: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 166
TABLE 141 ITALY: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 166
TABLE 142 ITALY: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 167
TABLE 143 ITALY: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 167
TABLE 144 ITALY: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 167
TABLE 145 ITALY: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 168
TABLE 146 ITALY: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 168
8.4.5 SPAIN 168
8.4.5.1 Growing prevalence of chronic diseases is a key growth driver in the Spanish market 168
TABLE 147 SPAIN: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 169
TABLE 148 SPAIN: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 169
TABLE 149 SPAIN: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 170
TABLE 150 SPAIN: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 170
TABLE 151 SPAIN: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 170
TABLE 152 SPAIN: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 171
TABLE 153 SPAIN: STERILIZATION CONSUMABLES & ACCESSORIES MARKET,
BY TYPE, 2019–2026 (USD MILLION) 171
TABLE 154 SPAIN: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 171
TABLE 155 SPAIN: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 172
8.4.6 REST OF EUROPE 172
TABLE 156 REST OF EUROPE: STERILIZATION EQUIPMENT MARKET,
BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 173
TABLE 157 REST OF EUROPE: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 173
TABLE 158 REST OF EUROPE: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 173
TABLE 159 REST OF EUROPE: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 174
TABLE 160 REST OF EUROPE: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 174
TABLE 161 REST OF EUROPE: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 174
TABLE 162 REST OF EUROPE: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 175
TABLE 163 REST OF EUROPE: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 175
TABLE 164 REST OF EUROPE: STERILIZATION EQUIPMENT MARKET,
BY END USER, 2019–2026 (USD MILLION) 175
8.5 ASIA PACIFIC 176
FIGURE 37 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET SNAPSHOT 177
TABLE 165 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 177
TABLE 166 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 178
TABLE 167 ASIA PACIFIC: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 178
TABLE 168 ASIA PACIFIC: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 178
TABLE 169 ASIA PACIFIC: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 179
TABLE 170 ASIA PACIFIC: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 179
TABLE 171 ASIA PACIFIC: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 179
TABLE 172 ASIA PACIFIC: STERILIZATION CONSUMABLES & ACCESSORIES MARKET,
BY TYPE, 2019–2026 (USD MILLION) 180
TABLE 173 ASIA PACIFIC: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 180
TABLE 174 ASIA PACIFIC: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 180
8.5.1 JAPAN 181
8.5.1.1 Growing geriatric population and increasing incidence of chronic diseases are expected to drive the market in Japan 181
TABLE 175 JAPAN: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 182
TABLE 176 JAPAN: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 182
TABLE 177 JAPAN: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 182
TABLE 178 JAPAN: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 183
TABLE 179 JAPAN: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 183
TABLE 180 JAPAN: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 183
TABLE 181 JAPAN: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 184
TABLE 182 JAPAN: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 184
TABLE 183 JAPAN: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 184
8.5.2 CHINA 185
8.5.2.1 China to account for the largest share of the APAC market during the forecast period 185
TABLE 184 CHINA: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 185
TABLE 185 CHINA: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 186
TABLE 186 CHINA: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 186
TABLE 187 CHINA: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 186
TABLE 188 CHINA: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 187
TABLE 189 CHINA: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 187
TABLE 190 CHINA: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 187
TABLE 191 CHINA: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 188
TABLE 192 CHINA: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 188
8.5.3 INDIA 189
8.5.3.1 Infrastructural improvements and rising number of hospitals are driving market growth 189
TABLE 193 INDIA: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE,
2019–2026 (USD MILLION) 190
TABLE 194 INDIA: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 190
TABLE 195 INDIA: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 190
TABLE 196 INDIA: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 197 INDIA: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 198 INDIA: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 191
TABLE 199 INDIA: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 192
TABLE 200 INDIA: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 192
TABLE 201 INDIA: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 192
8.5.4 REST OF ASIA PACIFIC 193
TABLE 202 ROAPAC: STERILIZATION EQUIPMENT MARKET, BY PRODUCT & SERVICE, 2019–2026 (USD MILLION) 194
TABLE 203 ROAPAC: STERILIZATION INSTRUMENTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 194
TABLE 204 ROAPAC: HEAT/HIGH-TEMPERATURE STERILIZATION INSTRUMENTS MARKET, BY TYPE, 2019–2026 (USD MILLION) 194
TABLE 205 ROAPAC: LOW-TEMPERATURE STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 195
TABLE 206 ROAPAC: IONIZING RADIATION STERILIZATION INSTRUMENTS MARKET,
BY TYPE, 2019–2026 (USD MILLION) 195
TABLE 207 ROAPAC: STERILIZATION SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 195
TABLE 208 ROAPAC: STERILIZATION CONSUMABLES & ACCESSORIES MARKET, BY TYPE, 2019–2026 (USD MILLION) 196
TABLE 209 ROAPAC: STERILIZATION INDICATORS MARKET, BY TYPE,
2019–2026 (USD MILLION) 196
TABLE 210 ROAPAC: STERILIZATION EQUIPMENT MARKET, BY END USER,
2019–2026 (USD MILLION) 196
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1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 MARKET DEFINITION 33
1.2.1 CATEGORY-WISE INCLUSIONS AND EXCLUSIONS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 33
1.3 MARKET SCOPE 34
1.3.1 MARKETS COVERED 34
FIGURE 1 LATERAL FLOW ASSAY COMPONENTS MARKET SEGMENTATION 34
1.3.2 YEARS CONSIDERED FOR THE STUDY 35
1.4 CURRENCY 35
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 35
1.5 STAKEHOLDERS 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH APPROACH 36
FIGURE 2 RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary sources 38
2.1.2.2 Key data from primary sources 39
2.1.2.3 Breakdown of primaries 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE):
BY COMPANY TYPE, DESIGNATION, AND REGION 39
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND SIDE): BY END USER, DESIGNATION, AND REGION 40
2.2 MARKET SIZE ESTIMATION 40
FIGURE 5 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS (2021) 41
FIGURE 6 SUPPLY-SIDE ANALYSIS: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 42
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 44
FIGURE 7 DATA TRIANGULATION METHODOLOGY 45
2.4 KEY INDUSTRY INSIGHTS 46
2.5 LIMITATIONS 46
2.5.1 METHODOLOGY-RELATED LIMITATIONS 46
2.6 RISK ASSESSMENT 47
2.7 ASSUMPTIONS FOR THE STUDY 47
3 EXECUTIVE SUMMARY 48
FIGURE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2022 VS. 2027 (USD MILLION) 48
FIGURE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2022 VS. 2027 (USD MILLION) 49
FIGURE 10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 50
FIGURE 11 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2022 VS. 2027 (USD MILLION) 51
FIGURE 12 GEOGRAPHICAL SNAPSHOT OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 52
4 PREMIUM INSIGHTS 53
4.1 LATERAL FLOW ASSAY COMPONENTS MARKET OVERVIEW 53
FIGURE 13 RISING NUMBER OF LOCAL MANUFACTURERS FOR COMPONENTS IS DRIVING THE GROWTH OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 53
4.2 REGIONAL MIX: LATERAL FLOW ASSAY COMPONENTS MARKET 54
FIGURE 14 APAC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 54
4.3 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE AND COUNTRY 55
FIGURE 15 MEMBRANES ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2021 55
4.4 LATERAL FLOW ASSAY COMPONENTS MARKET: GEOGRAPHICAL GROWTH OPPORTUNITIES 56
4.5 LATERAL FLOW ASSAY COMPONENTS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS: IMPACT ANALYSIS 57
5.2.1 DRIVERS 58
5.2.1.1 Growing demand for lateral flow assay kits due
to the COVID-19 pandemic 58
5.2.1.2 Growing usage of home-based lateral flow assay devices 58
5.2.1.3 Growing demand for point-of-care testing 58
5.2.1.4 Increasing public-private investments to develop lateral flow assays 59
5.2.2 RESTRAINTS 59
5.2.2.1 Availability of alternative diagnostic technologies 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Evolving applications of lateral flow assays 59
5.2.4 CHALLENGES 60
5.2.4.1 Requirement of specialized storage and shipping facilities for membranes 60
5.3 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC) IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
FIGURE 16 YC–YCC SHIFT IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 61
5.5 AVERAGE SELLING PRICE TREND 61
TABLE 2 AVERAGE SELLING PRICE OF LATERAL FLOW ASSAY COMPONENTS,
BY REGION, 2021 (USD) 61
5.6 ECOSYSTEM MARKET MAP 62
FIGURE 17 ECOSYSTEM: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 62
5.7 PATENT ANALYSIS 63
5.7.1 PATENT PUBLICATION TRENDS FOR LATERAL FLOW ASSAYS 63
FIGURE 18 GLOBAL PATENT PUBLICATION TRENDS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2016–2021 64
5.7.2 JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PATENTS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 64
FIGURE 19 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR LATERAL FLOW ASSAYS COMPONENTS, 2016–2021 64
5.8 VALUE CHAIN ANALYSIS 65
5.9 REGULATORY LANDSCAPE 66
TABLE 3 REGULATORY STANDARDS/APPROVALS REQUIRED FOR LATERAL FLOW IMMUNOASSAY PRODUCTS, BY COUNTRY/REGION 66
5.9.1 NORTH AMERICA 66
5.9.2 EUROPE 67
5.9.3 ASIA PACIFIC 67
5.9.3.1 India 67
5.9.3.2 China 67
5.9.3.3 Japan 68
5.10 TECHNOLOGY ANALYSIS 69
5.10.1 KEY TECHNOLOGY: LATERAL FLOW ASSAYS 69
5.11 KEY CONFERENCES & EVENTS DURING 2021–2023 69
TABLE 4 LATERAL FLOW ASSAY COMPONENTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 69
5.12 KEY STAKEHOLDERS & BUYING CRITERIA 70
5.12.1 KEY STAKEHOLDERS IN THE BUYING PROCESS 70
FIGURE 20 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
TABLE 5 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
5.12.2 BUYING CRITERIA 71
FIGURE 21 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
TABLE 6 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
5.13 PORTER’S FIVE FORCES ANALYSIS 72
TABLE 7 LATERAL FLOW ASSAY COMPONENTS MARKET:
PORTER’S FIVE FORCES ANALYSIS 72
5.13.1 THREAT FROM NEW ENTRANTS 72
5.13.2 THREAT FROM SUBSTITUTES 72
5.13.3 BARGAINING POWER OF BUYERS 73
5.13.4 BARGAINING POWER OF SUPPLIERS 73
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 73
6 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE 74
6.1 INTRODUCTION 75
TABLE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 75
6.2 MEMBRANES 75
TABLE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE,
2020–2027 (USD MILLION) 76
TABLE 10 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 76
6.2.1 NITROCELLULOSE MEMBRANES 77
6.2.1.1 Advantages of nitrocellulose membranes such as high protein-binding affinity and compatibility with a wide range of detection methods to drive market growth 77
TABLE 11 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES, BY COUNTRY, 2020–2027 (USD MILLION) 77
TABLE 12 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (1 X 1 M SHEETS), BY REGION, 2020–2027 (IN THOUSANDS) 78
TABLE 13 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (20 MM X 1 M ROLLS), BY REGION, 2020–2027 (IN MILLIONS) 78
6.2.2 OTHER MEMBRANES 78
TABLE 14 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 79
6.3 PADS 80
TABLE 15 EXAMPLES OF DIFFERENT MATERIALS USED IN MANUFACTURING LATERAL FLOW ASSAY PADS 80
TABLE 16 LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 80
TABLE 17 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PADS, BY COUNTRY, 2020–2027 (USD MILLION) 81
6.3.1 SAMPLE PADS 81
6.3.1.1 Ability to promote even and controlled distribution of samples to drive market growth 81
TABLE 18 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SAMPLE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 82
6.3.2 CONJUGATE PADS 82
6.3.2.1 Conjugate pads play an important role in controlling the performance of lateral flow immunoassays 82
TABLE 19 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CONJUGATE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 83
6.3.3 ABSORBENT PADS 84
6.3.3.1 Absorbent pads prevent backflow—a key factor driving market growth 84
TABLE 20 LATERAL FLOW ASSAY COMPONENTS MARKET FOR ABSORBENT PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 84
6.4 OTHER COMPONENTS 84
TABLE 21 OTHER LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 85
7 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION 86
7.1 INTRODUCTION 87
TABLE 22 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 87
7.2 CLINICAL TESTING 87
TABLE 23 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 88
TABLE 24 LATERAL FLOW ASSAYS MARKET FOR CLINICAL TESTING APPLICATIONS,
BY COUNTRY, 2020–2027 (USD MILLION) 88
7.2.1 INFECTIOUS DISEASE TESTING 89
7.2.1.1 Rising demand for infectious disease testing in emerging markets to drive market growth 89
TABLE 25 LATERAL FLOW ASSAY COMPONENTS MARKET FOR INFECTIOUS DISEASE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 89
7.2.2 PREGNANCY & FERTILITY TESTING 90
7.2.2.1 Growing infertility levels due to changing lifestyles—a key factor driving market growth 90
TABLE 26 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PREGNANCY & FERTILITY TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 90
7.2.3 CARDIAC MARKER TESTING 91
7.2.3.1 Rising prevalence of cardiovascular diseases and growing government support to drive growth in this market segment 91
TABLE 27 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CARDIAC MARKER TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 92
7.2.4 CHOLESTEROL TESTING/LIPID PROFILING 92
7.2.4.1 Growing prevalence of obesity and CVD—
a key factor driving market growth 92
TABLE 28 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CHOLESTEROL TESTING/LIPID PROFILING, BY COUNTRY, 2020–2027 (USD MILLION) 93
7.2.5 DRUGS-OF-ABUSE TESTING 93
7.2.5.1 Technological advancements and a growing focus on workplace
drug testing are driving market growth 93
TABLE 29 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUGS-OF-ABUSE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 94
7.2.6 OTHER CLINICAL TESTING APPLICATIONS 94
TABLE 30 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER CLINICAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 95
7.3 VETERINARY DIAGNOSTICS 95
7.3.1 INFECTIOUS DISEASE OUTBREAKS (PARTICULARLY IN LARGE LIVESTOCK ANIMALS) TO DRIVE MARKET GROWTH 95
TABLE 31 LATERAL FLOW ASSAY COMPONENTS MARKET FOR VETERINARY DIAGNOSTIC APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 96
7.4 FOOD SAFETY & ENVIRONMENTAL TESTING 96
7.4.1 HIGH SENSITIVITY AND EASE OF USE ARE KEY FACTORS DRIVING THE DEMAND FOR LATERAL FLOW ASSAYS FOR FOOD SAFETY TESTING 96
TABLE 32 LATERAL FLOW ASSAY COMPONENTS MARKET FOR FOOD SAFETY & ENVIRONMENTAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 97
7.5 DRUG DEVELOPMENT & QUALITY TESTING 97
7.5.1 INCREASING FOCUS ON PRODUCT SAFETY AND QUALITY ASSURANCE TO DRIVE MARKET GROWTH IN THE COMING YEARS 97
TABLE 33 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUG DEVELOPMENT & QUALITY TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 98
8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE 99
8.1 INTRODUCTION 100
TABLE 34 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 100
8.2 SANDWICH ASSAYS 100
8.2.1 SANDWICH ASSAYS PROVIDE HIGHER LEVELS OF ASSAY SENSITIVITY AND SPECIFICITY THAN OTHER ASSAY TECHNIQUES—A KEY FACTOR DRIVING GROWTH IN THIS MARKET SEGMENT 100
TABLE 35 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SANDWICH ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 101
8.3 COMPETITIVE ASSAYS 101
8.3.1 REDUCED SELECTIVITY AND SENSITIVITY OF COMPETITIVE ASSAYS IN RELATION TO SANDWICH ASSAYS COULD HAMPER MARKET GROWTH 101
TABLE 36 LATERAL FLOW ASSAY COMPONENTS MARKET FOR COMPETITIVE ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 102
8.4 MULTIPLEX DETECTION ASSAYS 102
8.4.1 INCREASING ADOPTION OF MULTI-ANALYTE ASSAYS AMONG CLINICIANS TO DRIVE MARKET GROWTH 102
TABLE 37 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MULTIPLEX DETECTION ASSAYS, BY COUNTRY, 2020–2027 (USD MILLION) 103
9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER 104
9.1 INTRODUCTION 105
TABLE 38 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 105
9.2 MEDICAL DEVICE MANUFACTURING COMPANIES 105
9.2.1 INCREASING USE OF POC TESTS IS DRIVING THE ADOPTION OF LATERAL FLOW ASSAY COMPONENTS AMONG MEDICAL DEVICE MANUFACTURING COMPANIES 105
TABLE 39 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE MANUFACTURING COMPANIES, BY COUNTRY, 2020–2027 (USD MILLION) 106
9.3 MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES 106
9.3.1 GROWING INCLINATION TOWARD FAST AND EARLY DIAGNOSIS, ESPECIALLY IN RELATION TO THE CURRENT COVID-19 SCENARIO, WILL DRIVE MARKET GROWTH 106
TABLE 40 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES, BY COUNTRY,
2020–2027 (USD MILLION) 107
10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION 108
10.1 INTRODUCTION 109
FIGURE 22 CHINA TO REGISTER THE HIGHEST GROWTH IN THE LATERAL FLOW ASSAY COMPONENTS MARKET DURING THE FORECAST PERIOD 109
TABLE 41 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION,
2020–2027 (USD MILLION) 110
10.2 NORTH AMERICA 110
TABLE 42 NORTH AMERICA: MACROECONOMIC INDICATORS 110
FIGURE 23 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 111
TABLE 43 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY COUNTRY, 2020–2027 (USD MILLION) 112
TABLE 44 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 112
TABLE 45 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 112
TABLE 46 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 113
TABLE 47 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 113
TABLE 48 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 114
TABLE 49 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 114
TABLE 50 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 115
10.2.1 US 115
10.2.1.1 Increasing R&D investments and venture capital funding from both large and small firms towards the development of lateral flow assay diagnostics to drive market growth in the US 115
TABLE 51 US: MACROECONOMIC INDICATORS 116
TABLE 52 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 116
TABLE 53 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 116
TABLE 54 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 117
TABLE 55 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 117
TABLE 56 US: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 118
TABLE 57 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 118
TABLE 58 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 119
10.2.2 CANADA 119
10.2.2.1 Lateral flow assay components market in Canada is estimated to grow at a relatively lower rate than the US 119
TABLE 59 CANADA: MACROECONOMIC INDICATORS 119
TABLE 60 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 120
TABLE 61 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 120
TABLE 62 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 120
TABLE 63 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 121
TABLE 64 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 121
TABLE 65 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 122
TABLE 66 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 122
10.3 EUROPE 122
TABLE 67 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 123
TABLE 68 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 123
TABLE 69 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 123
TABLE 70 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 124
TABLE 71 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 124
TABLE 72 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 125
TABLE 73 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 125
TABLE 74 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 126
10.3.1 GERMANY 126
10.3.1.1 Growing demand for POC testing to drive the lateral flow assay components market in Germany 126
TABLE 75 GERMANY: MACROECONOMIC INDICATORS 126
TABLE 76 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 127
TABLE 77 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 127
TABLE 78 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 127
TABLE 79 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 128
TABLE 80 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 128
TABLE 81 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 129
TABLE 82 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 129
10.3.2 FRANCE 129
10.3.2.1 High prevalence of age-related chronic diseases and infectious diseases to drive market growth in France 129
TABLE 83 FRANCE: MACROECONOMIC INDICATORS 130
TABLE 84 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 130
TABLE 85 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 130
TABLE 86 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 131
TABLE 87 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 131
TABLE 88 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 132
TABLE 89 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 132
TABLE 90 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 133
10.3.3 UK 133
10.3.3.1 Severe impact of the second wave of COVID-19 in the first half of 2021 resulted in higher adoption of rapid COVID tests in the UK 133
TABLE 91 UK: MACROECONOMIC INDICATORS 134
TABLE 92 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 134
TABLE 93 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 134
TABLE 94 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 135
TABLE 95 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 135
TABLE 96 UK: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 136
TABLE 97 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 136
TABLE 98 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 137
10.3.4 ITALY 137
10.3.4.1 Growing initiatives towards decentralization of medical services in Italy are contributing to the market growth in the country 137
TABLE 99 ITALY: MACROECONOMIC INDICATORS 137
TABLE 100 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 138
TABLE 101 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 138
TABLE 102 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 138
TABLE 103 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 139
TABLE 104 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 139
TABLE 105 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 140
TABLE 106 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 140
10.3.5 SPAIN 140
10.3.5.1 Increasing focus of international organizations and domestic players on the development of POC products in the country to drive market growth 140
TABLE 107 SPAIN: MACROECONOMIC INDICATORS 141
TABLE 108 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 141
TABLE 109 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 142
TABLE 110 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 142
TABLE 111 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 142
TABLE 112 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 143
TABLE 113 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 143
TABLE 114 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 144
10.3.6 REST OF EUROPE 144
TABLE 115 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 144
TABLE 116 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 145
TABLE 117 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 145
TABLE 118 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 145
TABLE 119 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 146
TABLE 120 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 146
TABLE 121 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 147
10.4 ASIA PACIFIC 147
FIGURE 24 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 148
TABLE 122 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 149
TABLE 123 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 149
TABLE 124 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 149
TABLE 125 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 150
TABLE 126 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 150
TABLE 127 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 151
TABLE 128 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 151
TABLE 129 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 152
10.4.1 CHINA 152
10.4.1.1 Higher exports of lateral flow assay components during the COVID-19 pandemic to drive market growth in the country 152
TABLE 130 CHINA: MACROECONOMIC INDICATORS 153
TABLE 131 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 153
TABLE 132 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 153
TABLE 133 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 154
TABLE 134 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 154
TABLE 135 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 155
TABLE 136 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 155
TABLE 137 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 156
10.4.2 JAPAN 156
10.4.2.1 Increasing prevalence of age-related illnesses driving the growth of the lateral flow assay components market in Japan 156
TABLE 138 JAPAN: MACROECONOMIC INDICATORS 157
TABLE 139 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 157
TABLE 140 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 157
TABLE 141 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 158
TABLE 142 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 158
TABLE 143 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 159
TABLE 144 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 159
TABLE 145 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 160
10.4.3 INDIA 160
10.4.3.1 Increasing number of local manufacturers, growing healthcare concerns, and rising income levels to propel the growth of this market 160
TABLE 146 INDIA: MACROECONOMIC INDICATORS 160
TABLE 147 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 161
TABLE 148 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 161
TABLE 149 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 161
TABLE 150 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 162
TABLE 151 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 162
TABLE 152 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 163
TABLE 153 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 163
10.4.4 AUSTRALIA 164
10.4.4.1 Increasing prevalence of infectious diseases, especially influenza, to drive the growth of the lateral flow assay components market in Australia 164
TABLE 154 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 164
TABLE 155 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 164
TABLE 156 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 165
TABLE 157 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 165
TABLE 158 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 166
TABLE 159 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 166
TABLE 160 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 167
10.4.5 REST OF ASIA PACIFIC 167
TABLE 161 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 167
TABLE 162 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 168
TABLE 163 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 168
TABLE 164 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 168
TABLE 165 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 169
TABLE 166 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 169
TABLE 167 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 170
10.5 LATIN AMERICA 170
10.5.1 HIGH DEMAND FOR HIV POC DEVICES IN THE REGION TO SUPPORT THE GROWTH OF THE MARKET 170
TABLE 168 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 171
TABLE 169 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 171
TABLE 170 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD
TYPE, 2020–2027 (USD MILLION) 171
TABLE 171 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 172
TABLE 172 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 172
TABLE 173 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 173
TABLE 174 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 173
10.6 MIDDLE EAST & AFRICA 173
10.6.1 SIGNIFICANT SUPPORT FROM GOVERNMENTS AND GLOBAL FIRMS TOWARDS EXPANDING HEALTHCARE SERVICES DRIVES THE ADOPTION OF LATERAL FLOW ASSAYS 173
TABLE 175 MIDDLE EAST & AFRICA: MACROECONOMIC INDICATORS 174
TABLE 176 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TYPE, 2020–2027 (USD MILLION) 174
TABLE 177 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 175
TABLE 178 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 175
TABLE 179 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 175
TABLE 180 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 176
TABLE 181 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 176
TABLE 182 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 177
11 COMPETITIVE LANDSCAPE 178
11.1 OVERVIEW 178
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 178
FIGURE 25 OVERVIEW OF STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
11.3 REVENUE SHARE ANALYSIS FOR KEY PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
FIGURE 26 REVENUE SHARE ANALYSIS FOR THE KEY PLAYERS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 180
11.4 MARKET SHARE ANALYSIS 180
FIGURE 27 LATERAL FLOW ASSAY COMPONENTS MARKET SHARE ANALYSIS, BY KEY PLAYER (2021) 181
TABLE 183 LATERAL FLOW ASSAY COMPONENTS MARKET: DEGREE OF COMPETITION 182
11.5 R&D ASSESSMENT OF KEY PLAYERS 183
FIGURE 28 R&D EXPENDITURE: MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2018 VS. 2020 183
11.6 GEOGRAPHIC REVENUE ASSESSMENT OF KEY PLAYERS 183
FIGURE 29 GEOGRAPHIC REVENUE ASSESSMENT: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 184
11.7 COMPANY EVALUATION QUADRANT 184
11.7.1 STARS 184
11.7.2 PERVASIVE PLAYERS 184
11.7.3 EMERGING LEADERS 185
11.7.4 PARTICIPANTS 185
FIGURE 30 LATERAL FLOW ASSAY COMPONENTS MARKET: COMPANY EVALUATION MATRIX, 2021 185
11.8 COMPETITIVE BENCHMARKING 186
11.8.1 OVERALL COMPANY FOOTPRINT 186
TABLE 184 OVERALL COMPANY FOOTPRINT (17 COMPANIES) 186
TABLE 185 COMPANY FOOTPRINT: BY TYPE (17 COMPANIES) 187
TABLE 186 COMPANY FOOTPRINT: BY REGION (17 COMPANIES) 188
11.9 COMPETITIVE SCENARIO 188
11.9.1 DEALS 189
TABLE 187 DEALS, JANUARY 2019–FEBRUARY 2022 189
11.9.2 OTHER DEVELOPMENTS 189
TABLE 188 OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2022 189
12 COMPANY PROFILES 190
12.1 KEY PLAYERS 190
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 DANAHER CORPORATION (PALL CORPORATION AND CYTIVA LIFE SCIENCE) 190
TABLE 189 DANAHER CORPORATION: BUSINESS OVERVIEW 190
FIGURE 31 DANAHER CORPORATION: COMPANY SNAPSHOT (2020) 191
12.1.2 SARTORIUS STEDIM BIOTECH 195
TABLE 190 SARTORIUS STEDIM BIOTECH: BUSINESS OVERVIEW 195
12.1.3 MERCK KGAA 199
TABLE 191 MERCK KGAA: BUSINESS OVERVIEW 199
FIGURE 33 MERCK KGAA: COMPANY SNAPSHOT (2020) 200
12.1.4 AHLSTROM-MUNKSJÖ 204
TABLE 192 AHLSTROM-MUNKSJÖ: BUSINESS OVERVIEW 204
FIGURE 34 AHLSTROM-MUNKSJÖ: COMPANY SNAPSHOT (2020) 205
12.1.5 ADVANCED MICRODEVICES PVT. LTD. 208
TABLE 193 ADVANCED MICRODEVICES PVT. LTD.: BUSINESS OVERVIEW 208
12.1.6 DCN DIAGNOSTICS 210
TABLE 194 DCN DIAGNOSTICS: BUSINESS OVERVIEW 210
12.2 OTHER PLAYERS 211
12.2.1 FORTIS LIFE SCIENCES 211
TABLE 195 FORTIS LIFE SCIENCES: BUSINESS OVERVIEW 211
12.2.2 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD 212
TABLE 196 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD.:
BUSINESS OVERVIEW 212
12.2.3 AXIVA SICHEM BIOTECH 214
TABLE 197 AXIVA SICHEM BIOTECH: BUSINESS OVERVIEW 214
12.2.4 NUPORE FILTRATION SYSTEM 216
TABLE 198 NUPORE FILTRATION SYSTEM: BUSINESS OVERVIEW 216
12.2.5 BALLYA BIO 217
TABLE 199 BALLYA BIO: BUSINESS OVERVIEW 217
12.2.6 RUNBIO BIOTECH CO. LTD. 219
TABLE 200 RUNBIO BIOTECH CO. LTD.: BUSINESS OVERVIEW 219
12.2.7 NEENAH GESSNER 220
TABLE 201 NEENAH GESSNER: BUSINESS OVERVIEW 220
12.2.8 MAXIM BIOMEDICAL 221
TABLE 202 MAXIM BIOMEDICAL: BUSINESS OVERVIEW 221
12.2.9 CYTODIAGNOSTICS 222
TABLE 203 CYTODIAGNOSTICS: BUSINESS OVERVIEW 222
12.2.10 SENOVA GMBH 223
TABLE 204 SENOVA GMBH: BUSINESS OVERVIEW 223
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 224
13.1 DISCUSSION GUIDE 224
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 229
13.3 AVAILABLE CUSTOMIZATIONS 231
13.4 RELATED REPORTS 231
13.5 AUTHOR DETAILS 232
1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 MARKET DEFINITION 33
1.2.1 CATEGORY-WISE INCLUSIONS AND EXCLUSIONS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 33
1.3 MARKET SCOPE 34
1.3.1 MARKETS COVERED 34
FIGURE 1 LATERAL FLOW ASSAY COMPONENTS MARKET SEGMENTATION 34
1.3.2 YEARS CONSIDERED FOR THE STUDY 35
1.4 CURRENCY 35
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 35
1.5 STAKEHOLDERS 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH APPROACH 36
FIGURE 2 RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary sources 38
2.1.2.2 Key data from primary sources 39
2.1.2.3 Breakdown of primaries 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE):
BY COMPANY TYPE, DESIGNATION, AND REGION 39
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (DEMAND SIDE): BY END USER, DESIGNATION, AND REGION 40
2.2 MARKET SIZE ESTIMATION 40
FIGURE 5 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS (2021) 41
FIGURE 6 SUPPLY-SIDE ANALYSIS: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 42
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 44
FIGURE 7 DATA TRIANGULATION METHODOLOGY 45
2.4 KEY INDUSTRY INSIGHTS 46
2.5 LIMITATIONS 46
2.5.1 METHODOLOGY-RELATED LIMITATIONS 46
2.6 RISK ASSESSMENT 47
2.7 ASSUMPTIONS FOR THE STUDY 47
3 EXECUTIVE SUMMARY 48
FIGURE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2022 VS. 2027 (USD MILLION) 48
FIGURE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2022 VS. 2027 (USD MILLION) 49
FIGURE 10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2022 VS. 2027 (USD MILLION) 50
FIGURE 11 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2022 VS. 2027 (USD MILLION) 51
FIGURE 12 GEOGRAPHICAL SNAPSHOT OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 52
4 PREMIUM INSIGHTS 53
4.1 LATERAL FLOW ASSAY COMPONENTS MARKET OVERVIEW 53
FIGURE 13 RISING NUMBER OF LOCAL MANUFACTURERS FOR COMPONENTS IS DRIVING THE GROWTH OF THE LATERAL FLOW ASSAY COMPONENTS MARKET 53
4.2 REGIONAL MIX: LATERAL FLOW ASSAY COMPONENTS MARKET 54
FIGURE 14 APAC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 54
4.3 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE AND COUNTRY 55
FIGURE 15 MEMBRANES ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2021 55
4.4 LATERAL FLOW ASSAY COMPONENTS MARKET: GEOGRAPHICAL GROWTH OPPORTUNITIES 56
4.5 LATERAL FLOW ASSAY COMPONENTS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS: IMPACT ANALYSIS 57
5.2.1 DRIVERS 58
5.2.1.1 Growing demand for lateral flow assay kits due
to the COVID-19 pandemic 58
5.2.1.2 Growing usage of home-based lateral flow assay devices 58
5.2.1.3 Growing demand for point-of-care testing 58
5.2.1.4 Increasing public-private investments to develop lateral flow assays 59
5.2.2 RESTRAINTS 59
5.2.2.1 Availability of alternative diagnostic technologies 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Evolving applications of lateral flow assays 59
5.2.4 CHALLENGES 60
5.2.4.1 Requirement of specialized storage and shipping facilities for membranes 60
5.3 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC) IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 60
FIGURE 16 YC–YCC SHIFT IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 61
5.5 AVERAGE SELLING PRICE TREND 61
TABLE 2 AVERAGE SELLING PRICE OF LATERAL FLOW ASSAY COMPONENTS,
BY REGION, 2021 (USD) 61
5.6 ECOSYSTEM MARKET MAP 62
FIGURE 17 ECOSYSTEM: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 62
5.7 PATENT ANALYSIS 63
5.7.1 PATENT PUBLICATION TRENDS FOR LATERAL FLOW ASSAYS 63
FIGURE 18 GLOBAL PATENT PUBLICATION TRENDS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2016–2021 64
5.7.2 JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PATENTS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 64
FIGURE 19 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR LATERAL FLOW ASSAYS COMPONENTS, 2016–2021 64
5.8 VALUE CHAIN ANALYSIS 65
5.9 REGULATORY LANDSCAPE 66
TABLE 3 REGULATORY STANDARDS/APPROVALS REQUIRED FOR LATERAL FLOW IMMUNOASSAY PRODUCTS, BY COUNTRY/REGION 66
5.9.1 NORTH AMERICA 66
5.9.2 EUROPE 67
5.9.3 ASIA PACIFIC 67
5.9.3.1 India 67
5.9.3.2 China 67
5.9.3.3 Japan 68
5.10 TECHNOLOGY ANALYSIS 69
5.10.1 KEY TECHNOLOGY: LATERAL FLOW ASSAYS 69
5.11 KEY CONFERENCES & EVENTS DURING 2021–2023 69
TABLE 4 LATERAL FLOW ASSAY COMPONENTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 69
5.12 KEY STAKEHOLDERS & BUYING CRITERIA 70
5.12.1 KEY STAKEHOLDERS IN THE BUYING PROCESS 70
FIGURE 20 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
TABLE 5 INFLUENCE OF STAKEHOLDERS IN THE BUYING PROCESS FOR THE TOP 3 APPLICATIONS 70
5.12.2 BUYING CRITERIA 71
FIGURE 21 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
TABLE 6 KEY BUYING CRITERIA FOR THE TOP 3 APPLICATIONS 71
5.13 PORTER’S FIVE FORCES ANALYSIS 72
TABLE 7 LATERAL FLOW ASSAY COMPONENTS MARKET:
PORTER’S FIVE FORCES ANALYSIS 72
5.13.1 THREAT FROM NEW ENTRANTS 72
5.13.2 THREAT FROM SUBSTITUTES 72
5.13.3 BARGAINING POWER OF BUYERS 73
5.13.4 BARGAINING POWER OF SUPPLIERS 73
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 73
6 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE 74
6.1 INTRODUCTION 75
TABLE 8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 75
6.2 MEMBRANES 75
TABLE 9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE,
2020–2027 (USD MILLION) 76
TABLE 10 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 76
6.2.1 NITROCELLULOSE MEMBRANES 77
6.2.1.1 Advantages of nitrocellulose membranes such as high protein-binding affinity and compatibility with a wide range of detection methods to drive market growth 77
TABLE 11 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES, BY COUNTRY, 2020–2027 (USD MILLION) 77
TABLE 12 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (1 X 1 M SHEETS), BY REGION, 2020–2027 (IN THOUSANDS) 78
TABLE 13 LATERAL FLOW ASSAY COMPONENTS MARKET FOR NITROCELLULOSE MEMBRANES (20 MM X 1 M ROLLS), BY REGION, 2020–2027 (IN MILLIONS) 78
6.2.2 OTHER MEMBRANES 78
TABLE 14 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER MEMBRANES,
BY COUNTRY, 2020–2027 (USD MILLION) 79
6.3 PADS 80
TABLE 15 EXAMPLES OF DIFFERENT MATERIALS USED IN MANUFACTURING LATERAL FLOW ASSAY PADS 80
TABLE 16 LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 80
TABLE 17 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PADS, BY COUNTRY, 2020–2027 (USD MILLION) 81
6.3.1 SAMPLE PADS 81
6.3.1.1 Ability to promote even and controlled distribution of samples to drive market growth 81
TABLE 18 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SAMPLE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 82
6.3.2 CONJUGATE PADS 82
6.3.2.1 Conjugate pads play an important role in controlling the performance of lateral flow immunoassays 82
TABLE 19 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CONJUGATE PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 83
6.3.3 ABSORBENT PADS 84
6.3.3.1 Absorbent pads prevent backflow—a key factor driving market growth 84
TABLE 20 LATERAL FLOW ASSAY COMPONENTS MARKET FOR ABSORBENT PADS,
BY COUNTRY, 2020–2027 (USD MILLION) 84
6.4 OTHER COMPONENTS 84
TABLE 21 OTHER LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 85
7 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION 86
7.1 INTRODUCTION 87
TABLE 22 LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 87
7.2 CLINICAL TESTING 87
TABLE 23 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 88
TABLE 24 LATERAL FLOW ASSAYS MARKET FOR CLINICAL TESTING APPLICATIONS,
BY COUNTRY, 2020–2027 (USD MILLION) 88
7.2.1 INFECTIOUS DISEASE TESTING 89
7.2.1.1 Rising demand for infectious disease testing in emerging markets to drive market growth 89
TABLE 25 LATERAL FLOW ASSAY COMPONENTS MARKET FOR INFECTIOUS DISEASE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 89
7.2.2 PREGNANCY & FERTILITY TESTING 90
7.2.2.1 Growing infertility levels due to changing lifestyles—a key factor driving market growth 90
TABLE 26 LATERAL FLOW ASSAY COMPONENTS MARKET FOR PREGNANCY & FERTILITY TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 90
7.2.3 CARDIAC MARKER TESTING 91
7.2.3.1 Rising prevalence of cardiovascular diseases and growing government support to drive growth in this market segment 91
TABLE 27 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CARDIAC MARKER TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 92
7.2.4 CHOLESTEROL TESTING/LIPID PROFILING 92
7.2.4.1 Growing prevalence of obesity and CVD—
a key factor driving market growth 92
TABLE 28 LATERAL FLOW ASSAY COMPONENTS MARKET FOR CHOLESTEROL TESTING/LIPID PROFILING, BY COUNTRY, 2020–2027 (USD MILLION) 93
7.2.5 DRUGS-OF-ABUSE TESTING 93
7.2.5.1 Technological advancements and a growing focus on workplace
drug testing are driving market growth 93
TABLE 29 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUGS-OF-ABUSE TESTING, BY COUNTRY, 2020–2027 (USD MILLION) 94
7.2.6 OTHER CLINICAL TESTING APPLICATIONS 94
TABLE 30 LATERAL FLOW ASSAY COMPONENTS MARKET FOR OTHER CLINICAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 95
7.3 VETERINARY DIAGNOSTICS 95
7.3.1 INFECTIOUS DISEASE OUTBREAKS (PARTICULARLY IN LARGE LIVESTOCK ANIMALS) TO DRIVE MARKET GROWTH 95
TABLE 31 LATERAL FLOW ASSAY COMPONENTS MARKET FOR VETERINARY DIAGNOSTIC APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 96
7.4 FOOD SAFETY & ENVIRONMENTAL TESTING 96
7.4.1 HIGH SENSITIVITY AND EASE OF USE ARE KEY FACTORS DRIVING THE DEMAND FOR LATERAL FLOW ASSAYS FOR FOOD SAFETY TESTING 96
TABLE 32 LATERAL FLOW ASSAY COMPONENTS MARKET FOR FOOD SAFETY & ENVIRONMENTAL TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 97
7.5 DRUG DEVELOPMENT & QUALITY TESTING 97
7.5.1 INCREASING FOCUS ON PRODUCT SAFETY AND QUALITY ASSURANCE TO DRIVE MARKET GROWTH IN THE COMING YEARS 97
TABLE 33 LATERAL FLOW ASSAY COMPONENTS MARKET FOR DRUG DEVELOPMENT & QUALITY TESTING APPLICATIONS, BY COUNTRY, 2020–2027 (USD MILLION) 98
8 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE 99
8.1 INTRODUCTION 100
TABLE 34 LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 100
8.2 SANDWICH ASSAYS 100
8.2.1 SANDWICH ASSAYS PROVIDE HIGHER LEVELS OF ASSAY SENSITIVITY AND SPECIFICITY THAN OTHER ASSAY TECHNIQUES—A KEY FACTOR DRIVING GROWTH IN THIS MARKET SEGMENT 100
TABLE 35 LATERAL FLOW ASSAY COMPONENTS MARKET FOR SANDWICH ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 101
8.3 COMPETITIVE ASSAYS 101
8.3.1 REDUCED SELECTIVITY AND SENSITIVITY OF COMPETITIVE ASSAYS IN RELATION TO SANDWICH ASSAYS COULD HAMPER MARKET GROWTH 101
TABLE 36 LATERAL FLOW ASSAY COMPONENTS MARKET FOR COMPETITIVE ASSAYS,
BY COUNTRY, 2020–2027 (USD MILLION) 102
8.4 MULTIPLEX DETECTION ASSAYS 102
8.4.1 INCREASING ADOPTION OF MULTI-ANALYTE ASSAYS AMONG CLINICIANS TO DRIVE MARKET GROWTH 102
TABLE 37 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MULTIPLEX DETECTION ASSAYS, BY COUNTRY, 2020–2027 (USD MILLION) 103
9 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER 104
9.1 INTRODUCTION 105
TABLE 38 LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 105
9.2 MEDICAL DEVICE MANUFACTURING COMPANIES 105
9.2.1 INCREASING USE OF POC TESTS IS DRIVING THE ADOPTION OF LATERAL FLOW ASSAY COMPONENTS AMONG MEDICAL DEVICE MANUFACTURING COMPANIES 105
TABLE 39 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE MANUFACTURING COMPANIES, BY COUNTRY, 2020–2027 (USD MILLION) 106
9.3 MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES 106
9.3.1 GROWING INCLINATION TOWARD FAST AND EARLY DIAGNOSIS, ESPECIALLY IN RELATION TO THE CURRENT COVID-19 SCENARIO, WILL DRIVE MARKET GROWTH 106
TABLE 40 LATERAL FLOW ASSAY COMPONENTS MARKET FOR MEDICAL DEVICE CONTRACT MANUFACTURING COMPANIES, BY COUNTRY,
2020–2027 (USD MILLION) 107
10 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION 108
10.1 INTRODUCTION 109
FIGURE 22 CHINA TO REGISTER THE HIGHEST GROWTH IN THE LATERAL FLOW ASSAY COMPONENTS MARKET DURING THE FORECAST PERIOD 109
TABLE 41 LATERAL FLOW ASSAY COMPONENTS MARKET, BY REGION,
2020–2027 (USD MILLION) 110
10.2 NORTH AMERICA 110
TABLE 42 NORTH AMERICA: MACROECONOMIC INDICATORS 110
FIGURE 23 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 111
TABLE 43 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY COUNTRY, 2020–2027 (USD MILLION) 112
TABLE 44 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 112
TABLE 45 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 112
TABLE 46 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 113
TABLE 47 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 113
TABLE 48 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 114
TABLE 49 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 114
TABLE 50 NORTH AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 115
10.2.1 US 115
10.2.1.1 Increasing R&D investments and venture capital funding from both large and small firms towards the development of lateral flow assay diagnostics to drive market growth in the US 115
TABLE 51 US: MACROECONOMIC INDICATORS 116
TABLE 52 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 116
TABLE 53 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 116
TABLE 54 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 117
TABLE 55 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 117
TABLE 56 US: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 118
TABLE 57 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 118
TABLE 58 US: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 119
10.2.2 CANADA 119
10.2.2.1 Lateral flow assay components market in Canada is estimated to grow at a relatively lower rate than the US 119
TABLE 59 CANADA: MACROECONOMIC INDICATORS 119
TABLE 60 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 120
TABLE 61 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 120
TABLE 62 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 120
TABLE 63 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 121
TABLE 64 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 121
TABLE 65 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 122
TABLE 66 CANADA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 122
10.3 EUROPE 122
TABLE 67 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 123
TABLE 68 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 123
TABLE 69 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 123
TABLE 70 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 124
TABLE 71 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 124
TABLE 72 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 125
TABLE 73 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 125
TABLE 74 EUROPE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 126
10.3.1 GERMANY 126
10.3.1.1 Growing demand for POC testing to drive the lateral flow assay components market in Germany 126
TABLE 75 GERMANY: MACROECONOMIC INDICATORS 126
TABLE 76 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 127
TABLE 77 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 127
TABLE 78 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 127
TABLE 79 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 128
TABLE 80 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 128
TABLE 81 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 129
TABLE 82 GERMANY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 129
10.3.2 FRANCE 129
10.3.2.1 High prevalence of age-related chronic diseases and infectious diseases to drive market growth in France 129
TABLE 83 FRANCE: MACROECONOMIC INDICATORS 130
TABLE 84 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 130
TABLE 85 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 130
TABLE 86 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 131
TABLE 87 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 131
TABLE 88 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 132
TABLE 89 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 132
TABLE 90 FRANCE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 133
10.3.3 UK 133
10.3.3.1 Severe impact of the second wave of COVID-19 in the first half of 2021 resulted in higher adoption of rapid COVID tests in the UK 133
TABLE 91 UK: MACROECONOMIC INDICATORS 134
TABLE 92 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 134
TABLE 93 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 134
TABLE 94 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 135
TABLE 95 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 135
TABLE 96 UK: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 136
TABLE 97 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 136
TABLE 98 UK: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 137
10.3.4 ITALY 137
10.3.4.1 Growing initiatives towards decentralization of medical services in Italy are contributing to the market growth in the country 137
TABLE 99 ITALY: MACROECONOMIC INDICATORS 137
TABLE 100 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 138
TABLE 101 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 138
TABLE 102 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 138
TABLE 103 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 139
TABLE 104 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 139
TABLE 105 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 140
TABLE 106 ITALY: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 140
10.3.5 SPAIN 140
10.3.5.1 Increasing focus of international organizations and domestic players on the development of POC products in the country to drive market growth 140
TABLE 107 SPAIN: MACROECONOMIC INDICATORS 141
TABLE 108 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 141
TABLE 109 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 142
TABLE 110 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 142
TABLE 111 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 142
TABLE 112 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 143
TABLE 113 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 143
TABLE 114 SPAIN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 144
10.3.6 REST OF EUROPE 144
TABLE 115 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 144
TABLE 116 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 145
TABLE 117 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 145
TABLE 118 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 145
TABLE 119 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 146
TABLE 120 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 146
TABLE 121 ROE: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 147
10.4 ASIA PACIFIC 147
FIGURE 24 ASIA PACIFIC: LATERAL FLOW ASSAY COMPONENTS MARKET SNAPSHOT 148
TABLE 122 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 149
TABLE 123 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 149
TABLE 124 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 149
TABLE 125 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 150
TABLE 126 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 150
TABLE 127 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 151
TABLE 128 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 151
TABLE 129 APAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 152
10.4.1 CHINA 152
10.4.1.1 Higher exports of lateral flow assay components during the COVID-19 pandemic to drive market growth in the country 152
TABLE 130 CHINA: MACROECONOMIC INDICATORS 153
TABLE 131 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 153
TABLE 132 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 153
TABLE 133 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 154
TABLE 134 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 154
TABLE 135 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 155
TABLE 136 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 155
TABLE 137 CHINA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 156
10.4.2 JAPAN 156
10.4.2.1 Increasing prevalence of age-related illnesses driving the growth of the lateral flow assay components market in Japan 156
TABLE 138 JAPAN: MACROECONOMIC INDICATORS 157
TABLE 139 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 157
TABLE 140 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 157
TABLE 141 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 158
TABLE 142 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 158
TABLE 143 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 159
TABLE 144 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 159
TABLE 145 JAPAN: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 160
10.4.3 INDIA 160
10.4.3.1 Increasing number of local manufacturers, growing healthcare concerns, and rising income levels to propel the growth of this market 160
TABLE 146 INDIA: MACROECONOMIC INDICATORS 160
TABLE 147 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 161
TABLE 148 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 161
TABLE 149 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE,
2020–2027 (USD MILLION) 161
TABLE 150 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 162
TABLE 151 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 162
TABLE 152 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE,
2020–2027 (USD MILLION) 163
TABLE 153 INDIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER,
2020–2027 (USD MILLION) 163
10.4.4 AUSTRALIA 164
10.4.4.1 Increasing prevalence of infectious diseases, especially influenza, to drive the growth of the lateral flow assay components market in Australia 164
TABLE 154 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 164
TABLE 155 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 164
TABLE 156 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 165
TABLE 157 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 165
TABLE 158 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 166
TABLE 159 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 166
TABLE 160 AUSTRALIA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 167
10.4.5 REST OF ASIA PACIFIC 167
TABLE 161 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE,
2020–2027 (USD MILLION) 167
TABLE 162 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 168
TABLE 163 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD TYPE, 2020–2027 (USD MILLION) 168
TABLE 164 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 168
TABLE 165 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 169
TABLE 166 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TECHNIQUE, 2020–2027 (USD MILLION) 169
TABLE 167 ROAPAC: LATERAL FLOW ASSAY COMPONENTS MARKET, BY END USER, 2020–2027 (USD MILLION) 170
10.5 LATIN AMERICA 170
10.5.1 HIGH DEMAND FOR HIV POC DEVICES IN THE REGION TO SUPPORT THE GROWTH OF THE MARKET 170
TABLE 168 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY TYPE, 2020–2027 (USD MILLION) 171
TABLE 169 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 171
TABLE 170 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET, BY PAD
TYPE, 2020–2027 (USD MILLION) 171
TABLE 171 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 172
TABLE 172 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 172
TABLE 173 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 173
TABLE 174 LATIN AMERICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 173
10.6 MIDDLE EAST & AFRICA 173
10.6.1 SIGNIFICANT SUPPORT FROM GOVERNMENTS AND GLOBAL FIRMS TOWARDS EXPANDING HEALTHCARE SERVICES DRIVES THE ADOPTION OF LATERAL FLOW ASSAYS 173
TABLE 175 MIDDLE EAST & AFRICA: MACROECONOMIC INDICATORS 174
TABLE 176 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TYPE, 2020–2027 (USD MILLION) 174
TABLE 177 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY MEMBRANE TYPE, 2020–2027 (USD MILLION) 175
TABLE 178 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY PAD TYPE, 2020–2027 (USD MILLION) 175
TABLE 179 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY APPLICATION, 2020–2027 (USD MILLION) 175
TABLE 180 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET FOR CLINICAL TESTING APPLICATIONS, BY TYPE, 2020–2027 (USD MILLION) 176
TABLE 181 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY TECHNIQUE, 2020–2027 (USD MILLION) 176
TABLE 182 MIDDLE EAST & AFRICA: LATERAL FLOW ASSAY COMPONENTS MARKET,
BY END USER, 2020–2027 (USD MILLION) 177
11 COMPETITIVE LANDSCAPE 178
11.1 OVERVIEW 178
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 178
FIGURE 25 OVERVIEW OF STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
11.3 REVENUE SHARE ANALYSIS FOR KEY PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 179
FIGURE 26 REVENUE SHARE ANALYSIS FOR THE KEY PLAYERS
IN THE LATERAL FLOW ASSAY COMPONENTS MARKET 180
11.4 MARKET SHARE ANALYSIS 180
FIGURE 27 LATERAL FLOW ASSAY COMPONENTS MARKET SHARE ANALYSIS, BY KEY PLAYER (2021) 181
TABLE 183 LATERAL FLOW ASSAY COMPONENTS MARKET: DEGREE OF COMPETITION 182
11.5 R&D ASSESSMENT OF KEY PLAYERS 183
FIGURE 28 R&D EXPENDITURE: MAJOR PLAYERS IN THE LATERAL FLOW ASSAY COMPONENTS MARKET, 2018 VS. 2020 183
11.6 GEOGRAPHIC REVENUE ASSESSMENT OF KEY PLAYERS 183
FIGURE 29 GEOGRAPHIC REVENUE ASSESSMENT: LATERAL FLOW ASSAY COMPONENTS MARKET (2021) 184
11.7 COMPANY EVALUATION QUADRANT 184
11.7.1 STARS 184
11.7.2 PERVASIVE PLAYERS 184
11.7.3 EMERGING LEADERS 185
11.7.4 PARTICIPANTS 185
FIGURE 30 LATERAL FLOW ASSAY COMPONENTS MARKET: COMPANY EVALUATION MATRIX, 2021 185
11.8 COMPETITIVE BENCHMARKING 186
11.8.1 OVERALL COMPANY FOOTPRINT 186
TABLE 184 OVERALL COMPANY FOOTPRINT (17 COMPANIES) 186
TABLE 185 COMPANY FOOTPRINT: BY TYPE (17 COMPANIES) 187
TABLE 186 COMPANY FOOTPRINT: BY REGION (17 COMPANIES) 188
11.9 COMPETITIVE SCENARIO 188
11.9.1 DEALS 189
TABLE 187 DEALS, JANUARY 2019–FEBRUARY 2022 189
11.9.2 OTHER DEVELOPMENTS 189
TABLE 188 OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2022 189
12 COMPANY PROFILES 190
12.1 KEY PLAYERS 190
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 DANAHER CORPORATION (PALL CORPORATION AND CYTIVA LIFE SCIENCE) 190
TABLE 189 DANAHER CORPORATION: BUSINESS OVERVIEW 190
FIGURE 31 DANAHER CORPORATION: COMPANY SNAPSHOT (2020) 191
12.1.2 SARTORIUS STEDIM BIOTECH 195
TABLE 190 SARTORIUS STEDIM BIOTECH: BUSINESS OVERVIEW 195
12.1.3 MERCK KGAA 199
TABLE 191 MERCK KGAA: BUSINESS OVERVIEW 199
FIGURE 33 MERCK KGAA: COMPANY SNAPSHOT (2020) 200
12.1.4 AHLSTROM-MUNKSJÖ 204
TABLE 192 AHLSTROM-MUNKSJÖ: BUSINESS OVERVIEW 204
FIGURE 34 AHLSTROM-MUNKSJÖ: COMPANY SNAPSHOT (2020) 205
12.1.5 ADVANCED MICRODEVICES PVT. LTD. 208
TABLE 193 ADVANCED MICRODEVICES PVT. LTD.: BUSINESS OVERVIEW 208
12.1.6 DCN DIAGNOSTICS 210
TABLE 194 DCN DIAGNOSTICS: BUSINESS OVERVIEW 210
12.2 OTHER PLAYERS 211
12.2.1 FORTIS LIFE SCIENCES 211
TABLE 195 FORTIS LIFE SCIENCES: BUSINESS OVERVIEW 211
12.2.2 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD 212
TABLE 196 HANGZHOU COBETTER FILTRATION EQUIPMENT CO. LTD.:
BUSINESS OVERVIEW 212
12.2.3 AXIVA SICHEM BIOTECH 214
TABLE 197 AXIVA SICHEM BIOTECH: BUSINESS OVERVIEW 214
12.2.4 NUPORE FILTRATION SYSTEM 216
TABLE 198 NUPORE FILTRATION SYSTEM: BUSINESS OVERVIEW 216
12.2.5 BALLYA BIO 217
TABLE 199 BALLYA BIO: BUSINESS OVERVIEW 217
12.2.6 RUNBIO BIOTECH CO. LTD. 219
TABLE 200 RUNBIO BIOTECH CO. LTD.: BUSINESS OVERVIEW 219
12.2.7 NEENAH GESSNER 220
TABLE 201 NEENAH GESSNER: BUSINESS OVERVIEW 220
12.2.8 MAXIM BIOMEDICAL 221
TABLE 202 MAXIM BIOMEDICAL: BUSINESS OVERVIEW 221
12.2.9 CYTODIAGNOSTICS 222
TABLE 203 CYTODIAGNOSTICS: BUSINESS OVERVIEW 222
12.2.10 SENOVA GMBH 223
TABLE 204 SENOVA GMBH: BUSINESS OVERVIEW 223
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 224
13.1 DISCUSSION GUIDE 224
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 229
13.3 AVAILABLE CUSTOMIZATIONS 231
13.4 RELATED REPORTS 231
13.5 AUTHOR DETAILS 232
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1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION & SCOPE 15
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 16
1.2.2 MARKET SEGMENTATION 16
FIGURE 1 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET SEGMENTATION 16
1.2.3 YEARS CONSIDERED FOR THE STUDY 17
1.3 CURRENCY 17
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 17
1.4 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH APPROACH 19
FIGURE 2 RESEARCH DESIGN 19
2.1.1 SECONDARY RESEARCH 20
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY RESEARCH 21
FIGURE 3 PRIMARY SOURCES 22
2.1.2.1 Key data from primary sources 23
2.1.2.2 Insights from primary experts 23
2.1.2.3 Breakdown of primary interviews 24
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE (SUPPLY & DEMAND SIDE) AND DESIGNATION 24
2.2 MARKET SIZE ESTIMATION 25
FIGURE 5 MARKET SIZE APPROACH – REVENUE SHARE ANALYSIS 25
FIGURE 6 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 26
FIGURE 7 DEMAND-SIDE APPROACH 28
2.3 DATA TRIANGULATION 29
FIGURE 8 DATA TRIANGULATION METHODOLOGY 29
2.4 MARKET RANKING ANALYSIS 30
2.5 ASSUMPTIONS FOR THE STUDY 30
2.6 LIMITATIONS 31
2.6.1 METHODOLOGY-RELATED LIMITATIONS 31
2.6.2 SCOPE-RELATED LIMITATIONS 31
2.7 RISK ASSESSMENT 31
TABLE 2 RISK ASSESSMENT: US HEALTHCARE ENVIRONMENTAL SERVICES MARKET 31
3 EXECUTIVE SUMMARY 32
FIGURE 9 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 32
FIGURE 10 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET,
BY FACILITY TYPE, 2021 VS. 2026 (USD MILLION) 33
4 PREMIUM INSIGHTS 34
4.1 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET OVERVIEW 34
FIGURE 11 STRINGENT REGULATORY GUIDELINES ON INFECTION CONTROL & PREVENTION METHODS IS A KEY FACTOR DRIVING THE MARKET GROWTH 34
4.2 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE AND FACILITY TYPE 35
FIGURE 12 JANITORIAL/CORE-CLEANING SERVICES ACCOUNTED FOR THE LARGEST SHARE OF THE US HEALTHCARE ENVIRONMENTAL SERVICES
MARKET IN 2020 35
4.3 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE (2021–2026) 36
FIGURE 13 ACUTE CARE FACILITIES TO DOMINATE THE US HEALTHCARE ENVIRONMENTAL SERVICES MARKET DURING THE FORECAST PERIOD 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
TABLE 3 MARKET DYNAMICS: HEALTHCARE ENVIRONMENTAL SERVICES MARKET 37
5.2.1 MARKET DRIVERS 38
5.2.1.1 Increasing prevalence of Hospital-acquired infections (HAIs) 38
5.2.1.2 Rising number of hospital admissions and surgeries 39
TABLE 4 US: PERCENTAGE INCREASE IN THE NUMBER OF SURGERIES PERFORMED 39
FIGURE 14 TOTAL ADMISSIONS IN ALL US HOSPITALS 40
FIGURE 15 TOTAL NUMBER OF HOSPITALS IN THE US 40
5.2.1.3 Shortage of in-house expertise and the rising need to reduce healthcare costs 41
5.2.1.4 Increasing outsourcing of cleaning services 41
5.2.2 MARKET RESTRAINTS 41
5.2.2.1 Healthcare facilities with an in-house EVS department 41
5.2.3 MARKET OPPORTUNITIES 42
5.2.3.1 Sustained acquisitions among strategic & financial buyers 42
TABLE 5 COMPANY ACQUISITIONS 42
5.2.4 MARKET CHALLENGES 42
5.2.4.1 Noncompliance with cleaning standards by EVS providers 42
5.3 INDUSTRY TRENDS 43
5.3.1 EMERGENCE OF NEW SURFACE DISINFECTANTS &
GREEN CLEANING PRODUCTS 43
5.3.2 DISINFECTION ROBOTS 44
5.3.3 MONITORING TOOLS FOR CLEANING QUALITY ASSESSMENT 44
5.4 TECHNOLOGY ANALYSIS 45
TABLE 6 TECHNOLOGY INNOVATION IN THE HEALTHCARE ENVIRONMENTAL
SERVICES MARKET 45
5.5 PATENT ANALYSIS 45
5.5.1 PATENT PUBLICATION TRENDS FOR HEALTHCARE ENVIRONMENTAL SERVICES 46
FIGURE 16 PATENT PUBLICATION TRENDS (JANUARY 2011–DECEMBER 2021) 46
5.5.2 JURISDICTION AND TOP APPLICANT ANALYSIS 47
FIGURE 17 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR HEALTHCARE ENVIRONMENTAL SERVICES PATENTS (JANUARY 2011–JANUARY 2022) 47
FIGURE 18 TOP APPLICANT COUNTRIES/REGIONS FOR HEALTHCARE ENVIRONMENTAL SERVICES PATENTS (JANUARY 2011–JANUARY 2022) 48
TABLE 7 LIST OF PATENTS/PATENT APPLICATIONS IN THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET, 2020–2021 48
5.6 IMPACT OF COVID-19 ON THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET 50
6 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE 51
6.1 INTRODUCTION 52
TABLE 8 US: HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 52
6.2 JANITORIAL SERVICES/CORE-CLEANING SERVICES 52
6.2.1 MANDATORY REGULAR CLEANING AND DISINFECTION OF HEALTHCARE FACILITIES TO DRIVE THE MARKET GROWTH 52
6.3 INFECTION PREVENTION & CONTROL SERVICES 53
TABLE 9 US: INFECTION PREVENTION & CONTROL SERVICE MARKET, BY TYPE,
2019–2026 (USD MILLION) 53
6.3.1 SPECIALIZED CLEANING SERVICES 53
6.3.1.1 Rising adoption of specialized services to reduce HAIs to drive the market growth 53
6.3.2 INFECTION PREVENTION & CONTROL CONSULTATION SERVICES 53
6.3.2.1 The provision of customized environmental services specific
to a healthcare facility ensures market demand 53
6.4 ENHANCED CLEANING TECHNOLOGY 54
6.4.1 RISING DEMAND FOR ADVANCED CLEANING SOLUTIONS TO DRIVE THE SEGMENT GROWTH 54
TABLE 10 EXAMPLES OF COMPANIES PROVIDING TECHNOLOGY & INNOVATION IN HEALTHCARE EVS 54
6.5 FRONT-OF-HOUSE CLEANING AND BRAND EXPERIENCE 56
6.5.1 RISING AWARENESS TOWARDS A CLEAN AND SAFE ENVIRONMENT DURING PANDEMICS TO SUSTAIN THE MARKET GROWTH 56
6.6 OTHER SERVICES 56
7 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE 57
7.1 INTRODUCTION 58
FIGURE 19 STATES WITH THE HIGHEST NUMBER OF COVID-19 ADMISSIONS
(FEBRUARY 2022) 58
TABLE 11 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE, 2019–2026 (USD MILLION) 59
7.2 ACUTE-CARE FACILITIES 59
TABLE 12 US: HEALTHCARE ENVIRONMENTAL SERVICES FOR ACUTE-CARE SETTINGS, BY TYPE 2019–2026 (USD MILLION) 59
7.2.1 ACUTE HOSPITALS 60
7.2.1.1 Increasing hospital admissions due to COVID-19 and the rising prevalence of HAIs propel the market growth 60
FIGURE 20 NUMBER OF HAIS REPORTED BY GENERAL ACUTE CARE HOSPITALS
IN THE US (2020) 60
FIGURE 21 HAIS REPORTED BY GENERAL ACUTE CARE HOSPITALS IN THE US (2020) 61
FIGURE 22 HAIS REPORTED BY CRITICAL ACCESS HOSPITALS (CAHS) IN THE US (2018) 61
7.2.2 MILITARY TREATMENT FACILITY 61
7.2.2.1 The increasing number of military ambulatory health services & funding to drive the market growth 61
FIGURE 23 MILITARY HEALTH SYSTEMS FACILITIES IN THE US (2021) 62
7.2.3 CHILDREN’S HOSPITALS 62
7.2.3.1 Rising cases of COVID-19 and infection-related mortality rates among children drive the market growth 62
7.2.4 AMBULATORY SURGERY CENTERS (ASCS) 63
7.2.4.1 ASCs save time and reduce the risk of HAIS; key factor driving the market growth 63
FIGURE 24 US SURGERY CASES BY SETTING: ASC VS. HOPD (2005-2020) 64
7.2.5 ACADEMIC MEDICAL CENTERS (AMCS) 64
7.2.5.1 Healthcare capacity expansion during COVID-19 drives the adoption of healthcare environmental services in AMCs 64
7.3 POST-ACUTE CARE FACILITIES 64
TABLE 13 US: HEALTHCARE ENVIRONMENTAL SERVICES FOR POST-ACUTE CARE SETTINGS, BY TYPE 2019–2026 (USD MILLION) 65
7.3.1 LONG-TERM ACUTE HOSPITALS (LTACH) 65
7.3.1.1 Increasing risk of infection due to prolonged hospital stays to drive the market growth 65
7.3.2 SKILLED NURSING FACILITIES (SNF) 66
7.3.2.1 Increasing admissions of elderly people in skilled nursing facilities to drive the market growth 66
7.3.3 OTHER POST-ACUTE CARE FACILITIES 66
7.4 NON-ACUTE CARE FACILITIES 67
TABLE 14 US: ENVIRONMENTAL SERVICES MARKET FOR NON-ACUTE CARE SETTINGS, BY TYPE, 2019–2026 (USD MILLION) 67
7.4.1 PHYSICIAN’S OFFICES AND CLINICS 67
7.4.1.1 High patient traffic leads to continuous cleaning & maintenance to drive the market growth 67
7.4.2 OTHER NON-ACUTE CARE FACILITIES 68
FIGURE 25 DISTRIBUTION OF INDUSTRY MEDICAL AND HEALTH R&D INVESTMENTS,
BY SEGMENT (2020) 68
8 COMPETITIVE LANDSCAPE 70
8.1 OVERVIEW 70
8.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 70
8.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET 71
8.3 REVENUE SHARE ANALYSIS OF THE TOP MARKET PLAYERS 72
8.4 MARKET RANKING ANALYSIS 73
FIGURE 27 US HEALTHCARE ENVIRONMENTAL SERVICE MARKET RANKING,
BY KEY PLAYER, 2020 73
8.5 COMPETITIVE BENCHMARKING 75
TABLE 15 FOOTPRINT OF COMPANIES IN THE HEALTHCARE ENVIRONMENTAL
SERVICES MARKET 75
TABLE 16 SERVICE FOOTPRINT OF COMPANIES 76
TABLE 17 END-USER FOOTPRINT OF COMPANIES 77
8.6 COMPETITIVE LEADERSHIP MAPPING 77
8.6.1 STARS 78
8.6.2 EMERGING LEADERS 78
8.6.3 PERVASIVE PLAYERS 78
8.6.4 PARTICIPANTS 78
FIGURE 28 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET:
COMPETITIVE LEADERSHIP MAPPING (2021) 79
8.7 COMPETITIVE SCENARIO 80
8.7.1 SERVICE APPROVALS/ENHANCEMENTS 80
8.7.2 DEALS 81
TABLE 19 DEALS, 2018–2022 81
8.7.3 OTHER DEVELOPMENTS 82
9 COMPANY PROFILES 83
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
9.1 SODEXO GLOBAL 83
TABLE 21 SODEXO GLOBAL: BUSINESS OVERVIEW 83
FIGURE 29 SODEXO GLOBAL: COMPANY SNAPSHOT (2021) 84
9.2 COMPASS GROUP (CROTHALL HEALTHCARE (US)) 87
TABLE 22 COMPASS GROUP: BUSINESS OVERVIEW 87
FIGURE 30 COMPASS GROUP: COMPANY SNAPSHOT (2021) 88
9.3 ARAMARK CORPORATION 90
TABLE 23 ARAMARK CORPORATION: BUSINESS OVERVIEW 90
FIGURE 31 ARAMARK CORPORATION: COMPANY SNAPSHOT (2021) 91
9.4 HOSPITAL HOUSEKEEPING SYSTEMS (HHS) (US) 94
TABLE 24 HOSPITAL HOUSEKEEPING SYSTEMS (HHS): BUSINESS OVERVIEW 94
9.5 HEALTHCARE SERVICES GROUP, INC. 97
TABLE 25 HEALTHCARE SERVICES GROUP, INC.: BUSINESS OVERVIEW 97
FIGURE 32 HEALTHCARE SERVICES GROUP: COMPANY SNAPSHOT (2020) 98
9.6 ABM INDUSTRIES INCORPORATED 100
TABLE 26 ABM INDUSTRIES INCORPORATED: BUSINESS OVERVIEW 100
FIGURE 33 ABM INDUSTRIES INCORPORATED: COMPANY SNAPSHOT (2020) 101
9.7 OCTOCLEAN 103
TABLE 27 OCTOCLEAN: BUSINESS OVERVIEW 103
9.8 SERVICEMASTER CLEAN (SERVICEMASTER TBS) 105
TABLE 28 SERVICEMASTER CLEAN.: BUSINESS OVERVIEW 105
9.9 CORVUS JANITORIAL SYSTEMS 107
TABLE 29 CORVUS JANITORIAL SYSTEMS: BUSINESS OVERVIEW 107
9.10 BRAVO! BUILDING SERVICES 109
TABLE 30 BRAVO! BUILDING SERVICES: BUSINESS OVERVIEW 109
9.11 POWERLINK ENVIRONMENTAL SERVICES, LLC 111
TABLE 31 POWERLINK ENVIRONMENTAL SERVICES, LLC: BUSINESS OVERVIEW 111
9.12 JANI-KING INTERNATIONAL, INC. 112
TABLE 32 JANI- KING INTERNATIONAL, INC: BUSINESS OVERVIEW 112
9.13 AVI FOOD SYSTEMS(US) 114
TABLE 33 AVI FOOD SYTEMS, INC.: BUSINESS OVERVIEW 114
9.14 SERVICON 115
TABLE 34 SERVICON: BUSINESS OVERVIEW 115
9.15 XANITOS, INC. 117
TABLE 35 XANITOS, INC.: BUSINESS OVERVIEW 117
9.16 STATHAKIS 119
TABLE 36 STATHAKIS: BUSINESS OVERVIEW 119
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
10 APPENDIX 120
10.1 INSIGHTS FROM INDUSTRY EXPERTS 120
10.2 DISCUSSION GUIDE 121
10.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 124
10.4 AVAILABLE CUSTOMIZATIONS 126
10.5 RELATED REPORTS 126
10.6 AUTHOR DETAILS 127
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION & SCOPE 15
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 16
1.2.2 MARKET SEGMENTATION 16
FIGURE 1 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET SEGMENTATION 16
1.2.3 YEARS CONSIDERED FOR THE STUDY 17
1.3 CURRENCY 17
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 17
1.4 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH APPROACH 19
FIGURE 2 RESEARCH DESIGN 19
2.1.1 SECONDARY RESEARCH 20
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY RESEARCH 21
FIGURE 3 PRIMARY SOURCES 22
2.1.2.1 Key data from primary sources 23
2.1.2.2 Insights from primary experts 23
2.1.2.3 Breakdown of primary interviews 24
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE (SUPPLY & DEMAND SIDE) AND DESIGNATION 24
2.2 MARKET SIZE ESTIMATION 25
FIGURE 5 MARKET SIZE APPROACH – REVENUE SHARE ANALYSIS 25
FIGURE 6 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 26
FIGURE 7 DEMAND-SIDE APPROACH 28
2.3 DATA TRIANGULATION 29
FIGURE 8 DATA TRIANGULATION METHODOLOGY 29
2.4 MARKET RANKING ANALYSIS 30
2.5 ASSUMPTIONS FOR THE STUDY 30
2.6 LIMITATIONS 31
2.6.1 METHODOLOGY-RELATED LIMITATIONS 31
2.6.2 SCOPE-RELATED LIMITATIONS 31
2.7 RISK ASSESSMENT 31
TABLE 2 RISK ASSESSMENT: US HEALTHCARE ENVIRONMENTAL SERVICES MARKET 31
3 EXECUTIVE SUMMARY 32
FIGURE 9 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 32
FIGURE 10 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET,
BY FACILITY TYPE, 2021 VS. 2026 (USD MILLION) 33
4 PREMIUM INSIGHTS 34
4.1 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET OVERVIEW 34
FIGURE 11 STRINGENT REGULATORY GUIDELINES ON INFECTION CONTROL & PREVENTION METHODS IS A KEY FACTOR DRIVING THE MARKET GROWTH 34
4.2 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE AND FACILITY TYPE 35
FIGURE 12 JANITORIAL/CORE-CLEANING SERVICES ACCOUNTED FOR THE LARGEST SHARE OF THE US HEALTHCARE ENVIRONMENTAL SERVICES
MARKET IN 2020 35
4.3 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE (2021–2026) 36
FIGURE 13 ACUTE CARE FACILITIES TO DOMINATE THE US HEALTHCARE ENVIRONMENTAL SERVICES MARKET DURING THE FORECAST PERIOD 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
TABLE 3 MARKET DYNAMICS: HEALTHCARE ENVIRONMENTAL SERVICES MARKET 37
5.2.1 MARKET DRIVERS 38
5.2.1.1 Increasing prevalence of Hospital-acquired infections (HAIs) 38
5.2.1.2 Rising number of hospital admissions and surgeries 39
TABLE 4 US: PERCENTAGE INCREASE IN THE NUMBER OF SURGERIES PERFORMED 39
FIGURE 14 TOTAL ADMISSIONS IN ALL US HOSPITALS 40
FIGURE 15 TOTAL NUMBER OF HOSPITALS IN THE US 40
5.2.1.3 Shortage of in-house expertise and the rising need to reduce healthcare costs 41
5.2.1.4 Increasing outsourcing of cleaning services 41
5.2.2 MARKET RESTRAINTS 41
5.2.2.1 Healthcare facilities with an in-house EVS department 41
5.2.3 MARKET OPPORTUNITIES 42
5.2.3.1 Sustained acquisitions among strategic & financial buyers 42
TABLE 5 COMPANY ACQUISITIONS 42
5.2.4 MARKET CHALLENGES 42
5.2.4.1 Noncompliance with cleaning standards by EVS providers 42
5.3 INDUSTRY TRENDS 43
5.3.1 EMERGENCE OF NEW SURFACE DISINFECTANTS &
GREEN CLEANING PRODUCTS 43
5.3.2 DISINFECTION ROBOTS 44
5.3.3 MONITORING TOOLS FOR CLEANING QUALITY ASSESSMENT 44
5.4 TECHNOLOGY ANALYSIS 45
TABLE 6 TECHNOLOGY INNOVATION IN THE HEALTHCARE ENVIRONMENTAL
SERVICES MARKET 45
5.5 PATENT ANALYSIS 45
5.5.1 PATENT PUBLICATION TRENDS FOR HEALTHCARE ENVIRONMENTAL SERVICES 46
FIGURE 16 PATENT PUBLICATION TRENDS (JANUARY 2011–DECEMBER 2021) 46
5.5.2 JURISDICTION AND TOP APPLICANT ANALYSIS 47
FIGURE 17 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR HEALTHCARE ENVIRONMENTAL SERVICES PATENTS (JANUARY 2011–JANUARY 2022) 47
FIGURE 18 TOP APPLICANT COUNTRIES/REGIONS FOR HEALTHCARE ENVIRONMENTAL SERVICES PATENTS (JANUARY 2011–JANUARY 2022) 48
TABLE 7 LIST OF PATENTS/PATENT APPLICATIONS IN THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET, 2020–2021 48
5.6 IMPACT OF COVID-19 ON THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET 50
6 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE 51
6.1 INTRODUCTION 52
TABLE 8 US: HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY TYPE,
2019–2026 (USD MILLION) 52
6.2 JANITORIAL SERVICES/CORE-CLEANING SERVICES 52
6.2.1 MANDATORY REGULAR CLEANING AND DISINFECTION OF HEALTHCARE FACILITIES TO DRIVE THE MARKET GROWTH 52
6.3 INFECTION PREVENTION & CONTROL SERVICES 53
TABLE 9 US: INFECTION PREVENTION & CONTROL SERVICE MARKET, BY TYPE,
2019–2026 (USD MILLION) 53
6.3.1 SPECIALIZED CLEANING SERVICES 53
6.3.1.1 Rising adoption of specialized services to reduce HAIs to drive the market growth 53
6.3.2 INFECTION PREVENTION & CONTROL CONSULTATION SERVICES 53
6.3.2.1 The provision of customized environmental services specific
to a healthcare facility ensures market demand 53
6.4 ENHANCED CLEANING TECHNOLOGY 54
6.4.1 RISING DEMAND FOR ADVANCED CLEANING SOLUTIONS TO DRIVE THE SEGMENT GROWTH 54
TABLE 10 EXAMPLES OF COMPANIES PROVIDING TECHNOLOGY & INNOVATION IN HEALTHCARE EVS 54
6.5 FRONT-OF-HOUSE CLEANING AND BRAND EXPERIENCE 56
6.5.1 RISING AWARENESS TOWARDS A CLEAN AND SAFE ENVIRONMENT DURING PANDEMICS TO SUSTAIN THE MARKET GROWTH 56
6.6 OTHER SERVICES 56
7 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE 57
7.1 INTRODUCTION 58
FIGURE 19 STATES WITH THE HIGHEST NUMBER OF COVID-19 ADMISSIONS
(FEBRUARY 2022) 58
TABLE 11 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET, BY FACILITY TYPE, 2019–2026 (USD MILLION) 59
7.2 ACUTE-CARE FACILITIES 59
TABLE 12 US: HEALTHCARE ENVIRONMENTAL SERVICES FOR ACUTE-CARE SETTINGS, BY TYPE 2019–2026 (USD MILLION) 59
7.2.1 ACUTE HOSPITALS 60
7.2.1.1 Increasing hospital admissions due to COVID-19 and the rising prevalence of HAIs propel the market growth 60
FIGURE 20 NUMBER OF HAIS REPORTED BY GENERAL ACUTE CARE HOSPITALS
IN THE US (2020) 60
FIGURE 21 HAIS REPORTED BY GENERAL ACUTE CARE HOSPITALS IN THE US (2020) 61
FIGURE 22 HAIS REPORTED BY CRITICAL ACCESS HOSPITALS (CAHS) IN THE US (2018) 61
7.2.2 MILITARY TREATMENT FACILITY 61
7.2.2.1 The increasing number of military ambulatory health services & funding to drive the market growth 61
FIGURE 23 MILITARY HEALTH SYSTEMS FACILITIES IN THE US (2021) 62
7.2.3 CHILDREN’S HOSPITALS 62
7.2.3.1 Rising cases of COVID-19 and infection-related mortality rates among children drive the market growth 62
7.2.4 AMBULATORY SURGERY CENTERS (ASCS) 63
7.2.4.1 ASCs save time and reduce the risk of HAIS; key factor driving the market growth 63
FIGURE 24 US SURGERY CASES BY SETTING: ASC VS. HOPD (2005-2020) 64
7.2.5 ACADEMIC MEDICAL CENTERS (AMCS) 64
7.2.5.1 Healthcare capacity expansion during COVID-19 drives the adoption of healthcare environmental services in AMCs 64
7.3 POST-ACUTE CARE FACILITIES 64
TABLE 13 US: HEALTHCARE ENVIRONMENTAL SERVICES FOR POST-ACUTE CARE SETTINGS, BY TYPE 2019–2026 (USD MILLION) 65
7.3.1 LONG-TERM ACUTE HOSPITALS (LTACH) 65
7.3.1.1 Increasing risk of infection due to prolonged hospital stays to drive the market growth 65
7.3.2 SKILLED NURSING FACILITIES (SNF) 66
7.3.2.1 Increasing admissions of elderly people in skilled nursing facilities to drive the market growth 66
7.3.3 OTHER POST-ACUTE CARE FACILITIES 66
7.4 NON-ACUTE CARE FACILITIES 67
TABLE 14 US: ENVIRONMENTAL SERVICES MARKET FOR NON-ACUTE CARE SETTINGS, BY TYPE, 2019–2026 (USD MILLION) 67
7.4.1 PHYSICIAN’S OFFICES AND CLINICS 67
7.4.1.1 High patient traffic leads to continuous cleaning & maintenance to drive the market growth 67
7.4.2 OTHER NON-ACUTE CARE FACILITIES 68
FIGURE 25 DISTRIBUTION OF INDUSTRY MEDICAL AND HEALTH R&D INVESTMENTS,
BY SEGMENT (2020) 68
8 COMPETITIVE LANDSCAPE 70
8.1 OVERVIEW 70
8.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 70
8.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE HEALTHCARE ENVIRONMENTAL SERVICES MARKET 71
8.3 REVENUE SHARE ANALYSIS OF THE TOP MARKET PLAYERS 72
8.4 MARKET RANKING ANALYSIS 73
FIGURE 27 US HEALTHCARE ENVIRONMENTAL SERVICE MARKET RANKING,
BY KEY PLAYER, 2020 73
8.5 COMPETITIVE BENCHMARKING 75
TABLE 15 FOOTPRINT OF COMPANIES IN THE HEALTHCARE ENVIRONMENTAL
SERVICES MARKET 75
TABLE 16 SERVICE FOOTPRINT OF COMPANIES 76
TABLE 17 END-USER FOOTPRINT OF COMPANIES 77
8.6 COMPETITIVE LEADERSHIP MAPPING 77
8.6.1 STARS 78
8.6.2 EMERGING LEADERS 78
8.6.3 PERVASIVE PLAYERS 78
8.6.4 PARTICIPANTS 78
FIGURE 28 US HEALTHCARE ENVIRONMENTAL SERVICES MARKET:
COMPETITIVE LEADERSHIP MAPPING (2021) 79
8.7 COMPETITIVE SCENARIO 80
8.7.1 SERVICE APPROVALS/ENHANCEMENTS 80
8.7.2 DEALS 81
TABLE 19 DEALS, 2018–2022 81
8.7.3 OTHER DEVELOPMENTS 82
9 COMPANY PROFILES 83
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
9.1 SODEXO GLOBAL 83
TABLE 21 SODEXO GLOBAL: BUSINESS OVERVIEW 83
FIGURE 29 SODEXO GLOBAL: COMPANY SNAPSHOT (2021) 84
9.2 COMPASS GROUP (CROTHALL HEALTHCARE (US)) 87
TABLE 22 COMPASS GROUP: BUSINESS OVERVIEW 87
FIGURE 30 COMPASS GROUP: COMPANY SNAPSHOT (2021) 88
9.3 ARAMARK CORPORATION 90
TABLE 23 ARAMARK CORPORATION: BUSINESS OVERVIEW 90
FIGURE 31 ARAMARK CORPORATION: COMPANY SNAPSHOT (2021) 91
9.4 HOSPITAL HOUSEKEEPING SYSTEMS (HHS) (US) 94
TABLE 24 HOSPITAL HOUSEKEEPING SYSTEMS (HHS): BUSINESS OVERVIEW 94
9.5 HEALTHCARE SERVICES GROUP, INC. 97
TABLE 25 HEALTHCARE SERVICES GROUP, INC.: BUSINESS OVERVIEW 97
FIGURE 32 HEALTHCARE SERVICES GROUP: COMPANY SNAPSHOT (2020) 98
9.6 ABM INDUSTRIES INCORPORATED 100
TABLE 26 ABM INDUSTRIES INCORPORATED: BUSINESS OVERVIEW 100
FIGURE 33 ABM INDUSTRIES INCORPORATED: COMPANY SNAPSHOT (2020) 101
9.7 OCTOCLEAN 103
TABLE 27 OCTOCLEAN: BUSINESS OVERVIEW 103
9.8 SERVICEMASTER CLEAN (SERVICEMASTER TBS) 105
TABLE 28 SERVICEMASTER CLEAN.: BUSINESS OVERVIEW 105
9.9 CORVUS JANITORIAL SYSTEMS 107
TABLE 29 CORVUS JANITORIAL SYSTEMS: BUSINESS OVERVIEW 107
9.10 BRAVO! BUILDING SERVICES 109
TABLE 30 BRAVO! BUILDING SERVICES: BUSINESS OVERVIEW 109
9.11 POWERLINK ENVIRONMENTAL SERVICES, LLC 111
TABLE 31 POWERLINK ENVIRONMENTAL SERVICES, LLC: BUSINESS OVERVIEW 111
9.12 JANI-KING INTERNATIONAL, INC. 112
TABLE 32 JANI- KING INTERNATIONAL, INC: BUSINESS OVERVIEW 112
9.13 AVI FOOD SYSTEMS(US) 114
TABLE 33 AVI FOOD SYTEMS, INC.: BUSINESS OVERVIEW 114
9.14 SERVICON 115
TABLE 34 SERVICON: BUSINESS OVERVIEW 115
9.15 XANITOS, INC. 117
TABLE 35 XANITOS, INC.: BUSINESS OVERVIEW 117
9.16 STATHAKIS 119
TABLE 36 STATHAKIS: BUSINESS OVERVIEW 119
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
10 APPENDIX 120
10.1 INSIGHTS FROM INDUSTRY EXPERTS 120
10.2 DISCUSSION GUIDE 121
10.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 124
10.4 AVAILABLE CUSTOMIZATIONS 126
10.5 RELATED REPORTS 126
10.6 AUTHOR DETAILS 127
MarketsandMarkets