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Electrophysiology Market by Product (Lab Devices (3D Mapping, Recording), Ablation Catheters (Cryoablation, RF), Diagnostic Catheters (Conventional, A...

Publisher:        MarketsandMarkets

# of Pages:        284

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Publication Date:  March, 2022

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1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 32
1.2.1 INCLUSIONS AND EXCLUSIONS 32
1.3 MARKET SCOPE 33
1.3.1 MARKETS COVERED 33
1.3.2 YEARS CONSIDERED 34
1.4 CURRENCY USED 34
TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 34
1.5 KEY MARKET STAKEHOLDERS 35
1.6 SUMMARY OF CHANGES 35
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 1 RESEARCH DESIGN 37
2.1.1 SECONDARY DATA 38
2.1.1.1 Key data from secondary sources 38
2.1.1.2 Indicative list of secondary sources 40
2.1.2 PRIMARY DATA 41
2.1.2.1 Breakdown of primaries 41
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 41
2.2 MARKET ESTIMATION METHODOLOGY 42
FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 42
2.2.1 VENDOR REVENUE-BASED MARKET ESTIMATION 43
FIGURE 4 MARKET SIZE ESTIMATION: VENDOR REVENUE-BASED MARKET ESTIMATION 44
2.2.2 END USER-BASED MARKET ESTIMATION 44
FIGURE 5 MARKET SIZE ESTIMATION: END USER-BASED MARKET ESTIMATION 44
2.2.3 PRIMARY RESEARCH VALIDATION 45
2.3 DATA TRIANGULATION METHODOLOGY 45
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 45
FIGURE 6 DATA TRIANGULATION METHODOLOGY 46
2.5 RESEARCH ASSUMPTIONS 47
2.6 RESEARCH LIMITATIONS 47
 
3 EXECUTIVE SUMMARY 48
FIGURE 7 ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021 VS. 2027 (USD MILLION) 48
FIGURE 8 ELECTROPHYSIOLOGY MARKET, BY INDICATION,
2021 VS. 2027 (USD MILLION) 49
FIGURE 9 ELECTROPHYSIOLOGY MARKET, BY END USER,
2021 VS. 2027 (USD MILLION) 50
FIGURE 10 ASIA PACIFIC MARKET TO HAVE HIGHEST CAGR DURING
FORECAST PERIOD (2022-2027) 51
4 PREMIUM INSIGHTS 52
4.1 ELECTROPHYSIOLOGY MARKET OVERVIEW 52
FIGURE 11 TECHNOLOGICAL ADVANCEMENTS TO DRIVE GLOBAL ELECTROPHYSIOLOGY MARKET GROWTH 52
4.2 GEOGRAPHIC ANALYSIS: ELECTROPHYSIOLOGY MARKET, BY INDICATION AND REGION 53
FIGURE 12 ATRIAL FIBRILLATION SEGMENT DOMINATED ELECTROPHYSIOLOGY MARKET IN 2021 BY INDICATION 53
4.3 GEOGRAPHIC ANALYSIS: ELECTROPHYSIOLOGY MARKET, BY PRODUCT AND INDICATION 54
FIGURE 13 ELECTROPHYSIOLOGY LABORATORY DEVICES SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021 IN PRODUCT SEGMENT 54
4.4 ELECTROPHYSIOLOGY MARKET SHARE, BY END USER, 2021 VS. 2027 55
FIGURE 14 HOSPITALS & CARDIAC CENTERS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 55
FIGURE 15 BY END USER 2021 VS 2027 55
4.5 GEOGRAPHICAL SNAPSHOT OF ELECTROPHYSIOLOGY MARKET 56
FIGURE 16 CHINA TO REGISTER HIGHEST CAGR DURING
FORECAST PERIOD (2022-2027) 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 57
FIGURE 17 ELECTROPHYSIOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 57
5.2.1 DRIVERS 57
5.2.1.1 High rate of technological advancements 57
5.2.1.1.1 Increased use of non-invasive cardiac mapping 58
5.2.1.1.2 Increased use of improved intracardiac ablation systems 58
5.2.1.1.3 Increased use of MRI guided ablation procedures 59
5.2.1.1.4 Growing level of ultrasound guidance in the EP Lab 59
5.2.1.2 Rising number of new entrants in the market 59
TABLE 2 NEW ENTRANTS IN THE CARDIAC MAPPING SYSTEMS MARKET 60
5.2.1.3 Growing investments, funds, and grants for cardiac surgeries and electrophysiology 61
5.2.1.4 Increasing incidence of target diseases and procedures 61
 
5.2.2 RESTRAINTS 62
5.2.2.1 High cost of electrophysiology products and inadequate reimbursement process 62
5.2.2.2 Unfavorable healthcare reforms in the US 63
5.2.2.3 Cost-intensive requirement for clinical data for new product launches along with availability of alternative technologies 63
5.2.3 OPPORTUNITIES 64
5.2.3.1 Rising number of emerging markets 64
5.2.4 CHALLENGES 65
5.2.4.1 Increasing rate of reusing and reprocessing of devices 65
5.2.4.2 Lack of skilled and experienced electrophysiologists 65
5.3 REGULATORY LANDSCAPE 66
TABLE 3 INDICATIVE LIST OF REGULATORY AUTHORITIES 66
5.3.1 NORTH AMERICA 66
5.3.1.1 US 66
TABLE 4 CLASSIFICATION OF MEDICAL DEVICES BY US FDA 67
TABLE 5 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS 67
5.3.1.2 Canada 68
TABLE 6 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS 68
5.3.2 EUROPE 68
5.3.3 ASIA PACIFIC 69
5.3.3.1 India 69
5.3.3.2 China 70
TABLE 7 CHINA (NPMA): CLASSIFICATION OF MEDICAL DEVICES 70
5.3.3.3 Japan 71
TABLE 8 CLASSIFICATION OF MEDICAL DEVICES BY PMDA 71
5.4 COVID-19 IMPACT 72
5.5 REIMBURSEMENT SCENARIO 73
TABLE 9 MEDICAL REIMBURSEMENT CODES FOR 2022 (PHYSICIAN) 74
TABLE 10 MEDICAL REIMBURSEMENT CODES FOR 2022 (HOSPITAL OUTPATIENT) 76
TABLE 11 MEDICAL REIMBURSEMENT CODES FOR 2022 (HOSPITAL INPATIENT) 77
5.6 PATENT ANALYSIS 78
5.6.1 PATENTS GRANTED FOR ELECTROPHYSIOLOGY 78
FIGURE 18 NUMBER OF PATENTS ISSUED (2011 -2021) 78
5.6.2 JURISDICTION AND TOP APPLICANT ANALYSIS 79
TABLE 12 TOP 10 PATENT OWNERS FOR ELECTROPHYSIOLOGY
(JANUARY 2011 TO DECEMBER 2021) 79
FIGURE 19 TOP 10 PATENTS OWNERS FOR ELECTROPHYSIOLOGY
(JANUARY 2011 TO DECEMBER 2021) 79
FIGURE 20 TOP 10 PATENT APPLICANTS FOR ELECTROPHYSIOLOGY
(JANUARY 2011 TO DECEMBER 2021) 80
FIGURE 21 PATENTS FOR ELECTROPHYSIOLOGY, BY JURISDICTION
(JANUARY 2011 TO DECEMBER 2021) 80
 
5.7 VALUE CHAIN ANALYSIS 81
FIGURE 22 VALUE CHAIN OF ELECTROPHYSIOLOGY MARKET 81
5.8 PRICING TREND ANALYSIS 82
TABLE 13 AVERAGE PRICE OF ELECTROPHYSIOLOGY PRODUCTS,
BY DEVICE NAME, 2020 (USD) 82
5.9 PORTER’S FIVE FORCES ANALYSIS 82
TABLE 14 ELECTROPHYSIOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS 82
5.9.1 THREAT OF NEW ENTRANTS 83
5.9.2 THREAT OF SUBSTITUTES 83
5.9.3 BARGAINING POWER OF SUPPLIERS 83
5.9.4 BARGAINING POWER OF BUYERS 83
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 83
5.10 ECOSYSTEM LANDSCAPE 84
FIGURE 23 ELECTROPHYSIOLOGY MARKET: ECOSYSTEM LANDSCAPE 84
6 ELECTROPHYSIOLOGY MARKET, BY PRODUCT 85
6.1 INTRODUCTION 86
TABLE 15 ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2019–2027 (USD MILLION) 86
6.2 ELECTROPHYSIOLOGY LABORATORY DEVICES 86
TABLE 16 EP LABORATORY DEVICES MARKET, BY TYPE, 2019–2027 (USD MILLION) 87
TABLE 17 EP LABORATORY DEVICES MARKET, BY INDICATION,
2019–2027 (USD MILLION) 87
TABLE 18 EP LABORATORY DEVICES MARKET, BY END USER,
2019–2027 (USD MILLION) 88
TABLE 19 EP LABORATORY DEVICES MARKET, BY REGION, 2019–2027 (USD MILLION) 88
6.2.1 3D MAPPING SYSTEMS 88
6.2.1.1 Development of alternative technologies to hinder market growth 88
TABLE 20 3D MAPPING SYSTEMS MARKET, BY REGION, 2019–2027 (USD MILLION) 89
6.2.2 ELECTROPHYSIOLOGY RECORDING SYSTEMS 90
6.2.2.1 Increasing public-private funding to drive market growth 90
TABLE 21 ELECTROPHYSIOLOGY RECORDING SYSTEMS MARKET,
BY REGION, 2019–2027 (USD MILLION) 90
6.2.3 RADIOFREQUENCY (RF) ABLATION SYSTEMS 91
6.2.3.1 Rising number of RF ablation procedures to drive market growth 91
TABLE 22 RF ABLATION SYSTEMS MARKET, BY REGION, 2019–2027 (USD MILLION) 91
6.2.4 INTRACARDIAC ECHOCARDIOGRAPHY (ICE) ULTRASOUND IMAGING SYSTEMS 92
6.2.4.1 Advantages of ICE ultrasound imaging systems to drive market growth 92
TABLE 23 ICE ULTRASOUND IMAGING SYSTEMS MARKET, BY REGION,
2019–2027 (USD MILLION) 92
6.2.5 ELECTROPHYSIOLOGY X-RAY SYSTEMS 93
6.2.5.1 Magnetic navigation systems to hamper market growth 93
TABLE 24 ELECTROPHYSIOLOGY X-RAY SYSTEMS MARKET, BY REGION,
2019–2027 (USD MILLION) 93
6.2.6 ELECTROPHYSIOLOGY REMOTE MAGNETIC AND
ROBOTIC NAVIGATION SYSTEMS 94
6.2.6.1 Favorable reimbursement scenario to drive market growth 94
TABLE 25 ELECTROPHYSIOLOGY REMOTE MAGNETIC AND ROBOTIC NAVIGATION SYSTEMS MARKET, BY REGION, 2019–2027 (USD MILLION) 95
6.3 ELECTROPHYSIOLOGY ABLATION CATHETERS 95
TABLE 26 EP ABLATION CATHETERS MARKET, BY TYPE, 2019–2027 (USD MILLION) 95
TABLE 27 EP ABLATION CATHETERS MARKET, BY INDICATION,
2019–2027 (USD MILLION) 96
TABLE 28 EP ABLATION CATHETERS MARKET, BY END USER,
2019–2027 (USD MILLION) 96
TABLE 29 EP ABLATION CATHETERS MARKET, BY REGION, 2019–2027 (USD MILLION) 97
6.3.1 CRYOABLATION ELECTROPHYSIOLOGY CATHETERS 97
6.3.1.1 Significant therapeutic advantages to drive market growth 97
TABLE 30 CRYOABLATION EP CATHETERS MARKET, BY REGION,
2019–2027 (USD MILLION) 98
6.3.2 RADIOFREQUENCY (RF) ABLATION CATHETERS 98
6.3.2.1 Technological advancements in radiofrequency
ablation catheters to drive the market 98
TABLE 31 RF ABLATION CATHETERS MARKET, BY REGION, 2019–2027 (USD MILLION) 99
6.3.3 MICROWAVE ABLATION (MWA) SYSTEMS 99
6.3.3.1 Advantages of Microwave Ablation Systems over RF Ablation Catheters to drive market growth 99
TABLE 32 MWA SYSTEMS MARKET, BY REGION, 2019–2027 (USD MILLION) 101
6.3.4 LASER ABLATION SYSTEMS 101
6.3.4.1 Technologically advanced products to drive market growth 101
TABLE 33 LASER ABLATION SYSTEMS MARKET, BY REGION,
2019–2027 (USD MILLION) 102
6.4 ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS 102
TABLE 34 EP DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2019–2027 (USD MILLION) 102
TABLE 35 EP DIAGNOSTIC CATHETERS MARKET, BY INDICATION,
2019–2027 (USD MILLION) 103
TABLE 36 EP DIAGNOSTIC CATHETERS MARKET, BY END USER,
2019–2027 (USD MILLION) 103
TABLE 37 EP DIAGNOSTIC CATHETERS MARKET, BY REGION,
2019–2027 (USD MILLION) 104
6.4.1 CONVENTIONAL ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS 104
6.4.1.1 Increasing demand in emerging markets to support market growth 104
TABLE 38 CONVENTIONAL EP DIAGNOSTIC CATHETERS MARKET, BY REGION,
2019–2027 (USD MILLION) 105
6.4.2 ADVANCED ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS 105
6.4.2.1 Advantages of Advanced Electrophysiology Diagnostic Catheters over conventional EP diagnostic catheters to drive market growth 105
TABLE 39 ADVANCED EP DIAGNOSTIC CATHETERS MARKET, BY REGION,
2019–2027 (USD MILLION) 106
6.4.3 ULTRASOUND ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS 106
6.4.3.1 Increased demand due to rising use of ICE ultrasound imaging systems to drive market growth 106
TABLE 40 ULTRASOUND EP DIAGNOSTIC CATHETERS MARKET,
BY REGION, 2019–2027 (USD MILLION) 107
6.5 ACCESS DEVICES 107
6.5.1 LAUNCH OF TECHNOLOGICALLY ADVANCED PRODUCTS
TO DRIVE MARKET GROWTH 107
TABLE 41 ACCESS DEVICES MARKET, BY INDICATION, 2019–2027 (USD MILLION) 108
TABLE 42 ACCESS DEVICES MARKET, BY END USER, 2019–2027 (USD MILLION) 108
TABLE 43 ACCESS DEVICES MARKET, BY REGION, 2019–2027 (USD MILLION) 109
6.6 OTHER PRODUCTS 109
TABLE 44 OTHER PRODUCTS MARKET, BY INDICATION, 2019–2027 (USD MILLION) 109
TABLE 45 OTHER PRODUCTS MARKET, BY END USER, 2019–2027 (USD MILLION) 110
TABLE 46 OTHER PRODUCTS MARKET, BY REGION, 2019–2027 (USD MILLION) 110
7 ELECTROPHYSIOLOGY MARKET, BY INDICATION TYPE 111
7.1 INTRODUCTION 112
TABLE 47 ELECTROPHYSIOLOGY MARKET, BY INDICATION, 2019–2027 (USD MILLION) 112
7.2 ATRIAL FIBRILLATION 112
7.2.1 GROWING INITIATIVES TO SHOWCASE ADVANTAGES OF CATHETER ABLATION OVER ANTIARRHYTHMIC DRUGS TO DRIVE MARKET GROWTH 112
TABLE 48 ELECTROPHYSIOLOGY MARKET FOR ATRIAL FIBRILLATION, BY REGION, 2019–2027 (USD MILLION) 113
7.3 ATRIAL FLUTTER 114
7.3.1 HIGH SUCCESS RATE OF RADIOFREQUENCY CATHETER ABLATION FOR TREATMENT OF ATRIAL FLUTTER TO DRIVE MARKET GROWTH 114
TABLE 49 ELECTROPHYSIOLOGY MARKET FOR ATRIAL FLUTTER, BY REGION,
2019–2027 (USD MILLION) 114
7.4 ATRIOVENTRICULAR NODAL REENTRY TACHYCARDIA (AVNRT) 115
7.4.1 INCREASING VALIDATION OF EFFICACY OF ELECTROPHYSIOLOGY DEVICES FOR AVNRT TO DRIVE MARKET GROWTH 115
TABLE 50 ELECTROPHYSIOLOGY MARKET FOR ATRIOVENTRICULAR NODAL REENTRY TACHYCARDIA, BY REGION, 2019–2027 (USD MILLION) 115
7.5 WOLFF-PARKINSON-WHITE SYNDROME (WPW) 116
7.5.1 PREFERENCE FOR RADIOFREQUENCY ABLATION OVER SURGERY TO TREAT WOLFF-PARKINSON-WHITE SYNDROME TO DRIVE MARKET GROWTH 116
TABLE 51 ELECTROPHYSIOLOGY MARKET FOR WOLFF-PARKINSON-WHITE SYNDROME, BY REGION, 2019–2027 (USD MILLION) 116
7.6 OTHER INDICATIONS 117
TABLE 52 ELECTROPHYSIOLOGY MARKET FOR OTHER INDICATIONS, BY REGION, 2019–2027 (USD MILLION) 117
 
8 ELECTROPHYSIOLOGY MARKET, BY END USER 118
8.1 INTRODUCTION 119
TABLE 53 ELECTROPHYSIOLOGY MARKET, BY END USER, 2019–2027 (USD MILLION) 119
8.2 HOSPITALS & CARDIAC CENTERS 119
8.2.1 HOSPITAL & CARDIAC CENTERS TO DOMINATE END USER SEGMENT 119
TABLE 54 ELECTROPHYSIOLOGY MARKET FOR HOSPITALS & CARDIAC CENTERS,
BY REGION, 2019–2027 (USD MILLION) 120
8.3 AMBULATORY SURGERY CENTERS 120
8.3.1 INCREASING NUMBER OF AMBULATORY SURGICAL CENTERS IN THE US TO DRIVE ADOPTION OF ELECTROPHYSIOLOGY DEVICES 120
TABLE 55 ELECTROPHYSIOLOGY MARKET FOR AMBULATORY SURGERY CENTERS,
BY REGION, 2019–2027 (USD MILLION) 121
9 ELECTROPHYSIOLOGY MARKET, BY REGION 122
9.1 INTRODUCTION 123
FIGURE 24 GEOGRAPHIC SNAPSHOT OF ELECTROPHYSIOLOGY MARKET 123
TABLE 56 ELECTROPHYSIOLOGY MARKET, BY REGION, 2019–2027 (USD MILLION) 124
9.2 NORTH AMERICA 125
FIGURE 25 NORTH AMERICA: ELECTROPHYSIOLOGY MARKET SNAPSHOT 125
TABLE 57 NORTH AMERICA: ELECTROPHYSIOLOGY MARKET, BY COUNTRY,
2019–2027 (USD MILLION) 126
TABLE 58 NORTH AMERICA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 126
TABLE 59 NORTH AMERICA: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 127
TABLE 60 NORTH AMERICA: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 127
TABLE 61 NORTH AMERICA: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 128
TABLE 62 NORTH AMERICA: ELECTROPHYSIOLOGY MARKET, BY INDICATION,
2019–2027 (USD MILLION) 128
TABLE 63 NORTH AMERICA: ELECTROPHYSIOLOGY MARKET, BY END USER,
2019–2027 (USD MILLION) 129
9.2.1 US 129
9.2.1.1 Technological advancements to drive market growth 129
TABLE 64 CLINICAL TRIALS RELATED TO ELECTROPHYSIOLOGY DEVICES 130
TABLE 65 US: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 131
TABLE 66 US: EP LABORATORY DEVICES MARKET, BY TYPE, 2019–2027 (USD MILLION) 131
TABLE 67 US: EP ABLATION CATHETERS MARKET, BY TYPE, 2019–2027 (USD MILLION) 132
TABLE 68 US: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 132
9.2.2 CANADA 133
9.2.2.1 Growing government funding for research to support market growth 133
TABLE 69 RESEARCH GRANTS TOWARDS RESEARCH IN CARDIOLOGY 134
TABLE 70 CANADA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 135
TABLE 71 CANADA: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 135
TABLE 72 CANADA: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 136
TABLE 73 CANADA: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 136
9.3 EUROPE 137
TABLE 74 EUROPE: ELECTROPHYSIOLOGY MARKET, BY COUNTRY,
2019–2027 (USD MILLION) 137
TABLE 75 EUROPE: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 138
TABLE 76 EUROPE: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 138
TABLE 77 EUROPE: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 139
TABLE 78 EUROPE: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 139
TABLE 79 EUROPE: ELECTROPHYSIOLOGY MARKET, BY INDICATION,
2019–2027 (USD MILLION) 140
TABLE 80 EUROPE: ELECTROPHYSIOLOGY MARKET, BY END USER,
2019–2027 (USD MILLION) 140
9.3.1 GERMANY 141
9.3.1.1 Rising healthcare expenditure and growing use of electrophysiology devices to drive market growth 141
TABLE 81 GERMANY: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 141
TABLE 82 GERMANY: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 142
TABLE 83 GERMANY: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 142
TABLE 84 GERMANY: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 143
9.3.2 UK 143
9.3.2.1 Growing geriatric population to drive market growth 143
TABLE 85 UK: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 144
TABLE 86 UK: EP LABORATORY DEVICES MARKET, BY TYPE, 2019–2027 (USD MILLION) 144
TABLE 87 UK: EP ABLATION CATHETERS MARKET, BY TYPE, 2019–2027 (USD MILLION) 145
TABLE 88 UK: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 145
9.3.3 FRANCE 146
9.3.3.1 Increasing incidence of heart failure to support market growth 146
TABLE 89 FRANCE: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 146
TABLE 90 FRANCE: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 147
TABLE 91 FRANCE: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 147
TABLE 92 FRANCE: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 148
9.3.4 ITALY 148
9.3.4.1 Rising incidence of CVDs to drive electrophysiology devices adoption 148
TABLE 93 ITALY: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 149
TABLE 94 ITALY: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 149
TABLE 95 ITALY: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 150
TABLE 96 ITALY: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 150
9.3.5 SPAIN 151
9.3.5.1 Growing number of cardiac ablation procedures
to drive market growth 151
TABLE 97 SPAIN: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 151
TABLE 98 SPAIN: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 152
TABLE 99 SPAIN: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 152
TABLE 100 SPAIN: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 153
9.3.6 REST OF EUROPE 153
TABLE 101 CARDIAC AF ABLATION PROCEDURES, BY COUNTRY, 2015 VS. 2016 154
TABLE 102 ROE: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 154
TABLE 103 ROE: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 155
TABLE 104 ROE: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 155
TABLE 105 ROE: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 156
9.4 ASIA PACIFIC 156
FIGURE 26 ASIA PACIFIC: ELECTROPHYSIOLOGY MARKET SNAPSHOT 157
TABLE 106 ASIA PACIFIC: ELECTROPHYSIOLOGY MARKET, BY COUNTRY,
2019–2027 (USD MILLION) 158
TABLE 107 ASIA PACIFIC: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 158
TABLE 108 ASIA PACIFIC: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 159
TABLE 109 ASIA PACIFIC: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 159
TABLE 110 ASIA PACIFIC: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 160
TABLE 111 ASIA PACIFIC: ELECTROPHYSIOLOGY MARKET, BY INDICATION,
2019–2027 (USD MILLION) 160
TABLE 112 ASIA PACIFIC: ELECTROPHYSIOLOGY MARKET, BY END USER,
2019–2027 (USD MILLION) 161
9.4.1 JAPAN 161
9.4.1.1 Favorable reimbursement scenario to support market growth 161
TABLE 113 JAPAN: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 162
TABLE 114 JAPAN: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 162
TABLE 115 JAPAN: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 163
TABLE 116 JAPAN: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 163
9.4.2 CHINA 164
9.4.2.1 Growing geriatric population to drive market growth 164
TABLE 117 CHINA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 164
TABLE 118 CHINA: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 165
TABLE 119 CHINA: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 165
TABLE 120 CHINA: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 166
9.4.3 INDIA 166
9.4.3.1 Increasing healthcare initiatives by government to drive market growth 166
TABLE 121 INDIA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 167
TABLE 122 INDIA: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 167
TABLE 123 INDIA: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 168
TABLE 124 INDIA: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 168
9.4.4 AUSTRALIA 169
9.4.4.1 Increasing target disease burden to support market growth 169
TABLE 125 AUSTRALIA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 169
TABLE 126 AUSTRALIA: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 170
TABLE 127 AUSTRALIA: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 170
TABLE 128 AUSTRALIA: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 171
9.4.5 SOUTH KOREA 171
9.4.5.1 Supportive government initiatives to drive market growth 171
TABLE 129 SOUTH KOREA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 172
TABLE 130 SOUTH KOREA: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 172
TABLE 131 SOUTH KOREA: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 173
TABLE 132 SOUTH KOREA: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 173
9.4.6 REST OF ASIA PACIFIC 173
TABLE 133 ROAPAC: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 174
TABLE 134 ROAPAC: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 175
TABLE 135 ROAPAC: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 175
TABLE 136 ROAPAC: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 176
9.5 LATIN AMERICA 176
TABLE 137 LATAM: ELECTROPHYSIOLOGY MARKET, BY COUNTRY,
2019–2027 (USD MILLION) 177
TABLE 138 LATAM: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 177
TABLE 139 LATAM: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 178
TABLE 140 LATAM: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 178
TABLE 141 LATAM: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 179
TABLE 142 LATAM: ELECTROPHYSIOLOGY MARKET, BY INDICATION,
2019–2027 (USD MILLION) 179
TABLE 143 LATAM: ELECTROPHYSIOLOGY MARKET, BY END USER,
2019–2027 (USD MILLION) 180
9.5.1 BRAZIL 180
9.5.1.1 Modernization of healthcare facilities to drive market growth 180
TABLE 144 BRAZIL: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 181
TABLE 145 BRAZIL: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 181
TABLE 146 BRAZIL: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 182
TABLE 147 BRAZIL: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 182
9.5.2 MEXICO 183
9.5.2.1 Favorable investment scenario for medical device manufacturers to drive market growth 183
TABLE 148 MEXICO: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 183
TABLE 149 MEXICO: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 184
TABLE 150 MEXICO: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 184
TABLE 151 MEXICO: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 185
9.5.3 REST OF LATIN AMERICA 185
TABLE 152 ROLA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 185
TABLE 153 ROLA: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 186
TABLE 154 ROLA: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 186
TABLE 155 ROLA: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 187
9.6 MIDDLE EAST & AFRICA 187
TABLE 156 MEA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT,
2019–2027 (USD MILLION) 188
TABLE 157 MEA: EP LABORATORY DEVICES MARKET, BY TYPE,
2019–2027 (USD MILLION) 188
TABLE 158 MEA: EP ABLATION CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 189
TABLE 159 MEA: EP DIAGNOSTIC CATHETERS MARKET, BY TYPE,
2019–2027 (USD MILLION) 189
TABLE 160 MEA: ELECTROPHYSIOLOGY MARKET, BY INDICATION,
2019–2027 (USD MILLION) 190
TABLE 161 MEA: ELECTROPHYSIOLOGY MARKET, BY END USER,
2019–2027 (USD MILLION) 190
10 COMPETITIVE LANDSCAPE 191
10.1 INTRODUCTION 191
FIGURE 27 KEY DEVELOPMENTS BY LEADING PLAYERS IN
ELECTROPHYSIOLOGY MARKET, 2018–2021 191
10.2 REVENUE SHARE ANALYSIS 192
FIGURE 28 REVENUE SHARE ANALYSIS OF TOP PLAYERS IN
ELECTROPHYSIOLOGY MARKET 192
10.3 MARKET SHARE ANALYSIS 193
FIGURE 29 ELECTROPHYSIOLOGY MARKET SHARE, BY KEY PLAYER, 2020 193
TABLE 162 ELECTROPHYSIOLOGY MARKET: DEGREE OF COMPETITION 193
10.4 COMPETITIVE LEADERSHIP MAPPING: COMPANY EVALUATION QUADRANT (2020) 195
10.4.1 STARS 195
10.4.2 EMERGING LEADERS 195
10.4.3 PERVASIVE PLAYERS 195
10.4.4 PARTICIPANTS 195
FIGURE 30 ELECTROPHYSIOLOGY MARKET: COMPETITIVE LEADERSHIP MAPPING (2020) 196
 
10.5 COMPETITIVE LEADERSHIP MAPPING: START-UP/SME EVALUATION QUADRANT
(AS OF 2020) 197
10.5.1 PROGRESSIVE COMPANIES 197
10.5.2 RESPONSIVE COMPANIES 197
10.5.3 DYNAMIC COMPANIES 197
10.5.4 STARTING BLOCKS 197
FIGURE 31 ELECTROPHYSIOLOGY MARKET: COMPETITIVE LEADERSHIP MAPPING (SMES/START-UPS) (2020) 198
10.6 COMPETITIVE BENCHMARKING 199
TABLE 163 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS IN ELECTROPHYSIOLOGY MARKET 199
TABLE 164 COMPANY FOOTPRINT ANALYSIS IN ELECTROPHYSIOLOGY MARKET 200
10.7 COMPETITIVE SCENARIO (2018–2021) 201
10.7.1 PRODUCT LAUNCHES 201
10.7.2 APPROVALS 202
10.7.3 DEALS 204
11 COMPANY PROFILES 208
11.1 KEY PLAYERS 208
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1 ABBOTT 208
TABLE 165 ABBOTT: BUSINESS OVERVIEW 208
FIGURE 32 ABBOTT: COMPANY SNAPSHOT (2020) 209
11.1.2 MEDTRONIC 214
TABLE 166 MEDTRONIC: BUSINESS OVERVIEW 214
FIGURE 33 MEDTRONIC: COMPANY SNAPSHOT (2021) 215
11.1.3 BOSTON SCIENTIFIC CORPORATION 220
TABLE 167 BOSTON SCIENTIFIC CORPORATION: BUSINESS OVERVIEW 220
FIGURE 34 BOSTON SCIENTIFIC CORPORATION: COMPANY SNAPSHOT (2020) 221
11.1.4 KONINKLIJKE PHILIPS N.V. 227
TABLE 168 KONINKLIJKE PHILIPS N.V.: BUSINESS OVERVIEW 227
FIGURE 35 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2020) 228
11.1.5 GE HEALTHCARE 231
TABLE 169 GE HEALTHCARE: BUSINESS OVERVIEW 231
FIGURE 36 GE HEALTHCARE: COMPANY SNAPSHOT (2020) 232
11.1.6 SIEMENS HEALTHINEERS 234
TABLE 170 SIEMENS HEALTHINEERS: BUSINESS OVERVIEW 234
FIGURE 37 SIEMENS HEALTHINEERS: COMPANY SNAPSHOT (2020) 235
11.1.7 STEREOTAXIS, INC. 237
TABLE 171 STEREOTAXIS, INC.: BUSINESS OVERVIEW 237
FIGURE 38 STEREOTAXIS: COMPANY SNAPSHOT (2020) 238
11.1.8 MERIT MEDICAL SYSTEMS 241
TABLE 172 MERIT MEDICAL SYSTEMS: BUSINESS OVERVIEW 241
FIGURE 39 MERIT MEDICAL SYSTEMS: COMPANY SNAPSHOT (2020) 242
11.1.9 ATRICURE INC. 243
TABLE 173 ATRICURE, INC.: BUSINESS OVERVIEW 243
FIGURE 40 ATRICURE, INC.: COMPANY SNAPSHOT (2020) 244
11.1.10 APN HEALTH, LLC 246
TABLE 174 APN HEALTH, LLC: BUSINESS OVERVIEW 246
11.1.11 OSYPKA MEDICAL 247
TABLE 175 OSYPKA MEDICAL: BUSINESS OVERVIEW 247
11.1.12 JAPAN LIFELINE CO., LTD. 249
TABLE 176 JAPAN LIFELINE CO., LTD.: BUSINESS OVERVIEW 249
FIGURE 41 JAPAN LIFELINE CO., LTD.: COMPANY SNAPSHOT (2020) 249
11.1.13 JOHNSON & JOHNSON 251
TABLE 177 JOHNSON & JOHNSON: BUSINESS OVERVIEW 251
FIGURE 42 JOHNSON & JOHNSON: COMPANY SNAPSHOT (2020) 252
11.1.14 BIOTRONIK 258
TABLE 178 BIOTRONIK: BUSINESS OVERVIEW 258
11.1.15 MICROPORT SCIENTIFIC CORPORATION 262
TABLE 179 MICROPORT SCIENTIFIC CORPORATION: BUSINESS OVERVIEW 262
FIGURE 43 MICROPORT SCIENTIFIC CORPORATION: COMPANY SNAPSHOT (2020) 263
11.1.16 ACUTUS MEDICAL, INC. 265
TABLE 180 ACUTUS MEDICAL, INC.: BUSINESS OVERVIEW 265
FIGURE 44 ACUTUS MEDICAL INC.: COMPANY SNAPSHOT (2020) 266
11.2 OTHER PLAYERS 269
11.2.1 LEPU MEDICAL TECHNOLOGY (BEIJING) CO., LTD. 269
11.2.2 CATHRX LTD. 270
11.2.3 COOK MEDICAL 271
11.2.4 CATHVISION APS 272
11.2.5 TZ MEDICAL 273
11.2.6 TELEFLEX INCORPORATED 274
11.2.7 IMRICOR 275
11.2.8 CARDIOFOCUS 276
11.2.9 SCHWARZER CARDIOTEK GMBH 277
11.2.10 KARDIUM 278
11.2.11 EP SOLUTIONS SA 279
11.2.12 BIOSIG TECHNOLOGIES, INC. (BSGM) 280
11.2.13 COREMAP 281
11.2.14 EPMAP SYSTEM GMBH 282
*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.
 
12 APPENDIX 283
12.1 DISCUSSION GUIDE 283
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 288
12.3 AVAILABLE CUSTOMIZATIONS 290
12.4 RELATED REPORTS 290
12.5 AUTHOR DETAILS 291

Lateral Flow Assay Components Market by Type, Application Type (Clinical Testing (Infectious, Cardiac Marker Test) Veterinary, Food Safety), Technique...

Publisher:        MarketsandMarkets

# of Pages:        224

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1 User License $4,950

Publication Date:  April, 2022

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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

US Healthcare Environmental Services Market by Type (Janitorial/Core-Cleaning, Infection Control & Prevention, Front-of-house cleaning & Brand Experie...

Publisher:        MarketsandMarkets

# of Pages:        126

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Publication Date:  March, 2022

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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