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Laboratory Freezers Market by Product(Cryopreservation, Plasma Freezer, ExplosionProof Freezer, Enzyme Freezer, Ultra-Low Freezer, Blood Bank Refriger...

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Publication Date:  August, 2021

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1 INTRODUCTION 35
1.1 OBJECTIVES OF THE STUDY 35
1.2 MARKET DEFINITION 35
1.2.1 INCLUSIONS AND EXCLUSIONS 35
1.3 MARKET SCOPE 36
1.3.1 MARKETS COVERED 36
FIGURE 1 LABORATORY FREEZERS MARKET SEGMENTATION 36
FIGURE 2 LABORATORY FREEZERS MARKET, BY REGION 36
1.3.2 YEARS CONSIDERED FOR THE STUDY 37
1.4 CURRENCY 37
TABLE 1 STANDARD CURRENCY CONVERSION RATES TO USD 37
1.5 STAKEHOLDERS 38
1.6 SUMMARY OF CHANGES 38
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH APPROACH 40
2.2 RESEARCH METHODOLOGY DESIGN 40
2.2.1 SECONDARY RESEARCH 41
2.2.1.1 Key data from secondary sources 42
2.2.2 PRIMARY DATA 42
FIGURE 2 PRIMARY SOURCES 42
2.2.2.1 Key data from primary sources 43
2.2.2.2 Insights from primary experts 44
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE
AND DEMAND-SIDE PARTICIPANTS 44
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY,
DESIGNATION, AND REGION 45
2.3 MARKET SIZE ESTIMATION: LABORATORY FREEZERS MARKET 45
FIGURE 5 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 46
FIGURE 6 REVENUE SHARE ANALYSIS ILLUSTRATION 46
FIGURE 7 REVENUE ANALYSIS OF THE TOP 3 PUBLIC COMPANIES: LABORATORY FREEZERS MARKET (2020) 47
FIGURE 8 BOTTOM-UP APPROACH: US END-USER ANALYSIS –
ADOPTION OF BLOOD BANK REFRIGERATORS BY BLOOD BANKS 48
FIGURE 9 BOTTOM-UP APPROACH: US END-USER ANALYSIS – ADOPTION PATTERN OF PLASMA FREEZERS 49
FIGURE 10 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE LABORATORY FREEZERS MARKET (2022–2026) 51
FIGURE 11 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 51
FIGURE 12 IMPACT OF COVID-19 ON GROWTH RATES (2019 VS. 2020 VS. 2021) 52
FIGURE 13 TOP-DOWN APPROACH 52
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 53
FIGURE 14 DATA TRIANGULATION METHODOLOGY 54
2.5 MARKET SHARE ESTIMATION 55
2.6 ASSUMPTIONS FOR THE STUDY 55
2.7 LIMITATIONS 56
2.7.1 METHODOLOGY-RELATED LIMITATIONS 56
2.7.2 SCOPE-RELATED LIMITATIONS 56
2.8 RISK ASSESSMENT 56
TABLE 2 RISK ASSESSMENT: LABORATORY FREEZERS MARKET 56
3 EXECUTIVE SUMMARY 57
FIGURE 15 LABORATORY FREEZERS MARKET, BY PRODUCT,
2022 VS. 2026 (USD MILLION) 57
FIGURE 16 FREEZERS MARKET, BY TYPE, 2022 VS. 2026 (USD MILLION) 58
FIGURE 17 REFRIGERATORS MARKET, BY TYPE, 2022 VS. 2026 (USD MILLION) 58
FIGURE 18 LABORATORY FREEZERS MARKET, BY END USER,
2022 VS. 2026 (USD MILLION) 59
FIGURE 19 GEOGRAPHIC SNAPSHOT: LABORATORY FREEZERS MARKET 60
4 PREMIUM INSIGHTS 61
4.1 LABORATORY FREEZERS MARKET OVERVIEW 61
FIGURE 20 GROWTH IN THE LABORATORY FREEZERS MARKET IS MAINLY DRIVEN
BY TECHNOLOGICAL ADVANCEMENTS IN LAB FREEZERS 61
4.2 NORTH AMERICA: LABORATORY FREEZERS MARKET, BY PRODUCT 62
FIGURE 21 FREEZERS COMMANDED THE LARGEST SHARE OF THE NORTH AMERICAN LABORATORY FREEZERS MARKET, BY PRODUCT, IN 2020 62
4.3 LABORATORY FREEZERS MARKET: GEOGRAPHIC MIX 63
FIGURE 22 CHINA TO WITNESS THE HIGHEST GROWTH IN THE LABORATORY FREEZERS MARKET DURING THE FORECAST PERIOD 63
4.4 REGIONAL MIX: LABORATORY FREEZERS MARKET 64
FIGURE 23 NORTH AMERICA DOMINATED THE MARKET IN 2020 64
5 MARKET OVERVIEW 65
5.1 INTRODUCTION 65
5.2 MARKET DYNAMICS 65
FIGURE 24 LABORATORY FREEZERS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 65
5.2.1 MARKET DRIVERS 66
5.2.1.1 Rollout of COVID-19 vaccines requiring freezer storage 66
5.2.1.2 Increasing demand for blood and blood components for transfusion and for support in cancer therapy 66
FIGURE 25 EUROPE: SOURCE PLASMA COLLECTIONS, 2011–2020 (LITERS) 67
FIGURE 26 US: SOURCE PLASMA COLLECTIONS, 2011–2020 (LITERS) 67
5.2.1.3 Growing number of organ transplant procedures 67
FIGURE 27 US: ORGAN TRANSPLANTS FROM DECEASED AND LIVING DONORS,
2010–2020 68
FIGURE 28 EUROPEAN UNION: NUMBER OF ORGANS TRANSPLANTED, 2010-2018 68
5.2.1.4 Technological advancements in laboratory freezers and refrigerators 68
5.2.2 MARKET RESTRAINTS 69
5.2.2.1 Growing use of refurbished laboratory freezers 69
5.2.3 MARKET OPPORTUNITIES 69
5.2.3.1 Vaccine development for emerging infectious diseases 69
5.2.3.2 Rising growth opportunities in developing countries 70
5.2.4 MARKET CHALLENGES 70
5.2.4.1 Lack of awareness of the utility of specialized lab freezers and refrigerators 70
5.3 SCENARIOS: PESSIMISTIC, REALISTIC, AND OPTIMISTIC 71
5.3.1 LABORATORY FREEZERS MARKET 71
5.4 COVID-19 IMPACT ANALYSIS 71
5.4.1 COVID-19 HEALTH ASSESSMENT 71
5.5 COVID-19 ECONOMIC ASSESSMENT 72
5.6 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 72
FIGURE 29 CRITERIA IMPACTING THE GLOBAL ECONOMY 72
5.7 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO IN THE LABORATORY FREEZERS MARKET 73
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC) 74
5.8.1 LABORATORY FREEZERS MARKET 74
5.8.1.1 Revenue sources are shifting towards more environmentally friendly and sustainable solutions 74
FIGURE 30 REVENUE SHIFT IN THE LABORATORY FREEZERS MARKET 75
5.9 AVERAGE SELLING PRICE TREND 75
TABLE 3 PRICES OF LAB FREEZERS/REFRIGERATORS (USD) 76
TABLE 4 AVERAGE PRICING OF LAB FREEZERS, BY REGION (USD) 77
5.10 ECOSYSTEM/MARKET MAP 77
TABLE 5 LABORATORY FREEZERS MARKET: ECOSYSTEM 77
5.11 VALUE CHAIN ANALYSIS 78
FIGURE 31 VALUE CHAIN ANALYSIS: LABORATORY FREEZERS MARKET 78
5.12 PATENT ANALYSIS: ULTRA-LOW-TEMPERATURE FREEZERS 79
FIGURE 32 MAJOR PATENTS FOR ULTRA-LOW-TEMPERATURE FREEZERS 79
5.13 CASE STUDY ANALYSIS 79
5.13.1 CASE STUDY: IMPACT OF ULTRA-LOW-TEMPERATURE FREEZER PERFORMANCE AND USE OF RACKING 79
5.14 TECHNOLOGICAL ANALYSIS: ULTRA-LOW-TEMPERATURE FREEZERS 80
5.14.1 KEY TECHNOLOGIES 80
5.14.1.1 Ultra-low-temperature freezer technology 80
5.14.2 ADJACENT TECHNOLOGIES 80
5.14.2.1 Cryopreservation 80
5.15 REGULATORY LANDSCAPE 81
5.15.1 US 81
5.15.2 EUROPEAN UNION 81
5.16 TRADE ANALYSIS: KEY MARKETS FOR IMPORT/EXPORT (ULTRA-LOW-TEMPERATURE FREEZERS) 82
5.16.1 EXPORT SCENARIO OF ULTRA-LOW-TEMPERATURE FREEZERS 82
FIGURE 33 EXPORTS OF ULTRA-LOW-TEMPERATURE FREEZERS, BY COUNTRY,
2019–2020 VS. 2020–2021 82
5.16.2 IMPORT SCENARIO OF ULTRA-LOW-TEMPERATURE FREEZERS 82
FIGURE 34 IMPORTS OF ULTRA-LOW-TEMPERATURE FREEZERS, BY COUNTRY,
2019–2020 VS. 2020–2021 83
5.17 PORTER’S FIVE FORCES ANALYSIS 83
FIGURE 35 PORTER’S FIVE FORCES ANALYSIS (2020): LABORATORY FREEZERS MARKET 83
TABLE 6 LABORATORY FREEZERS MARKET: PORTER’S FIVE FORCES ANALYSIS 84
5.17.1 THREAT FROM NEW ENTRANTS 84
5.17.1.1 Large number of local players in the market 84
5.17.1.2 High capital expenditure 84
5.17.2 THREAT FROM SUBSTITUTES 84
5.17.2.1 Use of commercial refrigerators/freezers 84
5.17.2.2 Dry ice as an alternative to ultra-low-temperature freezers 84
5.17.3 BARGAINING POWER OF SUPPLIERS 85
5.17.3.1 Presence of a large number of suppliers & low switching costs 85
5.17.4 BARGAINING POWER OF BUYERS 85
5.17.4.1 Buyer focus on quality, sustainability, and maintenance support 85
5.17.5 INTENSITY OF COMPETITIVE RIVALRY 85
5.17.5.1 Similar products offered by market players 85
6 LABORATORY FREEZERS MARKET, BY PRODUCT 86
6.1 INTRODUCTION 87
TABLE 7 LABORATORY FREEZERS MARKET, BY PRODUCT, 2019–2021 (USD MILLION) 87
TABLE 8 LABORATORY FREEZERS MARKET, BY PRODUCT, 2022–2026 (USD MILLION) 87
TABLE 9 LABORATORY FREEZERS MARKET, BY COUNTRY, 2019–2021(USD MILLION) 88
TABLE 10 LABORATORY FREEZERS MARKET, BY COUNTRY, 2022–2026 (USD MILLION) 88
6.2 FREEZERS 89
TABLE 11 FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 89
TABLE 12 FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 89
6.2.1 ULTRA-LOW-TEMPERATURE FREEZERS 90
6.2.1.1 Rising demand for ultra-low-temperature freezers for COVID-19 vaccine storage to drive market growth 90
TABLE 13 ULTRA-LOW-TEMPERATURE FREEZERS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 91
TABLE 14 ULTRA-LOW-TEMPERATURE FREEZERS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 92
6.2.2 LABORATORY FREEZERS 92
6.2.2.1 Growing number of diagnostic tests to support the growth of the laboratory freezers market 92
TABLE 15 LABORATORY FREEZERS MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 93
TABLE 16 LABORATORY FREEZERS MARKET, BY REGION, 2022–2026 (USD MILLION) 93
6.2.3 PLASMA FREEZERS 94
6.2.3.1 Increasing demand for plasma in therapeutic and research applications to drive growth in this market 94
TABLE 17 PLASMA FREEZERS MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 94
TABLE 18 PLASMA FREEZERS MARKET, BY COUNTRY, 2022–2026 (USD MILLION) 95
6.2.4 ENZYME FREEZERS 95
6.2.4.1 Growing use of enzymes in research and biotechnology applications to drive market growth 95
TABLE 19 ENZYME FREEZERS MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 96
TABLE 20 ENZYME FREEZERS MARKET, BY COUNTRY, 2022–2026 (USD MILLION) 96
6.2.5 EXPLOSION-PROOF FREEZERS 97
6.2.5.1 Growing awareness and safety concerns in hazardous laboratory settings to boost the growth of this market 97
TABLE 21 EXPLOSION-PROOF FREEZERS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 97
TABLE 22 EXPLOSION-PROOF FREEZERS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 98
6.2.6 FLAMMABLE MATERIAL FREEZERS 98
6.2.6.1 Need to maintain a safe environment to ensure sample integrity of valuable flammables to boost the growth of this market 98
TABLE 23 FLAMMABLE MATERIAL FREEZERS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 99
TABLE 24 FLAMMABLE MATERIAL FREEZERS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 99
6.3 REFRIGERATORS 100
TABLE 25 REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 100
TABLE 26 REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 100
TABLE 27 REFRIGERATORS MARKET, BY COUNTRY, 2019–2021(USD MILLION) 101
TABLE 28 REFRIGERATORS MARKET, BY COUNTRY, 2022–2026 (USD MILLION) 101
6.3.1 LABORATORY REFRIGERATORS 102
6.3.1.1 Need to meet routine laboratory storage requirements and simplify laboratory operations to drive the growth of this market 102
TABLE 29 LABORATORY REFRIGERATORS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 102
TABLE 30 LABORATORY REFRIGERATORS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 103
6.3.2 BLOOD BANK REFRIGERATORS 103
6.3.2.1 Need for blood and blood products for transfusion during surgical procedures to promote the growth of this segment 103
TABLE 31 BLOOD BANK REFRIGERATORS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 104
TABLE 32 BLOOD BANK REFRIGERATORS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 105
6.3.3 PHARMACY REFRIGERATORS 105
6.3.3.1 Development of an increasing number of innovative drug formulations that require storage under specific temperature conditions is driving the demand for pharmacy refrigerators 105
TABLE 33 PHARMACY REFRIGERATORS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 106
TABLE 34 PHARMACY REFRIGERATORS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 106
6.3.4 FLAMMABLE MATERIAL REFRIGERATORS 107
6.3.4.1 Rising awareness on safety standards and practices in the use of flammable materials to drive growth in this market segment 107
TABLE 35 FLAMMABLE MATERIAL REFRIGERATORS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 107
TABLE 36 FLAMMABLE MATERIAL REFRIGERATORS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 108
6.3.5 EXPLOSION-PROOF REFRIGERATORS 108
6.3.5.1 Increasing awareness on the importance of maintaining safety in the laboratory workplace to drive the growth of this market 108
TABLE 37 EXPLOSION-PROOF REFRIGERATORS MARKET, BY COUNTRY,
2019–2021(USD MILLION) 109
TABLE 38 EXPLOSION-PROOF REFRIGERATORS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 109
6.3.6 CHROMATOGRAPHY REFRIGERATORS 110
6.3.6.1 Growing number of pharmaceutical and biotechnology companies to propel the growth of the market 110
TABLE 39 CHROMATOGRAPHY REFRIGERATORS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 110
TABLE 40 CHROMATOGRAPHY REFRIGERATORS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 111
6.4 CRYOPRESERVATION SYSTEMS 111
6.4.1 NEED FOR APPROPRIATE CRYOPRESERVATION STORAGE SYSTEMS TO ENSURE SAMPLE INTEGRITY TO DRIVE THE GROWTH OF THIS SEGMENT 111
TABLE 41 CRYOPRESERVATION SYSTEMS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 112
TABLE 42 CRYOPRESERVATION SYSTEMS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 113
7 LABORATORY FREEZERS MARKET, BY END USER 114
7.1 INTRODUCTION 115
TABLE 43 LABORATORY FREEZERS MARKET, BY END USER, 2019–2021(USD MILLION) 115
TABLE 44 LABORATORY FREEZERS MARKET, BY END USER, 2022–2026 (USD MILLION) 116
7.2 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES 116
7.2.1 HIGH DEMAND FOR TEMPERATURE-CONTROLLED STORAGE OF PHARMACEUTICALS AND BIOLOGICAL MOLECULES IN THIS END-USER SEGMENT TO DRIVE MARKET GROWTH 116
TABLE 45 LABORATORY FREEZERS MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY COUNTRY, 2019–2021 (USD MILLION) 117
TABLE 46 LABORATORY FREEZERS MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY COUNTRY, 2022–2026 (USD MILLION) 118
7.3 BLOOD BANKS 118
7.3.1 INCREASING DEMAND FOR WHOLE BLOOD AND BLOOD PRODUCTS DRIVING THE GROWTH OF THIS END-USER SEGMENT 118
TABLE 47 LABORATORY FREEZERS MARKET FOR BLOOD BANKS, BY COUNTRY,
2019–2021 (USD MILLION) 119
TABLE 48 LABORATORY FREEZERS MARKET FOR BLOOD BANKS, BY COUNTRY,
2022–2026 (USD MILLION) 119
7.4 PHARMACIES 120
7.4.1 NEED FOR PROPER STORAGE OF VACCINES TO PROPEL THE GROWTH OF THIS END-USER SEGMENT 120
TABLE 49 LABORATORY FREEZERS MARKET FOR PHARMACIES, BY COUNTRY,
2019–2021 (USD MILLION) 121
TABLE 50 LABORATORY FREEZERS MARKET FOR PHARMACIES, BY COUNTRY,
2022–2026 (USD MILLION) 122
7.5 ACADEMIC & RESEARCH INSTITUTES 122
7.5.1 FOCUS ON COVID-19 RESEARCH HAS BOOSTED THE GROWTH OF THIS END-USER SEGMENT 122
TABLE 51 LABORATORY FREEZERS MARKET FOR ACADEMIC & RESEARCH INSTITUTES, BY COUNTRY, 2019–2021 (USD MILLION) 123
TABLE 52 LABORATORY FREEZERS MARKET FOR ACADEMIC & RESEARCH INSTITUTES, BY COUNTRY, 2022–2026 (USD MILLION) 123
7.6 HOSPITALS 124
7.6.1 INCREASING GOVERNMENT SUPPORT FOR PUBLIC HOSPITALS AND IMPROVEMENTS IN HEALTHCARE INFRASTRUCTURE TO DRIVE GROWTH IN THIS END-USER SEGMENT 124
TABLE 53 LABORATORY FREEZERS MARKET FOR HOSPITALS, BY COUNTRY,
2019–2021 (USD MILLION) 125
TABLE 54 LABORATORY FREEZERS MARKET FOR HOSPITALS, BY COUNTRY,
2022–2026 (USD MILLION) 126
7.7 MEDICAL LABORATORIES 126
7.7.1 RISING VOLUME OF DIAGNOSTIC TESTING IN LABORATORIES TO PROMOTE THE GROWTH OF THIS END-USER SEGMENT 126
TABLE 55 LABORATORY FREEZERS MARKET FOR MEDICAL LABORATORIES,
BY COUNTRY, 2019–2021(USD MILLION) 127
TABLE 56 LABORATORY FREEZERS MARKET FOR MEDICAL LABORATORIES,
BY COUNTRY, 2022–2026 (USD MILLION) 128
8 LABORATORY FREEZERS MARKET, BY REGION 129
8.1 INTRODUCTION 130
TABLE 57 LABORATORY FREEZERS MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 130
TABLE 58 LABORATORY FREEZERS MARKET, BY COUNTRY, 2022–2026 (USD MILLION) 131
FIGURE 36 GEOGRAPHIC SNAPSHOT OF THE LABORATORY FREEZERS MARKET 132
 
8.2 NORTH AMERICA 132
FIGURE 37 NORTH AMERICA: LABORATORY FREEZERS MARKET SNAPSHOT 133
TABLE 59 NORTH AMERICA: LABORATORY FREEZERS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 134
TABLE 60 NORTH AMERICA: LABORATORY FREEZERS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 134
TABLE 61 NORTH AMERICA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 134
TABLE 62 NORTH AMERICA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 135
TABLE 63 NORTH AMERICA: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 135
TABLE 64 NORTH AMERICA: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 135
TABLE 65 NORTH AMERICA: FREEZERS MARKET, BY TYPE,
2019–2021 (THOUSAND UNITS) 136
TABLE 66 NORTH AMERICA: FREEZERS MARKET, BY TYPE,
2022–2026 (THOUSAND UNITS) 136
TABLE 67 NORTH AMERICA: REFRIGERATORS MARKET, BY TYPE,
2019–2021 (USD MILLION) 137
TABLE 68 NORTH AMERICA: REFRIGERATORS MARKET, BY TYPE,
2022–2026 (USD MILLION) 137
TABLE 69 NORTH AMERICA: REFRIGERATORS MARKET, BY TYPE,
2019–2021 (THOUSAND UNITS) 137
TABLE 70 NORTH AMERICA: REFRIGERATORS MARKET, BY TYPE,
2022–2026 (THOUSAND UNITS) 138
TABLE 71 NORTH AMERICA: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 138
TABLE 72 NORTH AMERICA: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 138
8.2.1 US 139
8.2.1.1 Growth in the pharmaceutical industry and rising R&D investments to drive market growth in the US 139
TABLE 73 US: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 139
TABLE 74 US: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 139
TABLE 75 US: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 140
TABLE 76 US: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 140
TABLE 77 US: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 140
TABLE 78 US: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 141
TABLE 79 US: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021(USD MILLION) 141
TABLE 80 US: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 141
8.2.2 CANADA 142
8.2.2.1 Government funding for research activities and growth in the R&D pharmaceutical sector to boost the laboratory freezers market in Canada 142
TABLE 81 CANADA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 142
TABLE 82 CANADA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 142
TABLE 83 CANADA: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 143
TABLE 84 CANADA: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 143
TABLE 85 CANADA: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 143
TABLE 86 CANADA: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 144
TABLE 87 CANADA: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021(USD MILLION) 144
TABLE 88 CANADA: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 144
8.3 EUROPE 145
TABLE 89 EUROPE: LABORATORY FREEZERS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 145
TABLE 90 EUROPE: LABORATORY FREEZERS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 145
TABLE 91 EUROPE: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 146
TABLE 92 EUROPE: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 146
TABLE 93 EUROPE: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 146
TABLE 94 EUROPE: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 147
TABLE 95 EUROPE: FREEZERS MARKET, BY TYPE, 2019–2021 (THOUSAND UNITS) 147
TABLE 96 EUROPE: FREEZERS MARKET, BY TYPE, 2022–2026 (THOUSAND UNITS) 147
TABLE 97 EUROPE: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 148
TABLE 98 EUROPE: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 148
TABLE 99 EUROPE: REFRIGERATORS MARKET, BY TYPE,
2019–2021 (THOUSAND UNITS) 148
TABLE 100 EUROPE: REFRIGERATORS MARKET, BY TYPE,
2022–2026 (THOUSAND UNITS) 149
TABLE 101 EUROPE: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 149
TABLE 102 EUROPE: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 149
8.3.1 GERMANY 150
8.3.1.1 Favorable public funding and R&D investments to boost the growth of the laboratory freezers market in Germany 150
TABLE 103 GERMANY: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021(USD MILLION) 150
TABLE 104 GERMANY: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 150
TABLE 105 GERMANY: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 151
TABLE 106 GERMANY: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 151
TABLE 107 GERMANY: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 151
TABLE 108 GERMANY: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 152
TABLE 109 GERMANY: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 152
TABLE 110 GERMANY: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 152
8.3.2 FRANCE 153
8.3.2.1 Growing biotech and pharma industry in the country to promote the growth of the laboratory freezers market 153
TABLE 111 FRANCE: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 153
TABLE 112 FRANCE: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 153
TABLE 113 FRANCE: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 154
TABLE 114 FRANCE: LABORATORY FREEZERS MARKET, BY TYPE,
2022–2026 (USD MILLION) 154
TABLE 115 FRANCE: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 154
TABLE 116 FRANCE: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 155
TABLE 117 FRANCE: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 155
TABLE 118 FRANCE: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 155
8.3.3 UK 156
8.3.3.1 COVID-19 vaccination programs to boost the growth of the laboratory freezers market in the country 156
TABLE 119 UK: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 156
TABLE 120 UK: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 156
TABLE 121 UK: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 157
TABLE 122 UK: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 157
TABLE 123 UK: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 157
TABLE 124 UK: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 158
TABLE 125 UK: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 158
TABLE 126 UK: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 158
8.3.4 ITALY 159
8.3.4.1 Significant growth of the pharmaceutical industry in the country to propel the growth of the laboratory freezers market 159
TABLE 127 ITALY: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 159
TABLE 128 ITALY: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 159
TABLE 129 ITALY: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 160
TABLE 130 ITALY: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 160
TABLE 131 ITALY: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 160
TABLE 132 ITALY: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 161
TABLE 133 ITALY: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 161
TABLE 134 ITALY: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 161
8.3.5 SPAIN 162
8.3.5.1 Economic crisis and debt in the country to inhibit the demand for high-priced lab freezers 162
TABLE 135 SPAIN: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 162
TABLE 136 SPAIN: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 162
TABLE 137 SPAIN: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 163
TABLE 138 SPAIN: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 163
TABLE 139 SPAIN: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 163
TABLE 140 SPAIN: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 164
TABLE 141 SPAIN: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 164
TABLE 142 SPAIN: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 164
8.3.6 REST OF EUROPE 165
TABLE 143 ROE: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 165
TABLE 144 ROE: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 165
TABLE 145 ROE: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 166
TABLE 146 ROE: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 166
TABLE 147 ROE: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 166
TABLE 148 ROE: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 167
TABLE 149 ROE: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 167
TABLE 150 ROE: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 168
8.4 ASIA PACIFIC 168
FIGURE 38 ASIA PACIFIC: LABORATORY FREEZERS MARKET SNAPSHOT 169
TABLE 151 APAC: LABORATORY FREEZERS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 170
TABLE 152 APAC: LABORATORY FREEZERS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 170
TABLE 153 APAC: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 170
TABLE 154 APAC: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 171
TABLE 155 APAC: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 171
TABLE 156 APAC: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 171
TABLE 157 APAC: FREEZERS MARKET, BY TYPE, 2019–2021 (THOUSAND UNITS) 172
TABLE 158 APAC: FREEZERS MARKET, BY TYPE, 2022–2026 (THOUSAND UNITS) 172
TABLE 159 APAC: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 172
TABLE 160 APAC: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 173
TABLE 161 APAC: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (THOUSAND UNITS) 173
TABLE 162 APAC: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (THOUSAND UNITS) 173
TABLE 163 APAC: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 174
TABLE 164 APAC: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 174
8.4.1 JAPAN 174
8.4.1.1 Growing aging population in the country and rapidly growing pharmaceutical industry to propel growth in the laboratory freezers market 174
TABLE 165 JAPAN: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 175
TABLE 166 JAPAN: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 175
TABLE 167 JAPAN: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 175
TABLE 168 JAPAN: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 176
TABLE 169 JAPAN: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 176
TABLE 170 JAPAN: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 176
TABLE 171 JAPAN: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 177
TABLE 172 JAPAN: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 177
8.4.2 CHINA 177
8.4.2.1 Fast-growing pharmaceutical sector and favorable government policies to drive the growth of this market 177
TABLE 173 CHINA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 178
TABLE 174 CHINA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 178
TABLE 175 CHINA: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 178
TABLE 176 CHINA: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 179
TABLE 177 CHINA: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 179
TABLE 178 CHINA: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 179
TABLE 179 CHINA: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 180
TABLE 180 CHINA: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 180
8.4.3 INDIA 180
8.4.3.1 Flourishing pharma and biotech industry to encourage the growth of the laboratory freezers market in India 180
TABLE 181 INDIA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 181
TABLE 182 INDIA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 181
TABLE 183 INDIA: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 182
TABLE 184 INDIA: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 182
TABLE 185 INDIA: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 182
TABLE 186 INDIA: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 183
TABLE 187 INDIA: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 183
TABLE 188 INDIA: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 183
8.4.4 REST OF ASIA PACIFIC 184
TABLE 189 ROAPAC: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 184
TABLE 190 ROAPAC: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 184
TABLE 191 ROAPAC: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 185
TABLE 192 ROAPAC: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 185
TABLE 193 ROAPAC: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 185
TABLE 194 ROAPAC: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 186
TABLE 195 ROAPAC: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 186
TABLE 196 ROAPAC: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 186
8.5 LATIN AMERICA 187
TABLE 197 LATIN AMERICA: LABORATORY FREEZERS MARKET, BY COUNTRY,
2019–2021 (USD MILLION) 187
TABLE 198 LATIN AMERICA: LABORATORY FREEZERS MARKET, BY COUNTRY,
2022–2026 (USD MILLION) 187
TABLE 199 LATIN AMERICA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 187
TABLE 200 LATIN AMERICA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 188
TABLE 201 LATIN AMERICA: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 188
TABLE 202 LATIN AMERICA: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 188
TABLE 203 LATIN AMERICA: FREEZERS MARKET, BY TYPE,
2019–2021 (THOUSAND UNITS) 189
TABLE 204 LATIN AMERICA: FREEZERS MARKET, BY TYPE,
2022–2026 (THOUSAND UNITS) 189
TABLE 205 LATIN AMERICA: REFRIGERATORS MARKET, BY TYPE,
2019–2021 (USD MILLION) 190
TABLE 206 LATIN AMERICA: REFRIGERATORS MARKET, BY TYPE,
2022–2026 (USD MILLION) 190
TABLE 207 LATIN AMERICA: REFRIGERATORS MARKET, BY TYPE,
2019–2021 (THOUSAND UNITS) 190
TABLE 208 LATIN AMERICA: REFRIGERATORS MARKET, BY TYPE,
2022–2026 (THOUSAND UNITS) 191
TABLE 209 LATIN AMERICA: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 191
TABLE 210 LATIN AMERICA: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 191
8.5.1 BRAZIL 192
8.5.1.1 Growth in scientific research and increasing public investments to drive market growth in Brazil 192
TABLE 211 BRAZIL: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 192
TABLE 212 BRAZIL: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 192
TABLE 213 BRAZIL: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 193
TABLE 214 BRAZIL: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 193
TABLE 215 BRAZIL: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 193
TABLE 216 BRAZIL: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 194
TABLE 217 BRAZIL: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 194
TABLE 218 BRAZIL: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 194
8.5.2 MEXICO 195
8.5.2.1 Large number of hospitals and healthcare facilities to boost the growth of the laboratory freezers market in Mexico 195
TABLE 219 MEXICO: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 195
TABLE 220 MEXICO: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 195
TABLE 221 MEXICO: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 196
TABLE 222 MEXICO: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 196
TABLE 223 MEXICO: REFRIGERATORS MARKET, BY TYPE, 2019–2021(USD MILLION) 196
TABLE 224 MEXICO: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 197
TABLE 225 MEXICO: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 197
TABLE 226 MEXICO: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 197
8.5.3 REST OF LATIN AMERICA (ROLA) 198
TABLE 227 ROLA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2019–2021 (USD MILLION) 198
TABLE 228 ROLA: LABORATORY FREEZERS MARKET, BY PRODUCT,
2022–2026 (USD MILLION) 198
TABLE 229 ROLA: FREEZERS MARKET, BY TYPE, 2019–2021 (USD MILLION) 198
TABLE 230 ROLA: FREEZERS MARKET, BY TYPE, 2022–2026 (USD MILLION) 199
TABLE 231 ROLA: REFRIGERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION) 199
TABLE 232 ROLA: REFRIGERATORS MARKET, BY TYPE, 2022–2026 (USD MILLION) 199
TABLE 233 ROLA: LABORATORY FREEZERS MARKET, BY END USER,
2019–2021 (USD MILLION) 200
TABLE 234 ROLA: LABORATORY FREEZERS MARKET, BY END USER,
2022–2026 (USD MILLION) 200
8.6 MIDDLE EAST & AFRICA 200
8.6.1 GROWING AWARENESS OF HEALTHCARE AND RISING HEALTHCARE EXPENDITURE TO ENCOURAGE MARKET GROWTH 200
TABLE 235 MIDDLE EAST & AFRICA: LABORATORY FREEZERS MARKET, BY PRODUCT, 2019–2021 (USD MILLION) 201
TABLE 236 MIDDLE EAST & AFRICA: LABORATORY FREEZERS MARKET, BY PRODUCT, 2022–2026 (USD MILLION) 201
TABLE 237 MIDDLE EAST & AFRICA: FREEZERS MARKET, BY TYPE,
2019–2021 (USD MILLION) 201
TABLE 238 MIDDLE EAST & AFRICA: FREEZERS MARKET, BY TYPE,
2022–2026 (USD MILLION) 202
TABLE 239 MIDDLE EAST & AFRICA: FREEZERS MARKET, BY TYPE,
2019–2021 (THOUSAND UNITS) 202
TABLE 240 MIDDLE EAST & AFRICA: FREEZERS MARKET, BY TYPE,
2022–2026 (THOUSAND UNITS) 202
TABLE 241 MIDDLE EAST & AFRICA: REFRIGERATORS MARKET, BY TYPE,
2019–2021 (USD MILLION) 203
TABLE 242 MIDDLE EAST & AFRICA: REFRIGERATORS MARKET, BY TYPE,
2022–2026 (USD MILLION) 203
TABLE 243 MIDDLE EAST & AFRICA: REFRIGERATORS MARKET, BY TYPE,
2019–2021 (THOUSAND UNITS) 203
TABLE 244 MIDDLE EAST & AFRICA: REFRIGERATORS MARKET, BY TYPE,
2022–2026 (THOUSAND UNITS) 204
TABLE 245 MIDDLE EAST & AFRICA: LABORATORY FREEZERS MARKET, BY END USER, 2019–2021 (USD MILLION) 204
TABLE 246 MIDDLE EAST & AFRICA: LABORATORY FREEZERS MARKET, BY END USER, 2022–2026 (USD MILLION) 205

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

Publisher:        MarketsandMarkets

# of Pages:        224

Rating: 

1 User License $4,950

Publication Date:  April, 2022

Price:       $4,950 / User License




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

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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