Analysts’ Viewpoint on U.S. ASRs and RUOs Market
Continuous R&D efforts to reduce morbidity and mortality associated with coronavirus has heightened the demand for diagnostic testing with ASRs & RUOs. The human healthcare segment was found to dominate the revenue share among all end-use applications in the market in 2020. This segment is estimated to register high market attractiveness index by 2031. The segment is anticipated to expand at high CAGR throughout the assessment period. The segment’s dominance can be attributed to increase the use of ASRs and RUOs in specific disease diagnosis, new product development, and increase in research & development activities. Even though the U.S. ASRs and RUOs market is positioned for healthy growth during the forecast period, stakeholders need to seek clarity about stringent regulations regarding commercially distributed ASRs. Hence, stakeholders in the U.S. ASRs and RUOs market should adhere to FDA guidelines and seek clarification of international healthcare organizations to bolster their credibility credentials.
The increase in usage of ASRs (Analyte Specific Reagents) in diagnostic testing helps healthcare providers screen for or monitor specific diseases or conditions. It also helps assess patient health to make clinical decisions for patient care. Companies are increasing research in ASR adenovirus probe and ASR adenovirus primer that are used for in-vitro detection of human adenovirus (HAdV)-specific DNA with the help of real-time polymerase chain reaction (PCR).
Rise in usage of ASRs in various diagnostic applications is expected to boost the growth of the ASRs and RUOs market in the U.S. during the forecast period.
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ASRs are playing an instrumental role in early development and regulation of diagnostic testing for COVID-19. Such findings are translating into revenue opportunities for healthcare stakeholders. Diagnostic testing is a critical part of the public health response and clinical management of COVID-19, the disease caused by the SARS-CoV-2 virus. In an effort to facilitate the expansion of testing capacity as the first cases of community spread were confirmed in the United States, the Food and Drug Administration (FDA) announced a new COVID 19 diagnostics policy. The new policy, issued via agency guidance and effective immediately, allowed certain laboratories that had developed & validated their own COVID-19 diagnostic to begin to use the test prior to receiving an Emergency Use Authorization (EUA) from the agency.
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ASRs are antibodies, both polyclonal and monoclonal, specific receptor proteins, ligands, nucleic acid sequences, and similar reagents, which, through specific binding or chemical reaction with substances in a specimen, are intended for use in a diagnostic application for identification & quantification of an individual chemical substance or ligand in biological specimens.
Research use only (RUO) means research that is not for profit, internal research, or research for evaluation purposes. Research use only specifically excludes using the product by the licensee in any activity for consideration. According to Transparency Market Research (TMR), the U.S. ASRs and RUOs market is projected to expand at a modest CAGR during the forecast period. Technological advancements are anticipated to drive the U.S. ASRs and RUOs market during the forecast period.
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The U.S. ASRs and RUOs market has witnessed robust growth in the last decade. Technological developments in the field of biotechnology and life sciences are steering the growth of the market. Advancement in technology has expanded the application areas of biotechnology and life sciences, thereby fueling revenue growth of the U.S. ASRs and RUOs market.
The rise in prevalence of infectious diseases, cancer, and hereditary diseases is boosting the demand for diagnostic tools. The surge in use of diagnostic tools such as polymerase chain reaction, hematology, and immunoassay are augmenting the growth of the market.
Technological advancements in the field of cell and tissue culture has increased the usage of ASRs in the areas of microbiology, antibiotics, and diagnostic testing. Moreover, ongoing research & development (R&D) and increase in demand for innovative and breakthrough technologies are propelling income avenues in the U.S. ASRs and RUOs market.
RUO means an in-vitro diagnostic product that is in the laboratory research phase of development and is being shipped or delivered for an investigation. Certain products, such as instruments, systems, and reagents, are considered under for research use only products segment.
These products are used to carry out research and not the object of the research. These include products intended for use in discovering and developing medical knowledge related to human diseases and conditions. For instance, instruments and reagents intended for use in research attempting to isolate a gene linked with a particular disease could be labeled for research use only when such instruments & reagents are not intended to produce results for clinical use.
Attribute |
Detail |
Market Size Value in 2020 (Base Year) |
US$ 3.6 Bn |
Market Forecast Value in 2031 |
US$ 5.3 Bn |
Growth Rate (CAGR) |
4.7% |
Forecast Period |
2017–2031 |
Quantitative Units |
US$ Bn for Value |
Market Analysis |
It includes cross segment analysis at regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, pricing analysis, and parent industry overview. |
Format |
Electronic (PDF) |
Market Segmentation |
|
Companies Profiled |
|
Customization Scope |
Available upon request |
Pricing |
Available upon request |
U.S. ASRs and RUOs Market – Segmentation
TMR’s study on the ASRs and RUOs market includes information divided into two segments: product type and end-user by application.
Product Type |
|
End-user by Application |
|
ASRs and RUOs market in U.S. to surpass the value of US$ 5.3 Bn by the end of 2031
ASRs and RUOs market in U.S. to expand at a CAGR of 4.7% from 2021 to 2031
ASRs and RUOs market in U.S. is driven by Rise in Usage of ASRs in Various Diagnostic Applications
The human healthcare segment dominated the U.S. ASRs and RUOs market and the trend is projected to continue during the forecast period
Key players in the ASRs and RUOs market in U.S. include BioLegend, Inc., ELITechGroup, BD, bioMerieux, Inc., Genetic Signatures, Thermo Fisher Scientific, Inc.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: U.S. ASRs and RUOs Market
4. Market Overview
4.1. Introduction
4.1.1. Product Type Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. U.S. ASRs and RUOs Market Analysis and Forecast, 2017–2031
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. General Purpose Reagents Uses in Lab-developed Tests: Overview
5.2. General Purpose Reagents Market: Federal Oversight of Diagnostic Tests
5.3. Porters Five Forces Model
5.4. Regulatory Scenario: U.S. ASRs and RUOs Market
5.5. COVID-19 Pandemic Impact on Industry
6. U.S. ASRs and RUOs Market Analysis and Forecast, By Product Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Product Type, 2017–2031
6.3.1. Analyte Specific Reagents
6.3.2. Research Use Only Products
6.4. Market Attractiveness Analysis, By Product Type
7. U.S. ASRs and RUOs Market Analysis and Forecast, By End-user by Application
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by End-user by Application, 2017–2031
7.3.1. Human Healthcare
7.3.2. Veterinary
7.3.3. Environmental
7.3.4. Food Industry
7.3.5. Academic & Research Institutes
7.3.6. Others
7.4. Market Attractiveness Analysis, By End-user by Application
8. Competition Landscape
8.1. Competitive Business Strategies
8.2. Company Profiles
8.2.1. BioLegend, Inc.
8.2.1.1. Company Description
8.2.1.2. Business Overview
8.2.1.3. Financial Overview
8.2.1.4. Strategic Overview
8.2.1.5. SWOT Analysis
8.2.2. ELITechGroup
8.2.2.1. Company Description
8.2.2.2. Business Overview
8.2.2.3. Financial Overview
8.2.2.4. Strategic Overview
8.2.2.5. SWOT Analysis
8.2.3. BD
8.2.3.1. Company Description
8.2.3.2. Business Overview
8.2.3.3. Financial Overview
8.2.3.4. Strategic Overview
8.2.3.5. SWOT Analysis
8.2.4. bioMerieux, Inc.
8.2.4.1. Company Description
8.2.4.2. Business Overview
8.2.4.3. Financial Overview
8.2.4.4. Strategic Overview
8.2.4.5. SWOT Analysis
8.2.5. Genetic Signatures
8.2.5.1. Company Description
8.2.5.2. Business Overview
8.2.5.3. Financial Overview
8.2.5.4. Strategic Overview
8.2.5.5. SWOT Analysis
8.2.6. Thermo Fisher Scientific, Inc.
8.2.6.1. Company Description
8.2.6.2. Business Overview
8.2.6.3. Financial Overview
8.2.6.4. Strategic Overview
8.2.6.5. SWOT Analysis
8.2.7. Danaher Corporation
8.2.7.1. Company Description
8.2.7.2. Business Overview
8.2.7.3. Financial Overview
8.2.7.4. Strategic Overview
8.2.7.5. SWOT Analysis
8.2.8. DiaSorin Molecular LLC
8.2.8.1. Company Description
8.2.8.2. Business Overview
8.2.8.3. Financial Overview
8.2.8.4. Strategic Overview
8.2.8.5. SWOT Analysis
8.2.9. LGC Biosearch Technologies
8.2.9.1. Company Description
8.2.9.2. Business Overview
8.2.9.3. Financial Overview
8.2.9.4. Strategic Overview
8.2.9.5. SWOT Analysis
8.2.10. altona Diagnostics GmbH
8.2.10.1. Company Description
8.2.10.2. Business Overview
8.2.10.3. Financial Overview
8.2.10.4. Strategic Overview
8.2.10.5. SWOT Analysis
8.2.11. QIAGEN
8.2.11.1. Company Description
8.2.11.2. Business Overview
8.2.11.3. Financial Overview
8.2.11.4. Strategic Overview
8.2.11.5. SWOT Analysis
List of Tables
Table 01: General Purpose Reagents Market: Federal Oversight of Diagnostic Tests
Table 02: U.S. ASRs and RUOs Market Value (US$ Mn) Forecast, by Product Type, 2017–2031
Table 03: U.S. ASRs and RUOs Market Value (US$ Mn) Forecast, by End-user by Application, 2017–2031
Table 04: U.S. ASRs and RUOs Market Value (US$ Mn) Forecast, by Human Healthcare, 2017–2031
Table 05: U.S. ASRs and RUOs Market Value (US$ Mn) Forecast, by Veterinary, 2017–2031
Table 06: U.S. ASRs and RUOs Market Value (US$ Mn) Forecast, by Environmental, 2017–2031
Table 07: U.S. ASRs and RUOs Market Value (US$ Mn) Forecast, by Food Industry, 2017–2031
Table 08: U.S. ASRs and RUOs Market Value (US$ Mn) Forecast, by Academic & Research Institutes, 2017–2031
List of Figures
Figure 01: U.S. ASRs and RUOs Market Value (US$ Mn) Forecast, 2017–2031
Figure 02: U.S. ASRs and RUOs Market Value Share, by Product Type, 2020
Figure 03: U.S. ASRs and RUOs Market Value Share, by End-user by Application, 2020
Figure 04: U.S. General Purpose Reagents Market Value (US$ Mn) Forecast, 2017–2031
Figure 05: Total Number of Covid-19 Cases by Highly Impacted States in U.S.
Figure 06: Confirmed Total Cases in Different Countries (2020)
Figure 07: Cumulative Total Confirmed & Death Cases Across Countries
Figure 08: Total Recovered Cases Across Countries (2020)
Figure 09: U.S. ASRs and RUOs Market Value Share Analysis, by Product Type , 2020 and 2031
Figure 10: U.S. ASRs and RUOs Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 11: U.S. ASRs and RUOs Market Revenue (US$ Mn), by Analyte Specific Reagents, 2017–2031
Figure 12: U.S. ASRs and RUOs Market Revenue (US$ Mn), by Research Use Only Products, 2017–2031
Figure 13: U.S. ASRs and RUOs Market Value Share Analysis, by End-user by Application, 2020 and 2031
Figure 14: U.S. ASRs and RUOs Market Attractiveness Analysis, by End-user by Application, 2021–2031
Figure 15: U.S. ASRs and RUOs Market Revenue (US$ Mn), by Human Healthcare, 2017–2031
Figure 16: U.S. ASRs and RUOs Market Revenue (US$ Mn), by Veterinary, 2017–2031
Figure 17: U.S. ASRs and RUOs Market Revenue (US$ Mn), by Environmental, 2017–2031
Figure 18: U.S. ASRs and RUOs Market Revenue (US$ Mn), by Food Industry, 2017–2031
Figure 19: U.S. ASRs and RUOs Market Revenue (US$ Mn), by Academic & Research Institutes, 2017–2031
Figure 20: U.S. ASRs and RUOs Market Revenue (US$ Mn), by Others, 2017–2031