The Global Lateral Flow Assay Market size is estimated to grow at a CAGR of around 3.4% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global Lateral Flow Assay Market Driver:
Growing Prevalence of Infectious Diseases to Result in Increased Demand for Point-of-Care Testing – There is a huge burden of infectious diseases, including respiratory infections, gastrointestinal infections, etc., across the globe. Being a fast & cost-effective method to detect infectious agents rapidly, the demand for lateral flow assays as solutions has also increased simultaneously. Also, HIV, the deadly disease, has claimed the lives of many across the world and has thereby necessitated the early and regular testing of HIV via lateral flow assays to improve the survival rate of patients with proper disease management.
Furthermore, there has been a significant increase in the demand for point-of-care testing offered by lateral flow assays, particularly in remote or resource-limited settings, where a rise in the prevalence of infectious diseases has been witnessed, and quick & convenient diagnostic results were crucial at the patient’s location, thereby driving the growth of the overall Lateral Flow Assay Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Lateral Flow Assay Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Product
- Kits & Reagents- Market Size & Forecast 2019-2030, USD Million
- Lateral Flow Readers- Market Size & Forecast 2019-2030, USD Million
- Benchtop Readers- Market Size & Forecast 2019-2030, USD Million
- Digital Readers- Market Size & Forecast 2019-2030, USD Million
- By Application
- Clinical Testing- Market Size & Forecast 2019-2030, USD Million
- Infectious Disease Testing- Market Size & Forecast 2019-2030, USD Million
- COVID- 19- Market Size & Forecast 2019-2030, USD Million
- Mosquito-borne Disease Testing- Market Size & Forecast 2019-2030, USD Million
- Influenza Testing- Market Size & Forecast 2019-2030, USD Million
- Sexually Transmitted Infection Testing- Market Size & Forecast 2019-2030, USD Million
- HIV Testing- Market Size & Forecast 2019-2030, USD Million
- HPV Testing- Market Size & Forecast 2019-2030, USD Million
- Chlamydia Testing- Market Size & Forecast 2019-2030, USD Million
- Gonorrhoea Testing- Market Size & Forecast 2019-2030, USD Million
- Syphilis Testing- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Hepatitis- Market Size & Forecast 2019-2030, USD Million
- Tuberculosis- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Cardiac Market Testing
- Troponin I & T Testing- Market Size & Forecast 2019-2030, USD Million
- CK-MB Testing- Market Size & Forecast 2019-2030, USD Million
- BNP & NT-Probnp Testing- Market Size & Forecast 2019-2030, USD Million
- Myoglobin Testing- Market Size & Forecast 2019-2030, USD Million
- D-Dimer Testing- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Pregnancy & Fertility Testing- Market Size & Forecast 2019-2030, USD Million
- Pregnancy Testing- Market Size & Forecast 2019-2030, USD Million
- Fertility Testing- Market Size & Forecast 2019-2030, USD Million
- Cholesterol Testing/Lipid Profile- Market Size & Forecast 2019-2030, USD Million
- Drugs of Abuse Testing- Market Size & Forecast 2019-2030, USD Million
- Other Clinical Tests- Market Size & Forecast 2019-2030, USD Million
- Infectious Disease Testing- Market Size & Forecast 2019-2030, USD Million
- Veterinary Diagnostics- Market Size & Forecast 2019-2030, USD Million
- Food Safety & Environment Testing- Market Size & Forecast 2019-2030, USD Million
- Drug Development & Quality Testing- Market Size & Forecast 2019-2030, USD Million
- Clinical Testing- Market Size & Forecast 2019-2030, USD Million
- By Technique
- Sandwich Assays- Market Size & Forecast 2019-2030, USD Million
- Competitive Assays- Market Size & Forecast 2019-2030, USD Million
- Multiplex Detection Assays- Market Size & Forecast 2019-2030, USD Million
- By Therapy
- Lateral Flow Immunoassay- Market Size & Forecast 2019-2030, USD Million
- Nucleic Acid Lateral Flow Assay- Market Size & Forecast 2019-2030, USD Million
- By End User
- Hospitals & Clinics- Market Size & Forecast 2019-2030, USD Million
- Diagnostic Laboratories- Market Size & Forecast 2019-2030, USD Million
- Pharmaceutical & Biotechnology Companies- Market Size & Forecast 2019-2030, USD Million
- Others (Food Companies, Research Organisations, etc.)- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Abbott, PerkinElmer Inc., Gold Standard Diagnostics, QIAGEN N.V., Quidel Corporation, IUL, SA, Genobio, FUJIREBIO (H.U. Group company), Hologic Inc., Thermo Fisher Scientific Inc., Abcam PLC, Elabscience Bionovation Inc., P4Q Electronics, F. Hoffmann-La Roche Ltd., Siemens Healthineers, etc are looking forward to strengthening their market positions.
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