Report Overview:
The following report titled “Global Lateral Flow Assay Market: By Product (Kits & Reagents, Lateral Flow Readers, [Benchtop Readers, Digital Readers]), By Application (Clinical Testing, Veterinary Diagnostics, Food Safety & Environment Testing), Drug Development & Quality Testing and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Global Lateral Flow Assay Market Summary
The Global Lateral Flow Assay Market is estimated to grow at a CAGR of around 3.4% during the forecast period, i.e., 2024-30. The market growth has been primarily attributed to the rising awareness of health and growing recommendations from healthcare professionals and major bodies such as the CDC, WHO, etc. for regular testing of various diseases. The world has witnessed incidences of epidemics and pandemics such as Ebola and COVID- 19, which have positively impacted the growth of the Lateral Flow Assay Market. Compared to other laboratory tests available, lateral flow assays that are much faster, cheaper, and user-friendly were more in demand for COVID- 19 testing. Following that, the market for Global Lateral Flow Assay has witnessed enormous growth.
Report Coverage & Details
- Forecast Period: 2024-2030
- Base Year: 2023
- CAGR: 3.4%
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Lateral Flow Assay Market Trend:
Expansion of Home-based & Self-testing Applications – A significant trend observed in the Lateral Flow Assay Market is the expansion of home-based & self-testing applications. Lateral flow assays, such as rapid antigen tests for COVID-19, have enabled widespread testing outside of healthcare facilities. From home-based pregnancy tests and COVID-19 antigen tests to self-screening tests for HIV, the lateral flow assays cater to diverse medical needs.
Segmentation Analysis: Lateral Flow Assay Market
By Product
o Kits & Reagents- Market Size & Forecast 2019-2030, USD Million
o 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
o 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
o HIV Testing- Market Size & Forecast 2019-2030, USD Million
o HPV Testing- Market Size & Forecast 2019-2030, USD Million
o Chlamydia Testing- Market Size & Forecast 2019-2030, USD Million
o Gonorrhoea Testing- Market Size & Forecast 2019-2030, USD Million
o Syphilis Testing- Market Size & Forecast 2019-2030, USD Million
o 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
o Veterinary Diagnostics- Market Size & Forecast 2019-2030, USD Million
o Food Safety & Environment Testing- Market Size & Forecast 2019-2030, USD Million
o Drug Development & Quality Testing- Market Size & Forecast 2019-2030, USD Million
By Technique
o Sandwich Assays- Market Size & Forecast 2019-2030, USD Million
o Competitive Assays- Market Size & Forecast 2019-2030, USD Million
o Multiplex Detection Assays- Market Size & Forecast 2019-2030, USD Million
By Therapy
o Lateral Flow Immunoassay- Market Size & Forecast 2019-2030, USD Million
o Nucleic Acid Lateral Flow Assay- Market Size & Forecast 2019-2030, USD Million
By End User
o Hospitals & Clinics- Market Size & Forecast 2019-2030, USD Million
o Diagnostic Laboratories- Market Size & Forecast 2019-2030, USD Million
o Pharmaceutical & Biotechnology Companies- Market Size & Forecast 2019-2030, USD Million
o Others (Food Companies, Research Organisations, etc.)- Market Size & Forecast 2019-2030, USD Million
By Region
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
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Region: North America Holds a Major Market Share
Among them, North America accounts for the largest share of the Global Lateral Flow Assay Market. The dominance has been attributed to the strong emphasis on R&D, the presence of key market players, product introductions, etc.
Leading Players Analysis: Lateral Flow Assay Market
The report provides detailed analysis of key players in the global Lateral Flow Assay market, highlighting their strategies and competitive scenario.
- Abbott
- PerkinElmer Inc.
- Gold Standard Diagnostics
- QIAGEN N.V.
- Quidel Corporation
- Thermo Fisher Scientific Inc.
- Hologic Inc.
- IUL, SA
- FUJIREBIO (H.U. Group company)
- Abcam PLC
- Genobio
- Elabscience Bionovation Inc.
- P4Q Electronics
- F. Hoffmann-La Roche Ltd.
- Siemens Healthineers
- Others
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