The lateral flow assays market is a rapidly growing sector in the medical diagnostics industry. Lateral flow assays (LFAs) are a type of diagnostic test that are used to detect the presence or absence of a target analyte in a sample, such as blood, urine, or saliva. They are simple to use, low-cost, and produce results quickly, making them ideal for use in point-of-care testing (POCT) settings. The market for LFAs is expected to continue to grow in the coming years due to the increasing demand for rapid and accurate diagnostic tests, particularly in the fields of infectious disease testing and pregnancy testing. Other factors driving growth in the LFA market include the increasing prevalence of chronic diseases, the aging population, and the growing demand for home-based diagnostic tests.
Major players in the LFA market include Alere, Inc. (now part of Abbott Laboratories), Quidel Corporation, F. Hoffmann-La Roche AG, Siemens Healthcare GmbH, and bioMérieux SA, among others. These companies are investing heavily in research and development to improve the sensitivity and specificity of their LFAs, as well as to expand their product offerings to new areas of testing.
Overall, the LFA market is expected to continue to grow at a steady pace in the coming years, driven by increasing demand for rapid and accurate diagnostic tests in a variety of settings.
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Key findings of the Lateral Flow Assays market study:
- The report provides a present market outlook on Lateral Flow Assays. Additionally, the Lateral Flow Assays market share is anticipated to grow with a CAGR of 4.7% in the forecast period.
- Regional breakdown of the Lateral Flow Assays market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Lateral Flow Assays vendors in detail.
- Region-wise and country-wise fragmentation of the Lateral Flow Assays market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Lateral Flow Assays market.
- Lateral Flow Assays price, market share, and Trends forecast for assessment period 2022-2032
Competitive landscape analysis
The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Lateral Flow Assays market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Lateral Flow Assays market including
- Abbott Laboratories
- Thermo Fisher Scientific, Inc.
- F. Hoffmann-La Roche AG
- Bio-rad Laboratories, Inc.
- Biomérieux SA
- Quidel Corporation
- Hologic, Inc.
- Perkinelmer, Inc.
- Merck KGAA
- Becton, Dickinson and Company
- Siemens Healthineers
- Danaher Corporation
- Qiagen N.V
Report benefits & key questions answered
- Lateral Flow Assays historical market outlook: the market intelligence survey report discloses the demand and sales projections of Lateral Flow Assays over the last forecast period 2016 to 2020.
- Post impact of covid on the Lateral Flow Assays market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Lateral Flow Assays, thus affecting the market growth.
- Lateral Flow Assays market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Lateral Flow Assays market to assist the businesses to formulate their strategies for expansion.
- Lateral Flow Assays category & segment level analysis: fact.mr’s category & segment level analysis provides insights into Lateral Flow Assays sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.
- Lateral Flow Assays company & brand share analysis: the report discloses the competitiveness of the Lateral Flow Assays market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.
Market Segments Covered in Lateral Flow Assay Industry Analysis
- By Product Type
- Lateral Flow Readers
- Digital/Mobile Readers
- Benchtop Readers
- Kits & Reagents
- By Application
- Drug Development & Quality Testing
- Clinical Testing
- Veterinary Diagnostics
- Food safety & Environment Testing
- By Technique
- Sandwich Assays
- Competitive Assays
- Multiplex Detection Assays
- By Region
- North America
- Latin America