Lateral Flow Assay Market 2022: Industry Analysis, Share, Growth, Outlook and Forecast 2027
According to the latest report by IMARC Group, titled “Lateral Flow Assay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the market is expected to grow at a CAGR of XX% during 2022-2027.
Lateral flow assay (LFA), or lateral flow immunochromatographic assay, is a paper-based testing solution used in laboratories to detect analytes in complex mixtures. It involves the use of a sample pad, reaction membrane, conjugate pad combined with biorecognition elements and absorbent pad. LFA is widely used in drug development, veterinary diagnostics, pregnancy, tuberculosis, food safety, influenza, drug abuse and D-dimer testing. It also assists in producing simple, rapid, cost-effective and portable detection devices that are utilized for testing biological samples of serum, plasma and blood. As a result, it finds extensive applications in clinics, diagnostic laboratories, hospitals and pharmaceutical manufacturing units.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Lateral Flow
Assay Market Trends:
The global lateral flow
assay market is primarily being driven by the increasing prevalence of chronic
and infectious diseases. LFA is widely used to detect the presence of pathogens
or biomarkers in samples of food, saliva and urine. Moreover, various
technological advancements, such as the development of novel smartphone
applications, are providing a thrust to the market growth. These applications are
integrated with artificial intelligence (AI) and machine learning (ML)
solutions to automate the accurate reading of the samples. In line with this,
the recent outbreak of coronavirus disease (COVID-19) has favored the market
growth. LFA kits are widely adopted to detect patients with antibodies and
those that have been cured of the infection.
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Lateral Flow
Assay Market
2021-2026 Analysis and Segmentation:
Competitive
Landscape:
The competitive landscape
of the market has been studied in the report with the detailed profiles of the
key players operating in the market.
Abbott Laboratories, Becton Dickinson and
Company, Biomérieux SA, Bio-Rad Laboratories Inc., Danaher Corporation, F.
Hoffmann-La Roche AG, Hologic Inc., Merck KGAA, Perkinelmer Inc., Qiagen N.V.,
Quidel Corporation, Siemens Healthineers AG (Siemens AG) and Thermo Fisher
Scientific Inc.
The report has segmented
the market on the basis on region, disc type, material type and end user.
Breakup
by Technique:
- Sandwich Assays
- Competitive Assays
- Multiplex Detection
Assays
Breakup
by Product:
- Kits and Reagents
- Lateral Flow Readers
- Digital/Mobile Readers
- Benchtop Readers
Breakup
by Application:
- Clinical Testing
- Infectious Disease Testing
- Cardiac Marker Testing
- Pregnancy and Fertility Testing
- Cholesterol Testing/Lipid Profile
- Drug Abuse Testing
- Others
- Veterinary Diagnostics
- Food Safety and Environment Testing
- Drug Development and Quality Testing
Breakup
by End User:
- Hospitals and Clinics
- Diagnostic
Laboratories
- Home Care
- Pharmaceutical and
Biotechnology Companies
- Others
Breakup
by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Analyst for Customization and Explore Full Report with TOC & List of
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Key
highlights of the report:
- Market Performance
(2015-2020)
- Market Outlook
(2021-2026)
- Porter’s Five Forces
Analysis
- Market Drivers and
Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping
of the Competitive Landscape
If you need specific
information that is not currently within the scope of the report, we can
provide it to you as a part of the customization.
If you want latest primary
and secondary data (2021-2026) with Cost Module, Business Strategy,
Distribution Channel, etc. Click request free sample report, published report
will be delivered to you in PDF format via email within 24 to 48 hours of
receiving full payment.
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