Lateral Flow Assay Market Anticipates Impressive 3.4% CAGR Growth from 2024 to 2030

Global Lateral Flow Assay Market Report: 2024-2030

According to MarkNtel Advisors recent report “Global Lateral Flow Assay Market”. The report takes a numbers-based approach, breaking down precise data in a straightforward way. It consists of information on all the periods – past, present, and future. The report covers important topics like customer behavior, industry size, share, ongoing trends, market segments, and leading companies, and other valuable aspects related to the industry.

Key Highlights of the Report

Market Performance (2019-2030)
Market Outlook (2024-2030)
Market Drivers and Challenges
Competitive Benchmarking

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Lateral Flow Assay Market Overview

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.

Lateral Flow Assay Industry Trends

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.

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Lateral Flow Assay Market Segmentation

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
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

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

Geographical Insights:

North America
Europe
Asia Pacific
Middle East/Africa
South America

Competitive Landscape

The competitive landscape of the market has been studied in the report with detailed profiles of key players operating in the Lateral Flow Assay market.

Key Players

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

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