A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Lateral Flow Assay Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Global Lateral Flow Assay Market Definition:
Lateral flow assays (LFAs) are a widely used diagnostic tool in the healthcare industry. They are simple, portable, and deliver rapid results, making them ideal for point-of-care testing. LFAs are commonly employed for detecting infectious diseases, pregnancy, drugs of abuse, and various biomarkers.
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Global Lateral Flow Assay Market Insights:
The Global Lateral Flow Assay Market was valued at USD9.3 billion in 2022 and is projected to grow at a CAGR of around 3.4% during the forecast period, i.e., 2023-28.
Global Lateral Flow Assay Market Driver:
Growing Prevalence of Infectious Diseases Resulting in Increasing Demand for Point-Of-Care Testing - As the global burden of infectious diseases, including respiratory infections, sexually transmitted infections, and gastrointestinal infections, continues to rise, the demand for lateral flow assays as the solutions is likely to enthrall simultaneously. It is primarily because of the increased utility of these tests in providing a fast cost-effective method to detect infectious agents rapidly. This capability dramatically contributes to early diagnosis, treatment, and control of these diseases. Furthermore, there is an increasing demand for point-of-care testing, where quick and convenient diagnostic results are crucial at the patient's location. This demand is particularly prominent in remote or resource-limited settings, driving the growth of the Lateral Flow Assay market.
Global Lateral Flow Assay Market Leading Key Players:
Abbott Laboratories, PerkinElmer Inc., Merck KGaA, QIAGEN N.V., Quidel Corporation, Hologic Inc., Thermo Fisher Scientific Inc., bioMerieux SA, Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Abcam PLC, Danaher Corporation, P4Q Electronics, Hoffmann-La Roche AG, Siemens Healthineers
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Global Lateral Flow Assay Market Segmentation:
Based on Product
- Kits Reagents- Market Size Forecast 2018-2028, (USD Million)
- Lateral Flow Readers- Market Size Forecast 2018-2028, (USD Million)
-- Benchtop Readers- Market Size Forecast 2018-2028, (USD Million)
-- Digital Readers- Market Size Forecast 2018-2028, (USD Million)
Based on Application
- Clinical Testing- Market Size Forecast 2018-2028, (USD Million)
-- Infectious Disease Testing
--- COVID-19- Market Size Forecast 2018-2028, (USD Million)
--- Mosquito Borne Disease Testing- Market Size Forecast 2018-2028, (USD Million)
--- Influenza Testing- Market Size Forecast 2018-2028, (USD Million)
--- Sexually Transmitted Infection Testing- Market Size Forecast 2018-2028, (USD Million)
---- HIV Testing- Market Size Forecast 2018-2028, (USD Million)
---- HPV Testing- Market Size Forecast 2018-2028, (USD Million)
---- Chlamydia Testing- Market Size Forecast 2018-2028, (USD Million)
---- Gonorrhea Testing- Market Size Forecast 2018-2028, (USD Million)
---- Syphilis Testing- Market Size Forecast 2018-2028, (USD Million)
---- Other STI Testing- Market Size Forecast 2018-2028, (USD Million)
--- Hepatitis- Market Size Forecast 2018-2028, (USD Million)
--- Tuberculosis- Market Size Forecast 2018-2028, (USD Million)
--- Other Infectious Diseases- Market Size Forecast 2018-2028, (USD Million)
-- Cardiac Marker Testing- Market Size Forecast 2018-2028, (USD Million)
--- Troponin I and T Testing- Market Size Forecast 2018-2028, (USD Million)
--- CK-MB Testing- Market Size Forecast 2018-2028, (USD Million)
--- BNP and NT-Probnp Testing- Market Size Forecast 2018-2028, (USD Million)
--- Myoglobin Testing- Market Size Forecast 2018-2028, (USD Million)
--- D-Dimer Testing- Market Size Forecast 2018-2028, (USD Million)
--- Other Cardiac Marker Tests- Market Size Forecast 2018-2028, (USD Million)
-- Pregnancy Fertility Testing- Market Size Forecast 2018-2028, (USD Million)
--- Pregnancy Testing- Market Size Forecast 2018-2028, (USD Million)
--- Fertility Testing- Market Size Forecast 2018-2028, (USD Million)
-- Cholesterol Testing/Lipid Profile- Market Size Forecast 2018-2028, (USD Million)
-- Drugs of Abuse Testing- Market Size Forecast 2018-2028, (USD Million)
-- Other Clinical Tests- Market Size Forecast 2018-2028, (USD Million)
- Veterinary Diagnostics- Market Size Forecast 2018-2028, (USD Million)
- Food Safety Environment Testing- Market Size Forecast 2018-2028, (USD Million)
- Drug Development Quality Testing- Market Size Forecast 2018-2028, (USD Million)
Based on Technique
- Sandwich Assays- Market Size Forecast 2018-2028, (USD Million)
- Competitive Assays- Market Size Forecast 2018-2028, (USD Million)
- Multiplex Detection Assays- Market Size Forecast 2018-2028, (USD Million)
Based on Therapy
- Lateral Flow Immunoassay- Market Size Forecast 2018-2028, (USD Million)
- Nucleic Acid Lateral Flow Assay- Market Size Forecast 2018-2028, (USD Million)
Based on End-User
- Hospitals Clinics- Market Size Forecast 2018-2028, (USD Million)
- Diagnostic Laboratories- Market Size Forecast 2018-2028, (USD Million)
- Home Care- Market Size Forecast 2018-2028, (USD Million)
- Pharmaceutical Biotechnology Companies- Market Size Forecast 2018-2028, (USD Million)
- Others- Market Size Forecast 2018-2028, (USD Million)
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Global Lateral Flow Assay Market Geographical Analysis
By Region
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
Recent Development of Global Lateral Flow Assay Market:
In September 2022, Siemens Healthineers unveiled a pair of new combination tests designed to detect SARS-CoV-2, the virus responsible for COVID-19, and other seasonal respiratory pathogens. The first one is the CE-marked FTD SARS-CoV-2/FluA/FluB/HRSV Assay, which is a PCR test designed to detect multiple respiratory pathogens, including SARS-CoV-2, influenza A and B viruses, and human respiratory syncytial virus (HRSV). This comprehensive assay provides healthcare professionals with valuable insights into the presence of these infectious agents, aiding in accurate diagnosis and appropriate treatment.
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MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
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