Lateral Flow Assays Market

Report Highlights

The scope of this report is broad and covers different techniques of lateral flow assays market, along with the different applications, sample type, and end-user industry. The market is broken down by product, application, technique, sample type, end-user and regional markets. Revenue forecasts from 2019 to 2025 are given for each major technique of lateral flow assays market, segment and regional market, and the estimated values are derived from the manufacturers’ total revenues.

The report also includes a discussion of the major players across each of the regional lateral flow assays market; it explains the major market drivers of the global lateral flow assays market industry, current trends within the industry, major applications and the regional dynamics of the global lateral flow assays market.

The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global lateral flow assays market.

Report Includes

• 63 tables
• An up-to-date analysis of the global lateral flow assays market.
• Analyses of the global market trends, with data from 2019, 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2025.
• Estimation of market size and revenue forecast for global lateral flow assays market, and corresponding market share analysis by function, solution, end-user, application, and region for each market segment.
• Highlights of emerging technology trends, gaps and opportunities in the market estimating current and future demand for lateral flow assays market, identification of the companies that are best positioned to meet this demand.
• In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market.
• Identification of new Products and services still in the development and their probability of successful commercial launch within the next five years.
• Impact of COVID-19 on the lateral flow assays market as compared to overall global economy.
• Insight into the growth development strategies of major lateral flow assays market manufacturers and their key competitive landscape.
• Descriptive company profiles of the leading market participants, including F. Hoffman - La Roche Ltd., Becton, Dickinson and Company, Bio-Rad Laboratories Inc., bioMerieux S.A, Abbott, Hologic Inc., Danaher Corporation (HemoCue AB), Thermo Fisher Scientific Inc., and Siemens Healthcare GmbH.

Summary

The global lateral flow assays market will grow from $10.25 billion in 2020 to $15 billion by 2025 at a five-year CAGR of 7.8%. The market for lateral flow assays is expected to grow, due to rising prevalence of infectious diseases across the world and rapidly growing geriatric population.

These devices are mostly used in hospitals and clinical laboratories for the qualitative and quantitative detection of particular antigens and antibodies. It is an easy and low-cost technology used in qualitative and quantitative detection of pathogens or biomarkers in humans or animals, or contaminants or toxic elements in water supplies, foodstuffs, or animal feeds.