Lateral Flow Assay Market Scope, Size, Share, Growth Opportunities and Future Strategies 2030: MarkNtel Advisors

 

Market Insights

As per recent research by MarkNtel Advisors, 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.

Global Lateral Flow Assay Market Driver:

Growing Prevalence of Infectious Diseases to Result in Increased Demand for Point-of-Care Testing – There is a huge burden of infectious diseases, including respiratory infections, gastrointestinal infections, etc., across the globe. Being a fast & cost-effective method to detect infectious agents rapidly, the demand for lateral flow assays as solutions has also increased simultaneously. Also, HIV, the deadly disease, has claimed the lives of many across the world and has thereby necessitated the early and regular testing of HIV via lateral flow assays to improve the survival rate of patients with proper disease management.

Furthermore, there has been a significant increase in the demand for point-of-care testing offered by lateral flow assays, particularly in remote or resource-limited settings, where a rise in the prevalence of infectious diseases has been witnessed, and quick & convenient diagnostic results were crucial at the patient's location, thereby driving the growth of the overall Lateral Flow Assay Market.

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Market Segmentation and Consumer Behavior:

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

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Lateral Flow Assay Market Geographical Analysis:

By Region:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Key Players and Competitive Strategies in the Lateral Flow Assay Market

Several prominent players dominate the Lateral Flow Assay Market, including:

• 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
• Hoffmann-La Roche Ltd.
• Siemens Healthineers

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Questions Addressed in this Study

1.What factors are driving the Lateral Flow Assay Market growth?

2.How is the Lateral Flow Assay Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Lateral Flow Assay Market?

4.What is the current size of the Lateral Flow Assay Market, and how is it projected to change in the future?

5.What is the future outlook for the Lateral Flow Assay Market in terms of technological advancements and market expansion?

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