The global Lateral Flow Assay market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lateral flow assay market for global, Europe, North America, Asia Pacific and South America.
Global Lateral Flow Assay Market is expected to reach USD 10.67 billion by 2025, from USD 5.72 billion in 2017 growing at a CAGR of 8.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025
This Lateral Flow Assay report focuses on Market report delivers rising opportunities within the market and also the future impact of major drivers and challenges and, support decision makers in creating efficient business selections. Lateral Flow Assay market report assesses key opportunities within the market and descriptions the factors that are and can be driving the expansion of the market.
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Competitors/Players : Global Lateral Flow Assay Market :
- Roche, Danaher Corporation,
- Johnson & Johnson,
- Becton Dickinson,
- Bio-Rad Laboratories,
- Thermo Fisher Scientific,
- Qiagen, Perkinelmer, Inc.,
- Abbott, Hologic, Inc.,
- Abingdon Health,
- Alere, Inc,
- Trinity Biotech,
- Lumos Diagnostics
- among others.
Table Of Content:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Lateral Flow Assay Market Landscape
Part 04: Global Lateral Flow Assay Market Sizing
Part 05: Five Forces Analysis
Part 06: Global Lateral Flow Assay Market Segmentation By Product
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key Developments in the Market:
In July 2018, Abingdon Health (U.K.) launched ADxLR5 Developer. This product is eveloped for lateral flow assay. Through this product launch the company had expanded its product portfolio.
In November 2017, Sygnis AG (U.K.) have launched lateral-flow assay products and services commercialized under the brand name Innova Biosciences. Through this product launch the company had expanded its lateral flow assays product portfolio.
Drivers and Restraints:
High prevalence of infectious diseases
Rapidly increasing geriatric population
Growing usage of home-based lateral flow assay devices
Growing demand for point-of-care testing
Lack of trained care takers for efficient operation of patient handling equipment
Less reimbursements policies for lateral flow assay products
Rising demand for lateral flow assays in the food & beverage industry
Increasing applications of lateral flow point-of-need assays.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
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Segmentation: Global Lateral Flow Assay Market
The global lateral flow assay market is segmented based on
- product, technique, application, end user , geography
Based on product the global lateral flow assay market is segmented into
- Kits & Reagents, Lateral Flow Readers.
Lateral flow readers are further sub segmented into
- digital/mobile readers , benchtop readers.
Based on technique the global lateral flow assay market is segmented into
- sandwich assays, competitive assays , multiplex detection assays.
Based on application the global lateral flow assay market is segmented into
- clinical/point-of-care testing, veterinary diagnostics, food safety & environment testing, drug development & quality testing.
Clinical/Point-of-Care testing is further sub-segmented into
- cardiac marker testing, pregnancy & fertility testing, cholesterol/lipid testing, drugs-of-abuse testing infectious disease testing , others
Based on End User the global lateral flow assay market is segmented into
- hospitals and clinics, home care, pharmaceutical and biotechnology companies ,diagnostic laboratories, others
Based on geography, the market report covers data points for 28 countries across multiple geographies namely
- North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
Customization of the Report:
All segmentation provided above in this report is represented at country level.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
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