Lateral Flow Assay Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Product (Kits & Reagents, Lateral Flow Readers); Technique (Sandwich Assays, Multiplex Detection Assays, Competitive Assays); Application (Drug Development and Quality Testing, Clinical or Point-of-Care testing, Others); End User (Hospitals & Clinics, Home Care, Pharmaceutical & Biotechnology Companies) and Geography
Report Code: TIPRE00005544
| No. of Pages: 150
| Category: Medical Device
| Status: Upcoming
Lateral flow tests, also known as lateral flow immunochromatographic assays. The lateral flow assay helps to detection of specific antigens and antibodies as well as products of gene amplification. The various liquid samples can be tested using LFAs, including urine, saliva, sweat serum plasma, whole blood and other fluids. These tests are used for medical diagnostics and it gives instantaneous diagnosis directly to patients.
The lateral flow assay market is expected to grow during the forecast period owing to the key driving factors such as rising geriatric population, increase in prevalence of multiple chronic conditions, rise in prevalence of infectious diseases as well increase in consumption of alcohol, raising demand for point-of-care testing, awareness related to home health care and point-of-care and others. In addition, various players in the emerging market have advance healthcare infrastructure & advance technology product will create lots of opportunity for the market.
The "Global Lateral Flow Assay Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of lateral flow assay with detailed market segmentation by product, technique, application, end user and geography. The global lateral flow assay market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading the lateral flow assay market players and offers key trends and opportunities in the market.
The global lateral flow assay market is segmented on the basis of product, technique, application and end user. Based on products, the market is segmented as kits and reagents and lateral flow readers. On the basis of technique, the global lateral flow assay market is segmented into sandwich assays, multiplex detection assays and competitive assays. Based on the application the market is classify into drug development and quality testing, clinical or point-of-care testing and others. Clinical or 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 and others. On the basis of the end user the market is classify into hospitals and clinics, home care and pharmaceutical and biotechnology companies.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global lateral flow assay market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The lateral flow assay market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting lateral flow assay market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the lateral flow assay market in these regions.
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The reports cover key developments in the lateral flow assay market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from lateral flow assay market are anticipated to lucrative growth opportunities in the future with the rising demand for lateral flow assay market in the global market. Below mentioned is the list of few companies engaged in the lateral flow assay market.
The report also includes the profiles of key lateral flow assay market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
F. Hoffmann-La Roche Ltd
Thermo Fisher Scientific
Bio-Rad Laboratories, Inc
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