Lateral Flow Assay Market –Industry Global Trends, Growth, Opportunities, Market Size Forecast to 2027

 




lateral flow assay market is analyzed by Data Bridge Market Research, wherein we have accounted for the market to witness a potential growth rate of 6.79% in the forecasted period of 2020 to 2027, resulting in the market reaching a cap of USD 10.72 billion by the end of the forecasted period. High consumption rate for home-based lateral flow testing products and solutions which have been combined with the requirement of better form of point-of-care testing products, these factors are acting as the growth drivers for lateral flow assay market in the above-mentioned forecasted period of 2020 to 2027

This lateral flow assay market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research lateral flow assay market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. Lack of preference from the consumers to shift from traditional method of diagnostic testing and adopting advanced methods, as well as the excise duty implementation of a significant volume on the trading of medical devices are expected to restrain the market growth in the above-mentioned forecasted period of 2020 to 2027.

 

Global Lateral Flow Assay Market By Product (Kits & Reagents, Lateral Flow Readers), Technique (Sandwich Assays, Competitive Assays, Multiplex Detection Assays), Application (Clinical/POC Testing, Veterinary Diagnostics, Food Safety & Environment Testing, Drug Development & Quality Testing), End User (Hospitals & Clinics, Home Care, Pharmaceutical & Biotechnology Companies, Diagnostic Laboratories, Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Supermarket/Hypermarket, E-Commerce), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle E lateral flow assay market ast & Africa), Industry Trends and Forecast to 2027

 

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Global Lateral Flow Assay Market Scope and Market Size:

Lateral flow assay market is segmented on the basis of product, technique, application, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

Based on product, the lateral flow assay market is segmented into kits & reagents and lateral flow readers. Kits & reagents have been sub-segmented into test strip, dipstick, cassette and lancets; Lateral flow readers are sub-segmented into digital/mobile readers and benchtop readers.

Based on technique, the lateral flow assay market is segmented into sandwich assays, competitive assays and multiplex detection assays.

On the basis of application, the lateral flow assay market is segmented into clinical/POCT testing, veterinary diagnostics, food safety & environment testing and drug development & quality testing. Clinical/POC (Point-of-Care) testing is sub-segmented into infectious disease testing, cardiac marker testing, pregnancy & fertility testing, cholesterol testing/lipid profile, drugs of abuse testing and other clinical/POC (Point-of-Care) testing. Infectious disease testing is sub-segmented into mosquito-borne disease testing, influenza testing, sexually transmitted infection testing, hepatitis, tuberculosis and other infectious disease tests. Sexually transmitted infection testing are further segmented into HIV testing, HPV testing, chlamydia testing, gonorrhea testing, syphilis testing and other sexually transmitted infection testing. Cardiac marker testing are sub-segmented into troponin I & T testing, CK-MB testing, BNP & NT-Propbnp Testing, myoglobolin testing, D-dimer testing and other cardiac marker tests. Pregnancy & fertility testing are sub-segmented into pregnancy testing and fertility testing.

On the basis of end user, the lateral flow assay market is segmented as hospitals & clinics, home care, pharmaceutical & biotechnology companies, diagnostic laboratories and others.

Lateral flow assay market has also been segmented into hospital pharmacies, retail pharmacies, supermarket/hypermarket and e-commerce on the basis of distribution channel.

 

Key Market Competitors:

The major players covered in the lateral flow assay market report are F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, BD, bioMérieux SA, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., QIAGEN, PerkinElmer Inc., Abbott, Hologic, Inc., Quidel Corporation, ABINGDON HEALTH, Trinity Biotech Ireland, Lumos Diagnostics, Merck KGaA, Cytodiagnostics Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), South America and Middle East and Africa (MEA) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

 

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Reasons for Buying this Lateral flow assay market Report:

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The key questions answered in this report:

What will be the Market Size and Growth Rate in the forecast year?

What is the Key Factors driving Laser Capture Lateral flow assay market?

What are the Risks and Challenges in front of the market?

Who are the Key Vendors in Lateral flow assay market?

What are the Trending Factors influencing the market shares?

What is the Key Outcomes of Porter’s five forces model?

Which are the Global Opportunities for expanding the Lateral flow assay market?

 

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