MarkNtel Advisors recently published a detailed industry analysis of the Global Lateral Flow Assay Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Lateral Flow Assay Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Lateral Flow Assay Market is estimated to grow at a CAGR of around 3.4% during the forecast period, i.e., 2024-30.

Key Findings in Global Lateral Flow Assay Market:

  • Historical Analysis: 2019–2022
  • Base Year: 2023
  • Forecast Period: 2024–2030

Leading Market Players- Abbott, PerkinElmer Inc., Gold Standard Diagnostics, QIAGEN N.V., Quidel Corporation, IUL, SA, Genobio, FUJIREBIO (H.U. Group company), Hologic Inc., Thermo Fisher Scientific Inc., Abcam PLC, Elabscience Bionovation Inc., P4Q Electronics, F. Hoffmann-La Roche Ltd., Siemens Healthineers, etc

Key Highlights of the Report

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

What are the major Driver the Global Lateral Flow Assay Market?

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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What segments define the Global Lateral Flow Assay Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

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

According to report, The Kits & Reagents category held a major share of the Lateral Flow Assay Market and would flourish in the future years as well.

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

According to report, Diagnostic Laboratories accounted for the largest share of the Lateral Flow Assay Market, due to their demand for rapid, easy-to-use diagnostic tools.

Explore the Complete Global Lateral Flow Assay Market Analysis Report – https://www.marknteladvisors.com/research-library/lateral-flow-assay-market.html

Geographical Analysis: Global Lateral Flow Assay Market

 By Region

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

Global Lateral Flow Assay Market Recent Development:

  •  2023: EDX Medical aimed to deliver multiplex lateral flow assays that could help guide disease treatment or differentiate disease type in coming years.

Key Questions Addressed in This Study

  • What are the primary factors driving the growth of the Global Lateral Flow Assay Market?
  • How is the Global Lateral Flow Assay Market expected to evolve over the next five years?
  • What key insights can be drawn from current trends shaping the market?
  • What is the current market size, and how is it forecasted to change in the coming years?
  • What is the future outlook for the market in terms of technological innovation and geographic expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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