Global Lateral Flow Assay market report has been prepared based on detailed market analysis with inputs from industry experts. The data and the information regarding the Lateral Flow Assay industry are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. Lateral Flow Assay Market report to provide statistics on the current state of the industry as a valuable source of guidance and direction for companies and Investors interested in this market.
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.
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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.
Competitors/Players: Global Lateral Flow Assay Market
- Roche,
- Danaher Corporation,
- Siemens,
- Johnson & Johnson,
- Becton Dickinson,
- bioMérieux,
- Bio-Rad Laboratories,
- Thermo Fisher Scientific,
- Qiagen, Perkinelmer, Inc.,
- Abbott,
- Hologic, Inc.,
- Quidel,
- Abingdon Health,
- Alere, Inc,
- Trinity Biotech,
- Lumos Diagnostics
- among others.
Competitive Analysis: Global Lateral Flow Assay Market
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.
Table of Contents:
1 Introduction
2 Research Methodologies
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Compliance in Lateral flow assay Market
8 Lateral flow assay Market, By Service
9 Lateral flow assay Market, By Deployment Type
10 Lateral flow assay Market, By Organization Size
11 Lateral flow assay Market Analyses, By Vertical
12 Geographic Analyses
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
13 Competitive Landscapes
14 Detailed Company Profiles
15 Related Reports
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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.
The study objectives of this report are:
- To analyze global Lateral flow assay status, future forecast, growth opportunity, key market and key players.
- To present the Lateral flow assay development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
- The future aspects impacting the global Lateral flow assay market in every possible way are also further discussed in the report. The market providers compete on the basis of innovation, reputation, pricing, service, promotion and distribution. The Lateral flow assay market report has faced several phases after gathering the most important data from the research with facing the challenge of arranging it in a proper manner, which has made the analysis more efficient and effective.
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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.
WHO SHOULD BUY THE GLOBAL LATERAL FLOW ASSAY REPORT?
People looking to enrich the decision-making capability by following points must buy the report:
- Breakdown of market share of the top Lateral flow assay industry players
- Evaluations of market share for the regional and country level sectors
- Estimation of Lateral flow assay market for the forecast period of all the aforementioned classes, sub classes, and the domestic markets
- Tactical recommendation for the newbies
- Tactical recommendation in primary business industries based on the Lateral flow assay market forecast
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