SWOT analysis can be quite a great tool to know what the market drivers and restrains in the Lateral Flow Assay market. This report aims to focus on all the key aspects for the Lateral Flow Assay market so that you know what really is happening when it comes to key players and brand’s acquisitions, merges, joint ventures, recent developments, products launches and the competitive research. The report also explains what market definition, classifications, applications, engagements, and global reach is for the Lateral Flow Assay industry while also giving a CAGR forecast for the period of 2018 and 2025.
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.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Lateral Flow Assay Market Landscape
- Market Ecosystem
- Market Characteristics
- Market Segmentation Analysis
Part 05: Market Sizing
- Market Definition
- Market Sizing 2018
- Market Size And Forecast 2018-2025
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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 Lateral Flow Assay Market Report Offers Enlightenment of:
- Proficient evaluation of industry, inventions, advancement, latest trends, threats of Lateral Flow Assay market.
- Details of former years from 2013 to 2018 as well as a forecast for up to 2025.
- Key products, regions and main segments comprising applications and types.
- An outlook of industry competition along with market driving factors, production capacities, persistent performance, and potentials of companies.
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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.
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.
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