{"id":528435,"date":"2021-02-02T07:36:01","date_gmt":"2021-02-02T07:36:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=528435"},"modified":"2021-02-02T07:36:01","modified_gmt":"2021-02-02T07:36:01","slug":"lateral-flow-assay-market-size-to-rise-at-usd-71-billion-by-2026-due-to-rising-government-initiatives-and-growing-demand-for-point-of-care-testing-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/lateral-flow-assay-market-size-to-rise-at-usd-71-billion-by-2026-due-to-rising-government-initiatives-and-growing-demand-for-point-of-care-testing-grand-view-research-inc_528435.html","title":{"rendered":"Lateral Flow Assay Market Size to Rise at USD 7.1 Billion by 2026 Due To Rising Government Initiatives And Growing Demand For Point Of Care Testing: Grand View Research Inc."},"content":{"rendered":"
\"Lateral<\/a><\/p>\n
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“Grand View Research, Inc. \u2013 Market Research And Consulting.”<\/div>\n<\/div>\n<\/div>\n
According to a recent report published by Grand View Research Inc., the rise in government initiatives and growing demand for point of care testing is likely to influence the market growth in the coming years. Also, the strategic mergers and acquisitions is expected to fuel the market development in the forecast period.<\/div>\n

According to a report, “Lateral Flow Assay Market<\/a> <\/strong>Size, Share & Trends Analysis Report By Product (Kits & Reagents, Lateral Flow Readers), By End Use, By Application (Clinical Testing, Veterinary Diagnostics), By Technique, By Region, And Segment Forecasts, 2019 \uff0d 2026”, lateral flow assays are cellulose based devices used in the detection of a target component in the liquid sample excluding the need for any specialized equipment. Growing prevalence of infectious disease is expected to remain pivotal for market growth in the coming years.<\/p>\n

The geriatric population widely suffers from inflammatory and bowel diseases. Although the treatments are available worldwide, there is a huge demand for lateral flow assays since these devices enhance the treatment methods for geriatric population. For instance, according to the U.S. Department of Health & Human Services, the U.S. Government has formed the President’s Emergency Plan for AIDS Relief  (PEPFAR). This emergency plan works towards the prevention, response and early detection of existing as well new risks related to immune system. <\/p>\n

In addition, the rise in prevalence of infectious diseases is expected to propel the market growth in the coming years. According to the WHO, alone in 2019, there were more than 219 million cases of malaria and more than 10 million cases of TB in Africa and South East Asia.<\/p>\n

\"North<\/p>\n

Lateral Flow Assay Market Report Highlights:<\/strong><\/p>\n

Kits & reagents held the largest share based on product as they offer easy, effective, and rapid diagnosis of chronic and infectious diseases<\/p>\n

The clinical testing segment held the largest market share in the past years owing to increase in incidence of infectious diseases, rise in pressure to reduce overall healthcare costs, and increasing demand for POC testing devices that can be used at any healthcare setting<\/p>\n

Technological advancements in the healthcare sector, innovation in technology and devices, and increase in the adoption of POC testing by patients and healthcare professionals is anticipated to fuel market growth during the forecast period<\/p>\n

“Would you Like\/Try a Sample Report” Click the link below<\/strong>:https:\/\/www.grandviewresearch.com\/industry-analysis\/lateral-flow-assay-market\/request\/rs1<\/a><\/p>\n

Grand View Research has segmented the global lateral flow assay market on the basis of product, application, technique, end use, and region:<\/p>\n

Lateral Flow Assay Product Outlook (Revenue, USD Million, 2015 \uff0d 2026)<\/strong><\/p>\n

Kits & Reagents         <\/p>\n

Lateral Flow Readers<\/p>\n

Digital\/Mobile Readers<\/p>\n

Benchtop Readers<\/p>\n

Lateral Flow Assay Application Outlook (Revenue, USD Million, 2015 \uff0d 2026)<\/strong><\/p>\n

Clinical Testing<\/p>\n

Infectious Diseases Testing<\/p>\n

 Mosquito Borne Disease Testing<\/p>\n

 Influenza Testing<\/p>\n

 Sexually Transmitted Infection Testing<\/p>\n

 HIV Testing<\/p>\n

 HPV Testing<\/p>\n

 Chlamydia Testing<\/p>\n

 Gonorrhea Testing<\/p>\n

 Syphilis Testing<\/p>\n

 Others<\/p>\n

Hepatitis<\/p>\n

Tuberculosis<\/p>\n

Others<\/p>\n

Cardiac Marker Testing<\/p>\n

Troponin-I and T-Testing<\/p>\n

CK\uff0dMB Testing<\/p>\n

BNP and NT-ProBNP Testing<\/p>\n

Myoglobin Testing<\/p>\n

D-Dimer Testing<\/p>\n

Others<\/p>\n

Pregnancy & Fertility Testing<\/p>\n

Pregnancy Testing<\/p>\n

Fertility Testing<\/p>\n

Cholesterol Testing\/Lipid Profile Testing<\/p>\n

Drugs of Abuse Testing<\/p>\n

Others<\/p>\n

Veterinary Diagnostics<\/p>\n

Food safety & Environment Testing<\/p>\n

Drug Development & Quality Testing<\/p>\n

Lateral Flow Assay Technique Outlook (Revenue, USD Million, 2015 \uff0d 2026)<\/strong><\/p>\n

Sandwich Assay<\/p>\n

Competitive Assay<\/p>\n

Multiplex Detection Assay<\/p>\n

Lateral Flow Assay End-use Outlook (Revenue, USD Million, 2015 \uff0d 2026)<\/strong><\/p>\n

Hospitals & Clinics<\/p>\n

Diagnostic Laboratories<\/p>\n

Home Care<\/p>\n

Pharmaceutical & Biotechnology Companies<\/p>\n

Others<\/p>\n

Lateral Flow Assay Regional Outlook (Revenue, USD Million, 2015 \uff0d 2026)<\/strong><\/p>\n

North America<\/p>\n

U.S.<\/p>\n

Canada<\/p>\n

Europe<\/p>\n

U.K.<\/p>\n

Germany<\/p>\n

France<\/p>\n

Italy<\/p>\n

Spain<\/p>\n

Russia<\/p>\n

Asia Pacific<\/p>\n

China<\/p>\n

India<\/p>\n

Japan<\/p>\n

South Korea<\/p>\n

Australia<\/p>\n

Latin America<\/p>\n

Mexico<\/p>\n

Brazil<\/p>\n

Argentina<\/p>\n

MEA<\/p>\n

South Africa<\/p>\n

Saudi Arabia<\/p>\n

UAE<\/p>\n

List of Key Players for Lateral Flow Assay Market:<\/strong><\/p>\n

Quidel Corporation<\/p>\n

Hologic Inc<\/p>\n

Thermo Fisher Scientific Inc<\/p>\n

F.Hoffman-La Roche<\/p>\n

Siemens AG<\/p>\n

Danaher Corporation<\/p>\n

Becton Dickinson and Company<\/p>\n

Bio-Rad<\/p>\n

BioMerieux<\/p>\n

PerkinElmer<\/p>\n

Have Any Query? Ask Our Experts for More Details on Report<\/strong>:https:\/\/www.grandviewresearch.com\/inquiry\/6769\/ibb<\/a><\/p>\n

Browse Related Report<\/strong> @<\/p>\n

In-Vitro Colorectal Cancer Screening Tests Market <\/strong>– https:\/\/www.grandviewresearch.com\/industry-analysis\/in-vitro-colorectal-cancer-screening-tests-market<\/a><\/p>\n

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass<\/strong><\/a>, by Grand View Research, Inc.<\/p>\n

About Grand View Research<\/strong><\/p>\n

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.
Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs.<\/p>\n

 <\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Grand View Research, Inc.<\/a>
Contact Person:<\/strong> Sherry James, Corporate Sales Specialist – U.S.A.
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 1888202951
Address:<\/strong>Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City:<\/strong> San Francisco
State:<\/strong> California
Country:<\/strong> United States
Website:<\/strong> https:\/\/www.grandviewresearch.com\/industry-analysis\/lateral-flow-assay-market<\/a><\/p>\n

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“Grand View Research, Inc. \u2013 Market Research And Consulting.” According to a recent report published by Grand View Research Inc., the rise in government initiatives and growing demand for point of care testing is likely to influence the market growth … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[405,410,412,406,416],"tags":[],"class_list":["post-528435","post","type-post","status-publish","format-standard","hentry","category-Health-Medicine","category-Manufacturing-Industry","category-News-Current-Affairs","category-Pharmaceuticals-Biotech","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/528435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=528435"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/528435\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=528435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=528435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=528435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}