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Comprehensive Research Report on Global Lateral Flow Assay Market Analysis, Growth Forecast 2023-2028
MarkNtel Advisors, a respected research firm, has conducted a comprehensive analysis of the Lateral Flow Assay market size, Share, Analysis, considering a multitude of factors such as recent developments, trade regulations, import-export assessments, production patterns, shifts in market regulations, optimization of the value chain, and valuable insights into market share. This study is meticulously structured with clearly delineated sections, chapters, and sub-categories, facilitating easy navigation for readers.
What is the market size of the Lateral Flow Assay industry?
The Global Lateral Flow Assay Market was valued at USD9.3 billion in 2022 and is projected to grow at a CAGR of around 3.4% during the forecast period, i.e., 2023-28.
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Market Driver:
Growing Prevalence of Infectious Diseases Resulting in Increasing Demand for Point-Of-Care Testing – As the global burden of infectious diseases, including respiratory infections, sexually transmitted infections, and gastrointestinal infections, continues to rise, the demand for lateral flow assays as the solutions is likely to enthrall simultaneously. It is primarily because of the increased utility of these tests in providing a fast & cost-effective method to detect infectious agents rapidly. This capability dramatically contributes to early diagnosis, treatment, and control of these diseases. Furthermore, there is an increasing demand for point-of-care testing, where quick and convenient diagnostic results are crucial at the patient’s location. This demand is particularly prominent in remote or resource-limited settings, driving the growth of the Lateral Flow Assay market.
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What specific elements are included in the segmentation of the Lateral Flow Assay industry?
The Lateral Flow Assay market comprises a wide array of diverse segments encompassing variations, trends, and market strategies. These segments are meticulously defined and thoroughly discussed, offering stakeholders vital insights necessary for making informed decisions and gaining a comprehensive understanding of the market landscape. The market is composed of the following segments:
By Product
-Kits & Reagents- Market Size & Forecast 2018-2028, (USD Million)
-Lateral Flow Readers- Market Size & Forecast 2018-2028, (USD Million)
-Benchtop Readers- Market Size & Forecast 2018-2028, (USD Million)
-Digital Readers- Market Size & Forecast 2018-2028, (USD Million)
By Application
-Clinical Testing- Market Size & Forecast 2018-2028, (USD Million)
-Infectious Disease Testing
-COVID-19- Market Size & Forecast 2018-2028, (USD Million)
-Mosquito Borne Disease Testing- Market Size & Forecast 2018-2028, (USD Million)
-Influenza Testing- Market Size & Forecast 2018-2028, (USD Million)
-Sexually Transmitted Infection Testing- Market Size & Forecast 2018-2028, (USD Million)
-HIV Testing- Market Size & Forecast 2018-2028, (USD Million)
-HPV Testing- Market Size & Forecast 2018-2028, (USD Million)
-Chlamydia Testing- Market Size & Forecast 2018-2028, (USD Million)
-Gonorrhea Testing- Market Size & Forecast 2018-2028, (USD Million)
-Syphilis Testing- Market Size & Forecast 2018-2028, (USD Million)
-Other STI Testing- Market Size & Forecast 2018-2028, (USD Million)
-Hepatitis- Market Size & Forecast 2018-2028, (USD Million)
-Tuberculosis- Market Size & Forecast 2018-2028, (USD Million)
-Other Infectious Diseases- Market Size & Forecast 2018-2028, (USD Million)
-Cardiac Marker Testing- Market Size & Forecast 2018-2028, (USD Million)
-Troponin I and T Testing- Market Size & Forecast 2018-2028, (USD Million)
-CK-MB Testing- Market Size & Forecast 2018-2028, (USD Million)
-BNP and NT-Probnp Testing- Market Size & Forecast 2018-2028, (USD Million)
-Myoglobin Testing- Market Size & Forecast 2018-2028, (USD Million)
-D-Dimer Testing- Market Size & Forecast 2018-2028, (USD Million)
-Other Cardiac Marker Tests- Market Size & Forecast 2018-2028, (USD Million)
-Pregnancy & Fertility Testing- Market Size & Forecast 2018-2028, (USD Million)
-Pregnancy Testing- Market Size & Forecast 2018-2028, (USD Million)
-Fertility Testing- Market Size & Forecast 2018-2028, (USD Million)
-Cholesterol Testing/Lipid Profile- Market Size & Forecast 2018-2028, (USD Million)
-Drugs of Abuse Testing- Market Size & Forecast 2018-2028, (USD Million)
-Other Clinical Tests- Market Size & Forecast 2018-2028, (USD Million)
-Veterinary Diagnostics- Market Size & Forecast 2018-2028, (USD Million)
-Food Safety & Environment Testing- Market Size & Forecast 2018-2028, (USD Million)
-Drug Development & Quality Testing- Market Size & Forecast 2018-2028, (USD Million)
By Technique
-Sandwich Assays- Market Size & Forecast 2018-2028, (USD Million)
-Competitive Assays- Market Size & Forecast 2018-2028, (USD Million)
-Multiplex Detection Assays- Market Size & Forecast 2018-2028, (USD Million)
By Therapy
-Lateral Flow Immunoassay- Market Size & Forecast 2018-2028, (USD Million)
-Nucleic Acid Lateral Flow Assay- Market Size & Forecast 2018-2028, (USD Million)
By End-User
-Hospitals & Clinics- Market Size & Forecast 2018-2028, (USD Million)
-Diagnostic Laboratories- Market Size & Forecast 2018-2028, (USD Million)
-Home Care- Market Size & Forecast 2018-2028, (USD Million)
-Pharmaceutical & Biotechnology Companies- Market Size & Forecast 2018-2028, (USD Million)
-Others- Market Size & Forecast 2018-2028, (USD Million)
Geographically Covered
By Region
-North America
-South America
-Europe
-The Middle East and Africa
-Asia-Pacific
Who are the major players in the Lateral Flow Assay industry?
- Abbott Laboratories
- PerkinElmer Inc.
- Merck KGaA, QIAGEN N.V.
- Quidel Corporation
- Hologic Inc.
- Thermo Fisher Scientific Inc.
- bioMerieux SA
- Becton
- Dickinson and Company
- Bio-Rad Laboratories Inc.
- Abcam PLC
- Danaher Corporation
- P4Q Electronics
- Hoffmann-La Roche AG
- Siemens Healthineers
Gain a competitive edge by leveraging our Lateral Flow Assay market report.
- The analysis of the Lateral Flow Assay market provides a comprehensive and in-depth examination of the industry’s size, growth trajectory, competitive landscape, and key players. This thorough analysis equips businesses with a complete understanding of market dynamics, enabling them to make informed decisions.
- Additionally, this research examines current market trends and offers future forecasts, enabling companies to identify emerging opportunities and potential challenges. By grasping market forecasts, businesses can align their strategies and gain a competitive edge.
- The research on the Lateral Flow Assay industry simplifies the process of evaluating and mitigating risks associated with entering or operating within the sector.
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