The Lateral Flow Assay Market is projected to register a CAGR of 6% over the forecast period, with a revenue of USD 7,533 million in 2021 and expected to reach USD 11,551 million by 2028.
Lateral flow analysis, also known as lateral flow immunochromatographic analysis, is a device used to detect the presence (or absence) of a target analyte, such as a biomarker or pathogen, in a sample (matrix). Lateral flow analysis is primarily used for point-of-care testing, home testing, and medical diagnostics for laboratory use. A side flow assay strip consists of a conjugate or reagent pad, a sample pad, a wick or waste reservoir, and a reaction membrane.
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Market Segments
By Type
- Kits & Reagents
- Lateral Flow Readers
By Application
- Clinical Testing
- Food Safety & Environmental Testing
- Drug Development & Quality Testing
By Technique
- Sandwich Assays
- Competitive Assays
- Multiplex Detection Assays
Key Players
- Abbott Laboratories
- bioMerieux S.A
- Bio-Rad Laboratories Inc.
- Danaher Corporation
- QIAGEN N.V.
- Thermo Fisher Scientific, Inc.
- Siemens Healthineers
- Hologic Inc.
- F. Hoffmann-La Roche Ltd
Scope of the Report
The research study analyzes the global Lateral Flow Assay industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Lateral Flow Assay Market is available at: https://www.orionmarketreports.com/lateral-flow-assay-2-market/73051/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Lateral Flow Assay Market Report
1. What was the Lateral Flow Assay Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Lateral Flow Assay Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Lateral Flow Assay Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Lateral Flow Assay market.
- The market share of the global Lateral Flow Assay market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Lateral Flow Assay market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Lateral Flow Assay market.
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