Dublin, Dec. 12, 2023 (GLOBE NEWSWIRE) -- The "Lateral Flow Assay Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The future of the global lateral flow assay market looks promising with opportunities in the clinical testing, veterinary diagnostics, food safety & environment testing, and drug development & quality testing markets. The global lateral flow assay market is expected to reach an estimated $13.7 billion by 2030 with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are increased use of home-based lateral flow assay kits, growth in government initiatives to promote health awareness, and rising demand for point-of-care testing.
Lateral Flow Assay Market Insights
- The report forecasts that kits & reagents will remain the larger segment over the forecast period due to its growing adoption for infectious disease testing as they are affordable and easy to use.
- Within this market, food safety & environment testing is expected to witness highest growth over the forecast period due to increasing inclination of food and beverage industry from lab-based conventional microiology procedures towards rapid LFA tests.
- North America will remain the largest region during the forecast period due to the surge in the prevalence of different infectious diseases, larger patient base, and great affordability as high disposable income in the region.
Key Report Features
- Market Size Estimates: Lateral flow assay market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Lateral flow assay market size by various segments, such as by product, technique, application, end use, and region in terms of value ($B).
- Regional Analysis: Lateral flow assay market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different products, techniques, applications, end uses, and regions for the lateral flow assay market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the lateral flow assay market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Lateral Flow Assay by Segment
The study includes a forecast for the global lateral flow assay by product, technique, application, end use, and region.
Lateral Flow Assay Market by Product:
- Kits & Reagents
- Lateral Flow Readers
Lateral Flow Assay Market by Technique:
- Sandwich Assays
- Competitive Assays
- Multiplex Detection Assays
Lateral Flow Assay Market by Application:
- Clinical Testing
- Veterinary Diagnostics
- Food Safety & Environment Testing
- Drug Development & Quality Testing
Lateral Flow Assay Market by End Use:
- Hospitals & Clinics
- Diagnostic Laboratories
- Home Care
- Pharmaceutical & Biotechnology Companies
- Others
Lateral Flow Assay Market by Region:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Lateral Flow Assay Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lateral flow assay companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the lateral flow assay companies profiled in this report include-
- Siemens
- Hologic
- Bio-Rad Laboratories
- Abbott Laboratories
- Biomerieux
- Danaher
- F. Hoffmann-La Roche
- Becton And Dickinson
- Perkinelmer
- Thermo Fisher Scientific
Key Topics Covered:
1. Executive Summary
2. Global Lateral Flow Assay Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Lateral Flow Assay Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Lateral Flow Assay Market by Product
3.3.1: Kits & Reagents
3.3.2: Lateral Flow Readers
3.4: Global Lateral Flow Assay Market by Technique
3.4.1: Sandwich Assays
3.4.2: Competitive Assays
3.4.3: Multiplex Detection Assays
3.5: Global Lateral Flow Assay Market by Application
3.5.1: Clinical Testing
3.5.2: Veterinary Diagnostics
3.5.3: Food Safety & Environment Testing
3.5.4: Drug Development & Quality Testing
3.6: Global Lateral Flow Assay Market by End Use
3.6.1: Hospitals & Clinics
3.6.2: Diagnostic Laboratories
3.6.3: Home Care
3.6.4: Pharmaceutical & Biotechnology Companies
3.6.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.2: Emerging Trends in the Global Lateral Flow Assay Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Lateral Flow Assay Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Lateral Flow Assay Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
- Siemens
- Hologic
- Bio-Rad Laboratories
- Abbott Laboratories
- Biomerieux
- Danaher
- F. Hoffmann-La Roche
For more information about this report visit https://www.researchandmarkets.com/r/k93sc5
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