Lateral flow assay is a device used to detect the presence of a target analyte in the liquid sample. These are mostly used in hospitals, clinical laboratories for the qualitative and quantitative detection of specific antigens and antibodies. Global lateral flow assay market was valued at $XX billion in 2017 and expected to reach $XX billion by 2025 with a CAGR of XX% during the forecast period from 2019-2025. The factors like rapidly increasing geriatric population, growing demand for point-of-care testing, the high prevalence of infectious diseases globally and growing usage of home based lateral flow assay devices are driving the market growth. The factors like reluctance towards changing existing diagnostic practices, stringent & time-consuming regulatory policies are hampering the market growth. Growing applications of lateral low assay tests in clinical diagnostics and lateral flow point-of-need assays are profiting the market growth.
Research Study Objectives:
- Define, estimate, and forecast the Lateral Flow Assay market statistics by technique, product, application, end user and regions concerning the individual growth drivers, market trends and their contribution toward the Lateral Flow Assay market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Lateral Flow Assay Market Analysis report.
- Analysis and conclusions on the future Lateral Flow Assay market outlook.
Top-down and bottom-up approaches are used to validate the Lateral Flow Assay Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including
Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Lateral Flow Assay Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Lateral Flow Assay market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Lateral Flow Assay market segmentation is as follows:
By Technique
- Competitive Assays
- Sandwich Assays
- Multiplex Detection Assays
By Product
- Lateral Flow Readers
- Benchtop Readers
- Digital/Mobile Readers
- Kits & Reagents
By Application
- Food Safety & Environment Testing
- Drug Development & Quality Testing
- Veterinary Diagnostics
- Clinical/Point-of-Care Testing
- Cardiac Marker Testing
- Cholesterol/Lipid Testing
- Drugs-of-Abuse Testing
- Pregnancy & Fertility Testing
- Fertility Testing
- Pregnancy Testing
- Infectious Disease Testing
- Tuberculosis
- Hepatitis
- Sexually Transmitted Infections
- Influenza Testing
- Mosquito-Borne Disease Testing
- Others
By End User
- Pharmaceutical and Biotechnology Companies
- Diagnostic Laboratories
- Hospitals and Clinics
- Home Care
- Others
Geographical Analysis:
Lateral Flow Assay Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China,
India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Lateral Flow Assay Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Lateral Flow Assay Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Lateral Flow Assay market players, such as
- Biomérieux SA
- Bio-Rad Laboratories, Inc.
- Thermo fisher Scientific, Inc.
- Qiagen N.V.
- Perkinelmer Inc.
- Along with these companies, many other companies are considered in the report while analysing the Global Lateral Flow Assay competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
