Comprehensive Research Report on Global Lateral Flow Assay Market Analysis, Growth Forecast 2023-2028
According to MarkNtel Advisors study the Global Lateral Flow Assay Market research report is an extensive document that includes a plethora of information, including several opportunities and dynamics that are pertinent to the 2023–2028 projection period.
The Global Lateral Flow Assay Market was valued at USD 9.3 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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Lateral Flow Assay Market Key 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.
Competitive Landscape & Segmentation Analysis:
In order to provide a clear picture of competitive environment of the studied industry, we conducted a detailed analysis of both the major global players and the important regional small- and medium-sized businesses with significant growth potential. This global Lateral Flow Assay market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.
- 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
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By identifying the high growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities. From a strategic perspective, it looks at each submarket’s unique growth trajectory and market share.
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
Geographically, the Global Lateral Flow Assay extends across the following regions:
By Region
-North America
-South America
-Europe
-The Middle East and Africa
-Asia-Pacific
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Key Benefits for Stakeholders:
- To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the global Lateral Flow Assay market analysis from 2023 to 2028.
- Information on the main factors driving the market as well as the obstacles and possibilities are provided.
- The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter’s five forces analysis.
- A comprehensive examination of the Lateral Flow Assay market segmentation aids in identifying the dominant market opportunities.
- The major countries in each area are shown in relation to the revenue they generate for the global market.
- Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
- The research analyzes market trends for Lateral Flow Assay industry on a regional and global scale, as well as the major competitors, market segments, and industry expansion tactics.
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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