According to a report, “Lateral Flow Assay Market Size, Share & Trends Analysis Report By Product (Kits & Reagents, Lateral Flow Readers), By End Use, By Application (Clinical Testing, Veterinary Diagnostics), By Technique, By Region, And Segment Forecasts, 2019 － 2026”, lateral flow assays are cellulose based devices used in the detection of a target component in the liquid sample excluding the need for any specialized equipment. Growing prevalence of infectious disease is expected to remain pivotal for market growth in the coming years.
The geriatric population widely suffers from inflammatory and bowel diseases. Although the treatments are available worldwide, there is a huge demand for lateral flow assays since these devices enhance the treatment methods for geriatric population. For instance, according to the U.S. Department of Health & Human Services, the U.S. Government has formed the President’s Emergency Plan for AIDS Relief (PEPFAR). This emergency plan works towards the prevention, response and early detection of existing as well new risks related to immune system.
In addition, the rise in prevalence of infectious diseases is expected to propel the market growth in the coming years. According to the WHO, alone in 2019, there were more than 219 million cases of malaria and more than 10 million cases of TB in Africa and South East Asia.
Lateral Flow Assay Market Report Highlights:
Kits & reagents held the largest share based on product as they offer easy, effective, and rapid diagnosis of chronic and infectious diseases
The clinical testing segment held the largest market share in the past years owing to increase in incidence of infectious diseases, rise in pressure to reduce overall healthcare costs, and increasing demand for POC testing devices that can be used at any healthcare setting
Technological advancements in the healthcare sector, innovation in technology and devices, and increase in the adoption of POC testing by patients and healthcare professionals is anticipated to fuel market growth during the forecast period
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Grand View Research has segmented the global lateral flow assay market on the basis of product, application, technique, end use, and region:
Lateral Flow Assay Product Outlook (Revenue, USD Million, 2015 － 2026)
Kits & Reagents
Lateral Flow Readers
Digital/Mobile Readers
Benchtop Readers
Lateral Flow Assay Application Outlook (Revenue, USD Million, 2015 － 2026)
Clinical Testing
Infectious Diseases Testing
Mosquito Borne Disease Testing
Influenza Testing
Sexually Transmitted Infection Testing
HIV Testing
HPV Testing
Chlamydia Testing
Gonorrhea Testing
Syphilis Testing
Others
Hepatitis
Tuberculosis
Others
Cardiac Marker Testing
Troponin-I and T-Testing
CK－MB Testing
BNP and NT-ProBNP Testing
Myoglobin Testing
D-Dimer Testing
Others
Pregnancy & Fertility Testing
Pregnancy Testing
Fertility Testing
Cholesterol Testing/Lipid Profile Testing
Drugs of Abuse Testing
Others
Veterinary Diagnostics
Food safety & Environment Testing
Drug Development & Quality Testing
Lateral Flow Assay Technique Outlook (Revenue, USD Million, 2015 － 2026)
Sandwich Assay
Competitive Assay
Multiplex Detection Assay
Lateral Flow Assay End-use Outlook (Revenue, USD Million, 2015 － 2026)
Hospitals & Clinics
Diagnostic Laboratories
Home Care
Pharmaceutical & Biotechnology Companies
Others
Lateral Flow Assay Regional Outlook (Revenue, USD Million, 2015 － 2026)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Russia
Asia Pacific
China
India
Japan
South Korea
Australia
Latin America
Mexico
Brazil
Argentina
MEA
South Africa
Saudi Arabia
UAE
List of Key Players for Lateral Flow Assay Market:
Quidel Corporation
Hologic Inc
Thermo Fisher Scientific Inc
F.Hoffman-La Roche
Siemens AG
Danaher Corporation
Becton Dickinson and Company
Bio-Rad
BioMerieux
PerkinElmer
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