According to the latest report from the IMARC group, entitled “Lateral Flow Assay Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the Lateral Flow Assay Market is expected to grow at a CAGR of XX% during 2022-2027.
The lateral flow assay (LFA), or lateral flow immunochromatographic assay, is a paper-based test solution used in laboratories to detect analytes in complex mixtures. It involves the use of a sample pad, a reaction membrane, a conjugate pad combined with bio-recognition elements and an absorbent pad. LFA is widely used in drug development, veterinary diagnostics, pregnancy, tuberculosis, food safety, influenza, drug abuse, and D-dimer testing. It also helps produce simple, fast, economical and portable detection devices that are used to test biological samples of serum, plasma and blood. As a result, it finds many applications in clinics, diagnostic laboratories, hospitals and pharmaceutical manufacturing units.
Like the novel coronavirus (COVID-19) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest trends and market forecasts are made after taking into account the impact of this pandemic.
Lateral Flow Assay Market Tendencies:
The global lateral flow test market is primarily driven by the increasing prevalence of chronic and infectious diseases. LFA is widely used to detect the presence of pathogens or biomarkers in food, saliva and urine samples. In addition, various technological advancements, such as the development of new applications for smartphones, are driving the growth of the market. These applications are integrated with artificial intelligence (AI) and machine learning (ML) solutions to automate the precise reading of samples. With this in mind, the recent outbreak of coronavirus disease (COVID-19) has helped the market to grow. LFA kits are widely adopted to detect patients with antibodies and those who have recovered from the infection.
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Lateral Flow Assay Market Analysis and segmentation 2021-2026:
Competitive landscape:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Abbott Laboratories, Becton Dickinson and Company, Biomérieux SA, Bio-Rad Laboratories Inc., Danaher Corporation, F. Hoffmann-La Roche AG, Hologic Inc., Merck KGAA, Perkinelmer Inc., Qiagen NV, Quidel Corporation, Siemens Healthineers AG ( Siemens AG) and Thermo Fisher Scientific Inc.
The report has segmented the market on the basis of region, disc type, material type, and end user.
Breaking by Technique:
- Sandwich tests
- Competitive trials
- Multiplex detection tests
Breakdown by product:
- Kits and reagents
- Lateral flow readers
- Digital / mobile readers
- Benchtop readers
Breakdown by application:
- Clinical tests
- Screening for infectious diseases
- Cardiac Marker Test
- Pregnancy and fertility tests
- Cholesterol test / lipid profile
- Drug addiction tests
- Others
- Veterinary diagnosis
- Food safety and environmental testing
- Drug development and quality tests
Breakdown by end user:
- Hospitals and clinics
- Diagnostic laboratories
- Home Care
- Pharmaceutical and biotechnology companies
- Others
Breakdown by region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Ask the analyst for customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/lateral-flow-assay-market
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel etc. Click on request a free sample report, the published report will be emailed to you in PDF format within 24 to 48 hours of receipt of payment in full.
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The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.
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