Global Lateral Flow Assays Market Size study, By Product (Kits & Reagents, Benchtop Readers), By Application (Clinical Testing, Veterinary Diagnostics, Food Safety & Environment Testing, ), By Technique (Sandwich Assays, Competitive Assays, Multiplex Detection Assays) By End-use (Hospitals & Clinics, Diagnostic Laboratories, Home Care, Pharmaceutical & Biotechnology Companies, Others) and Regional Forecasts 2021-2027

BIZ4899683
200 Pages
January 2022
Medical Devices

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Global Lateral Flow Assays Market is valued at approximately USD 7.2 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.0 % over the forecast period 2021-2027. Lateral Flow Assays is a detection technique majorly used in hospitals for rapid testing. It takes only 5-30 mins to provide the result. LFA’s are mainly used for the detection of antibodies, antigens, and various biological sample testing. Due to the expanded application of lateral flow assays, these are broadly used in biomedicine, agriculture, and environmental sciences. Rising demand for point-of-care testing has led to the adoption of Lateral Flow Assays across the forecast period. For Instance: according to the Royal Society of Chemistry in 2021. the lateral flow assays are the simplest and majorly used biosensors for analytical detection used for point-of-care diagnostic applications in various diseases such as malaria, influenza, tuberculosis, and HIV etc. LFA’s are also widely used in environmental monitoring, food safety testing and biological agent detection. Increasing incidences of infectious diseases and chronic diseases push the market growth of lateral flow assays. However, the popularity of already existing techniques such as PCR and molecular diagnostics impedes the growth of the market over the forecast period of 2021-2027. Also, with the increasing usage of home-based lateral flow assay devices, the adoption & demand for Lateral Flow Assays is likely to increase the market growth during the forecast period.

The regional analysis of the global Lateral Flow Assays market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the growing incidences of respiratory infections, rising government funding for research and presence of advanced healthcare infrastructure. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising demand due to increasing cases of chronic diseases would create lucrative growth prospects for the Lateral Flow Assays market across Asia-Pacific region.

Major market players included in this report are:

Abbott

Thermo Fisher Scientific, Inc.

F. Hoffmann-La Roche AG

Bio-rad Laboratories, Inc.

Biomérieux SA

Quidel Corporation

Hologic, Inc.

Perkinelmer, Inc.

Merck KGAA

Becton, Dickinson and Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

A Kits & Reagents

Lateral Flow Readers

By Application:

Clinical Testing

Veterinary Diagnostics

Food Safety & Environment Testing

Drug Development & Quality Testing

By Technique:

Sandwich Assays

Competitive Assays

Multiplex Detection Assays

By End-Use:

Hospitals & Clinics

Diagnostic Laboratories

Home Care

Pharmaceutical & Biotechnology Companies

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Lateral Flow Assays Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Global Lateral Flow Assays Market, by Region, 2019-2027 (USD Billion)

1.2.2. Global Lateral Flow Assays Market, by Product, 2019-2027 (USD Billion)

1.2.3. Global Lateral Flow Assays Market, by Application, 2019-2027 (USD Billion)

1.2.4. Global Lateral Flow Assays Market, by Technique, 2019-2027 (USD Billion)

1.2.5. Global Lateral Flow Assays Market, by End-use, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Lateral Flow Assays Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Lateral Flow Assays Market Dynamics

3.1. Lateral Flow Assays Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Rising demand for Point-of-Care Testing

3.1.1.2. Increasing incidences of infectious diseases and chronic diseases

3.1.2. Market Challenges

3.1.2.1. Popularity of already existing techniques such as PCR and molecular Diagnostics

3.1.3. Market Opportunities

3.1.3.1. Increasing usage in Home-based lateral flow assay devices

Chapter 4. Global Lateral Flow Assays Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Lateral Flow Assays Market, by Product

5.1. Market Snapshot

5.2. Global Lateral Flow Assays Market by Product, Performance - Potential Analysis

5.3. Global Lateral Flow Assays Market Estimates & Forecasts by Product 2018-2027 (USD Billion)

5.4. Lateral Flow Assays Market, Sub Segment Analysis

5.4.1. A Kits & Reagents

5.4.2. Lateral Flow Readers

Chapter 6. Global Lateral Flow Assays Market, by Application

6.1. Market Snapshot

6.2. Global Lateral Flow Assays Market by Application Performance - Potential Analysis

6.3. Global Lateral Flow Assays Market Estimates & Forecasts by Application 2018-2027 (USD Billion)

6.4. Lateral Flow Assays Market, Sub Segment Analysis

6.4.1. Clinical Testing

6.4.2. Veterinary Diagnostics

6.4.3. Food Safety & Environment Testing

6.4.4. Drug Development & Quality Testing

Chapter 7. Global Lateral Flow Assays Market, by Technique

7.1. Market Snapshot

7.2. Global Lateral Flow Assays Market by Technique Performance - Potential Analysis

7.3. Global Lateral Flow Assays Market Estimates & Forecasts by Technique 2018-2027 (USD Billion)

7.4. Lateral Flow Assays Market, Sub Segment Analysis

7.4.1. Sandwich Assays

7.4.2. Competitive Assays

7.4.3. Multiplex Detection Assays

Chapter 8. Global Lateral Flow Assays Market, by End-use

8.1. Market Snapshot

8.2. Global Lateral Flow Assays Market by End-use Performance - Potential Analysis

8.3. Global Lateral Flow Assays Market Estimates & Forecasts by End-use 2018-2027 (USD Billion)

8.4. Lateral Flow Assays Market, Sub Segment Analysis

8.4.1. Hospitals & Clinics

8.4.2. Diagnostic Laboratories

8.4.3. Home Care

8.4.4. Pharmaceutical & Biotechnology Companies

8.4.5. Others

Chapter 9. Global Lateral Flow Assays Market, Regional Analysis

9.1. Lateral Flow Assays Market, Regional Market Snapshot

9.2. North America Lateral Flow Assays Market

9.2.1. U.S. Lateral Flow Assays Market

9.2.1.1. Product breakdown estimates & forecasts, 2018-2027

9.2.1.2. Application breakdown estimates & forecasts, 2018-2027

9.2.1.3. Technique breakdown estimates & forecasts, 2018-2027

9.2.1.4. End-use breakdown estimates & forecasts, 2018-2027

9.2.2. Canada Lateral Flow Assays Market

9.3. Europe Lateral Flow Assays Market Snapshot

9.3.1. U.K. Lateral Flow Assays Market

9.3.2. Germany Lateral Flow Assays Market

9.3.3. France Lateral Flow Assays Market

9.3.4. Spain Lateral Flow Assays Market

9.3.5. Italy Lateral Flow Assays Market

9.3.6. Rest of Europe Lateral Flow Assays Market

9.4. Asia-Pacific Lateral Flow Assays Market Snapshot

9.4.1. China Lateral Flow Assays Market

9.4.2. India Lateral Flow Assays Market

9.4.3. Japan Lateral Flow Assays Market

9.4.4. Australia Lateral Flow Assays Market

9.4.5. South Korea Lateral Flow Assays Market

9.4.6. Rest of Asia Pacific Lateral Flow Assays Market

9.5. Latin America Lateral Flow Assays Market Snapshot

9.5.1. Brazil Lateral Flow Assays Market

9.5.2. Mexico Lateral Flow Assays Market

9.6. Rest of The World Lateral Flow Assays Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies

10.2. Company Profiles

10.2.1. Abbott

10.2.1.1. Key Information

10.2.1.2. Overview

10.2.1.3. Financial (Subject to Data Availability)

10.2.1.4. Product Summary

10.2.1.5. Recent Developments

10.2.2. Thermo Fisher Scientific, Inc.

10.2.3. F. Hoffmann-La Roche AG

10.2.4. Bio-rad Laboratories, Inc.

10.2.5. Biomérieux SA

10.2.6. Quidel Corporation

10.2.7. Hologic, Inc.

10.2.8. Perkinelmer, Inc.

10.2.9. Merck KGAA

10.2.10. Becton, Dickinson and Company

Chapter 11. Research Process

11.1. Research Process

11.1.1. Data Mining

11.1.2. Analysis

11.1.3. Market Estimation

11.1.4. Validation

11.1.5. Publishing

11.2. Research Attributes

11.3. Research Assumption

List of Tables

TABLE 1. Global Lateral Flow Assays market, report scope

TABLE 2. Global Lateral Flow Assays market estimates & forecasts by Region 2018-2027 (USD Billion)

TABLE 3. Global Lateral Flow Assays market estimates & forecasts by Product 2018-2027 (USD Billion)

TABLE 4. Global Lateral Flow Assays market estimates & forecasts by Application 2018-2027 (USD Billion)

TABLE 5. Global Lateral Flow Assays market estimates & forecasts by Technique 2018-2027 (USD Billion)

TABLE 6. Global Lateral Flow Assays market estimates & forecasts by End-use 2018-2027 (USD Billion)

TABLE 7.

TABLE 8. Global Lateral Flow Assays market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Lateral Flow Assays market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Lateral Flow Assays market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Lateral Flow Assays market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Lateral Flow Assays market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Lateral Flow Assays market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Lateral Flow Assays market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Lateral Flow Assays market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Lateral Flow Assays market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Lateral Flow Assays market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. U.S. Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. U.S. Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 20. U.S. Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 21. Canada Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. Canada Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 23. Canada Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 24. UK Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 25. UK Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. UK Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 27. Germany Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 28. Germany Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. Germany Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 30. RoE Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 31. RoE Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. RoE Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 33. China Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 34. China Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. China Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 36. India Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 37. India Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. India Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 39. Japan Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 40. Japan Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. Japan Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 42. RoAPAC Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 43. RoAPAC Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. RoAPAC Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 45. Brazil Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 46. Brazil Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. Brazil Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 48. Mexico Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 49. Mexico Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. Mexico Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 51. RoLA Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 52. RoLA Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. RoLA Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 54. Row Lateral Flow Assays market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 55. Row Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 56. Row Lateral Flow Assays market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 57. List of secondary sources, used in the study of global Lateral Flow Assays market

TABLE 58. List of primary sources, used in the study of global Lateral Flow Assays market

TABLE 59. Years considered for the study

TABLE 60. Exchange rates considered

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