Lateral Flow Assay Market Size, Share - Industry Trend and Forecast 2017 - 2025

" Lateral Flow Assay Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" is the latest addition to MarketResearchReports.Biz industry research reports collection.

The objectives of this study are as follows:

To define, describe, and forecast the "Lateral Flow Assay" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Lateral flow assay is used to confirm the presence or absence of a target analyte such as pathogens or biomarkers in humans or animals. Lateral flow tests are commonly used in human health. Lateral flow immunoassay is also known as immunochromatographic assay or strip tests. Lateral flow assays are used in medical diagnostics either for home testing, point-of-care testing, or laboratory use. It is highly used for home pregnancy test. A lateral flow assay strip consists of sample pad, conjugate or reagent pad, reaction membrane, and wick or waste reservoir. Lateral flow tests are of different types, such as sandwich assay and competitive assay. Sandwich assay is a positive test represented by the presence of a colored line at the test line position. Competitive assay is a positive test represented by the absence of a colored line at the test line position. Both sandwich and competitive assays can be developed to include one or more test lines. For instance, nucleic acid lateral flow immunoassay PCRD is a multiplexed sandwich assay containing two test lines and one control line. Lateral flow assays utilize conjugated gold, carbon, or colored latex nanoparticles within the conjugate pad. Other labels include magnetic beads or colored polystyrene beads.

High prevalence of infectious diseases, rise in geriatric population, increase in demand for home-based lateral flow assay test kits, surge in demand for point-of-care testing, and rise in disposable income in developing countries are the key drivers of the global lateral flow assay market. Other factors such as technological advancements and growing product acceptance are likely to propel the global lateral flow assay market. However, stringent regulation and inconsistency in test results are expected to restrain the global lateral flow assay market.

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The global lateral flow assay market can be segmented based on product type, technique, application, end-user, and region. In terms of product type, the market has been classified into kits & reagents, lateral flow readers, benchtop readers, and mobile readers. Based on technique, the global lateral flow assay market can be categorized into sandwich assays, competitive assays, and multiplexed lateral flow assays. In terms of application, the market can be divided into pregnancy & fertility testing, infectious diseases testing, drugs of abuse testing, clinical testing, and others. Based on end-user, the global lateral flow assay market can be classified into hospitals and clinics, home settings, diagnostic centers and others

Geographically, the global lateral flow assay market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

North America dominates the global lateral flow assay market due to rise in demand for home health care, increase in prevalence of multiple chronic conditions, early adoption of test procedures, and presence of large number of key players. Factors such as rise in prevalence of infectious diseases and increase in consumption of drugs and alcohol make Europe the second-largest market for lateral flow assays. The market in Asia Pacific is expected to expand at a high growth rate during the forecast period due to large population base, rise in disposable income, increase in government initiatives to provide better health care facilities, significant patient pool, and high awareness among people. Rise in prevalence of viral diseases is another driver of the lateral flow assay market in Asia Pacific.

Major players operating in the global lateral flow assay market include Alere, Inc., Danaher Corporation, Hoffmann-La Roche AG, Siemens AG, Becton, Dickinson and Company, bioMérieux SA, Bio-Rad Laboratories, Inc., Merck KGaA, Trinity Biotech plc, Cytodiagnostics, Inc., Thermo Fisher Scientific, Inc., QIAGEN N.V., and PerkinElmer, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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