Lateral Flow Assay Market Booming With Roche, Siemens, Danaher Corporation, Johnson & Johnson, BD, bioMérieux, Bio-Rad Laboratories, Thermo Fisher Scientific, Qiagen, Perkinelmer, Inc., Abbott, Hologic, Inc., Quidel, Abingdon Health, Alere, Inc :By 2025
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Global Lateral Flow Assay Market is expected to reach USD 10.67 billion by 2025, from USD 5.72 billion in 2017 growing at a CAGR of 8.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Developments in the Market:
• In July 2018, Abingdon Health (U.K.) launched ADxLR5 Developer. This product is eveloped for lateral flow assay. Through this product launch the company had expanded its product portfolio.
• In November 2017, Sygnis AG (U.K.) have launched lateral-flow assay products and services commercialized under the brand name Innova Biosciences. Through this product launch the company had expanded its lateral flow assays product portfolio.
Competitive Analysis: Global Lateral Flow Assay Market
Global lateral flow assay market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lateral flow assay market for global, Europe, North America, Asia Pacific and South America.
Drivers and Restraints:
• High prevalence of infectious diseases
• Rapidly increasing geriatric population
• Growing usage of home-based lateral flow assay devices
• Growing demand for point-of-care testing
• Lack of trained care takers for efficient operation of patient handling equipment
• Less reimbursements policies for lateral flow assay products
• Rising demand for lateral flow assays in the food & beverage industry
• Increasing applications of lateral flow point-of-need assays.
Segmentation: Global Lateral Flow Assay Market
The global lateral flow assay market is segmented based on
• end user
Based on product the global lateral flow assay market is segmented into
• Kits & Reagents,
• Lateral Flow Readers.
Lateral flow readers are further sub segmented into
• digital/mobile readers
• benchtop readers.
Based on technique the global lateral flow assay market is segmented into
• sandwich assays,
• competitive assays
• multiplex detection assays.
Based on application the global lateral flow assay market is segmented into
• clinical/point-of-care testing,
• veterinary diagnostics,
• food safety & environment testing,
• drug development & quality testing.
Clinical/Point-of-Care testing is further sub-segmented into
• cardiac marker testing
• pregnancy & fertility testing,
• cholesterol/lipid testing,
• drugs-of-abuse testing infectious disease testing
Based on End User the global lateral flow assay market is segmented into
• hospitals and clinics,
• home care,
• pharmaceutical and
• biotechnology companies
• diagnostic laboratories,
Based on geography, the market report covers data points for 28 countries across multiple geographies namely
• North America & South America,
• Asia-Pacific and,
• Middle East & Africa.
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Competitors/Players: Global Lateral Flow Assay Market
• Danaher Corporation,
• Johnson & Johnson,
• Becton Dickinson,
• Bio-Rad Laboratories,
• Thermo Fisher Scientific,
• Qiagen, Perkinelmer, Inc.,
• Hologic, Inc.,
• Abingdon Health,
• Alere, Inc,
• Trinity Biotech,
• Lumos Diagnostics
• among others.
List of Chapters:
1 Lateral Flow Assay Market Overview
2 Global Lateral Flow Assay Market Competitions by Manufacturers
3 Global Lateral Flow Assay Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Lateral Flow Assay Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Lateral Flow Assay Production, Revenue (Value), Price Trend by Type
6 Global Lateral Flow Assay Market Analysis by Application
7 Global Lateral Flow Assay Manufacturers Profiles/Analysis
8 Lateral Flow Assay Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Lateral Flow Assay Market Forecast (2018-2025)
13 Research Findings and Conclusion
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