Press release
Lateral Flow Assay Market to Witness Robust Expansion by 2024– Top Key players like Abbott,Hologic,PerkinElmer,Inc.
This report focuses on the key global Lateral Flow Assay players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Lateral Flow Assay with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Lateral Flow Assay is a simple to use diagnostic device used to confirm the presence or absence of a target analyte, such as pathogens or biomarkers in humans or animals, or contaminants in water supplies, foodstuffs, or animal feeds.
Factor such as the high prevalence of infectious diseases across the globe, rapidly increasing geriatric population, increasing usage of home-based lateral flow assay devices, and growing demand for point-of-care testing are fueling the growth of the market. The global market of Lateral Flow Assay Industry is not concentrated due to the wide application and consumption scale.
Based on application, the lateral flow assay market is segmented into Medicine, Environment Testing and Food Safety. The medicine and food safety segment are expected to grow at the highest CAGR during the forecast period. The medical sector accounts for the largest market share, approximately 54% in 2018.The high growth of this segment is driven by the medical diagnosis industry to rapid lateral flow assay tests and the shifting of the food & beverage industry from lab-based conventional microbiology techniques to rapid lateral flow assay tests.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field.
In 2018, the global Lateral Flow Assay market size was 4674.6 million US$ and it is expected to reach 7183.5 million US$ by the end of 2025, with a CAGR of 6.3% during 2019-2025.
Market Segment by Manufacturers, this report covers
Thermo Fisher
Bio-Rad Laboratories
Becton, Dickinson
Abbott
Hologic
PerkinElmer
Quidel Corporation
Biomérieux
Qiagen
Siemens
BUHLMANN
IMMY
Market Segment by Type, covers
Sandwich Assays
Competitive Assays
Market Segment by Applications, can be divided into
Medicine
Environment Testing
Food Safety
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Related Information:
North America Lateral Flow Assay Market Growth 2019-2024
United States Lateral Flow Assay Market Growth 2019-2024
Asia-Pacific Lateral Flow Assay Market Growth 2019-2024
Europe Lateral Flow Assay Market Growth 2019-2024
EMEA Lateral Flow Assay Market Growth 2019-2024
Global Lateral Flow Assay Market Growth 2019-2024
China Lateral Flow Assay Market Growth 2019-2024
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