openPR Logo
Press release

Lateral Flow Assays Market worth USD 10.2 billion by 2025 - Leading Companies are Abbott Laboratories, F. Hoffman-La Roche Ltd, Danaher Corporation, Siemens AG, Becton, Dickinson and Company, and bioMérieux SA

11-25-2020 12:20 PM CET | Health & Medicine

Press release from: MarketsandMarkets

Lateral Flow Assays Market worth USD 10.2 billion by 2025 -

According to the new market research report "Lateral Flow Assays Market by Application (Clinical Testing (Pregnancy, Infectious Diseases (Mosquito, Influenza, STI, Hepatitis, TB) Cardiac Marker Lipid Test) Veterinary, Food Safety), Product, Technique, End User - Global Forecast to 2025", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, APAC, Latin America, Brazil, Mexico, Rest of Latin America, Middle East & Africa and Rest of the World.

The Lateral Flow Assays Market is projected to reach USD 10.2billion by 2025 from 8.2 billion in 2020, at a CAGR of 4.5% during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167205133#utm_source=Openpr&utm_medium=paidpr

The high prevalence of infectious diseases worldwide, rapid growth in the geriatric population, growing demand for point-of-care testing, and rising use of home-based lateral flow assay devices are the major factors driving the growth of this market. However, other reluctance among doctors and patients to change existing diagnostic procedures and the low accuracy of lateral flow assays are the key factors restraining the growth of the market.

By product, the kits & reagents segment is expected to account for the largest share of the Lateral Flow Assays market

Based on product, the market is segmented into kits & reagents and lateral flow readers. The lateral flow readers segment is further segmented into digital/handheld readers, bench top readers, and mobile/smartphone readers. The kits & reagents segment is estimated to account for the largest market share in 2019. The large share of this segment can be attributed to the increasing application of lateral flow kits & reagents for POC testing, the growing burden of chronic diseases, and their convenience and ease of use.

On the basis of application, the food safety &environment testing segment is expected to grow at the highest CAGR in the forecast period

On the basis of application, the lateral flow assays market is segmented into clinical testing, veterinary diagnostics, food safety and environment testing & drug development and quality testing. The food safety and environment testing segment is expected to grow at the fastest rate in the forecast period. The high growth rate of this segment is due to increasing food safety issues and concerns in many sections of the food production industry and wide applications of environment testing due to their ability to handle a wide variety of samples and perform many sample-handling tasks, such as filtration, concentration, and removal of the cross-reactive element.

Browse in-depth TOC on "Lateral Flow Assays Market"
323 – Tables
56 – Figures
346 – Pages
Get 10% Customization on this Research Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=167205133#utm_source=Openpr&utm_medium=paidpr

In case of lateral flow assays kits & reagents, by technique, the sandwich assays segment is expected to hold the highest share in the market during the forecast period

On the basis of technique, the Lateral Flow Assays kits & reagents market is segmented into sandwich assays, competitive assays, and multiplex detection assays. The sandwich assays segment is expected to hold the highest share in the market during the forecast period. The large share of this segment can be attributed to its better assay sensitivity and specificity as well as its extensive application in the measurement of critical analytes (such as cardiac and hepatitis markers).

By Sample Type, Other Samples is projected to grow at the highest rate during the forecast period.

By Type, Lateral Flow Assays is segment in to Blood Samples, Urine Samples, Saliva Samples and Other Samples. The Other Samples segment is projected to grow at the higher CAGR during the forecast period. The high growth of the Other Samples segment can be attributed to increase in R&D and the need for more specific and accurate disease testing.

By End User, hospitals and clinics to dominate the Lateral Flow Assays market during the forecast period

By End User, Lateral Flow Assay market is segmented into Hospitals & Clinics, Home Care Settings, Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies and Other End Users. The Hospitals and Clinics segment is expected to dominate the market in the forecast period. Technological advancements, increasing adoption of point-of-care testing, and the growing inclination toward fast and early diagnosis, especially in relation to the current COVID-19 scenario, are some of the key factors responsible for the highest share of this segment.

North America to dominate the Lateral Flow Assays market during the forecast period

North America is expected to account for the largest share of the Lateral Flow Assay market in 2019, followed by Europe. The dominance of the North American region can be attributed to, increasing R&D investment in the region and presence of a large number of market players.

Request for Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=167205133#utm_source=Openpr&utm_medium=paidpr

Key Players

Prominent players in the Lateral Flow Assaysmarket include Abbott Laboratories (US), F.Hoffman La-Roche Ltd. (Switzerland), Danaher Corporation(US), Becton, Dickinson, and Company (US), Siemens AG (Germany) &Thermofisher Scientific (US)

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's™ flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lateral Flow Assays Market worth USD 10.2 billion by 2025 - Leading Companies are Abbott Laboratories, F. Hoffman-La Roche Ltd, Danaher Corporation, Siemens AG, Becton, Dickinson and Company, and bioMérieux SA here

News-ID: 2195543 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Lateral

Emerging Trends Influencing The Growth Of The Lateral Flow Assays Market: Techno …
The Lateral Flow Assays Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Projected Growth of the Lateral Flow Assays Market? The market for lateral flow assays has seen significant expansion in the previous years. This market is projected to increase from $11.69 billion
Lateral Flow Strip Cutter
In the fast-evolving world of diagnostics and medical testing, lateral flow assays (LFAs) have become a game-changer. But behind every efficient LFA lies a critical piece of equipment-the lateral flow strip cutter. Without accurate cutting of these delicate strips, even the best-designed test can fail. Today, we're diving deep into the world of lateral flow strip cutters, understanding their role, features, types, and how they keep the gears of diagnostic
Amyotrophic Lateral Sclerosis Pipeline Therapeuetics Report 2024
DelveInsight's, "Amyotrophic Lateral Sclerosis Pipeline Insight 2024" report provides comprehensive insights about 75+ companies and 80+ pipeline drugs in Amyotrophic Lateral Sclerosis pipeline landscape. It covers the Amyotrophic Lateral Sclerosis pipeline drug profiles, including clinical and nonclinical stage products. It also covers the Amyotrophic Lateral Sclerosis therapeutics assessment by product type, stage, route of administration, and molecule type. It further highlights the inactive pipeline products in this space. Explore our
Lateral Flow Assays Market - Smart Testing, Simplified: Lateral Flow Assays for …
Newark, New Castle, USA: The "Lateral Flow Assays Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors. Lateral Flow Assays Market: https://www.growthplusreports.com/report/lateral-flow-assays-market/8799 This latest report researches the industry structure,
Lateral Flow Assay Market
Worldwide Lateral Flow Assay Market Analysis to 2027 is a specialized and in-depth study of the Lateral Flow Assay industry with a focus on the global market trend. The report aims to provide an overview of global Lateral Flow Assay market with detailed market segmentation by product & services /application and geography. Get Sample PDF at https://www.theinsightpartners.com/sample/TIPRE00005544/?utm_source=OpenPR&utm_medium=Sumaiya Lateral flow tests, also known as lateral flow immunochromatographic assays. The lateral flow assay
Global Lateral Support Market Growth 2019-2024
LP INFORMATION offers a latest published report on Lateral Support Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the Lateral Support market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,