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Lateral Flow Assay Market (impact of COVID-19) In-deep Analysis And Healthcare Experts Review Report 2021-2026
The Global Lateral Flow Assay Market Report Provides Business Overview, Market Trends, Industry Challenges, And Forecast 2021-2026The report provides a strategic analysis of the Global Lateral Flow Assay Market and the growth estimates for the forecast period 2021 to 2026. The report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. This report focuses on the major drivers, restraints, opportunities, and threats for key players. Also report focuses on Lateral Flow Assay Market Trends, volume, and value at the global level, regional level, and company level.
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The lateral flow assay market is projected to register a CAGR of 6.3% over the forecast period, with a revenue of USD 7,533 million in 2020 and expected to reach USD 11,551 million by 2026.
Top companies operating in the Global Lateral Flow Assay market profiled in the report are: PerkinElmer Inc, Merck KGaA, QIAGEN NV, Abbott Laboratories (Alere Inc.), Quidel Corporation, Hologic Inc., Thermo Fisher Scientific Inc., bioMerieux SA, Becton, Dickinson and Company, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche AG, Danaher Corporation
Key Market Trends
Clinical Testing, by Application is Expected to Hold the Largest Market Share in the Lateral Flow Assay Market
The pandemic has drastically increased launches and research in the field of clinical testing, bolstering the segment growth. Roche in September 2020, launched a SARS-CoV-2 Rapid Antigen Test for markets accepting the CE Mark. The SARS-CoV-2 Rapid Antigen Test is for use in point-of-care settings for both symptomatic and asymptomatic people. In October 2020, Access Bio launched Lateral Flow COVID-19 Antigen Test, the US FDA approved the product to detect SARS-CoV-2 infections.
The clinical testing segment is anticipated to hold the largest market share in the LFA market due to its importance in identifying the detection of the disease with a rise in the incidence of infectious diseases. According to the World Health Organization, Global Tuberculosis Report 2020, approximately 1.4 million people died from Tuberculosis-related illnesses in 2019 and nearly 10 million individuals developed tuberculosis in 2019. Hence, the growing burden of tuberculosis is expected to drive the need for rapid and affordable diagnostics, especially in developing countries, which aids in the growth of the studied market.
Industry News:
PerkinElmer to Donate 1 Million Rapid COVID-19 Antigen Tests to Combat the Pandemic’s Second Wave in India[May 6, 2021]
As India faces a second wave of COVID-19, PerkinElmer Inc., a global leader committed to innovating for a healthier world, will donate 1 million PerkinElmer® COVID-19 Antigen Tests to the Government of India (GoI) to help accelerate testing capabilities across the country. With the support of the US-India Strategic Partnership Forum (USISPF), PerkinElmer COVID-19 Antigen Test kits will be distributed to government hospitals and testing centers across 10 states of India.
The PerkinElmer COVID-19 Antigen Test is a lateral flow immunoassay ideally suited for point-of-care (POC) and non-clinical settings. The CE marked assay may be used with nasal or nasopharyngeal swab specimens to screen or to aid in the diagnosis of both asymptomatic and symptomatic individuals, and it is capable of delivering a positive or negative result in as little as 15 minutes.
Global Lateral Flow Assay Market Split by Product Type and Applications:
Market Segment by Type, covers:
Lateral Flow Readers
Digital/Mobile Readers
Benchtop Readers
Kits and Reagents
Market Segment by Applications, covers:
Home Care
Hospitals and Clinics
Other End Users
Regional Analysis For Lateral Flow Assay Market:
North America, Latin America, Asia-Pacific, Africa, and Europe and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users. The global Lateral Flow Assay Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.
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Major Points Covered in TOC:
Overview: Along with a broad overview of the global Lateral Flow Assay market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
Analysis on Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Lateral Flow Assay market.
Study on Key Market Trends: This section of the report offers a deeper analysis of the latest and future trends of the Lateral Flow Assay market.
Market Forecasts: Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Lateral Flow Assay market.
Regional Growth Analysis: All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
Market Analysis: The report provides accurate and reliable forecasts of the market share of important segments of the Lateral Flow Assay market. Market participants can use this analysis to make strategic investments in key growth pockets of the Lateral Flow Assay market.
Research Methodology:
Lateral Flow Assay Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Lateral Flow Assay Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage share, split, and breakdowns have been determined using secondary sources and verified primary sources.
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How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
We also offer customization on reports based on specific client requirement:
1- Free Country level analysis for any 5 countries of your choice.
2- Free Competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points
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Irfan Tamboli (Head of Sales) – MarketInsightsReports
Phone: + 1704 266 3234 | +91-20-412 512 12
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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