Lateral Flow Assays Market Size To Reach USD 11.66 Billion By 2028 Says Reports And Data

The global lateral flow assays market size is expected to reach USD 11.66 billion by 2028 at a CAGR of 4.6%, according to the latest report by Reports and Data. Rising consumption rate for home-based lateral flow testing solutions and products, and growing requirement of better point-of-care testing products are a few major factors driving the revenue growth of the lateral flow assays market.

Increasing geriatric population leads to rising prevalence of different types of infectious diseases across the globe, which is one of the most crucial factors expected to propel the revenue growth of the lateral flow assays market during the forecasted period.

However, lack of preference from consumers to shift from conventional diagnostic testing methods and adopting advanced methods is one of the significant factors predicted to restrain the market revenue growth to a certain extent between 2021 & 2028.

Key companies in the Lateral Flow Assays market include:

F. Hoffman-La Roche Ltd. (Switzerland), Danaher Corporation (U.S.), Abbott Laboratories (U.S.), Siemens AG (Germany), Becton, Dickinson and Company (U.S.), Rad Laboratories (U.S.), bioMérieux SA (France), Bio Thermo Fisher Scientific, Inc. (U.S.), PerkinElmer Inc. (U.S.), QIAGEN N.V. (Netherlands), Quidel Corporation (U.S.), Hologic Inc. (U.S.), Merck KGaA (Germany), Abcam plc (UK).

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4086

For the purpose of this report, Reports and Data has segmented the global lateral flow assays market on the basis of product, application, technique, sample type, end user, and region:

Product Outlook (Revenue, USD Billion, 2018 - 2028)

Kits & Reagents
Lateral Flow Readers
Digital/Handheld Readers
Benchtop Readers
Mobile/Smartphone Readers

Application Outlook (Revenue, USD Billion, 2018 - 2028)

Clinical Testing
Cardiac Marker Testing
Veterinary Diagnostics

Food Safety & Environment Testing
Drug Development & Quality Testing
Technique Outlook (Revenue, USD Billion, 2018 - 2028)

Sandwich Assays
Competitive Assays
Multiplex Detection Assays
Sample Type Outlook (Revenue, USD Billion, 2018 – 2028)

Blood Samples
Urine Samples
Saliva Samples
Other Samples

End User Outlook (Revenue, USD Billion, 2018 - 2028)

Hospitals & Clinics
Diagnostic Laboratories
Home Care Settings
Pharmaceutical & Biotechnology Companies
Other End Users

Buy now@ https://www.reportsanddata.com/checkout-form/4086

Further key findings in the report

The clinical testing segment is expected to hold largest revenue share in the market during the forecast period due to its significance in disease detection along with a sharp rise in the incidence of different types of infectious diseases.

The food safety & environment testing segment is predicted to register highest revenue share in the lateral flow assays market going ahead. Increasing revenue growth of this segment is attributed to growing demand for lateral flow assays as well as rapid alternatives to various traditional diagnostic methods, especially for detecting foodborne pathogens and contaminants.

The market in North America is expected to account for the largest revenue share in the global lateral flow assays market during the forecast period. Large revenue share of this regional market is resultant of presence of several hospitals and healthcare systems and the increasing geriatric population in the region…Continued

Why should buy this report?

The Lateral Flow Assays markets latest news, forecast analysis as well as the key competitors of the market are easily available with all the necessary information.

The Lateral Flow Assays report comprises of graphs, pie charts and other representations that can help the reader understand the information at a glance.

Through the Lateral Flow Assays report the manufacturers can understand the consumer behavior, business segments as well as sell products-based information provided.

COVID-19 impact on the market and industry as well as the recovery analysis.
To know more about the report @ https://www.reportsanddata.com/report-detail/lateral-flow-assays-market

Thank you for reading our report. For further inquiry, please get in touch with us. Our team will ensure the report is customized to meet your requirements.

Contact Us:

John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

This release was published on openPR.