Press release
Lateral Flow Assay Market Size Worth US$ 10.1 Billion | 7.5% CAGR By 2027 | Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Siemens Healthineers
LATERAL FLOW ASSAY MARKET ANALYSISThe Global Lateral Flow Assay Market was valued US$ 5.68 billion in 2017, and is projected to exhibit a CAGR of 7.5% over the forecast period (2017 - 2025).
The global lateral flow assay market is expected to grow during the forecast period due to the growing requirements for the early diagnosis of infectious diseases and rising demands for point-of-care testing. Ongoing research and development in the field of lateral flow assay technologies enable the introduction of a better and cheaper product in the clinical diagnosis field. Based on lateral flow assay technology, the University of WisconsinโMadison researchers have developed cheap and efficient tuberculosis (TB) diagnostic assays in February 2018. The existing TB diagnosis assays demand time-consuming DNA collection and analysis from sputum samples. This innovative lateral flow assay technique, on the other hand, utilizes lipoarabinomannan (LAM) protein from the urine samples as a biomarker to identify tuberculosis in a short period.
Furthermore, SYGNIS AG launched its Universal Lateral Flow Assay (LFA) kit in October 2017, it is marketed under the name of Innova Biosciences brand. This new product serves as a tool for developing personalized sandwich lateral flow assays quickly and easily, offering physicians quick access to point-of-care testing for early disease detection. Neogen Corp. launched a single-step lateral flow immunochromatographic assay in April 2017. The assay recognizes raw pork and could be used in the food processing industry to filter raw and processed raw meat. This test is a simple and quick way to see whether the pig has been accidentally or intentionally inserted into other raw processed meats. Furthermore, manufacturers are concentrating their efforts on creating a new lateral flow assay system for point-of-care testing that will provide quick, simple, and accurate results at a reduced price.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ง๐ ๐๐๐ญ ๐ ๐ฅ๐๐ญ ๐๐% ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.coherentmarketinsights.com/insight/buy-now/1147
โข The global lateral flow assay market is expected to grow at a CAGR of 7.5 % from 2017 to 2025, owing to the rising infectious disease incidence and the increasing requirement for point-of-care testing from a highly profitable market, particularly in the Middle East, Latin America, Africa, and the Asia Pacific.
โข Due to their inevitability in the lateral flow assay procedure, the kits and reagents segment hold a large market share in the product segment.
โข Due to better proficiency and sensitivity in the detection of antigens when compared to indirectly or directly assay techniques, the sandwich assay segment has the highest market share among techniques.
โข Due to the rising implementation of lateral flow assays for infectious disease detection, the clinical testing segment accounted for the largest share of market share among application segments. In 2015, the World Health Organization (WHO) released recommendations and guidelines for using the lateral flow urine lipoarabinomannan assay for diagnostics and screening of active TB in HIV-positive patients.
โข Diagnostic laboratories segment holds the major market share among end-users, due to a variety of applications of point-of-care, significant cost benefits, and the potential to provide qualitative results within a short period.
โข Some of the key players contributing in the global lateral flow assay market are ๐ง๐ฒ๐๐ฟ๐ฎ๐ฐ๐ผ๐ฟ๐ฒ, ๐๐ป๐ฐ., ๐๐๐บ๐ฎ๐๐ถ๐ ๐๐ผ. ๐๐๐ฑ, ๐๐ฒ๐ฐ๐๐ผ๐ป ๐๐ถ๐ฐ๐ธ๐ถ๐ป๐๐ผ๐ป ๐ฎ๐ป๐ฑ ๐๐ผ., ๐ฆ๐ถ๐ฒ๐บ๐ฒ๐ป๐ ๐๐ฒ๐ฎ๐น๐๐ต๐ถ๐ป๐ฒ๐ฒ๐ฟ๐, ๐๐ป๐ฐ., ๐๐ถ๐ผ-๐ฅ๐ฎ๐ฑ ๐๐ฎ๐ฏ๐ผ๐ฟ๐ฎ๐๐ผ๐ฟ๐ถ๐ฒ๐ ๐๐ป๐ฐ., ๐. ๐๐ผ๐ณ๐ณ๐บ๐ฎ๐ป๐ป-๐๐ฎ ๐ฅ๐ผ๐ฐ๐ต๐ฒ ๐๐., ๐ง๐ต๐ฒ๐ฟ๐บ๐ผ ๐๐ถ๐๐ต๐ฒ๐ฟ ๐ฆ๐ฐ๐ถ๐ฒ๐ป๐๐ถ๐ณ๐ถ๐ฐ ๐๐ป๐ฐ., ๐๐ถ๐ฎ๐ด๐ป๐ผ๐๐๐ถ๐ฐ ๐๐ผ๐ป๐๐๐น๐๐ถ๐ป๐ด ๐ก๐ฒ๐๐๐ผ๐ฟ๐ธ ๐๐ป๐ฐ., ๐ฎ๐ป๐ฑ ๐ค๐ถ๐ฎ๐ด๐ฒ๐ป ๐ก๐ฉ
๐๐จ ๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐๐๐ซ๐ @ https://www.coherentmarketinsights.com/insight/request-pdf/1147
Detailed Segmentation:
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ญ๐๐ซ๐๐ฅ ๐ ๐ฅ๐จ๐ฐ ๐๐ฌ๐ฌ๐๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐:
โข Kits and Reagents
โข Lateral Flow Readers
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ญ๐๐ซ๐๐ฅ ๐ ๐ฅ๐จ๐ฐ ๐๐ฌ๐ฌ๐๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐๐ก๐ง๐ข๐ช๐ฎ๐:
โข Competitive Assay
โข Multiplex Detection Assay
โข Sandwich Assay
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ญ๐๐ซ๐๐ฅ ๐ ๐ฅ๐จ๐ฐ ๐๐ฌ๐ฌ๐๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
โข Veterinary Diagnostics
โข Drug Development and Quality Testing
โข Clinical Testing
โข Food Safety and Environmental Testing
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ญ๐๐ซ๐๐ฅ ๐ ๐ฅ๐จ๐ฐ ๐๐ฌ๐ฌ๐๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ:
โข Hospitals
โข Diagnostic Laboratories
โข Pharmaceutical and Biotechnology Companies
โข Home Care Settings
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ญ๐๐ซ๐๐ฅ ๐ ๐ฅ๐จ๐ฐ ๐๐ฌ๐ฌ๐๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
โข North America
โข Latin America
โข Europe
โข Asia Pacific
โข Middle East
โข Africa
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ง๐ ๐๐๐ญ ๐ ๐ฅ๐๐ญ ๐๐% ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.coherentmarketinsights.com/insight/buy-now/1147
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