Press release
Lateral Flow Assay Market is expected that the market will expand at a CAGR of 5% over the forecast period (2022-2032)
Owing to the high adoption of lateral flow assay (LFA) test kits and advancements in point-of-care diagnostics in the healthcare sector, the global lateral flow assay market recorded a value of around US$ 7.9 Bn in 2021. It is expected that the market will expand at a CAGR of 5% over the forecast period (2022-2032).Rising prevalence of infectious diseases is a key factor driving the growth of the market. Emergence of infectious diseases has resulted in increased procurement of point-of-care testing devices and kits by international authorities, such as UNICEF. These authorities are purchasing LFA kits under long-term agreements.
Get a Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/18613
Most notably, LFA tests are widely used due to their ease of application, which helps avoid multiple visits to the hospital. This has resulted in the strong market penetration of LFA technologies in seasonal and outbreak indications such as malaria, dengue, etc.
There has also been a rapid increase in the adoption of lateral flow assay tests in various sectors such as the food industry, veterinary diagnostics, and healthcare,. Lower-middle-income countries are anticipated to witness significant growth in terms of adoption due to economical pricing, easy availability, and higher sensitivity of LFA tests in infectious disease testing.
Technological advances are resulting in functional developments in lateral flow assay tests in terms of selectivity, sensitivity, and progress in quantification. Lateral flow assay readers are commonly used to measure the intensity of the test line of the sample. Growing reduction and compactness have boosted the adoption of handheld lateral flow assay readers. Technological advancements in LFA test kits are also driving market expansion.
Request For Report Customization@ https://www.persistencemarketresearch.com/request-customization/18613
Key Takeaways from Market Study
LFA kits held around 76.5% market share by product type in 2021.
The infectious diseases segment accounted for 37.6% revenue share among the applications in 2021.
By distribution channel, hospital pharmacies are preferred by most patients and the segment held a market share of around 40.8% in 2021.
Around 42.4% of the global market share, by region, was accounted for by North America in 2021.
"High prevalence of infectious diseases and increased adoption of self-testing devices are expected to drive lateral flow assay demand growth over the coming years," says an analyst of Persistence Market Research.
Access Full Report@ https://www.persistencemarketresearch.com/checkout/18613
Market Competition
Key players in the lateral flow assay market are aggressively marketing and promoting their products online. This ensures the improved visibility of products to the population. Additionally, market players are conducting awareness programs to increase their consumer base.
Companies such as Quest Diagnostics Inc., Express Diagnostics International Inc., and many others are providing training on the identification and handling of test drugs.
In 2021, Abbott Laboratories launched its Panbio COVID-19 antigen self-test in India so that it can ease the detection of COVID-19 infections in the country. The results can be easily reported to the Indian Council of Medical Research through Abbott's NAVICA reporting app, which, in turn, widens the reach of Abbott Laboratories.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the lateral flow assay market in its latest study, presenting a historical demand assessment of 2012 - 2021 and projections for 2022 - 2032.
Access Related Reports-
In Vitro Toxicology Testing Market: https://www.persistencemarketresearch.com/market-research/in-vitro-toxicology-testing-market.asp
Immunoassay Interference Blocker Market: https://www.persistencemarketresearch.com/market-research/immunoassay-interference-blocker-market.asp
Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About Us:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
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 Assay Market is expected that the market will expand at a CAGR of 5% over the forecast period (2022-2032) here
News-ID: 2710513 • Views: …
More Releases from Persistence Market Research

Fruit Ingredients Market to Reach US$ 111.3 Bn by 2032, Driven by Rising Health …
Overview of the Global Fruit Ingredients Market
The global fruit ingredients market is witnessing significant growth, driven by rising consumer demand for natural, clean-label, and nutrient-rich food products. In 2025, the market is likely to be valued at US$ 75.0 billion and is expected to reach US$ 111.3 billion by 2032, registering a robust CAGR of 5.8% during the forecast period. Fruit ingredients, which include fruit concentrates, purees, powders, and extracts,…

Vegan Dessert Market to Reach US$ 11.9 Bn by 2032, Driven by Rising Health & Pla …
Overview of the Market
The global vegan dessert market is poised for significant expansion, with an estimated valuation of US$ 5.2 billion in 2025, projected to reach US$ 11.9 billion by 2032. This robust growth reflects a compound annual growth rate (CAGR) of 11.7% during the forecast period from 2025 to 2032. Increasing consumer awareness about health, environmental sustainability, and ethical food consumption is driving the widespread adoption of vegan dessert…

Instant Beverage Premix Market to Reach US$148.3 Bn by 2032 Driven by Convenienc …
Overview of the Global Instant Beverage Premix Market
The global instant beverage premix market has witnessed remarkable growth over the past decade, driven by evolving consumer lifestyles and increasing demand for convenient, ready-to-consume beverages. Instant beverage premixes, encompassing products such as instant coffee, tea, flavored drinks, protein powders, and nutritional supplements, cater to busy consumers seeking quick preparation without compromising on taste or nutritional value. These premixes have gained popularity across…

Dermacosmetics Market to Reach US$ 87.3 Bn by 2032 at 7.4% CAGR: Persistence Mar …
The global dermacosmetics market, estimated at US$ 53 billion in 2025, is forecasted to witness a steady upward trajectory, expanding at a Compound Annual Growth Rate (CAGR) of 7.4% to reach US$ 87.3 billion by 2032. This surge is driven by a confluence of factors ranging from increasing consumer awareness and the rising incidence of skin conditions to a growing preference for advanced, dermatologist-backed skincare solutions. Dermacosmetics, a category that…
More Releases for LFA
Lateral Flow Assay (LFA) Market: Trends, Growth Drivers, and Future
Market Overview
The global lateral flow assay (LFA) market is experiencing rapid growth, driven by increasing demand for fast, reliable, and cost-effective diagnostic solutions. In 2020, the market was valued at $8,351.30 million, with projections indicating a rise to $13,352.90 million by 2030, growing at a CAGR of 4.70% from 2021 to 2030. This growth is primarily fueled by:
• Rising demand for point-of-care (POC) diagnostics.
• Expansion of home-based testing kits.
• Increasing focus on food…
LFA-based Cardiac Market Size, Opportunities, And Trends to 2033 Siemens, Danahe …
LFA-based cardiac imaging refers to a method that uses Low Field-Strength (LFS) Magnetic Resonance Imaging (MRI) in combination with advanced cardiac techniques to enhance the quality of heart imaging. LFA (Low Field MRI) is particularly useful in non-invasive imaging as it reduces the costs and technical complexities typically associated with high-field MRI systems. In cardiac applications, it enables detailed visualizations of heart anatomy and function, providing insights into conditions such…
Global Lateral Flow Assay (LFA) Components Market Analysis By Manufacturers and …
Lateral Flow Assay Components are usually composed of the following elements: sample pad, conjugate release pad, membrane with immobilized antibodies and adsorbent pad. The components of the strip are usually fixed to an inert backing material.
Global Leading Market Research Publisher QYResearch announces the release of its lastest report "Global Lateral Flow Assay (LFA) Components Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application". Based on…
Medical Lateral Flow Assay (LFA) Testing Services Market Share 2022 Comprehensiv …
In the past few years, the Medical Lateral Flow Assay (LFA) Testing Services Market experienced a huge change under the influence of COVID-19 and Russia-Ukraine War, the global market size of Service Order Software reached million $ in 2022 from in 2017 with a CAGR of from 2017-2022. Facing the complicated international situation, the future of the Service Order Software market is full of uncertain. Report Ocean predicts that the…
LFA-based Cardiac Market is Growing fast With High Profile players| Roche, Ortho …
LFA-based Cardiac Market 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟐 𝐢𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐞𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐚 𝐪𝐮𝐚𝐥𝐢𝐭𝐚𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐜𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐭 𝐰𝐚𝐲 𝐭𝐨 𝐞𝐧𝐬𝐮𝐫𝐞 𝐚 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 of LFA-based Cardiac Market. In addition to identifying, analyzing, and estimating new trends, this research report also examines key industry drivers, challenges, and opportunities in addition to evaluating competitors, geographical areas, types, and applications. Understanding the competitive landscape is crucial for determining the product improvements…
Global Zinc Bromide Market by Key Players - TCI Chemicals, Nile Chemicals, lfa A …
The report studies Zinc Bromide in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
The report, titled Zinc Bromide is an in-depth analysis of the Zinc Bromide market across the world. A brief historic overview of the Zinc Bromide market has been mentioned in the report, followed by the present…