Lateral Flow Assays Market 2022 Projections and Regional Outlook, Growth, Opportunities, Key Players & Forecast Outlook 2030 | Abbott Laboratories (Alere Inc), BioMérieux SA, PerkinElmer Inc, and Hologic Inc

Astute Analytica publishes a research report on the Lateral Flow Assay Market. The analysis report contains in-depth data about demand, growth, opportunities, challenges, and restraints. In addition, it provides a thorough examination of the structure and possibility of global and regional industries.

Global Lateral Flow Assay Market, analyzed by Astute Analytica, was valued at US$ 9,165.7 Mn in 2021 and is estimated to reach US$ 14,128.7 Mn by 2030. The market is recording a CAGR of 5% over the forecast period 2022-2030.

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The global market study includes information from key firms on R&D, new product launches, and product responses from global markets. The analysis includes a graphical presentation and a diagrammatic examination of the global market by region.

People and economies globally rely substantially on the healthcare business. It is one of the fastest-growing industries. There is a correlation between income levels and healthcare spending in different nations, with healthcare spending accounting for more than 10% of most industrialized countries' GDP.

Impact Analysis of COVID-19

Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.

COVID-19 is causing a great deal of emotional, physical, and professional stress among health care personnel. The changing attitudes and behaviors of consumers, the integration of life sciences and health care, fast-growing digital health technology, new talent, and care delivery models, and clinical innovation advanced by COVID-19.

As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.

The Centers for Medicare and Medicaid Services data calculates that the U.S. national healthcare expenditure reached US$ 4.1 trillion in 2020 and is forecast to surpass US$ 6.2 trillion by 2028. According to the Commonwealth Fund, the U.S. spent nearly 17% of gross domestic product (GDP) on healthcare in 2018. Switzerland was the second-highest-ranking country, spending 12.2%. In addition, New Zealand and Australia dedicate only 9.3%.

Regional Analysis

By Product & Services segment of the Global Lateral Flow Assays Market is sub-segmented into:

Readers
Bench-top Readers
Hand-held Readers
LFA Kits
Test Strips
Dipsticks
Cassettes
Lancets
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By Indications segment of the Global Lateral Flow Assays Market is sub-segmented into:

Infectious Diseases
Mosquito-borne Diseases
Streptococcus Infections
Sexually Transmitted Diseases
Hepatitis
Tuberculosis
Asthma
Pneumonia
Sepsis
Gastrointestinal Infections
Others
Pregnancy Test
Drug of Abuse Testing
By Technique segment of the Global Lateral Flow Assays Market is sub-segmented into:

Sandwich Assays
Competitive Assays
Multiplex Detection Assays
By End User segment of the Global Lateral Flow Assays Market is sub-segmented into:

Hospitals & Clinics
Diagnostics Laboratories
Home Care Settings
Pharmaceuticals & Biotechnology Companies
Other
By Distribution Channel segment of the Global Lateral Flow Assays Market is sub-segmented into:

Hospital Pharmacies
Retail Pharmacies
Supermarkets/ Hypermarkets
e-Commerce
By Region segment of the Global Lateral Flow Assays Market is sub-segmented into:

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
Key Players Insights

The key players in the global lateral flow assay market are Abbott Laboratories (Alere Inc), BioMérieux SA, PerkinElmer Inc, and Hologic Inc., among others.

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This release was published on openPR.