openPR Logo
Press release

Lateral Flow Assay Market Surges: Reaching $13.35 Billion by 2030, Unveiling Promising Growth Prospects with a Notable 4.70% CAGR

06-13-2023 02:43 PM CET | Health & Medicine

Press release from: Allied Market Research

Lateral Flow Assays Market

Lateral Flow Assays Market

The lateral flow assay market, a dynamic and growing industry, witnessed a substantial valuation of $8,351.30 million in the year 2020. Furthermore, based on thorough analysis and future projections, it is anticipated to ascend to an impressive $13,352.90 million by the year 2030.

This remarkable growth represents a compound annual growth rate (CAGR) of 4.70% over the forecast period from 2021 to 2030. The consistent rise in market value underscores the significant impact and increasing demand for lateral flow assays, which are poised to revolutionize various sectors, including healthcare and diagnostics, with their simplicity and efficiency.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž: https://www.alliedmarketresearch.com/request-sample/2823

๐“๐ก๐ž ๐ฅ๐š๐ญ๐ž๐ซ๐š๐ฅ ๐Ÿ๐ฅ๐จ๐ฐ ๐š๐ฌ๐ฌ๐š๐ฒ๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐ฌ๐ž๐ฏ๐ž๐ซ๐š๐ฅ ๐ค๐ž๐ฒ ๐š๐ฌ๐ฉ๐ž๐œ๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ, ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ข๐ง๐  ๐š ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฅ๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž. ๐‡๐ž๐ซ๐ž ๐š๐ซ๐ž ๐ญ๐ก๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐ญ ๐œ๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ž๐ฌ:

1. Technique:
โ€ข Sandwich Assays: This technique is widely used in lateral flow assays for the detection of target analytes. It involves the capture and detection of the analyte between two antibodies.
โ€ข Competitive Assays: In competitive assays, the analyte competes with a labeled analyte for binding sites on the antibody, resulting in a signal inversely proportional to the analyte concentration.
โ€ข Multiplex Detection Assays: These assays enable the simultaneous detection of multiple analytes in a single test, improving efficiency and reducing costs.

2. Product:
โ€ข Kits & Reagents: Lateral flow assay kits and reagents are essential components for conducting tests. They provide all the necessary materials, including antibodies, buffers, and controls, for performing the assay.
โ€ข Lateral Flow Readers: These devices are used to interpret and quantify the results of lateral flow assays. They offer enhanced sensitivity and accuracy compared to visual interpretation.
โ€ข Digital/Mobile Readers: These readers use digital imaging technology to capture and analyze lateral flow assay results. They provide objective and quantitative data, enabling better data management and analysis.
โ€ข Benchtop Readers: Benchtop readers are compact devices designed for laboratory settings. They offer advanced features such as multiplexing and customizable assay protocols.
โ€ข Mobile/Smartphone Readers: Utilizing smartphone cameras and dedicated mobile apps, these readers provide a portable and cost-effective solution for lateral flow assay result interpretation.

3. Application:
โ€ข Clinical Testing: Lateral flow assays find extensive applications in clinical diagnostics, covering various areas such as infectious disease testing, cardiac marker testing, pregnancy and fertility testing, cholesterol testing/lipid profile, drug abuse testing, and other clinical tests.
โ€ข Veterinary Diagnostics: Lateral flow assays are also used in veterinary medicine for the rapid detection of diseases in animals.
โ€ข Food Safety & Environment Testing: These assays play a crucial role in ensuring food safety and environmental monitoring by detecting contaminants, pathogens, and toxins.
โ€ข Drug Development & Quality Testing: Lateral flow assays are utilized in drug development processes for pharmacokinetic studies, bioavailability testing, and quality control of pharmaceutical products.

4. End User:
โ€ข Hospitals & Clinics: Lateral flow assays are extensively used in healthcare settings, including hospitals and clinics, for rapid point-of-care testing and disease screening.
โ€ข Diagnostic Laboratories: Diagnostic laboratories rely on lateral flow assays for efficient and reliable diagnostic testing.
โ€ข Home Care: Lateral flow assays offer convenient and user-friendly options for home-based testing, enabling individuals to monitor their health conditions.
โ€ข Pharmaceutical & Biotechnology Companies: These companies utilize lateral flow assays in various stages of drug development, from initial screening to clinical trials and quality control.
โ€ข Other End Users: Besides the mentioned sectors, lateral flow assays are also employed by research institutions, academic laboratories, and forensic departments.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. HOLOGIC
2. BIO-RAD LABORATORIES
3. BECTON
4. DICKINSON AND COMPANY
5. BIOMร‰RIEUX
6. THERMO FISHER SCIENTIFIC
7. ABBOTT LABORATORIES
8. F. HOFFMANN-LA ROCHE LTD.
9. DANAHER CORPORATION
10. PERKINElMER
11. SIEMENS AG

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ (295 ๐๐š๐ ๐ž๐ฌ ๐๐ƒ๐… ๐ฐ๐ข๐ญ๐ก ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐‚๐ก๐š๐ซ๐ญ๐ฌ, ๐“๐š๐›๐ฅ๐ž๐ฌ, ๐š๐ง๐ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ): https://www.alliedmarketresearch.com/lateral-flow-assay-market/purchase-options

๐๐‘๐Ž๐–๐’๐„ ๐“๐‘๐„๐๐ƒ๐ˆ๐๐† ๐‘๐„๐๐Ž๐‘๐“๐’-
DNA Diagnostics Market - https://www.alliedmarketresearch.com/dna-diagnostics-market

Biomaterials Market - https://www.alliedmarketresearch.com/biomaterials-market

Asthma and COPD Drugs Market - https://www.alliedmarketresearch.com/asthma-COPD-drug-market

Atrial Fibrillation Market - https://www.alliedmarketresearch.com/atrial-fibrillation-market

Remote Patient Monitoring Market -
https://www.alliedmarketresearch.com/remote-patient-monitoring-market

Vaccines Market - https://www.alliedmarketresearch.com/vaccines-market

Dental Consumables Market - https://www.alliedmarketresearch.com/dental-consumables-market

Sports Medicine Market - https://www.alliedmarketresearch.com/Sports-Medicine-market

Breast Biopsy Market - https://www.alliedmarketresearch.com/Breast-Biopsy-market

External Defibrillators Market - https://www.alliedmarketresearch.com/external-defibrillators-market

Blood Market - https://www.alliedmarketresearch.com/blood-market

Insomnia Market - https://www.alliedmarketresearch.com/insomnia-market

Indian Dental Consumables Market -
https://www.alliedmarketresearch.com/indian-dental-consumables-market

Intraoral Scanners Market - https://www.alliedmarketresearch.com/intraoral-scanners-market

UK IVD Market - https://www.alliedmarketresearch.com/uk-ivd-market

Ulcerative Colitis Market- https://www.alliedmarketresearch.com/ulcerative-colitis-market

Lateral Flow Assays Market https://www.alliedmarketresearch.com/lateral-flow-assay-market

Safety Needles Market https://www.alliedmarketresearch.com/safety-needles-market

Enteral Nutrition Market https://www.alliedmarketresearch.com/enteral-nutrition-market

pharmacogenomics market https://www.alliedmarketresearch.com/pharmacogenomics-market

Laboratory Equipment and Disposables Market https://www.alliedmarketresearch.com/laboratory-equipment-and-disposables-market

Cell Therapy Market
https://www.alliedmarketresearch.com/cell-therapy-market

Irritable Bowel Syndrome Treatment Market https://www.alliedmarketresearch.com/irritable-bowel-syndrome-treatment-market-A05948

Disposable Syringes Market https://www.alliedmarketresearch.com/disposable-syringes-market-A06120

Pharmaceutical Drug Delivery Market https://www.alliedmarketresearch.com/pharmaceutical-drug-delivery-market-A06102

VR In Healthcare Market https://www.alliedmarketresearch.com/vr-in-healthcare-market-A06193

Inhaled Nitric Oxide Market https://www.alliedmarketresearch.com/inhaled-nitric-oxide-market

Oral Antibiotics Market https://www.alliedmarketresearch.com/oral-antibiotics-market-A06540

Surrogacy Market https://www.alliedmarketresearch.com/surrogacy-market-A06580

Neurorehabilitation Market https://www.alliedmarketresearch.com/neurorehabilitation-market-A10461

European Antibiotics Market https://www.alliedmarketresearch.com/european-antibiotics-market-A10311

Cardiac Mapping Market https://www.alliedmarketresearch.com/cardiac-mapping-market-A10920

Cellulite Treatment Market https://www.alliedmarketresearch.com/cellulite-treatment-market-A10923

Blepharoplasty Market https://www.alliedmarketresearch.com/blepharoplasty-market-A10890

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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 Surges: Reaching $13.35 Billion by 2030, Unveiling Promising Growth Prospects with a Notable 4.70% CAGR here

News-ID: 3086894 • Views: โ€ฆ

More Releases from Allied Market Research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices. Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529 What Are Urinary Drainage Bags? Urinary drainage bags are specialized medical devices designed to collectโ€ฆ
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growthโ€ฆ
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Billion by 2030; Growing at a CAGR of 17.2%
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil โ€ฆ
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario. Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strictโ€ฆ
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of 5.6%
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of โ€ฆ
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise inโ€ฆ

All 5 Releases


More Releases for Lateral

Emerging Trends Influencing The Growth Of The Lateral Flow Assays Market: Techno โ€ฆ
The Lateral Flow Assays Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Projected Growth of the Lateral Flow Assays Market? The market for lateral flow assays has seen significant expansion in the previous years. This market is projected to increase from $11.69 billionโ€ฆ
Lateral Flow Strip Cutter
In the fast-evolving world of diagnostics and medical testing, lateral flow assays (LFAs) have become a game-changer. But behind every efficient LFA lies a critical piece of equipment-the lateral flow strip cutter. Without accurate cutting of these delicate strips, even the best-designed test can fail. Today, we're diving deep into the world of lateral flow strip cutters, understanding their role, features, types, and how they keep the gears of diagnosticโ€ฆ
Amyotrophic Lateral Sclerosis Pipeline Therapeuetics Report 2024
DelveInsight's, "Amyotrophic Lateral Sclerosis Pipeline Insight 2024" report provides comprehensive insights about 75+ companies and 80+ pipeline drugs in Amyotrophic Lateral Sclerosis pipeline landscape. It covers the Amyotrophic Lateral Sclerosis pipeline drug profiles, including clinical and nonclinical stage products. It also covers the Amyotrophic Lateral Sclerosis therapeutics assessment by product type, stage, route of administration, and molecule type. It further highlights the inactive pipeline products in this space. Explore ourโ€ฆ
Lateral Flow Assays Market - Smart Testing, Simplified: Lateral Flow Assays for โ€ฆ
Newark, New Castle, USA: The "Lateral Flow Assays Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors. Lateral Flow Assays Market: https://www.growthplusreports.com/report/lateral-flow-assays-market/8799 This latest report researches the industry structure,โ€ฆ
Lateral Flow Assay Market
Worldwide Lateral Flow Assay Market Analysis to 2027 is a specialized and in-depth study of the Lateral Flow Assay industry with a focus on the global market trend. The report aims to provide an overview of global Lateral Flow Assay market with detailed market segmentation by product & services /application and geography. Get Sample PDF at https://www.theinsightpartners.com/sample/TIPRE00005544/?utm_source=OpenPR&utm_medium=Sumaiya Lateral flow tests, also known as lateral flow immunochromatographic assays. The lateral flow assayโ€ฆ
Global Lateral Support Market Growth 2019-2024
LP INFORMATION offers a latest published report on Lateral Support Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the Lateral Support market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,โ€ฆ