Press release
Lateral Flow Assays Market Share 2024: Global Trends, Key Players, Industry Analysis and Forecast to 2031
The global lateral flow assays market is anticipated to grow at a considerable CAGR of around 8.8% during the forecast period (2024-2031). One of the major factors that drive the growth of the market is the increasing prevalence of infectious diseases and the growing geriatric population due to this the demand for point-of-care, and home-based lateral flow assay devices are increasing. The increasing rate of infectious diseases across the globe such as HIV, cancer, COVID-19, involves new diagnostic procedures of actual cure to end the growing mortality rate. For instance, according to the Joint United Nations Program on HIV and AIDS (UNAIDS), in 2019, around 24.5 million persons living with HIV are receiving antiretroviral treatment across the globe.Get Free Sample link @ https://www.omrglobal.com/request-sample/lateral-flow-assays-market
As the rate of infectious diseases is growing rapidly across the globe the key market players adopt different strategies. For instance, In 2020, Abbott Laboratories launched the PanBio COVID-19 immunochromatographic test for the quick qualitative detection of the Sars-CoV-2 virus in Europe. In January 2021, The company received a CE mark for its two new uses of the Panbio COVID-19 Ag Rapid Test device for the detection of the SARS-CoV-2 virus. The two uses of the device are asymptomatic testing and self-swabbing. The company had provided around 200 million Panbio rapid antigen tests to 120 countries across America, Europe, Asia, and Africa. The company also stays to make Panbio rapid antigen tests accessible to low- and middle-income countries. Panbio COVID-19 Ag is not available in the US, where the company manufacturing and selling the BinaxNOW COVID-19 Ag Card. BinaxNOW received emergency use authorization (EUA) from the US Food and Drug Administration (FDA). Both Panbio and BinaxNOW rapid antigen tests use are highly portable, and similar biologics, consistent and reasonable.
Full report of Lateral Flow Assays Market available @ https://www.omrglobal.com/industry-reports/lateral-flow-assays-market
Market Coverage
Segment Covered-
o By Product
o By technique
o ByApplication
o By End-User
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape - Abbott Laboratories, Becton Dickinson and Co., F. Hoffman-La Roche Ltd., Thermo Fisher Scientific, Inc., Siemens AG
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Lateral Flow Assays Market
By Product
Kits & Reagents
Lateral Flow Readers
Mobile Readers
By Technique
Sandwich Assays
Competitive Assays
Multiplex Detection Assay
By Application
Clinical testing
Veterinary Diagnostics
By End-User
Hospitals and Diagnostic Centres
Home Care
Pharmaceuticals and Biotechnology Companies
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/lateral-flow-assays-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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