Surge In Infectious Diseases Drives Expansion Of Lateral Flow Assay Market: A Key Factor Shaping the Future of the Lateral Flow Assays Market in 2025

What industry-specific factors are fueling the growth of the lateral flow assays market?
The global rise of infectious diseases significantly aids the expansion of the lateral flow assay market. In underdeveloped nations, a high occurrence of illnesses like HIV and malaria coupled with poor healthcare infrastructure and heightened public awareness is likely to boost the use of lateral flow assay testing. The recent COVID-19 pandemic underscored the importance of early sickness detection capabilities, which are expected to spur market growth. Case in point, the UK Health Security Agency reported 368 measles cases in England in August 2024, as per data shared by the same UK-based executive agency. This figure marks an almost sevenfold rise from the 53 cases recorded in 2022, with 44% and 33% of the cases in the West Midlands and London, respectively. Hence, the global rise of infectious diseases will lead to an upswing in the lateral flow assay market.

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What Is the projected market size and growth rate for the lateral flow assays market?
The market size of lateral flow assays has seen significant expansion in the past few years. The market is predicted to rise from a valuation of $11.69 billion in 2024 to $12.39 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.0%. This remarkable growth during the historical timeframe is due to factors such as progress in diagnostic techniques, an increase in infectious diseases, its use in pregnancy tests, the expansion of home healthcare, the development of immunochromatography, and the widening of point-of-care testing.

In the coming years, the lateral flow assays market size is projected to undergo robust growth, and by 2029, it's expected to reach a net worth of $17.88 billion with an annual compound growth rate (CAGR) of 9.6%. The predicted growth within this forecast period stems from wider applications in disease detection, the rising popularity of home testing kits, advancements in veterinary diagnostics, and the creation of multiplex assays, as well as a surge in food and environmental tests. Key trends in the forecast period encompass personalized medicine and home testing, technological advancements in production techniques, environmental and food safety tests, cost-efficiency focus, and application in drug and biomarker detection.

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What new trends are reshaping the lateral flow assays market and its opportunities?
In the lateral flow assays market, technological innovation is a key emerging trend. Industry leaders are honing in on producing advanced technological testing products to secure their market positions. For example, Abacus Diagnostica, a Finland-based medical devices producer, unveiled their second generation COVID-19 test called the GenomEra SARS-CoV-2 2.0 Assay Kit in February 2022. This test, crafted for the quick qualitative identification of SARS-CoV-2 in respiratory samples, leverages a multiplex reverse transcriptase polymerase chain reaction (RT-PCR) method.

What major market segments define the scope and growth of the lateral flow assays market?
The lateral flow assays market covered in this report is segmented -

1) By Type: Kits And Reagents, Lateral Flow Readers
2) By Technique: Sandwich Assays, Competitive Assays, Multiplex Detection Assays
3) By Application: Veterinary Diagnostics, Clinical Or Point-Of-Care Testing, Drug Development And Quality Testing, Other Applications
4) By End-User: Hospitals And Clinics, Diagnostic Laboratories, Home Care Settings, Pharmaceutical And Biotechnology Companies, Other End Users

Subsegments:
1) By Kits And Reagents: Rapid Test Kits, Diagnostic Kits, Control Reagents, Sample Collection And Preparation Reagents
2) By Lateral Flow Readers: Portable Lateral Flow Readers, Benchtop Lateral Flow Readers, Smartphone-Based Lateral Flow Readers, Automated Lateral Flow Readers

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Which region dominates the lateral flow assays market?
North America was the largest region in the lateral flow assays market in 2024. Asia-Pacific is expected to be the fastest-growing region in the lateral flow assays market share during the forecast period. The regions covered in the lateral flow assays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the lateral flow assays industry growth?
Major companies operating in the lateral flow assays market include Siemens AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Merck KGaA, Hologic Inc., BioMérieux SA, PerkinElmer Inc., Quidel Corporation, Bio-Rad Laboratories Inc., Roche Holding AG, QIAGEN N.V., OraSure Technologies Inc., Meridian Bioscience Inc., DiaSorin S.p.A., Molbio Diagnostics, Trinity Biotech, Chembio Diagnostics Inc., Coris BioConcept, HYCOR Biomedical, Diagnostic BioSystems GmbH, Express Diagnostics Ltd., Fujirebio Diagnostics Inc., Innova Diagnostics Inc., Leadtec Diagnostics Inc., S&D Diagnostics Inc., Standard Diagnostics Inc., V-Chek Diagnostics

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What Is Covered In The Lateral Flow Assays Global Market Report?

•Market Size Forecast: Examine the lateral flow assays market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the lateral flow assays market for a structured understanding.
•Key Players Overview: Analyze major players in the lateral flow assays market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the lateral flow assays market.
•Segment Contributions: Evaluate how different segments drive overall growth in the lateral flow assays market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the lateral flow assays market.
•Industry Challenges: Identify potential risks and obstacles affecting the lateral flow assays market.
•Competitive Landscape: Review strategic developments in the lateral flow assays market, including expansions, agreements, and new product launches.

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