The Lateral Flow Assay Market is Projected to Reach USD 17.23 Billion by 2034, Growing at a CAGR of 4.2%

Lateral Flow Assay Market

According to Polaris Market Research analysis, the global lateral flow assay market was valued at USD 11.45 billion in 2024 and is projected to reach USD 17.23 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2034.

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Market Introduction
Lateral flow assay is a paper-based platform for the inspection and measuring of analytes in intricate mixtures where the specimen is positioned on a test device, and the outcomes are displayed in a time span of 5-30 minutes. Low development prices and simplification of the production of LFAs have prompted the augmentation of its applications to manifold fields in which rapid tests are needed.

LFA-dependent tests are broadly utilized in hospitals, physician's offices, and clinical laboratories for qualitative and quantitative inspection of particular antigens and antibodies and commodities of gene amplification. An assortment of biological specimens can be examined using LFAs involving urine, saliva, sweat, serum, plasma, whole blood, and other fluids.

Growth Drivers and Opportunities:
LFA devices offer speedy outcomes, normally within minutes, which is important for opportune governing in medical exigencies and pandemic situations. The demand has been especially apparent during the COVID-19 pandemic when the requirement for speedy and mass testing surged. As per a 2023 report by the World Health Organization, speedy diagnostic tests involving lateral flow assays played an important part in handling the proliferation of COVID-19 by sanctioning extensive, speedy, and reachable testing.

Illnesses such as malaria, HIV, and tuberculosis persevere to create notable public health provocations, especially in low-resource settings. LFAs offer a feasible solution due to their mobility, user-friendliness, and least requirement for laboratory framework, propelling the lateral flow assay market forward.

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Market Segmentation
On the basis of product, the market is segmented into kits & reagents and lateral flow readers. The kits & reagents segment held the largest market share owing to the elevated intake of test kits for communicable disease detection, pregnancy testing, and point-of-care applications.

On the basis of application, the market is segmented into clinical testing, veterinary diagnostics, food safety & environment testing, and drug development & quality testing. The clinical testing segment dominated the market owing to the increasing usage of these tests to detect communicable diseases and observe detrimental conditions.

Competitive Landscape
The top companies are diligently engaged in the advancement and commercialization of lateral flow assays covering several applications involving clinical diagnostics, food safety, and veterinary diagnostics. Major companies in the lateral flow assay market are noted below:

Abbott Laboratories
F. Hoffmann-La Roche Ltd
Danaher Corporation
Becton, Dickinson and Company
Thermo Fisher Scientific Inc.
Siemens Healthineers AG
bioMérieux SA
PerkinElmer, Inc.
Qiagen N.V.
Bio-Rad Laboratories, Inc.
Chembio Diagnostics, Inc.
Meridian Bioscience, Inc.
OraSure Technologies, Inc.
Abcam plc
Hologic, Inc.

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Regional Scope: The global lateral flow assay market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the market due to high disease prevalence, advanced healthcare infrastructure, and strong investment in R&D. Europe follows, driven by established healthcare systems and rising demand for rapid diagnostics. Asia Pacific shows significant growth, fueled by increasing infectious diseases, healthcare access improvements, and government support, particularly in China and India.

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