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Latex Agglutination Test Kits Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Latex Agglutination Test Kits Market
Latex Agglutination Test Kits Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past few years, there has been a significant expansion in the latex agglutination test kits market. It is slated to rise from $1.49 billion in 2024 to $1.6 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.4%. This considerable growth during the historic period is a result of an increase in cases of infectious diseases, enhanced funding for diagnostics research and development, heightened attention to infection prevention measures within healthcare establishments, and a rise in the use of latex agglutination tests for assessing water quality.
Latex Agglutination Test Kits Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for substantial growth in the latex agglutination test kits market over the next several years. The market is projected to expand to $2.09 billion by 2029 with a compound annual growth rate (CAGR) of 7.0%. This projected growth during the forecast period can be ascribed to the increasing occurrence of infectious and autoimmune diseases, more widespread use of quick and POC technology, an uptick in utilization of point-of-care diagnostics, growing consciousness about sexually transmitted infections, and an increase in respiratory tract infections. Key trends for the forecast period encompass technological advances, test strip technology, antigen tests, automated technologies, and point-of-care testing.
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What Are the Drivers Transforming the Latex Agglutination Test Kits Market?
Rising incidences of infectious diseases are projected to spur the progression of the latex agglutination test kit market. These diseases involve disorders instigated by disease-causing microorganisms encompassing bacteria, viruses, fungi, parasites, or prions. The escalation in infectious diseases is linked to aspects such as globalization, resistance to antimicrobials, urbanization, alterations in climate, and burgeoning population. Latex agglutination tests have widespread applications for promptly detecting a myriad of infectious diseases, inclusive of bacterial and viral infections. For instance, the Centers for Disease Control and Prevention, a US-based public health institution, reported that in the United States in March 2023, there were 8,331 cases of Tuberculosis (TB), marking an increase of 5.9% from the 7,874 cases in 2021. Consequently, the rise in infectious diseases prevalence will catalyze the expansion of the latex agglutination test kit market.
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What Long-Term Trends Will Define the Future of the Latex Agglutination Test Kits Market?
Prominent players in the latex agglutination test kits industry are concentrating their endeavours on launching diagnostic tools for foodborne diseases and environmental pollutants. This includes rapid, user-friendly latex agglutination assays which can enrich disease detection strategies and provide these companies with a market advantage. These assays simplify the process of pathogen detection, facilitating fast and unequivocal identification in food and environmental specimens. For instance, in March 2024, US-based firm Gold Standard Diagnostics LLC unveiled their Microgen rapid latex agglutination tests. These are quick, affordable, and simple techniques developed by the company for confirmed detection of certain pathogens in food and environmental specimens, such as Salmonella, Legionella, or Staphylococcus aureus colonies. These assays offer a highly accurate and precise alternative to traditional culture methods and can be completed in as little time as two minutes. Furthermore, these tests can easily be incorporated into lab procedures. They are so straightforward to use that laboratories can immediately start using them without requiring any special training or equipment.
Which Segments in the Latex Agglutination Test Kits Market Offer the Most Profit Potential?
The latex agglutination test kits market covered in this report is segmented -
1) By Product Type: Enzyme Linked Immunosorbent Assay, Indirect Fluorescent, Hemagglutination Inhibition, Serum Neutralization
2) By Test Type: Antibody Detection, Antigen Testing
3) By Sample Type: Blood, Urine, Cerebrospinal Fluid, Other Sample Types
4) By Application: Hospitals, Diagnostic Centers, Specialty Clinics
Subsegments:
1) By Enzyme-Linked Immunosorbent Assay (Elisa) - Sandwich Elisa, Competitive Elisa, Indirect Elisa
2) By Indirect Fluorescent - Direct Immunofluorescence Assay (Difa), Indirect Immunofluorescence Assay (Ifa)
3) By Hemagglutination Inhibition - Virus-Specific Hemagglutination Inhibition Tests
4) By Serum Neutralization - Virus Neutralization Assays, Cytopathic Effect Neutralization Assays
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Which Firms Dominate the Latex Agglutination Test Kits Market by Market Share and Revenue in 2025?
Major companies operating in the latex agglutination test kits market are Cardinal Health Inc., Thermo Fisher Scientific Inc., Becton Dickinson and Company, bioMérieux SA, Bio-Rad Laboratories Inc., Hardy Diagnostics, Meridian Bioscience Inc., BioLegend Inc., ELITechGroup, Fujirebio, Sekisui Diagnostics LLC, R-Biopharm AG, Savyon Diagnostics Ltd., Creative Diagnostics, ZeptoMetrix Corporation, HiMedia Laboratories, DIALAB GmbH, Arlington Scientific Inc., Biotium Inc., Atlas Medical GmbH, Pro Lab Diagnostics Inc., Gold Standard Diagnostics Industrial Solutions
Which Regions Offer the Highest Growth Potential in the Latex Agglutination Test Kits Market?
North America was the largest region in the latex agglutination test kits market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the latex agglutination test kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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