lateral flow assay market

Wednesday, June 29, 2022 Edit

Based on applications the lateral flow assay components market is segmented into clinical testing veterinary diagnostics food safety environmental testing and drug development quality. These devices are widely used in hospitals and clinical laborat.

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Global lateral flow assays market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 5 during the forecast period 2021-2027F.

. Factors driving lateral flow assays market growth in APAC include the ageing population rising life expectancy rising per capita income increasing investments in the region by key market players the expansion of private-sector hospitals and clinics to rural areas the availability of low-cost labour for manufacturing the presence of a favourable regulatory environment and. By product it is bifurcated into lateral flow readers and kits. The global lateral flow assay market has been segmented based on product application technique end-users and region.

Keeping in mind the uncertainties of COVID-19 we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. Looking forward IMARC Group expects the market to grow at a CAGR of XX during 2022-2027. By product it is bifurcated into lateral flow readers and kits reagents.

Lateral Flow Assays Market Segmentation The lateral flow assay market is segmented on the basis of product technique application end user and region. This report explicates on vital dynamics such as the drivers restraints and opportunities for key. Lateral Flow Assays Market size accounted for more than USD 79 billion in 2021 and is estimated to grow at 57 between 2022 and 2028 owing to an increasing prevalence of infectious diseases such as tuberculosis STDs influenza and others coupled with technological advancements.

The global lateral flow assay market reached a value of US XX Billion in 2021. The Lateral Flow Assays LFA Market is expected to grow at a CAGR of 88 from 2020 to 2027 to reach 1385 billion by 2027 Lateral flow assays are devices used to confirm the presence or absence of a target analyte without the need for lab equipment. Lateral flow assays industry is witnessing robust growth owing to advancement in technologies coupled with growing demand for various disease diagnosis.

Increasing public awareness pertaining to point of care testing POCT and the. Hoffman-La Roche Ltd Danaher Corporation Siemens AG Becton Dickinson and Company bioMérieux SA Bio-Rad Laboratories Thermo Fisher Scientific Inc PerkinElmer Inc QIAGEN NV Quidel Corporation and Merck. The global lateral flow assay market is projected to grow from USD 020 billion in 2021 to USD 024 billion by 2026 at a CAGR value of 80 from 2021 to 2026.

The study analyzes crucial trends that are currently determining the growth of the market. By technique the market is classified into competitive assay sandwich assay and multiplex detection assay. Lateral flow immunoassay is also known as.

By technique the market is classified into competitive assay sandwich assay and multiplex detection assay. The Lateral Flow Assay Market is segmented by Application Clinical Testing Drug Abuse Testing and Other Applications Technique Sandwich Assay Competitive Assay and Multiplex Assay Product Lateral Flow Readers and Kits and Reagents End User Home Care Hospitals and Clinics and Other End Users and Geography North America Europe Asia-Pacific Middle-East. Lateral flow tests are commonly used in human health.

Lateral flow assay is used to confirm the presence or absence of a target analyte such as pathogens or biomarkers in humans or animals. The worldwide market for Lateral Flow Assay Market is expected to grow at a CAGR of roughly xx over the next nine years and will reach US XXX Mn in 2028 from US XXX Mn in 2018 according to a new Marketus Prudour Research study. A recent study by FactMR on thelateral flow assays market offers a 10-year forecast for 2022 to 2032.

Lateral Flow Assay Market - Global Industry Analysis Size Share Growth Trends and Forecast 2017 - 2025. Lateral Flow Assays Market size is set to exceed USD 121 billion by 2028 according to a new research report by Global Market Insights Inc. The global lateral flow assay market is segmented on the basis of type application and geography.

11 Lateral Flow Assays Product. Lateral Flow Assays Market- Scope of Report. In 2019 kits reagents segment held dominant share of the global market.

Lateral Flow Assays Market TOC Covers the Following Points. The lateral flow assay market is mildly concentrated in nature with few numbers of global players operating in the market such as Abbott Laboratories F. Lateral flow assays are simple paper-based devices that are used for medical diagnostics either for home testing point of care testing or laboratory use.

The lateral flow assay market is segmented on the basis of product technique application end user and region. This report was recently updated on June 18 2022 with the latest and most recent market numbers. Lateral Flow Assay Market is projected to witness growth over the forecast period owing to increasing application in medical diagnostics high prevalence of infectious disease increasing demand for point-of-care testing and high adoption of home-based Lateral Flow Assay tests.

Based on product the global lateral flow assay market is categorized into kits reagents and lateral flow readers.

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