Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Outlook, Opportunities And Strategies
Learn about the global lateral flow immunoassay (LFIA) based rapid test market through The Business Research Company, which provides information on LFIA based rapid test market size, LFIA based rapid test market drivers and restraints, LFIA based rapid test market players, the COVID-19 impact on the LFIA based rapid test market, and more.
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The global lateral flow immunoassay (LFIA) based rapid test market is expected to grow from $5.768 billion in 2020 to $6.136 billion in 2021 at a compound annual growth rate (CAGR) of 6.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.136 billion in 2025 at a CAGR of 10%.
The demand for point-of-care testing under home care settings is expected to drive innovation in lateral flow immunoassay (LFIA) based rapid test manufacturing, thus driving the market during the forecast period.
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The lateral flow immunoassay (LFIA) based rapid test market consists of sales of devices and equipment used to run lateral flow immunoassays (LFIA) based rapid test and related services by companies that develop LFIA based rapid test equipment. These are testing devices used to assess the existence of a target, such as pathogens or biomarkers, in samples obtained from the human body or animals, or pollutants in water sources, food or animal feed.
Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Segments Include:
By Technique: Competitive Assay, Sandwich Assay, Multiplex Detection Assay
By End User: Hospital & Clinic, Diagnostic Laboratory, Home Care, Others
By Application: Infectious Disease, Pregnancy & Fertility, Toxicology, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Companies are collaborating to launch new products.
TBRC’s lateral flow immunoassay (LFIA) based rapid test market report covers:
Major Market Players: Abbott Laboratories, F. Hoffmann-La Roche, Danaher Corporation, Siemens AG, Becton, Dickinson and Company, bioMérieux, Bio-Rad Laboratories, Thermo Fisher Scientific, QIAGEN NV, Hologic Inc., PerkinElmer, Inc., Quidel Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Lateral Flow Immunoassay (LFIA) Based Rapid Test Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides lateral flow immunoassay (LFIA) based rapid test market overviews, analyses and forecasts market size, share, LFIA based rapid test market players, LFIA based rapid test market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s lateral flow immunoassay (LFIA) based rapid test market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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