Learn about the global lateral flow assays market through The Business Research Company, which provides information on lateral flow assays market size, lateral flow assays market drivers and restraints, lateral flow assays market players, the COVID-19 impact on the lateral flow assays market, and more.

The global lateral flow assays market size is expected to grow from $9.75 billion in 2021 to $10.39 billion in 2022 at a compound annual growth rate (CAGR) of 6.55%. The global lateral flow assay market size is expected to grow to $12.52 billion in 2026 at a CAGR of 4.78%.

The high prevalence of infectious diseases across the globe significantly contributes to the growth of the lateral flow assay market.

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The lateral flow assays market consists of the sale of lateral flow assays products by entities (organizations, sole traders, and partnerships) that paper-based point of care diagnostic tools used to detect an analyte’s presence or absence in a sample. A lateral flow assay (LFA) is made up of four parts: a sample pad where the sample is dropped, a conjugate pad where labelled tags and biorecognition elements are combined, a reaction membrane with test and control lines for target antigen-antibody interaction, and an absorbent pad where waste is stored. These tests are frequently employed for qualitative and quantitative detection of specific antigens and antibodies to test infectious diseases, cardiac indicators, pregnancy and fertility, cholesterol testing/lipid profile, and drug addiction.

Global Lateral Flow Assays Market Segments Include:
By Type: Kits and Reagents, Lateral Flow Readers

By Technique: Sandwich Assays, Competitive Assays, Multiplex Detection Assays

By Application: Veterinary Diagnostics, Clinical/Point-of-Care Testing, Drug Development and Quality Testing, Others

By End-User: Hospitals and Clinics, Diagnostic Laboratories, Home Care Settings, Pharmaceutical and Biotechnology Companies, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the lateral flow assays market in 2021.

Technological advancements are the key trends gaining popularity in the lateral flow assays market. Key players operating in the lateral flow assays market are focusing on developing innovative technological testing products to strengthen their position in the market.

TBRC’s lateral flow assays market report covers:

Major Market Players: Abbott Laboratories, Quidel Corporation, Roche Holding AG, Danaher Corporation, Siemens AG, Merck KGaA, bioMérieux SA, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., PerkinElmer Inc., Hologic Inc., QIAGEN N.V., Becton, Dickinson and Company, and Abcam plc.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Lateral Flow Assays Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides lateral flow assays market overviews, analyzes and forecasts market size, share, lateral flow assays market players, lateral flow assays market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s lateral flow assays market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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