Learn about the global lateral flow immunoassay (LFIA) based rapid test market through The Business Research Company, which provides information on lateral flow immunoassay (LFIA) based rapid test market size, lateral flow immunoassay (LFIA) based rapid test market drivers and restraints, lateral flow immunoassay (LFIA) based rapid test market players, the COVID-19 impact on the lateral flow immunoassay (LFIA) based rapid test market, and more.

The LFIA based rapid test market is expected to decline from $11.05 billion in 2021 to $6.83 billion in 2026 at a rate of -9.2%. The global LFIA based rapid test market size is then expected to grow at a CAGR of 6.9% from 2026 and reach $9.54 billion in 2031.

The growing demand for home-based lateral flow assay devices in expected to support the LFIA based rapid test market in the forecast period.

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The LFIA based rapid test market consists of sales of LFIA based rapid test 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 of urine, blood or saliva obtained from the human body.

Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Segments Include:

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

By End-User: Hospital and Clinic, Diagnostic Laboratory, Home Care, Other

By Application: Infectious Disease, Pregnancy and Fertility, Toxicology, Cardiac Marker And Cholesterol Testing, Other

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 global LFIA based rapid test market, accounting for 37.5% of the total in 2021.

Technological advancements are a key driver in the LFIA based rapid test market. Companies are gradually increasing innovation in lateral flow assay-based Point of Care (PoC) devices for applications such as pregnancy testing, ovulation monitoring, screening for infectious diseases and drugs of abuse, and the measurement of protein markers in the blood to aid rapid clinical diagnostics of life-threatening events (such as heart attacks, strokes, and deep-vein thrombosis).

TBRC’s Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Report Covers:

Major Market Players: Abbott Laboratories, F. Hoffmann-La Roche, Quidel Corporation, Becton, Dickinson and Company, Danaher 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 (2016-21) and ten years forecast (2022-2026-2031)

The Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Report 2022 is one of a series of new reports from The Business Research Company that provides lateral flow immunoassay (LFIA) based rapid test market overviews, analyzes and forecasts market size, share, lateral flow immunoassay (LFIA) based rapid test market players, lateral flow immunoassay (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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