Lateral Flow Assay Market, By Product Type, By Technique, By Application, By End User, By Geography

Description

Global lateral flow assay market is estimated to be valued at USD 10.52 Bn in 2024 and is expected to reach USD 14.65 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 10.52 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	4.80%	2031 Value Projection:	US$ 14.65 Bn

Figure. Lateral Flow Assay Market Share (%), By Region 2024

Lateral flow assays are immunoassay technology used for point-of-care testing to detect the presence or absence of target analytes in samples like urine, blood and saliva. It enables quick diagnosis with results available in minutes. Rising cases of infectious diseases and growing need for point-of-care testing can boost demand for lateral flow assays globally. Moreover, home based lateral flow test kits for conditions like pregnancy, glucose monitoring and COVID are witnessing huge adoption. However, regulations associated with product approval can hamper the market growth during the forecast period.

Market Dynamics:

Global lateral flow assay market growth is driven by factors like rising cases of infectious diseases like HIV, tuberculosis, and influenza which necessitates early diagnosis. Growing geriatric population susceptible to chronic diseases can also boost demand for these assays. Rising demand for point-of-care testing enabled by lateral flow assays, which provides results within minutes, can drive the market growth. Rising sales of home based test kits can offer market growth opportunities. However, factors like stringent regulatory framework and lengthy product approval process can hamper the market growth. High cost of advanced lateral flow assays can also hamper the market growth. Technological advancements to enhance accuracy and reproducibility can offer growth opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global lateral flow assay market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global lateral flow assay market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Abbott, F. Hoffmann-La Roche Ltd, Danaher, Siemens, Becton, Dickinson and Company, bioMerieux SA, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., QIAGEN, PerkinElmer Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global lateral flow assay market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lateral flow assay market

Detailed Segmentation-

By Product Type
- Kits and Reagents
- Lateral Flow Readers
By Technique
- Competitive Assay
- Multiplex Detection Assay
- Sandwich Assay
By Application
- Clinical Testing
- Cardiac Marker Testing
- Pregnancy & Fertility Testing
- Cholesterol Testing/Lipid Profile
- Drugs of Abuse Testing
- Drug Development & Quality Testing
- Other Clinical Tests
By End User
- Hospitals & Clinics
- Diagnostic Laboratories
- Pharmaceutical and Biotechnology Companies
- Home Care Settings
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- Abbott Laboratories
- Hoffmann-La Roche AG
- Thermo Fisher Scientific Inc.
- Quidel Corporation
- Hologic Inc.
- bioMerieux SA
- PerkinElmer Inc.
- Merck KGaA
- QIAGEN NV
- Becton, Dickinson and Company
- Bio-Rad Laboratories Inc.
- Danaher Corporation
- Access Bio Inc.
- Siemens AG
- Chembio Diagnostic Systems Inc.
- Abcam PLC
- Standard Diagnostics Inc.
- Eiken Chemical Co., Ltd.

Product Code: CMI1147

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Technique
- Market Snapshot, By Application
- Market Snapshot, By End Users
- Market Snapshot, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Acquisitions and Partnerships Scenario
Funding and Investments
PEST Analysis
Porter's Analysis

4. Global Lateral Flow Assay Market - Impact of Coronavirus (COVID-19) Pandemic

Overall Impact
Government Initiatives
COVID-19 Impact on the Market

5. Global Lateral Flow Assay Market, By Product Type, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Kits and Reagents
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Lateral Flow Readers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Lateral Flow Assay Market, By Technique, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Competitive Assay
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Multiplex Detection Assay
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Sandwich Assay
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Lateral Flow Assay Market, By Application, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Clinical Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Cardiac Marker Testing
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Pregnancy & Fertility Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Cholesterol Testing/Lipid Profile
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Drugs of Abuse Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Drug Development & Quality Testing
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Other Clinical Tests
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

8. Global Lateral Flow Assay Market, By End-User2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Hospitals & Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Diagnostic Laboratories
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Pharmaceutical and Biotechnology Companies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Home Care Settings
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

9. Global Lateral Flow Assay Market, By Region, 2019 - 2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Users, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Users, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Users, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Users, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Users, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - GCC
  - Israel
  - Rest of Middle East
  - Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technique, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Users, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Bn)
  - North Africa
  - Central Africa
  - South Africa

10. Competitive Landscape

Company Profiles
- Abbott Laboratories
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- F. Hoffmann-La Roche AG
- Thermo Fisher Scientific Inc.
- Quidel Corporation
- Hologic Inc.
- bioMerieux SA
- PerkinElmer Inc.
- Merck KGaA
- QIAGEN NV
- Becton, Dickinson and Company
- Bio-Rad Laboratories Inc.
- Danaher Corporation
- Access Bio Inc.
- Siemens AG
- Chembio Diagnostic Systems Inc.
- Abcam PLC
- Standard Diagnostics Inc.
- Eiken Chemical Co., Ltd.

11. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. References and Research Methodology

o. References

Research Methodology
About us and Sales Contact