Market Overview:
The global benchtop lateral flow assay readers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for point-of-care diagnostics, rising prevalence of infectious diseases, and technological advancements in lateral flow assay readers. Based on type, the global benchtop lateral flow assay readers market can be segmented into wired connection and wireless connection. The wired connection segment is expected to account for a larger share of the global market than the wireless connection segment during the forecast period. This can be attributed to factors such as ease of use and low cost of wired devices compared with wireless devices. Based on application, the global benchtop lateral flow assay readers market can be divided into hospitals and clinics, diagnostic laboratories, and others (including research institutes and academic institutions).
Product Definition:
Benchtop Lateral Flow Assay Readers are small, portable devices used to read the results of lateral flow assays. They are important because they allow users to quickly and easily read the results of tests without having to send them off for analysis. This allows users to make informed decisions about their health or the health of others in a timely manner.
Wired Connection:
Wired connection, it's usage.
The global benchtop lateral flow assay (LFAR) readers market size was valued at USD 536.1 million in 2016. It is expected to expand at a CAGR of XX% during the forecast period. The growing demand for point-of-care diagnostics is one of the key trends escalating market growth globally.
Wireless Connection:
A wireless connection is a set of protocols and equipment that allows two devices to communicate without being wired to each other. Wireless connections can be made between any two devices, not just lateral flow assay readers. The most common wireless technologies used in the market are Wi-Fi, Bluetooth, RFID (Radio Frequency Identification), and Near Field Communication (NFC). NFC is used for contactless payments; whereas Bluetooth helps connect mobile phones and headsets to electronic gadgets such as printers and laptops.
Application Insights:
The others segment includes research laboratories, government and non-government organizations, and private practices. The hospital and clinic segment dominated the market in 2017 with a share of over 60% in terms of revenue. This is due to an increase in demand for rapid testing among patients seeking treatment at hospitals or clinics for various infectious diseases such as HIV, hepatitis A & B, tuberculosis (TB), influenza etc. Furthermore, an increase in the prevalence of chronic conditions such as cancer across the globe has led to a rise in demand for diagnostic tests which further drives product demand globally.
The diagnostics laboratory segment is expected to witness lucrative growth during the forecast period owing to increasing awareness about TB diagnosis coupled with rising incidences of multi-drug resistant TB (MDR-TB).
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of key players such as Bio-Rad, Beckman Coulter, Inc., and Abbott. These companies are continuously developing and introducing advanced LFA readers for use in various applications. Moreover, these players are involved in strategic initiatives such as joint ventures and acquisitions that will help them expand their reach across the globe.
Growth Factors:
- Increasing demand for rapid and accurate diagnostic tests
- Technological advancements in lateral flow assay readers
- Growing number of point-of-care testing (POCT) facilities
- Rising prevalence of infectious diseases and other health conditions
- Increasing awareness about the benefits of lateral flow assay readers
Scope Of The Report
Report Attributes
Report Details
Report Title
Benchtop Lateral Flow Assay Readers Market Research Report
By Type
Wired Connection, Wireless Connection
By Application
Hospitals and Clinics, Diagnostic Laboratories, Others
By Companies
QIAGEN, LRE Medical (Esterline), Becton, Dickinson, Axxin, Chembio Diagnostics (Optricon), Trinity Biotech, Quidel Corporation, Abingdon, Magnasense, Fio Corporation, QIAGEN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Benchtop Lateral Flow Assay Readers Market Report Segments:
The global Benchtop Lateral Flow Assay Readers market is segmented on the basis of:
Types
Wired Connection, Wireless Connection
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals and Clinics, Diagnostic Laboratories, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- QIAGEN
- LRE Medical (Esterline)
- Becton, Dickinson
- Axxin
- Chembio Diagnostics (Optricon)
- Trinity Biotech
- Quidel Corporation
- Abingdon
- Magnasense
- Fio Corporation
- QIAGEN
Highlights of The Benchtop Lateral Flow Assay Readers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wired Connection
- Wireless Connection
- By Application:
- Hospitals and Clinics
- Diagnostic Laboratories
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Benchtop Lateral Flow Assay Readers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Benchtop lateral flow assay readers are a type of laboratory instrument that can be used to measure the concentration of a particular substance in a sample.
Some of the major companies in the benchtop lateral flow assay readers market are QIAGEN, LRE Medical (Esterline), Becton, Dickinson, Axxin, Chembio Diagnostics (Optricon), Trinity Biotech, Quidel Corporation, Abingdon, Magnasense, Fio Corporation, QIAGEN.
The benchtop lateral flow assay readers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Benchtop Lateral Flow Assay Readers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Benchtop Lateral Flow Assay Readers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Benchtop Lateral Flow Assay Readers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Benchtop Lateral Flow Assay Readers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Benchtop Lateral Flow Assay Readers Market Size & Forecast, 2018-2028
4.5.1 Benchtop Lateral Flow Assay Readers Market Size and Y-o-Y Growth
4.5.2 Benchtop Lateral Flow Assay Readers Market Absolute $ Opportunity
Chapter 5 Global Benchtop Lateral Flow Assay Readers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Benchtop Lateral Flow Assay Readers Market Size Forecast by Type
5.2.1 Wired Connection
5.2.2 Wireless Connection
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Benchtop Lateral Flow Assay Readers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Benchtop Lateral Flow Assay Readers Market Size Forecast by Applications
6.2.1 Hospitals and Clinics
6.2.2 Diagnostic Laboratories
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Benchtop Lateral Flow Assay Readers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Benchtop Lateral Flow Assay Readers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Benchtop Lateral Flow Assay Readers Analysis and Forecast
9.1 Introduction
9.2 North America Benchtop Lateral Flow Assay Readers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Benchtop Lateral Flow Assay Readers Market Size Forecast by Type
9.6.1 Wired Connection
9.6.2 Wireless Connection
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Benchtop Lateral Flow Assay Readers Market Size Forecast by Applications
9.10.1 Hospitals and Clinics
9.10.2 Diagnostic Laboratories
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Benchtop Lateral Flow Assay Readers Analysis and Forecast
10.1 Introduction
10.2 Europe Benchtop Lateral Flow Assay Readers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Benchtop Lateral Flow Assay Readers Market Size Forecast by Type
10.6.1 Wired Connection
10.6.2 Wireless Connection
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Benchtop Lateral Flow Assay Readers Market Size Forecast by Applications
10.10.1 Hospitals and Clinics
10.10.2 Diagnostic Laboratories
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Benchtop Lateral Flow Assay Readers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Benchtop Lateral Flow Assay Readers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Benchtop Lateral Flow Assay Readers Market Size Forecast by Type
11.6.1 Wired Connection
11.6.2 Wireless Connection
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Benchtop Lateral Flow Assay Readers Market Size Forecast by Applications
11.10.1 Hospitals and Clinics
11.10.2 Diagnostic Laboratories
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Benchtop Lateral Flow Assay Readers Analysis and Forecast
12.1 Introduction
12.2 Latin America Benchtop Lateral Flow Assay Readers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Benchtop Lateral Flow Assay Readers Market Size Forecast by Type
12.6.1 Wired Connection
12.6.2 Wireless Connection
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Benchtop Lateral Flow Assay Readers Market Size Forecast by Applications
12.10.1 Hospitals and Clinics
12.10.2 Diagnostic Laboratories
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Benchtop Lateral Flow Assay Readers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Benchtop Lateral Flow Assay Readers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Benchtop Lateral Flow Assay Readers Market Size Forecast by Type
13.6.1 Wired Connection
13.6.2 Wireless Connection
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Benchtop Lateral Flow Assay Readers Market Size Forecast by Applications
13.10.1 Hospitals and Clinics
13.10.2 Diagnostic Laboratories
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Benchtop Lateral Flow Assay Readers Market: Competitive Dashboard
14.2 Global Benchtop Lateral Flow Assay Readers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 QIAGEN
14.3.2 LRE Medical (Esterline)
14.3.3 Becton, Dickinson
14.3.4 Axxin
14.3.5 Chembio Diagnostics (Optricon)
14.3.6 Trinity Biotech
14.3.7 Quidel Corporation
14.3.8 Abingdon
14.3.9 Magnasense
14.3.10 Fio Corporation
14.3.11 QIAGEN
