Market Overview:
The global lateral flow immunoassay reader market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for rapid and accurate diagnostic tests, technological advancements in lateral flow readers, and rising prevalence of infectious diseases. Based on type, the global lateral flow immunoassay reader market is segmented into digital/mobile readers and benchtop readers. The digital/mobile readers segment is expected to grow at a higher CAGR than the benchtop readers segment during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for portable devices that offer fast and accurate results. Based on application, the global lateral flow immunoassay reader market is divided into hospitals & clinics, home care, diagnostic laboratories, pharmaceutical & biotechnology companies, and others (academic research institutes and contract research organizations). The hospitals & clinics segment accounted for majority of share in 2017 owing to rising incidence of infectious diseases across globe coupled with growing number of hospital admissions for diagnosis purposes.
Product Definition:
Lateral Flow Immunoassay Reader is a device used to read lateral flow immunoassays. It is important because it can quickly and accurately determine the presence or absence of a specific antigen in a sample.
Digital/Mobile Readers:
Digital/mobile readers is a technology that allows users to access data from remote locations and provides real-time interpretation of test results. It also helps in saving time by eliminating the need to wait for the delivery of hard copies. The introduction of digital/mobile readers has significantly changed the market dynamics as it has increased efficiency, accuracy, and speed in laboratory tests.
Benchtop Readers:
The benchtop readers are used to control the intensity of light emission from the LED and LCD screens. It is a hardware device which can be connected to a computer port or USB for data collection and display. The main function of this device is to adjust the contrast, brightness, white balance, and color saturation levels of images generated by cameras installed in lateral flow immunoassay reader devices.
Application Insights:
The market is segmented by application into hospitals and clinics, home care, diagnostic laboratories, pharmaceutical and biotechnology companies, and others. Hospitals and clinics held the largest share in 2017 owing to the increasing prevalence of infectious diseases that require rapid diagnosis. Moreover, an increase in government initiatives for improving healthcare infrastructure across developing countries will further drive demand over the forecast period.
Home care is expected to be one of the fastest-growing segments due to rising geriatric population base susceptible to various chronic diseases that require regular monitoring & treatment at home without visiting a hospital or clinic setting. Furthermore, lateral flow immunoassay readers are portable devices thus can be used at homes thereby boosting its adoption rate among other segments as well as in this segment over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate of advanced technologies, and increasing demand for point-of-care (PoC) diagnostic products. The U.S., which is at the forefront, accounted for more than 80% share in North America owing to high product penetration and rising demand from healthcare professionals & patients for technologically advanced LFI readers with enhanced performance characteristics such as fast results delivery time and portability along with accuracy & sensitivity.
Asia Pacific is expected to register significant growth over the forecast period due to factors such as growing population base; improving healthcare infrastructure; an increase in government spending on health sector coupled with favorable reimbursement policies that encourage early diagnosis are some drivers anticipated by industry experts will boost regional market growth over next eight years or so till 2030 time frame arrives’s).
Growth Factors:
- Increasing demand for point-of-care diagnostics: The lateral flow immunoassay reader market is expected to benefit from the increasing demand for point-of-care diagnostics. This is because the lateral flow immunoassay reader offers rapid and easy diagnosis, which makes it ideal for use in clinics and hospitals.
- Technological advancements: The lateral flow immunoassay reader market is expected to benefit from the ongoing technological advancements in this field. This is because new technologies are helping to improve the accuracy and speed of diagnosis, thus driving greater adoption of these devices.
- Rising prevalence of infectious diseases: The global prevalence of infectious diseases is rising, which is leading to an increase in the demand for diagnostic tests such as those performed using a lateral flow immunoassay reader device. This will help drive growth in this market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lateral Flow Immunoassay Reader Market Research Report
By Type
Digital/Mobile Readers, Benchtop Readers
By Application
Hospitals & Clinics, Home Care, Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, Others
By Companies
Abbott(Alere), QIAGEN, LRE Medical (Esterline), BD Company, Axxin, Chembio Diagnostics(optricon), Trinity Biotech, Detekt Biomedical, Quidel Corporation, Abingdon, Magnasense, Fio Corporation, NOW Diagnostic(Cellmic LLC), BÜHLMANN Laboratories AG
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Lateral Flow Immunoassay Reader Market Report Segments:
The global Lateral Flow Immunoassay Reader market is segmented on the basis of:
Types
Digital/Mobile Readers, Benchtop Readers
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 & Clinics, Home Care, Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, 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:
- Abbott(Alere)
- QIAGEN
- LRE Medical (Esterline)
- BD Company
- Axxin
- Chembio Diagnostics(optricon)
- Trinity Biotech
- Detekt Biomedical
- Quidel Corporation
- Abingdon
- Magnasense
- Fio Corporation
- NOW Diagnostic(Cellmic LLC)
- BÜHLMANN Laboratories AG
Highlights of The Lateral Flow Immunoassay Reader 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:
- Digital/Mobile Readers
- Benchtop Readers
- By Application:
- Hospitals & Clinics
- Home Care
- Diagnostic Laboratories
- Pharmaceutical & Biotechnology Companies
- 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 Lateral Flow Immunoassay Reader 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?
A lateral flow immunoassay reader is a device that helps to identify the presence of specific antibodies in a sample.
Some of the major companies in the lateral flow immunoassay reader market are Abbott(Alere), QIAGEN, LRE Medical (Esterline), BD Company, Axxin, Chembio Diagnostics(optricon), Trinity Biotech, Detekt Biomedical, Quidel Corporation, Abingdon, Magnasense, Fio Corporation, NOW Diagnostic(Cellmic LLC), BœHLMANN Laboratories AG.
The lateral flow immunoassay reader market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader Market Size & Forecast, 2018-2028
4.5.1 Lateral Flow Immunoassay Reader Market Size and Y-o-Y Growth
4.5.2 Lateral Flow Immunoassay Reader Market Absolute $ Opportunity
Chapter 5 Global Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader Market Size Forecast by Type
5.2.1 Digital/Mobile Readers
5.2.2 Benchtop Readers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader Market Size Forecast by Applications
6.2.1 Hospitals & Clinics
6.2.2 Home Care
6.2.3 Diagnostic Laboratories
6.2.4 Pharmaceutical & Biotechnology Companies
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader Analysis and Forecast
9.1 Introduction
9.2 North America Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader Market Size Forecast by Type
9.6.1 Digital/Mobile Readers
9.6.2 Benchtop Readers
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 Lateral Flow Immunoassay Reader Market Size Forecast by Applications
9.10.1 Hospitals & Clinics
9.10.2 Home Care
9.10.3 Diagnostic Laboratories
9.10.4 Pharmaceutical & Biotechnology Companies
9.10.5 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 Lateral Flow Immunoassay Reader Analysis and Forecast
10.1 Introduction
10.2 Europe Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader Market Size Forecast by Type
10.6.1 Digital/Mobile Readers
10.6.2 Benchtop Readers
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 Lateral Flow Immunoassay Reader Market Size Forecast by Applications
10.10.1 Hospitals & Clinics
10.10.2 Home Care
10.10.3 Diagnostic Laboratories
10.10.4 Pharmaceutical & Biotechnology Companies
10.10.5 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 Lateral Flow Immunoassay Reader Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader Market Size Forecast by Type
11.6.1 Digital/Mobile Readers
11.6.2 Benchtop Readers
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 Lateral Flow Immunoassay Reader Market Size Forecast by Applications
11.10.1 Hospitals & Clinics
11.10.2 Home Care
11.10.3 Diagnostic Laboratories
11.10.4 Pharmaceutical & Biotechnology Companies
11.10.5 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 Lateral Flow Immunoassay Reader Analysis and Forecast
12.1 Introduction
12.2 Latin America Lateral Flow Immunoassay Reader 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 Lateral Flow Immunoassay Reader Market Size Forecast by Type
12.6.1 Digital/Mobile Readers
12.6.2 Benchtop Readers
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 Lateral Flow Immunoassay Reader Market Size Forecast by Applications
12.10.1 Hospitals & Clinics
12.10.2 Home Care
12.10.3 Diagnostic Laboratories
12.10.4 Pharmaceutical & Biotechnology Companies
12.10.5 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) Lateral Flow Immunoassay Reader Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lateral Flow Immunoassay Reader 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) Lateral Flow Immunoassay Reader Market Size Forecast by Type
13.6.1 Digital/Mobile Readers
13.6.2 Benchtop Readers
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) Lateral Flow Immunoassay Reader Market Size Forecast by Applications
13.10.1 Hospitals & Clinics
13.10.2 Home Care
13.10.3 Diagnostic Laboratories
13.10.4 Pharmaceutical & Biotechnology Companies
13.10.5 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 Lateral Flow Immunoassay Reader Market: Competitive Dashboard
14.2 Global Lateral Flow Immunoassay Reader Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott(Alere)
14.3.2 QIAGEN
14.3.3 LRE Medical (Esterline)
14.3.4 BD Company
14.3.5 Axxin
14.3.6 Chembio Diagnostics(optricon)
14.3.7 Trinity Biotech
14.3.8 Detekt Biomedical
14.3.9 Quidel Corporation
14.3.10 Abingdon
14.3.11 Magnasense
14.3.12 Fio Corporation
14.3.13 NOW Diagnostic(Cellmic LLC)
14.3.14 BÜHLMANN Laboratories AG
