Market Overview:
The global universal lateral flow assay (LFA) kits market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for rapid and accurate diagnostic tests, technological advancements in lateral flow assay technology, and rising prevalence of infectious diseases. The global universal LFA kits market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into customized specifications and general specifications. The customized specification segment is further sub-segmented into antigen detection kit, drug detection kit, pregnancy test kit, and others. The general specification segment is further sub-segmented into ELISA reader compatible lateral flow assay (LFA) kits and non-ELISA reader compatible lateral flow assay (LFA) kits. On the basis of application, the market is divided into sandwich FLA and point-of-care testing (POCT). Sandwich FLA accounted for a larger share of the global universal LFA kits market in 2017 owing to its high accuracy levels as compared to POCT applications.
 Kits Industry Outlook.svg)
Product Definition:
Universal Lateral Flow Assay(LFA) Kits are a quick and easy way to test for the presence of a target molecule in a sample. The importance of Universal Lateral Flow Assay(LFA) Kits is that they are simple to use, require no specialized equipment, and can be used with a variety of sample types.
Customized Specifications:
Customized specifications, it's usage and growth factor in Universal Lateral Flow Assay(LFA) kits market is a research study conducted by Becton, Dickinson and Company for its customerele across the globe. The study covered different aspects of customized specifications, which are used in lateral flow assays. The main objective of this research was to find out ways that can help increase awareness regarding the benefits offered by these products to customers as well as general physicians who treat routine clinical samples.
General Specifications:
The general specifications include features of the Universal Lateral Flow Assay (LFA) kits such as detection range, linearity, accuracy, and stability. The assay is used for detecting target analytes in biological fluids such as urine, serum or plasma. General specifications also cover properties of reagents and other components included in the kit along with the sample analysis process.
Application Insights:
The general testing segment dominated the global market in 2017. This is attributed to the rising number of research studies that have employed LFA for various applications, such as drug discovery and development, epidemiology and public health, food safety & agriculture, environmental monitoring & remediation among others.
In addition, increasing demand for rapid point-of-care tests has been driving growth in this segment. These types of tests are highly preferred by clinicians due to their ease of use and high specificity/ sensitivity ratio. The growing preference for point-of-care testing is expected to drive demand over the forecast period as these tests offer specific information about a patient¢â‚¬â„¢s sample within 15 minutes after its administration without necessitating further analysis or laboratory work at a separate facility from where it was performed.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for Lateral Flow Assays from clinical research studies are some factors driving the regional market. Moreover, North America is a major manufacturing hub for pharmaceuticals and medical devices; this factor is also expected to positively impact the growth over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to rising disposable income levels in emerging economies such as India and China. In addition, an increase in government initiatives aimed at improving public health by promoting early diagnosis of diseases is further expected to drive regional demand during the forecast period.
Growth Factors:
- Increasing demand for rapid and accurate diagnostic tests
- Technological advancements in lateral flow assay kits
- Growing prevalence of target diseases
- Rising number of collaborations and partnerships between diagnostic companies
- Increasing investments in R&D
Scope Of The Report
Report Attributes
Report Details
Report Title
Universal Lateral Flow Assay(LFA) Kits Market Research Report
By Type
Customized Specifications, General Specifications
By Application
Sandwich FLA, Point-of-care Testing
By Companies
Thermo Fisher, Bio-Rad Laboratories, Becton, Dickinson, Expedeon Ltd., Novus Biologicals, Abcam, Hologic, Inc., PerkinElmer, Innova Biosciences Ltd., Milenia Biotec, SYGNIS 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
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Universal Lateral Flow Assay(LFA) Kits Market Report Segments:
The global Universal Lateral Flow Assay(LFA) Kits market is segmented on the basis of:
Types
Customized Specifications, General Specifications
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
Sandwich FLA, Point-of-care Testing
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:
- Thermo Fisher
- Bio-Rad Laboratories
- Becton, Dickinson
- Expedeon Ltd.
- Novus Biologicals
- Abcam
- Hologic, Inc.
- PerkinElmer
- Innova Biosciences Ltd.
- Milenia Biotec
- SYGNIS AG
 Kits Market Overview.svg)
Highlights of The Universal Lateral Flow Assay(LFA) Kits 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:
- Customized Specifications
- General Specifications
- By Application:
- Sandwich FLA
- Point-of-care Testing
- 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 Universal Lateral Flow Assay(LFA) Kits 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Kits Market Statistics.svg)
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?
Universal Lateral Flow Assay Kits are a type of blood test that can be used to detect the presence of certain types of cancer.
Some of the major players in the universal lateral flow assay(lfa) kits market are Thermo Fisher, Bio-Rad Laboratories, Becton, Dickinson, Expedeon Ltd., Novus Biologicals, Abcam, Hologic, Inc., PerkinElmer, Innova Biosciences Ltd., Milenia Biotec, SYGNIS AG.
The universal lateral flow assay(lfa) kits market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Universal Lateral Flow Assay(LFA) Kits 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 Universal Lateral Flow Assay(LFA) Kits Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Universal Lateral Flow Assay(LFA) Kits 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 Universal Lateral Flow Assay(LFA) Kits 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 Universal Lateral Flow Assay(LFA) Kits Market Size & Forecast, 2020-2028
4.5.1 Universal Lateral Flow Assay(LFA) Kits Market Size and Y-o-Y Growth
4.5.2 Universal Lateral Flow Assay(LFA) Kits Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Customized Specifications
5.2.2 General Specifications
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Sandwich FLA
6.2.2 Point-of-care Testing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Universal Lateral Flow Assay(LFA) Kits 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 Universal Lateral Flow Assay(LFA) Kits 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Customized Specifications
9.6.2 General Specifications
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 Market Size Forecast by Applications
9.10.1 Sandwich FLA
9.10.2 Point-of-care Testing
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Customized Specifications
10.6.2 General Specifications
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 Market Size Forecast by Applications
10.10.1 Sandwich FLA
10.10.2 Point-of-care Testing
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Customized Specifications
11.6.2 General Specifications
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 Market Size Forecast by Applications
11.10.1 Sandwich FLA
11.10.2 Point-of-care Testing
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Customized Specifications
12.6.2 General Specifications
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 Market Size Forecast by Applications
12.10.1 Sandwich FLA
12.10.2 Point-of-care Testing
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Customized Specifications
13.6.2 General Specifications
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) Market Size Forecast by Applications
13.10.1 Sandwich FLA
13.10.2 Point-of-care Testing
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 Universal Lateral Flow Assay(LFA) Kits Market: Competitive Dashboard
14.2 Global Universal Lateral Flow Assay(LFA) Kits Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher
14.3.2 Bio-Rad Laboratories
14.3.3 Becton, Dickinson
14.3.4 Expedeon Ltd.
14.3.5 Novus Biologicals
14.3.6 Abcam
14.3.7 Hologic, Inc.
14.3.8 PerkinElmer
14.3.9 Innova Biosciences Ltd.
14.3.10 Milenia Biotec
14.3.11 SYGNIS AG
