Market Overview:
The global lateral flow assay test 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 incidence of infectious diseases, growing demand for rapid and point-of-care diagnostics, and technological advancements in lateral flow assay readers. Based on type, the global lateral flow assay test market is segmented into kits and reagents, lateral flow assay readers, digital/mobile readers, and benchtop readers. The kits and reagents segment is expected to account for the largest share of the global market in 2018. This segment is also projected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030. This growth can be attributed to rising demand for rapid diagnostic tests across all application segments. Based on application, the global lateral flow assay test market is divided into hospitals & clinics, home care settings (including long-term care facilities), diagnostic laboratories (including reference laboratories), pharmaceutical & biotechnology companies (P&B companies), and other end users such as research institutes & universities).
Product Definition:
Lateral Flow Assay Test is a test which is used to detect the presence of an analyte in a sample. It works by using antibodies which are attached to a strip of paper. The strip is then placed in contact with the sample and if the analyte is present, it will bind to the antibodies. A coloured line will then develop on the strip and this can be read by comparing it to a standardised scale. Lateral flow assay tests are often used for diagnostic purposes as they are quick and easy to use.
Kits and Reagents:
Kits and reagents are the two components of a lateral flow assay. It is used for detecting the presence of target analyte in samples by utilizing an optical detector. The two components together make up a complete test that gives accurate results.
Lateral Flow Assay Readers:
Lateral Flow Assay (LF test) is a method used for the detection of specific antibodies, hormones, and antigens in biological fluids such as urine, serum, plasma or tissue samples. The lateral flow assay readers are used to measure the optical density at each well of a 96-well plate using an LED light source. These devices are portable and can be easily operated by any user without any training.
Application Insights:
The market is segmented by application into hospitals, clinics, home care, diagnostic laboratories and pharmaceutical and biotechnology companies. Hospitals held the largest share in 2017 owing to the presence of a large number of HIV patients at hospitals. The need for rapid testing with high accuracy for detecting HIV is driving the demand from this segment.
Clinics are expected to be one of the fastest-growing segments over the forecast period due to an increase in new cases of infectious diseases such as chlamydia infections and gonorrhea among others across developed countries globally. In addition, a rise in lifestyle disorders including drug abuse along with genetic abnormalities that can lead to disease transmission will drive growth during this period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as local presence of major players, high disposable income, and increasing government initiatives for product development & approval. For instance, in February 2018, Bio-Rad launched a lateral flow assay reader with smartphone app integration that is CE marked for use throughout Europe. Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as rising healthcare expenditure and improving infrastructure in countries like India & China.
Infectious Diseases are one of the most prevalent health issues worldwide which has leds people from different parts of world coming together on common ground i.e.
Growth Factors:
- Increasing demand for point-of-care diagnostics: The lateral flow assay test market is expected to benefit from the increasing demand for point-of-care diagnostics. This is because of the advantages offered by these tests, such as their low cost, easy availability, and rapid results.
- Technological advancements: The lateral flow assay test 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 these tests, while also reducing their costs.
- Rising prevalence of infectious diseases: The global incidence of infectious diseases is rising rapidly, which is leading to an increased demand for lateral flow assay tests for their diagnosis and treatment monitoring purposes.
- Growing awareness about preventive healthcare: There has been a growing awareness among people about the importance of preventive healthcare in recent years. As a result, there has been an increase in the use of lateral flow assay tests for detecting early signs and symptoms of various diseases so that they can be treated before they become serious problems
Scope Of The Report
Report Attributes
Report Details
Report Title
Lateral Flow Assay Test Market Research Report
By Type
Kits and Reagents, Lateral Flow Assay Readers, Digital/Mobile Readers, Benchtop Readers
By Application
Hospitals, Clinics, Home Care, Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies
By Companies
F. Hoffmann-La Roche, Alere, Danaher Corporation, Abbott Laboratories, Bio-Rad Laboratories, Johnson & Johnson, Thermo Fisher Scientific
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Lateral Flow Assay Test Market Report Segments:
The global Lateral Flow Assay Test market is segmented on the basis of:
Types
Kits and Reagents, Lateral Flow Assay Readers, 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 and Biotechnology Companies
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:
- F. Hoffmann-La Roche
- Alere
- Danaher Corporation
- Abbott Laboratories
- Bio-Rad Laboratories
- Johnson & Johnson
- Thermo Fisher Scientific
Highlights of The Lateral Flow Assay Test 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:
- Kits and Reagents
- Lateral Flow Assay Readers
- Digital/Mobile Readers
- Benchtop Readers
- By Application:
- Hospitals
- Clinics
- Home Care
- Diagnostic Laboratories
- Pharmaceutical and Biotechnology Companies
- 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 Assay Test 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
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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?
Lateral flow assay test is a blood test that measures the level of antibodies in your blood. Antibodies are proteins that help your body fight infection.
Some of the key players operating in the lateral flow assay test market are F. Hoffmann-La Roche, Alere, Danaher Corporation, Abbott Laboratories, Bio-Rad Laboratories, Johnson & Johnson, Thermo Fisher Scientific.
The lateral flow assay test market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lateral Flow Assay Test Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lateral Flow Assay Test Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lateral Flow Assay Test Market - Supply Chain
4.5. Global Lateral Flow Assay Test Market Forecast
4.5.1. Lateral Flow Assay Test Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lateral Flow Assay Test Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lateral Flow Assay Test Market Absolute $ Opportunity
5. Global Lateral Flow Assay Test Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lateral Flow Assay Test Market Size and Volume Forecast by Type
5.3.1. Kits and Reagents
5.3.2. Lateral Flow Assay Readers
5.3.3. Digital/Mobile Readers
5.3.4. Benchtop Readers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lateral Flow Assay Test Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lateral Flow Assay Test Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Home Care
6.3.4. Diagnostic Laboratories
6.3.5. Pharmaceutical and Biotechnology Companies
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lateral Flow Assay Test Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lateral Flow Assay Test Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lateral Flow Assay Test Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lateral Flow Assay Test Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lateral Flow Assay Test Demand Share Forecast, 2019-2026
9. North America Lateral Flow Assay Test Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lateral Flow Assay Test Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lateral Flow Assay Test Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Home Care
9.4.4. Diagnostic Laboratories
9.4.5. Pharmaceutical and Biotechnology Companies
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lateral Flow Assay Test Market Size and Volume Forecast by Type
9.7.1. Kits and Reagents
9.7.2. Lateral Flow Assay Readers
9.7.3. Digital/Mobile Readers
9.7.4. Benchtop Readers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lateral Flow Assay Test Demand Share Forecast, 2019-2026
10. Latin America Lateral Flow Assay Test Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lateral Flow Assay Test Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lateral Flow Assay Test Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Home Care
10.4.4. Diagnostic Laboratories
10.4.5. Pharmaceutical and Biotechnology Companies
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lateral Flow Assay Test Market Size and Volume Forecast by Type
10.7.1. Kits and Reagents
10.7.2. Lateral Flow Assay Readers
10.7.3. Digital/Mobile Readers
10.7.4. Benchtop Readers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lateral Flow Assay Test Demand Share Forecast, 2019-2026
11. Europe Lateral Flow Assay Test Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lateral Flow Assay Test Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lateral Flow Assay Test Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Home Care
11.4.4. Diagnostic Laboratories
11.4.5. Pharmaceutical and Biotechnology Companies
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lateral Flow Assay Test Market Size and Volume Forecast by Type
11.7.1. Kits and Reagents
11.7.2. Lateral Flow Assay Readers
11.7.3. Digital/Mobile Readers
11.7.4. Benchtop Readers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lateral Flow Assay Test Demand Share, 2019-2026
12. Asia Pacific Lateral Flow Assay Test Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lateral Flow Assay Test Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lateral Flow Assay Test Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Home Care
12.4.4. Diagnostic Laboratories
12.4.5. Pharmaceutical and Biotechnology Companies
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lateral Flow Assay Test Market Size and Volume Forecast by Type
12.7.1. Kits and Reagents
12.7.2. Lateral Flow Assay Readers
12.7.3. Digital/Mobile Readers
12.7.4. Benchtop Readers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lateral Flow Assay Test Demand Share, 2019-2026
13. Middle East & Africa Lateral Flow Assay Test Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lateral Flow Assay Test Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lateral Flow Assay Test Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Home Care
13.4.4. Diagnostic Laboratories
13.4.5. Pharmaceutical and Biotechnology Companies
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lateral Flow Assay Test Market Size and Volume Forecast by Type
13.7.1. Kits and Reagents
13.7.2. Lateral Flow Assay Readers
13.7.3. Digital/Mobile Readers
13.7.4. Benchtop Readers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lateral Flow Assay Test Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lateral Flow Assay Test Market: Market Share Analysis
14.2. Lateral Flow Assay Test Distributors and Customers
14.3. Lateral Flow Assay Test Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. F. Hoffmann-La Roche
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alere
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Danaher Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Abbott Laboratories
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bio-Rad Laboratories
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Johnson & Johnson
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Thermo Fisher Scientific
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
