Market Overview:
The global lateral flow readers 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 point-of-care (POC) diagnostics, rising prevalence of infectious diseases, and growing awareness about early diagnosis and treatment. Based on type, the global lateral flow readers market is segmented into handheld readers and benchtop readers. The handheld reader segment is expected to grow at a higher CAGR than the benchtop reader segment during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for portable diagnostic devices owing to their ease of use and portability. Based on application, the global lateral flow readers market is divided into clinical (POC), veterinary, food and beverage, pharma/biologics, and other applications segments. The clinical (POC) application segment accounted for majority share of the global lateral flow readers market in 2017 owing to high adoption rates of these devices in hospitals and clinics for rapid diagnosis of various diseases. However, this segment is projected witness slower growth rate during 2018–2030 due its saturation in developed countries such as UAS., Canada., Japan.
Product Definition:
A lateral flow reader is a device used to detect the presence of an analyte in a lateral flow assay. The importance of lateral flow readers is that they allow for rapid and easy detection of analytes in a sample.
Handheld Readers:
Handheld readers are portable devices that help in quick scanning of documents. They are mostly used for reading identification cards, driver's licenses and other similar documents. The market is expected to grow at a significant rate owing to the increasing adoption of handheld readers by law enforcement agencies across the globe.
The global handheld reader’s market was valued at USD 1,17,500 in 2015.
Benchtop Readers:
The benchtop readers are used in lateral flow readers market. It is a device that allows the operator to input data and view results on an LCD screen. The main objective of this machine is to automate the process of reading from a vial or tube and print out the results on paper.
It can be used for various applications such as measuring concentration, temperature, volume, or any other parameter depending upon what kind of sensor it has attached to it.
Application Insights:
The other application segment includes personal and public health, food and beverage, veterinary, clinical (poc), pharma/biologics and others. The clinical lateral flow readers market is expected to register the highest growth over the forecast period owing to its increasing use in diagnosis of HIV infection.
The presence of multiple drug resistant bacteria such as methicillin-resistant Staphylococcus aureus (MRSA) has led to an increase in healthcare expenditure across the globe. This has resulted in growing need for effective antimicrobial agents that can be used against these infections. Lateral flow tests are considered as one of the most effective ways for screening for antibiotic resistance due to their ability to detect even low levels of antibodies against a particular bacterial strain or organism with minimal risk of cross contamination during sample preparation from infected patients¢â‚¬â„¢ blood or tissue samples using standard procedures1).
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 accurate & early diagnostic solutions are some factors responsible for its large share. Furthermore, growing government initiatives to improve access to healthcare services is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income and improving healthcare infrastructure in emerging countries such as China and India.
Key players operating within this industry include Bio-Rad Laboratories Inc., CIVCO Surgical Corp., Emarsys Ltd., Hologic Inc.
Growth Factors:
- Increasing demand for rapid and accurate diagnostic tests
- Rising prevalence of target diseases
- Technological advancements in lateral flow readers
- Growing number of private and public sector laboratories
- Rising awareness about benefits of lateral flow readers
Scope Of The Report
Report Attributes
Report Details
Report Title
Lateral Flow Readers Market Research Report
By Type
Handheld Readers, Benchtop Readers
By Application
Clinical (POC), Veterinary, Food and Beverage, Pharma/Biologics, Other
By Companies
Alere (Abbott), QIAGEN, LRE Medical (Esterline), BD Company, Skannex, Axxin, Detekt, Trinity Biotech, OpTricon, Quidel Corporation, Abingdon, Fio Corporation, Magnasense, Cellmic, VICAM
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Lateral Flow Readers Market Report Segments:
The global Lateral Flow Readers market is segmented on the basis of:
Types
Handheld 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
Clinical (POC), Veterinary, Food and Beverage, Pharma/Biologics, Other
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:
- Alere (Abbott)
- QIAGEN
- LRE Medical (Esterline)
- BD Company
- Skannex
- Axxin
- Detekt
- Trinity Biotech
- OpTricon
- Quidel Corporation
- Abingdon
- Fio Corporation
- Magnasense
- Cellmic
- VICAM
Highlights of The Lateral Flow 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:
- Handheld Readers
- Benchtop Readers
- By Application:
- Clinical (POC)
- Veterinary
- Food and Beverage
- Pharma/Biologics
- Other
- 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 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?
Lateral Flow Readers are a type of DNA testing that can be used to determine if someone has inherited a gene from a particular parent.
Some of the major companies in the lateral flow readers market are Alere (Abbott), QIAGEN, LRE Medical (Esterline), BD Company, Skannex, Axxin, Detekt, Trinity Biotech, OpTricon, Quidel Corporation, Abingdon, Fio Corporation, Magnasense, Cellmic, VICAM.
The lateral flow readers 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 Readers 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 Readers 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 Readers Market - Supply Chain
4.5. Global Lateral Flow Readers Market Forecast
4.5.1. Lateral Flow Readers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lateral Flow Readers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lateral Flow Readers Market Absolute $ Opportunity
5. Global Lateral Flow Readers 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 Readers Market Size and Volume Forecast by Type
5.3.1. Handheld Readers
5.3.2. Benchtop Readers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lateral Flow Readers 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 Readers Market Size and Volume Forecast by Application
6.3.1. Clinical (POC)
6.3.2. Veterinary
6.3.3. Food and Beverage
6.3.4. Pharma/Biologics
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lateral Flow Readers 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 Readers 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 Readers 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 Readers 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 Readers Demand Share Forecast, 2019-2026
9. North America Lateral Flow Readers 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 Readers 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 Readers Market Size and Volume Forecast by Application
9.4.1. Clinical (POC)
9.4.2. Veterinary
9.4.3. Food and Beverage
9.4.4. Pharma/Biologics
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lateral Flow Readers Market Size and Volume Forecast by Type
9.7.1. Handheld Readers
9.7.2. 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 Readers Demand Share Forecast, 2019-2026
10. Latin America Lateral Flow Readers 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 Readers 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 Readers Market Size and Volume Forecast by Application
10.4.1. Clinical (POC)
10.4.2. Veterinary
10.4.3. Food and Beverage
10.4.4. Pharma/Biologics
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lateral Flow Readers Market Size and Volume Forecast by Type
10.7.1. Handheld Readers
10.7.2. 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 Readers Demand Share Forecast, 2019-2026
11. Europe Lateral Flow Readers 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 Readers 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 Readers Market Size and Volume Forecast by Application
11.4.1. Clinical (POC)
11.4.2. Veterinary
11.4.3. Food and Beverage
11.4.4. Pharma/Biologics
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lateral Flow Readers Market Size and Volume Forecast by Type
11.7.1. Handheld Readers
11.7.2. Benchtop Readers
11.8. Basis Point Share (BPS) Analsis 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 Readers Demand Share, 2019-2026
12. Asia Pacific Lateral Flow Readers 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 Readers 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 Readers Market Size and Volume Forecast by Application
12.4.1. Clinical (POC)
12.4.2. Veterinary
12.4.3. Food and Beverage
12.4.4. Pharma/Biologics
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lateral Flow Readers Market Size and Volume Forecast by Type
12.7.1. Handheld Readers
12.7.2. 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 Readers Demand Share, 2019-2026
13. Middle East & Africa Lateral Flow Readers 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 Readers 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 Readers Market Size and Volume Forecast by Application
13.4.1. Clinical (POC)
13.4.2. Veterinary
13.4.3. Food and Beverage
13.4.4. Pharma/Biologics
13.4.5. Other
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 Readers Market Size and Volume Forecast by Type
13.7.1. Handheld Readers
13.7.2. 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 Readers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lateral Flow Readers Market: Market Share Analysis
14.2. Lateral Flow Readers Distributors and Customers
14.3. Lateral Flow Readers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alere (Abbott)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. QIAGEN
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LRE Medical (Esterline)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BD Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Skannex
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Axxin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Detekt
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Trinity Biotech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. OpTricon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Quidel Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Abingdon
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fio Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Magnasense
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Cellmic
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. VICAM
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