Lateral Flow Assays Market is a valuable market report which makes aware of the Medical Devices industry insights so that nothing gets missed. The forecast, analysis, and estimations performed in this report are all based upon the best and well-established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. It consists of most-detailed market segmentation, systematic analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. A persuasive Lateral Flow Assays Market report gives key measurements, the status of the manufacturers, and is a significant source of direction for the businesses and organizations.

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Prominent players:

Abbott Laboratories (US),

F. Hoffman-La Roche Ltd. (Switzerland),

Danaher Corporation (US),

Siemens AG (Germany),

Becton, Dickinson and Company (US),

bioMérieux SA (France),

Bio-Rad Laboratories (US),

Thermo Fisher Scientific, Inc. (US),

PerkinElmer Inc. (US),

Hologic Inc. (US),

QIAGEN N.V. (Netherlands),

Quidel Corporation (US),

Merck KGaA (Germany),

Abcam plc (UK),

Surmodics IVD (US),

Chembio Diagnostic Systems, Inc. (US),

OraSure Technologies (US),

DCN Diagnostics (US),

Polysciences, Inc. (US),

Abingdon Health (UK),

BioPorto Diagnostics A/S (Denmark),

Microcoat Biotechnologie GmbH (Germany),

Scienion AG (Germany),

Senova GmbH (Germany),

and Access Bio, Inc. (US).

The global lateral flow assays market is projected to reach USD 10.2 billion by 2025 from USD 8.2 billion in 2020, at a CAGR of 4.5% during the forecast period.

The growing prevalence of infectious diseases globally, increasing aging population, growing demand for point-of-care and home-based lateral flow assay devices, and increasing demand in food and environment safety and veterinary diagnostics industry are the major factors driving the growth of this market. On the other hand, the reluctance among doctors and patients to change existing diagnostic procedures and the low accuracy of lateral flow assays are the key factors restraining the growth of the market in the forecast period.

A breakdown of the primary participants referred to for this report is provided below:

By Company Type: Tier 1–30%, Tier 2–25%, and Tier 3–45%
By Designation: C-level–40%, Director Level–35%, and Others–25%
By Region: North America–36%, Europe–26%, Asia Pacific–21%, Latin America- 10%, Middle East & Africa – 7%
“The kits and reagents segment holds the highest market share, by product, in the forecast period.”

On the basis of product, the lateral flow assays market is broadly segmented into kits & reagents and lateral flow readers. Lateral flow readers are further segmented into digital/handheld readers, benchtop readers and mobile/smartphone readers.The large share of this segment can be attributed to the increasing application of lateral flow kits & reagents for POC testing, growing burden of chronic diseases, increasing use of lateral flow kits in home care, and the convenience and ease of use of kits & reagents.

“Wide applications of lateral flow assays in food safety and environment testing promote the growth of this segment in the forecast period.”

Based on applications, the lateral flow assays market is broadly segmented into clinical testing, veterinary diagnostics, food safety & environment testing, and drug development & quality testing. The food safety & environment testing segment is projected to register the highest growth rate in the lateral flow assays market, by an application during the forecast period. This can be attributed to lateral flow assays emerging as simple and rapid alternatives to traditional methods for the detection of foodborne pathogens and contaminants. In case of environment testing, lateral flow assays finding wide applications due to their ability to handle a wide variety of samples and perform many sample-handling tasks, such as filtration, concentration, and removal of cross-reactive elements.

“In the lateral flow assay kits & reagents by technique segment,, sandwich assays holds the highest market share”

On the basis of technique, the lateral flow assay kits & reagents market is segmented into competitive assays, sandwich assays, and multiplex detection assays. Sandwich assays holds the highest share in the lateral flow assays market. The large share of this segment can be attributed to the better assay sensitivity and specificity associated with sandwich assays as well as its extensive application in the measurement of critical analytes (such as cardiac and hepatitis markers).

“By sample type, the Other Samples segment is growing at the fastest rate in the forecast period”

Based on sample type, the lateral flow assays market for clinical testing applications is segmented into blood, urine, saliva, and other samples. In this segment, Other Samples is projected to register the highest growth rate in the lateral flow assays market for clinical testing applications segment during the forecast period. The high growth rate of this segment can be attributed to increase in R&D for lateral flow diagnostic testing and the need for more specific disease testing.

“North American region holds the highest market share in the lateral flow assays market”

North America is expected to account for the largest share of the global lateral flow assays market in 2019. The large share of the North American region is due to the lucrative growth opportunities the region offers due to the presence of several large hospitals and health systems, changing regulations, and the rising geriatric population in the country. A vast majority of global players are also based in the US, owing to which the country is a center for innovation in the lateral flow assays market.

Research Coverage:

The report analyzes the market for various lateral flow assays market and their adoption pattern. It aims at estimating the market size and future growth potential of the global lateral flow assays market and different segments such as application, source, type, function and regions. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product & service offerings, and recent developments.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening their market presence.

This report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global lateral flow assays market
Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product or service launches in the global lateral flow assays market
Market Development: Comprehensive information on the lucrative emerging regions by products, end user, and region
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global lateral flow assays market
Competitive Assessment: In-depth assessment of market shares, growth strategies, revenue analysis, and products & services of leading players in the global lateral flow assays market
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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Category-Wise Inclusions And Exclusions In The Lateral Flow Assays Market
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.4.1 Exchange Rates Utilized For Conversion To Usd
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Approach
2.1.1 Research Design
2.1.2 Secondary Data
2.1.2.1 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.1.3.2 Key Data From Primary Sources
2.1.3.3 Breakdown Of Primaries
Figure 1 Breakdown Of Primary Interviews (Supply Side): By Company Type, Designation, And Region
2.2 Market Size Estimation
Figure 2 Market Size Estimation: Revenue Share Analysis (2019)
Figure 3 Market Size Estimation: Revenue Share Analysis (2019)
Figure 4 Supply-Side Analysis: Lateral Flow Assays Market (2019)
Figure 5 Approach 3: Demand-Side Approach, Based On The Malaria Lateral Flow Testing Market Size (2019)
Figure 6 Cagr Projections: Supply-Side Analysis Of The Lateral Flow Assays Market (2019)
Figure 7 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges Of The Lateral Flow Assays Market (2020-2025)
2.3 Market Breakdown & Data Triangulation
Figure 8 Data Triangulation Methodology
2.4 Market Share Estimation
2.5 Assumptions For The Study
2.6 Covid-19 Health Assessment
2.7 Covid-19 Economic Assessment
2.8 Assessment Of The Impact Of Covid-19 On The Economic Scenario
Figure 9 Criteria Impacting The Global Economy
2.9 Assessment Of The Impact Of Covid-19 On The Economic Scenario In The Lateral Flow Assays Market

3 Executive Summary
Figure 11 Lateral Flow Assays Market, By Product, 2020 Vs. 2025 (Usd Million)
Figure 12 Lateral Flow Assay Kits & Reagents Market, By Technique, 2020 Vs. 2025 (Usd Million)
Figure 13 Lateral Flow Assays Market, By Application, 2020 Vs. 2025 (Usd Million) 65
Figure 14 Clinical Testing Lateral Flow Assays Market, By Sample Type, 2020 Vs. 2025 (Usd Million)
Figure 15 Lateral Flow Assays Market, By End User, 2020 Vs. 2025 (Usd Million)
Figure 16 Geographical Snapshot Of The Lateral Flow Assays Market

4 Premium Insights
4.1 Lateral Flow Assays Market Overview
Figure 17 Rising Covid-19 Patient Population And Growth In The Prevalence Of Infectious Diseases Is Driving The Growth Of The Lateral Flow Assays Market
4.2 Regional Mix: Lateral Flow Assays Market
Figure 18 Apac To Register The Highest Cagr Of 7.0% During The Forecast Period
4.3 Lateral Flow Assays Market: Developed Vs. Developing Markets
Figure 19 Developing Markets To Register Higher Growth During The Forecast Period

5 Market Overview
5.1 Introduction
Figure 20 Lateral Flow Assays Market: Drivers, Restraints, Opportunities, And Challenges
5.2 Market Dynamics: Impact Analysis
5.2.1 Market Drivers
5.2.1.1 High Prevalence Of Infectious Diseases Across The Globe
Figure 21 Prevalence Of Infectious Diseases Worldwide
Table 1 Prevalence Of Hiv Worldwide (2017 Vs. 2019)
5.2.1.2 Rapidly Increasing Geriatric Population
Figure 22 Geriatric Population, By Region, 2019 Vs. 2030 (Million)
Figure 23 Geriatric Population, By Country, 2010 Vs. 2019 (Million)
5.2.1.3 Growing Usage Of Home-Based Lateral Flow Assay Devices
5.2.1.4 Growing Demand For Point-Of-Care Testing
5.2.1.5 Need For Rapid Diagnostic Testing For Covid-19
Figure 24 Number Of Confirmed Cases Of Covid-19, By Who Region (Million)
5.2.2 Market Restraints
5.2.2.1 Reluctance Towards Changing Existing Diagnostic Practices
5.2.2.2 Lower Accuracy Of Lateral Flow Assay Tests
5.2.3 Market Opportunities
5.2.3.1 Evolving Applications Of Lateral Flow Assays
Table 2 List Of Commercially Available Saliva Lfa Products
5.2.3.2 Rising Demand For Lateral Flow Assays In The Food & Beverage Industry
5.2.4 Challenges
5.2.4.1 Limited Reimbursements For Lateral Flow Assay Products
5.2.4.2 Difficulties In Procuring Quality Raw Materials For The Development Of Lateral Flow Assay Tests
5.3 Porter’s Five Forces Analysis
Table 3 Lateral Flow Assays Market: Porter’s Five Forces Analysis
5.3.1 Threat From New Entrants
5.3.2 Threat From Substitutes
5.3.3 Bargaining Power Of Suppliers
5.3.4 Bargaining Power Of Buyers
5.3.5 Intensity Of Competitive Rivalry
5.4 Average Selling Price Trend
Table 4 Average Selling Price Of Lateral Flow Analyzers, By Region, 2015 Vs. 2020
5.5 Value Chain Analysis
Figure 25 Lateral Flow Assays Market: Value Chain Analysis (2019)
5.6 Ecosystem Map
Figure 26 Ecosystem: Lateral Flow Assays Market (2019)
5.7 Technology Analysis
5.7.1 Key Technology: Lateral Flow Assays
5.7.2 Adjacent Technology: Elisa (Enzyme-Linked Immunosorbent Assays)
5.8 Covid-19 Impact On The Lateral Flow Assays Market

6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Integration Of Microfluidic Technology In Lateral Flow Assays
6.2.2 Demand For Quantitative Results
Table 5 Manufacturers And Models Of Optical Detectors For Recording Immunochromatography Results
Table 6 Examples Of Smartphone/Mobile Phone-Based Quantitative Lateral Flow Assays And Their Target Analytes
6.2.3 Rising Demand For Multiplexed Lateral Flow Biosensors
6.2.4 Nanoparticle-Based Lateral Flow Assays
6.3 Regulatory Analysis
Table 7 Regulatory Standards/Approvals Required For Lateral Flow Immunoassay Products, By Country/Region
6.3.1 North America
6.3.2 Europe
6.3.3 Asia
6.3.3.1 India
6.3.3.2 China
6.3.3.3 Japan
6.4 Component Analysis For Lateral Flow Assay Kits
6.4.1 Membranes
6.4.1.1 Nitrocellulose Membranes
6.4.1.2 Other Membranes
6.4.2 Pads
6.4.2.1 Conjugate Pads
6.4.2.2 Absorbent Pads

7 Lateral Flow Assays Market, By Product

8 Lateral Flow Assays Market, By Application

9 Lateral Flow Assay Kits & Reagents Market, By Technique

10 Clinical Testing Lateral Flow Assays Market, By Sample Type

11 Lateral Flow Assays Market, By End User

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