lateral flow assay market is analyzed by Data Bridge Market Research, wherein we have accounted for the market to witness a potential growth rate of 6.79% in the forecasted period of 2020 to 2027, resulting in the market reaching a cap of USD 10.72 billion by the end of the forecasted period. High consumption rate for home-based lateral flow testing products and solutions which have been combined with the requirement of better form of point-of-care testing products, these factors are acting as the growth drivers for lateral flow assay market in the above-mentioned forecasted period of 2020 to 2027
This lateral flow assay market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research lateral flow assay market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. Lack of preference from the consumers to shift from traditional method of diagnostic testing and adopting advanced methods, as well as the excise duty implementation of a significant volume on the trading of medical devices are expected to restrain the market growth in the above-mentioned forecasted period of 2020 to 2027.
Global Lateral Flow Assay Market By Product (Kits & Reagents, Lateral Flow Readers), Technique (Sandwich Assays, Competitive Assays, Multiplex Detection Assays), Application (Clinical/POC Testing, Veterinary Diagnostics, Food Safety & Environment Testing, Drug Development & Quality Testing), End User (Hospitals & Clinics, Home Care, Pharmaceutical & Biotechnology Companies, Diagnostic Laboratories, Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Supermarket/Hypermarket, E-Commerce), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle E lateral flow assay market ast & Africa), Industry Trends and Forecast to 2027
Lateral Flow Assay Market Country Level Analysis
The countries covered in lateral flow assay market report are U.S., Canada and Mexico in North America, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Brazil, Argentina and Rest of South America as part of South America and South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa (MEA) as a part of Middle East and Africa (MEA).North America will be the dominant region for lateral flow assay market in the forecasted period of 2020 to 2027. This position of the region is expected to be backed by the availability of advanced healthcare infrastructure and services along with the growing incidences of target chronic disorders amid growth of geriatric population from the region. Due to the presence of major market players in the region, the innovations and advancements in collaboration with the other market players have also been one of the major factors behind this market’s significant growth potential.
Lateral flow assay market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lateral flow assay market.The major players covered in the lateral flow assay market report are F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, BD, bioMérieux SA, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., QIAGEN, PerkinElmer Inc., Abbott, Hologic, Inc., Quidel Corporation, ABINGDON HEALTH, Trinity Biotech Ireland, Lumos Diagnostics, Merck KGaA, Cytodiagnostics Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), South America and Middle East and Africa (MEA) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Lateral Flow Assay Market:
Lateral flow assay market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
All country based analysis of the lateral flow assay market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the market is segmented into kits & reagents and lateral flow readers. Based on technique, the market is segmented into sandwich assays, competitive assays and multiplex detection assays. Based on end-user, the market is segmented into hospitals & clinics, home care, pharmaceutical & biotechnology companies, diagnostic laboratories and others. Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, supermarket/hypermarket and e-commerce. The applications covered for the report are clinical/POC testing, veterinary diagnostics, food safety & environment testing, drug development & quality testing.
Lateral flow assay is a type of diagnostic test which is used to detect the presence of target analyte in liquid sample and involving antibodies and DNA biochemical interactions with no usage of any specialized and costly equipment. This type of test is also performed by less trained individuals.
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The key questions answered in this report:
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