Lateral Flow Assay Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Lateral Flow Assay Market is projected to register a CAGR of 6% over the forecast period, with a revenue of USD 7,533 million in 2021 and expected to reach USD 11,551 million by 2028.

Lateral flow analysis, also known as lateral flow immunochromatographic analysis, is a device used to detect the presence (or absence) of a target analyte, such as a biomarker or pathogen, in a sample (matrix). Lateral flow analysis is primarily used for point-of-care testing, home testing, and medical diagnostics for laboratory use. A side flow assay strip consists of a conjugate or reagent pad, a sample pad, a wick or waste reservoir, and a reaction membrane.

Market Segments

By Type

• Kits & Reagents
• Lateral Flow Readers

By Application

• Clinical Testing
• Food Safety & Environmental Testing
• Drug Development & Quality Testing

By Technique

• Sandwich Assays
• Competitive Assays
• Multiplex Detection Assays

Key Players

• Abbott Laboratories
• bioMerieux S.A
• Bio-Rad Laboratories Inc.
• Danaher Corporation
• QIAGEN N.V.
• Thermo Fisher Scientific, Inc.
• Siemens Healthineers
• Hologic Inc.
• F. Hoffmann-La Roche Ltd

Scope of the Report

The research study analyzes the global Lateral Flow Assay industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Lateral Flow Assay Market Report

1. What was the Lateral Flow Assay Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Lateral Flow Assay Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Lateral Flow Assay Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.