July 20, 2024

Lateral Flow Assay Market Size To Cross USD 16.74 Bn By 2032

The global lateral flow assay market size accounted for US$ 11.34 Bn in 2022 and is projected to reach around USD 16.74 Bn by 2032, growing at a CAGR of 3.97% from 2023 to 2032.

Lateral Flow Assay Market Size 2023 To 2032

Report Summary

The global lateral flow assay market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the lateral flow assay market across the globe.

A comprehensive estimate on the lateral flow assay market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of lateral flow assay during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Lateral Flow Assay Market Report Scope

Report CoverageDetails
Market Size in 2023USD 11.79 Billion
Market Size by 2032USD 16.74 Billion
Growth Rate from 2023CAGR of 3.97%
Largest MarketNorth America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Product, By Application, By Technique, By Test Type, and By End-User
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized lateral flow assay market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Protein Expression Market Size To Cross USD 10.38 Bn By 2032

Market Players

The report includes the profiles of key lateral flow assay market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area

  • Abbott Laboratories
  • Thermo Fisher Scientific, Inc.
  • F. Hoffmann-La Roche AG
  • Bio-Rad Laboratories, Inc
  • bioMérieux SA
  • Quidel Corporation
  • Hologic, Inc.
  • PerkinElmer, Inc.
  • Merck KGaA
  • BD
  • Siemens Healthineers
  • Danaher Corporation
  • QIAGEN N.V.

Lateral Flow Assay Market Segmentation

By Product

  • Kits & Reagents
  • Lateral Flow Readers
    • Lateral Flow Readers
    • Benchtop Readers
    • Digital Readers

By Application

  • Clinical Testing
    • Infectious Disease Testing
      • COVID-19
      • Mosquito Borne Disease Testing
      • Influenza Testing
      • Sexually Transmitted Infection Testing
        • STI Testing
        • HIV Testing
        • HPV Testing
        • Chlamydia Testing
        • Gonorrhea Testing
        • Syphilis Testing
        • Other STI Testing
          • Hepatitis
          • Tuberculosis
          • Other Infectious Diseases
        • Cardiac Marker Testing
          • Troponin I and T Testing
          • CK-MB Testing
          • BNP and NT-Probnp Testing
          • Myoglobin Testing
          • D-Dimer Testing
          • Other Cardiac Marker Tests
        • Pregnancy & Fertility Testing
          • Pregnancy Testing
          • Fertility Testing
        • Cholesterol Testing/Lipid Profile
        • Drugs of Abuse Testing
        • Other Clinical Tests
      • Veterinary Diagnostics
      • Food Safety & Environment Testing
      • Drug Development & Quality Testing

By Technique

  • Sandwich Assays
  • Competitive Assays
  • Multiplex Detection Assays

By Test Type

  • Lateral Flow Immunoassay
  • Nucleic Acid Lateral Flow Assay

By End-User

  • Hospitals & Clinics
  • Diagnostic Laboratories
  • Home Care
  • Pharmaceutical & Biotechnology Companies
  • Others

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Lateral Flow Assay Market 

5.1. COVID-19 Landscape: Lateral Flow Assay Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Lateral Flow Assay Market, By Product

8.1. Lateral Flow Assay Market, by Product, 2023-2032

8.1.1. Kits & Reagents

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Lateral Flow Readers

8.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Lateral Flow Assay Market, By Application

9.1. Lateral Flow Assay Market, by Application, 2023-2032

9.1.1. Clinical Testing

9.1.1.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Lateral Flow Assay Market, By Technique 

10.1. Lateral Flow Assay Market, by Technique, 2023-2032

10.1.1. Sandwich Assays

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Competitive Assays

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Multiplex Detection Assays

10.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Lateral Flow Assay Market, By Test Type

11.1. Lateral Flow Assay Market, by Test Type, 2023-2032

11.1.1. Lateral Flow Immunoassay

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Nucleic Acid Lateral Flow Assay

11.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Lateral Flow Assay Market, By End-User

12.1. Lateral Flow Assay Market, by End-User, 2023-2032

12.1.1. Hospitals & Clinics

12.1.1.1. Market Revenue and Forecast (2020-2032)

12.1.2. Diagnostic Laboratories

12.1.2.1. Market Revenue and Forecast (2020-2032)

12.1.3. Home Care

12.1.3.1. Market Revenue and Forecast (2020-2032)

12.1.4. Pharmaceutical & Biotechnology Companies

12.1.4.1. Market Revenue and Forecast (2020-2032)

12.1.5. Others

12.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 13. Global Lateral Flow Assay Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Product (2020-2032)

13.1.2. Market Revenue and Forecast, by Application (2020-2032)

13.1.3. Market Revenue and Forecast, by Technique (2020-2032)

13.1.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.1.5. Market Revenue and Forecast, by End-User (2020-2032)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.1.6.2. Market Revenue and Forecast, by Application (2020-2032)

13.1.6.3. Market Revenue and Forecast, by Technique (2020-2032)

13.1.6.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.1.6.5. Market Revenue and Forecast, by End-User (2020-2032)

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Forecast, by Product (2020-2032)

13.1.7.2. Market Revenue and Forecast, by Application (2020-2032)

13.1.7.3. Market Revenue and Forecast, by Technique (2020-2032)

13.1.7.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.1.7.5. Market Revenue and Forecast, by End-User (2020-2032)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.2. Market Revenue and Forecast, by Application (2020-2032)

13.2.3. Market Revenue and Forecast, by Technique (2020-2032)

13.2.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.2.5. Market Revenue and Forecast, by End-User (2020-2032)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.6.2. Market Revenue and Forecast, by Application (2020-2032)

13.2.6.3. Market Revenue and Forecast, by Technique (2020-2032)

13.2.7. Market Revenue and Forecast, by Test Type (2020-2032)

13.2.8. Market Revenue and Forecast, by End-User (2020-2032)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.9.2. Market Revenue and Forecast, by Application (2020-2032)

13.2.9.3. Market Revenue and Forecast, by Technique (2020-2032)

13.2.10. Market Revenue and Forecast, by Test Type (2020-2032)

13.2.11. Market Revenue and Forecast, by End-User (2020-2032)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.12.2. Market Revenue and Forecast, by Application (2020-2032)

13.2.12.3. Market Revenue and Forecast, by Technique (2020-2032)

13.2.12.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.2.13. Market Revenue and Forecast, by End-User (2020-2032)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Product (2020-2032)

13.2.14.2. Market Revenue and Forecast, by Application (2020-2032)

13.2.14.3. Market Revenue and Forecast, by Technique (2020-2032)

13.2.14.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.2.15. Market Revenue and Forecast, by End-User (2020-2032)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.2. Market Revenue and Forecast, by Application (2020-2032)

13.3.3. Market Revenue and Forecast, by Technique (2020-2032)

13.3.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.3.5. Market Revenue and Forecast, by End-User (2020-2032)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.6.2. Market Revenue and Forecast, by Application (2020-2032)

13.3.6.3. Market Revenue and Forecast, by Technique (2020-2032)

13.3.6.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.3.7. Market Revenue and Forecast, by End-User (2020-2032)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.8.2. Market Revenue and Forecast, by Application (2020-2032)

13.3.8.3. Market Revenue and Forecast, by Technique (2020-2032)

13.3.8.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.3.9. Market Revenue and Forecast, by End-User (2020-2032)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.10.2. Market Revenue and Forecast, by Application (2020-2032)

13.3.10.3. Market Revenue and Forecast, by Technique (2020-2032)

13.3.10.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.3.10.5. Market Revenue and Forecast, by End-User (2020-2032)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Product (2020-2032)

13.3.11.2. Market Revenue and Forecast, by Application (2020-2032)

13.3.11.3. Market Revenue and Forecast, by Technique (2020-2032)

13.3.11.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.3.11.5. Market Revenue and Forecast, by End-User (2020-2032)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.2. Market Revenue and Forecast, by Application (2020-2032)

13.4.3. Market Revenue and Forecast, by Technique (2020-2032)

13.4.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.4.5. Market Revenue and Forecast, by End-User (2020-2032)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.6.2. Market Revenue and Forecast, by Application (2020-2032)

13.4.6.3. Market Revenue and Forecast, by Technique (2020-2032)

13.4.6.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.4.7. Market Revenue and Forecast, by End-User (2020-2032)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.8.2. Market Revenue and Forecast, by Application (2020-2032)

13.4.8.3. Market Revenue and Forecast, by Technique (2020-2032)

13.4.8.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.4.9. Market Revenue and Forecast, by End-User (2020-2032)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.10.2. Market Revenue and Forecast, by Application (2020-2032)

13.4.10.3. Market Revenue and Forecast, by Technique (2020-2032)

13.4.10.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.4.10.5. Market Revenue and Forecast, by End-User (2020-2032)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Product (2020-2032)

13.4.11.2. Market Revenue and Forecast, by Application (2020-2032)

13.4.11.3. Market Revenue and Forecast, by Technique (2020-2032)

13.4.11.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.4.11.5. Market Revenue and Forecast, by End-User (2020-2032)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Product (2020-2032)

13.5.2. Market Revenue and Forecast, by Application (2020-2032)

13.5.3. Market Revenue and Forecast, by Technique (2020-2032)

13.5.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.5.5. Market Revenue and Forecast, by End-User (2020-2032)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Product (2020-2032)

13.5.6.2. Market Revenue and Forecast, by Application (2020-2032)

13.5.6.3. Market Revenue and Forecast, by Technique (2020-2032)

13.5.6.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.5.7. Market Revenue and Forecast, by End-User (2020-2032)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Product (2020-2032)

13.5.8.2. Market Revenue and Forecast, by Application (2020-2032)

13.5.8.3. Market Revenue and Forecast, by Technique (2020-2032)

13.5.8.4. Market Revenue and Forecast, by Test Type (2020-2032)

13.5.8.5. Market Revenue and Forecast, by End-User (2020-2032)

Chapter 14. Company Profiles

14.1. Abbott Laboratories

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Thermo Fisher Scientific, Inc.

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. F. Hoffmann-La Roche AG

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. F. Hoffmann-La Roche AG

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Bio-Rad Laboratories, Inc

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. bioMérieux SA

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Quidel Corporation

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Hologic, Inc.

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. PerkinElmer, Inc.

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Merck KGaA

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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