The global sales of Lateral Flow Assay in 2021 was held at US$ 7.2 Bn. With 4.7%, the projected market growth during 2022 – 2032 is expected to be significantly higher than the historical growth. Benchtop Readers is expected to be the highest revenue generating product, while Clinical Testing is considered to be the highest revenue generating application with a CAGR of 4.6% and 5% respectively during 2022 – 2032.
The detailed research report on the global (Lateral Flow Assays Market) market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.
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Key players
- 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
- Becton, Dickinson and Company
- Siemens Healthineers
- Danaher Corporation
- Qiagen N.V
Key Lateral Flow Assays Market Survey Highlights and Projections
- MR analysis provides Lateral Flow Assays Market demand-supply assessment, revealing Lateral Flow Assays Market sales to grow from 2022 to 2032
- The report provides sales outlook on Lateral Flow Assays Market, opining Lateral Flow Assays Market revenues to register a High CAGR during 2022-2032
- Sales Channel will remain the largest category on the basis of retail, holding market share
- Lateral Flow Assays Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Lateral Flow Assays Market demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
- Japan and South Korea Lateral Flow Assays Market demand likely to grow at a steady clip during 2022-2032
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Market Segments Covered in Lateral Flow Assay Industry Analysis
- By Product Type
- Lateral Flow Readers
- Digital/Mobile Readers
- Benchtop Readers
- Kits & Reagents
- By Application
- Drug Development & Quality Testing
- Clinical Testing
- Veterinary Diagnostics
- Food safety & Environment Testing
- By Technique
- Sandwich Assays
- Competitive Assays
- Multiplex Detection Assays
- By Region
- North America
- Latin America
- Europe
- APAC
- MEA
Report Benefits & Key Questions Answered
- Lateral Flow Assays Market Company & brand share analysis: Company and brand share analysis on Lateral Flow Assays Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Lateral Flow Assays Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Lateral Flow Assays Market
- Lateral Flow Assays Market Category & segment level analysis: Fact.MR’s Lateral Flow Assays Market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Lateral Flow Assays Market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Lateral Flow Assays Market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
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What insights does the Lateral Flow Assays Market report provide to the readers?
- Lateral Flow Assays Market fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Lateral Flow Assays Market
- Various regulations imposed by the governments on the consumption of Lateral Flow Assays Market in detail.
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