The Lateral Flow Assays Industry sales study offers a comprehensive analysis on diverse features including production capacities, Lateral Flow Assays demand, product developments, sales revenue generation and Lateral Flow Assays market outlook across the globe.
170 page market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Lateral Flow Assays market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments
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.
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The readability score of the Lateral Flow Assays market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Lateral Flow Assays market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Lateral Flow Assays along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Extended Lateral Flow Assays market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.
Key Companies Profiled
- 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
Questionnaire answered in the market outlook report of Lateral Flow Assays include:
- What is the key strategy deployed by large players to maximize Lateral Flow Assays market growth?
- What are the main challenges faced by players in the Lateral Flow Assays market demand?
- With the advent of technological advancement, how will the Lateral Flow Assays market landscape change over the forecast period?
- What does player bring to the table, which is unique as a strategy, and is easy to emulate for new investors in the Lateral Flow Assays market size?
How will be insights and market estimations provided in the Fact.MR report on the demand of Lateral Flow Assays make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Lateral Flow Assays market
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
Competitive Landscape
Product approvals, new product releases, acquisitions, collaborations, and innovations are all important methods used by leading market players to maintain their market position.
According to the market research analysis, partnerships and expansion have been the prominent development in Lateral Flow Assay market in recent year. 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. are the prominent providers of Lateral Flow Assay services.
The leading players in the Lateral Flow Assay market have been implementing various tactics to increase growth potential over the next years. Furthermore, the presence of many rising and well-established firms has defined the market for Lateral Flow Assay. Well-known market players are pursuing a variety of tactics, including acquisitions, mergers, and new product releases. Some of the recent developments of key Lateral Flow Assay providers are as follows:
- In October 2021, Bio-Plex Pro human immunoglobulin A (IgA) and immunoglobulin M (IgM) SARS-CoV-2 antigen panels were launched by Bio-Rad Laboratories, a life science research and clinical diagnostic products firm, to detect IgA and IgM antibodies against four SARS-CoV-2 antigens.
- In September 2021, The FDA granted ANP Technologies Inc. authorization to use its NIDS COVID-19 Antigen Rapid Test Kit as a treatment for the act of NANs in children as well as adults with suspected COVID-19. Following analyses in the United States, this test utilizes a technology by ANP.
- In October 2020, Siemens Healthineers launched a rapid antigen test for the detection of SARS-CoV-2.
- In September 2020, Roche announced the launch of the SARS-CoV-2 fast antigen test for markets that accept the CE Mark. Roche also plans to apply to the US Food and Drug Administration for an Emergency Use Authorization (EUA) (FDA).
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
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