Lateral Flow Assay Market Size Worth US$ 10.1 Billion | 7.5% CAGR By 2027 | Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Siemens Healthineers

LATERAL FLOW ASSAY MARKET ANALYSIS

The Global Lateral Flow Assay Market was valued US$ 5.68 billion in 2017, and is projected to exhibit a CAGR of 7.5% over the forecast period (2017 - 2025).

The global lateral flow assay market is expected to grow during the forecast period due to the growing requirements for the early diagnosis of infectious diseases and rising demands for point-of-care testing. Ongoing research and development in the field of lateral flow assay technologies enable the introduction of a better and cheaper product in the clinical diagnosis field. Based on lateral flow assay technology, the University of Wisconsin–Madison researchers have developed cheap and efficient tuberculosis (TB) diagnostic assays in February 2018. The existing TB diagnosis assays demand time-consuming DNA collection and analysis from sputum samples. This innovative lateral flow assay technique, on the other hand, utilizes lipoarabinomannan (LAM) protein from the urine samples as a biomarker to identify tuberculosis in a short period.

Furthermore, SYGNIS AG launched its Universal Lateral Flow Assay (LFA) kit in October 2017, it is marketed under the name of Innova Biosciences brand. This new product serves as a tool for developing personalized sandwich lateral flow assays quickly and easily, offering physicians quick access to point-of-care testing for early disease detection. Neogen Corp. launched a single-step lateral flow immunochromatographic assay in April 2017. The assay recognizes raw pork and could be used in the food processing industry to filter raw and processed raw meat. This test is a simple and quick way to see whether the pig has been accidentally or intentionally inserted into other raw processed meats. Furthermore, manufacturers are concentrating their efforts on creating a new lateral flow assay system for point-of-care testing that will provide quick, simple, and accurate results at a reduced price.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐚𝐧𝐝 𝐆𝐞𝐭 𝐅𝐥𝐚𝐭 𝟑𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.coherentmarketinsights.com/insight/buy-now/1147

• The global lateral flow assay market is expected to grow at a CAGR of 7.5 % from 2017 to 2025, owing to the rising infectious disease incidence and the increasing requirement for point-of-care testing from a highly profitable market, particularly in the Middle East, Latin America, Africa, and the Asia Pacific.

• Due to their inevitability in the lateral flow assay procedure, the kits and reagents segment hold a large market share in the product segment.

• Due to better proficiency and sensitivity in the detection of antigens when compared to indirectly or directly assay techniques, the sandwich assay segment has the highest market share among techniques.

• Due to the rising implementation of lateral flow assays for infectious disease detection, the clinical testing segment accounted for the largest share of market share among application segments. In 2015, the World Health Organization (WHO) released recommendations and guidelines for using the lateral flow urine lipoarabinomannan assay for diagnostics and screening of active TB in HIV-positive patients.

• Diagnostic laboratories segment holds the major market share among end-users, due to a variety of applications of point-of-care, significant cost benefits, and the potential to provide qualitative results within a short period.

• Some of the key players contributing in the global lateral flow assay market are 𝗧𝗲𝘁𝗿𝗮𝗰𝗼𝗿𝗲, 𝗜𝗻𝗰., 𝗛𝘂𝗺𝗮𝘀𝗶𝘀 𝗖𝗼. 𝗟𝘁𝗱, 𝗕𝗲𝗰𝘁𝗼𝗻 𝗗𝗶𝗰𝗸𝗶𝗻𝘀𝗼𝗻 𝗮𝗻𝗱 𝗖𝗼., 𝗦𝗶𝗲𝗺𝗲𝗻𝘀 𝗛𝗲𝗮𝗹𝘁𝗵𝗶𝗻𝗲𝗲𝗿𝘀, 𝗜𝗻𝗰., 𝗕𝗶𝗼-𝗥𝗮𝗱 𝗟𝗮𝗯𝗼𝗿𝗮𝘁𝗼𝗿𝗶𝗲𝘀 𝗜𝗻𝗰., 𝗙. 𝗛𝗼𝗳𝗳𝗺𝗮𝗻𝗻-𝗟𝗮 𝗥𝗼𝗰𝗵𝗲 𝗔𝗚., 𝗧𝗵𝗲𝗿𝗺𝗼 𝗙𝗶𝘀𝗵𝗲𝗿 𝗦𝗰𝗶𝗲𝗻𝘁𝗶𝗳𝗶𝗰 𝗜𝗻𝗰., 𝗗𝗶𝗮𝗴𝗻𝗼𝘀𝘁𝗶𝗰 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 𝗜𝗻𝗰., 𝗮𝗻𝗱 𝗤𝗶𝗮𝗴𝗲𝗻 𝗡𝗩

𝐓𝐨 𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐇𝐞𝐫𝐞 @ https://www.coherentmarketinsights.com/insight/request-pdf/1147

Detailed Segmentation:

𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐚𝐭𝐞𝐫𝐚𝐥 𝐅𝐥𝐨𝐰 𝐀𝐬𝐬𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:

• Kits and Reagents
• Lateral Flow Readers

𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐚𝐭𝐞𝐫𝐚𝐥 𝐅𝐥𝐨𝐰 𝐀𝐬𝐬𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞:

• Competitive Assay
• Multiplex Detection Assay
• Sandwich Assay

𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐚𝐭𝐞𝐫𝐚𝐥 𝐅𝐥𝐨𝐰 𝐀𝐬𝐬𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

• Veterinary Diagnostics
• Drug Development and Quality Testing
• Clinical Testing
• Food Safety and Environmental Testing

𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐚𝐭𝐞𝐫𝐚𝐥 𝐅𝐥𝐨𝐰 𝐀𝐬𝐬𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:

• Hospitals
• Diagnostic Laboratories
• Pharmaceutical and Biotechnology Companies
• Home Care Settings

𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐚𝐭𝐞𝐫𝐚𝐥 𝐅𝐥𝐨𝐰 𝐀𝐬𝐬𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐚𝐧𝐝 𝐆𝐞𝐭 𝐅𝐥𝐚𝐭 𝟑𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.coherentmarketinsights.com/insight/buy-now/1147

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