Lateral Flow Assay Market: By Product Type (Lateral Flow Assay Readers, Kits & Reagents, Benchtop Reagents) Technique (Sandwich Assay, Competitive Assay, Multiplex Detection Assay) By Application (Clinical Diagnostics with sub segments) & Geography - Forecast(2018 - 2023)

Report Code : HCR 0137 Format Type: PDF+ Excel Database

Lateral flow immuno-chromatographic assays commonly known as lateral flow assays, are devices used in laboratories to detect the presence and/or absence of an analyte in a given sample. This is a cheaper alternative to other diagnostic techniques and is associated with use in laboratories, point of care set ups and home healthcare. One of the common applications is in the home pregnancy detection kit. Other similar home testing applications are expected to drive the growth of this market. Apart from this, the increase in occurences of infectious diseases is about bound to augment the opportunities for the lateral flow assay market. The need to adhere to complex norms and regulations can potentially impact the market.
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The Lateral Flow Assay market can be segmented on the basis of type of products as:
  • Lateral Flow Assay Readers
  • Kits and Reagents 
  • Others

The lateral flow assay readers are further segmented as:
  • Digital 
  • Mobile Readers 
  • Benchtop Readers 

The market has also been segmented on the basis of assay techniques:
  • Sandwich Assays
  • Competititve Assays 
  • Multiplex Detection Assays

In terms of applications, the Lateral Flow Assay market has been segmented across the following:
  • Clinical Diagnostics
  • Drug Development
  • Quality Testing 
  • Others

The clinical diagnostics application is further segmented into the following:
  • Cardiac Marker Testing
  • Pregnancy and Fertility Testing
  • Infectious Disease Testing
  • Cholesterol and Lipid Testing
  • Drug Abuse Testing and 
  • Others

North America currently accounts for the largest share of the global lateral flow assay market and this trend is expected to continue till the end of the forecast period. A large number of lateral flow assay manufacturers are spread across North America and Europe. North America and Europe are relatively mature markets for lateral flow assays and will have lower growth rates compared to emerging economies in Asia Pacific and South America. Favorable conditions in these regions such as heightened awareness and demand of healthcare and growth in the healthcare infrastructure market are driving the growth of this market in these regions.

An increase in the per capita income and an increase in investments is also fueling the market has been segmented based on the following geographies:
  • North America
  • South America
  • APAC
  • Europe
  • Middle East 
  • Africa

Following are just a few of the companies that are operating in the Lateral Flow Assay market:
  • Johnson and Johnson
  • Thermo Fisher Scientific Inc.
  • F. Hoffmann-La Roche AG
  • Alere Inc 
  • Danaher Corporation


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