Lateral Flow Assay Market is Driven by Increasing Occurrences of Infectious Diseases

Lateral Flow Assay Market is forecasted to grow at 6.79% for 2020-2027 with factors such as lack of consumer preferences and high imposition of excise duty on medical devices will hamper the growth of the market in emerging economies.

Lateral flow assay market has shown an exceptional penetration in developed economies in North America. Prevalence of improved healthcare infrastructure and increasing occurrences of chronic diseases will uplift the market growth.

Lateral Flow Assay Market Scenario

According to Data Bridge Market Research the lateral flow assay market is witnessing a significant growth in developing economies during the forecast period of 2020-2027 due to factors such as growing number of geriatric population, increasing occurrences of chronic disorders, surging usage of home based medical devices and rising demand of point of care testing equipment’s will boost the market growth.

Now the question is which are the other regions that lateral flow assay market is targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific lateral flow assay market and the market leaders targeting China, India and Japan to be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the lateral flow assay market.

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New Lateral Flow Assay Market Development

  • In April 2018, Beckman Coulter, Inc. announced the launch of 6-acetylmorphine and buprenorphine assays in their product portfolio that will help in quick and convenient way to test heroin use and designed for usage in laboratories for qualitative analysis of buprenorphine in human urine.  

Scope of the Lateral Flow Assay Market

Lateral flow assay market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the lateral flow assay market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the market is segmented into kits & reagents and lateral flow readers. Based on technique, the market is segmented into sandwich assays, competitive assays and multiplex detection assays. Based on end-user, the market is segmented into hospitals & clinics, home care, pharmaceutical & biotechnology companies, diagnostic laboratories and others. Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, supermarket/hypermarket and e-commerce. The applications covered for the report are clinical/POC testing, veterinary diagnostics, food safety & environment testing, drug development & quality testing.
  • Lateral flow assay is a type of diagnostic test which is used to detect the presence of target analyte in liquid sample and involving antibodies and DNA biochemical interactions with no usage of any specialized and          costly equipment. This type of test is also performed by less trained individuals.

To know more about the study

Key Pointers Covered in the Lateral Flow Assay Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • F. Hoffmann-La Roche Ltd
  • Siemens Healthcare GmbH
  • BD
  • bioMérieux SA
  • Bio-Rad Laboratories, Inc.
  • Thermo Fisher Scientific Inc.
  • PerkinElmer Inc.
  • Abbott
  • Hologic, Inc.
  • Quidel Corporation
  • Trinity Biotech Ireland
  • Lumos Diagnostics
  • Merck KGaA
  • Cytodiagnostics Inc.

Above are the key players covered in the report, to know about more and exhaustive list of Lateral Flow Assay companies contact us

Research Methodology: Global Lateral Flow Assay Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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