lateral flow assay market
The worldwide market for Lateral Flow Assay Market is expected to grow at a CAGR of roughly xx over the next nine years and will reach US XXX Mn in 2028 from US XXX Mn in 2018 according to a new Marketus Prudour Research study. The global lateral flow assays market size was valued at USD 72 billion in 2020 and is expected to expand at a compound annual growth rate CAGR of 40 from 2021 to 2028.
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Increasing public awareness pertaining to point of care testing POCT and the.
. The market for hospitals and clinics is expected to be the largest shareholder of the market from 2021 to 2026. By product it is bifurcated into lateral flow readers and kits. By technique the market is classified into competitive assay sandwich assay and multiplex detection assay.
The large share of this segment can be attributed to the increasing application of lateral flow kits reagents for POC testing during the forecast period. Based on applications the lateral flow assay components market is segmented into clinical testing veterinary diagnostics food safety environmental testing and drug development quality. Amid the COVID-19 crisis the global market for Lateral Flow Assays estimated at US78 Billion in the year 2020 is projected to reach a revised size of US112 Billion by 2026 growing at a CAGR.
The Lateral Flow Assay Market is segmented by Application Clinical Testing Drug Abuse Testing and Other Applications Technique Sandwich Assay Competitive Assay and Multiplex Assay Product Lateral Flow Readers and Kits and Reagents End User Home Care Hospitals and Clinics and Other End Users and Geography North America Europe Asia-Pacific Middle-East. Lateral Flow Assays LFAs have been developed over half a century ago facilitating diagnosis across several applications such as healthcare environmental testing and food and beverage. By technique the market is classified into competitive assay sandwich assay and multiplex detection assay.
The global lateral flow assay market is segmented on the basis of type application and geography. Based on the end-users the market is segmented into hospitals and clinics home care diagnostic laboratories biotechnology and pharmaceutical companies and others. Lateral flow assays industry is witnessing robust growth owing to advancement in technologies coupled with growing demand for various disease diagnosis.
Looking forward IMARC Group expects the market to grow at a CAGR of XX during 2022-2027. Lateral Flow Assays Market Segmentation The lateral flow assay market is segmented on the basis of product technique application end user and region. Lateral Flow Assay Market.
Favorable impression inside vital technological and market latest trends striking the Lateral Flow Assay LFA Components Market. The global lateral flow assays market is analyzed across technique product application end user and region. The global lateral flow assay market reached a value of US XX Billion in 2021.
According to Verified Market Research the Global Lateral Flow Assay Market size was valued at USD 82 Billion in 2020 and is projected to reach USD 117 Billion by 2028 growing at a CAGR of 46. Lateral flow tests are commonly used in human health. Lateral Flow Assay Market is projected to witness growth over the forecast period owing to increasing application in medical diagnostics high prevalence of infectious disease increasing demand for point-of-care testing and high adoption of home-based Lateral Flow Assay tests.
Lateral Flow Assays Market size accounted for more than USD 79 billion in 2021 and is estimated to grow at 57 between 2022 and 2028 owing to an increasing prevalence of infectious diseases such as tuberculosis STDs influenza and others coupled with technological advancements. Lateral flow assay is used to confirm the presence or absence of a target analyte such as pathogens or biomarkers in humans or animals. The lateral flow assay market is segmented on the basis of product technique application end user and region.
By product it is bifurcated into lateral flow readers and kits reagents. Based on end users the lateral flow assay components market is segmented into medical device manufacturing companies and medical device contract manufacturing companies. Lateral Flow Assays Market size is set to exceed USD 121 billion by 2028 according to a new research report by Global Market Insights Inc.
The huge assortment of tables graphs diagrams and charts obtained in this market research report generates a strong niche for an in-depth analysis of the ongoing trends in the Lateral Flow Assay LFA Components. Based on technique the sandwich assay segment accounted for the major share in 2020. Medical device manufacturing companies accounted for the largest market share of 693 of the lateral flow assay components market in 2021.
Lateral Flow Assay Market - Global Industry Analysis Size Share Growth Trends and Forecast 2017 - 2025. The lateral flow assays market is segmented into kits reagents and lateral flow readers. Keeping in mind the uncertainties of COVID-19 we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic.
In 2020 kits reagents accounted for the larger share of the global lateral flow assays market. Factors driving lateral flow assays market growth in APAC include the ageing population rising life expectancy rising per capita income increasing investments in the region by key market players the expansion of private-sector hospitals and clinics to rural areas the availability of low-cost labour for manufacturing the presence of a favourable regulatory environment and. The Lateral Flow Assays LFA Market is expected to grow at a CAGR of 88 from 2020 to 2027 to reach 1385 billion by 2027 Lateral flow assays are devices used to confirm the presence or absence of a target analyte without the need for lab equipment.
Lateral flow immunoassay is also known as. These devices are widely used in hospitals and clinical laborat.
Lateral Flow Assay Market Size Trends Shares Insights Forecast Coherent Market Insights Marketing Trends Opportunity Analysis Insight
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