Global Lateral Flow Assay Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2022-2028

Lateral Flow Assay Market Outlook - 2028

Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Lateral Flow Assay market is projected to reach US$ 8672.4 million by 2028 from an estimated US$ 5977.1 million in 2022, at a CAGR of 6.4% during 2023 and 2028.

Lateral Flow Assay

Lateral Flow Assay is a simple to use diagnostic device used to confirm the presence or absence of a target analyte, such as pathogens or biomarkers in humans or animals, or contaminants in water supplies, foodstuffs, or animal feeds.

Lateral Flow Assay Market Insights

Global Lateral Flow Assay key players include Thermo Fisher, Bio-Rad Laboratories, Becton Dickinson, Abbott, Hologic, Inc., etc. Global top five manufacturers hold a share about 45%.

USA is the largest market, with a share over 35%, followed by Europe and China, both have a share about 40 percent.

In terms of product, Sandwich Assays is the largest segment, with a share over 65%. And in terms of application, the largest application is Medicine, followed by Food Safety.

Lateral Flow Assay Market Report Scope

This report aims to provide a comprehensive presentation of the global market for Lateral Flow Assay, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Lateral Flow Assay.

The Lateral Flow Assay market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global Lateral Flow Assay market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Lateral Flow Assay companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Lateral Flow Assay Market Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue by companies for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

• Thermo Fisher
• Bio-Rad Laboratories
• Becton, Dickinson
• Abbott
• Hologic
• PerkinElmer
• Quidel Corporation
• Biomérieux
• Qiagen
• Siemens
• BUHLMANN
• IMMY

Lateral Flow Assay Market Product Type Insights

Global markets are presented by Lateral Flow Assay type, along with growth forecasts through 2028. Estimates on revenue are based on the price in the supply chain at which the Lateral Flow Assay are procured by the companies.

This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows revenue data by type, and during the historical period (2017-2022) and forecast period (2023-2028).

Lateral Flow Assay Market Segment By Type

• Sandwich Assays
• Competitive Assays

Lateral Flow Assay Market Application Insights

This report has provided the market size (revenue data) by application, during the historical period (2017-2022) and forecast period (2023-2028).

This report also outlines the market trends of each segment and consumer behaviors impacting the Lateral Flow Assay market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Lateral Flow Assay market.

Lateral Flow Assay Market Segment By Application

• Medicine
• Environment Testing
• Food Safety

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue of each region and country for the period 2017-2028.

The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2021 because of the base year, with estimates for 2022 and forecast revenue for 2028.

• North America
• United States
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Southeast Asia
• Australia
• Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Argentina
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of Middle East & Africa