Lateral Flow Assays Market is poised to value over USD 12.5 billion during the forecast period 2022 to 2028.

Lateral flow assays are immunochromatographic procedures that can detect the presence or absence of target analytes in humans or animals, such as infections or biomarkers. Lateral flow assays are cellulose-based devices that detect the presence of a target component in a liquid sample without the use of costly or specialised equipment. They do not necessitate high-tech or expensive equipment, although there are a variety of lab-based applications that are supported by the reading equipment. In human health, lateral flow tests are routinely performed. They are used in medical diagnostics for at-home, point-of-care, and laboratory testing. Home pregnancy tests are the most extensively used and well-known application of lateral flow assays. Lateral flow assay kits, on the other hand, are used to detect diseases in animals as well as contamination in water, animal feeds, and other sources. A sample pad, conjugate or reagent pad, reaction membrane, and wick or waste reservoir make up a lateral flow test strip. Sandwich assays and competitive assays are two forms of lateral flow tests. A positive sandwich assay is shown by the presence of a coloured line at the test line position. A competitive assay is characterised by the lack of a coloured line at the test line point, indicating a positive result. One or more test lines can be included in both sandwich and competitive assays. There are two types of lateral flow assays: readers and lateral flow assay kits. The kits provide a qualitative analysis that reveals the presence or absence of disease, whereas the readers quantify the data. Benchtop and handheld lateral flow assay readers are available. These devices are low-cost, compact, low-power, and battery-operated gadgets that require few peripherals but provide patients and lab staff with a lot of versatility. A dipstick, lancets, a cassette, and test strips are included in lateral flow assay kits for pathogen detection. The sample is placed on a test equipment, and the conjugate formation results are visible as a change in color.

A lateral flow assay (LFA) enables the detection and quantification of analytes in complex mixtures by placing the sample on a test device and displaying the results within a short period of time. Despite its low development costs and ease of production, LFAs have been widely applied in a wide range of areas that require rapid testing. In hospitals, physician's offices, and clinical laboratories, LFA-based tests are widely used to detect specific antigens and antibodies, as well as products of gene amplification. Various biological samples can be tested using LFAs, including urine, saliva, sweat, serum, plasma, and whole blood. 

FutureWise Market Research has instantiated a report that provides an intricate analysis of Lateral Flow Assays Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share, and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Lateral Flow Assays Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

Major players included in the Lateral Flow Assays Market:
• Abbott Laboratories
• F. Hoffman-La Roche Ltd.
• Danaher Corporation
• Siemens AG
• Becton, Dickinson and Company
• bioMérieux SA
• Bio-Rad Laboratories
• Thermo Fisher Scientific, Inc.
• PerkinElmer Inc.
• Hologic Inc.
• Qiagen N.V.
• Quidel Corporation
• Merck KGaA
• Abcam plc
• Surmodics IVD
• Chembio Diagnostic Systems, Inc.
• OraSure Technologies
• DCN Diagnostics
• Polysciences, Inc.
• Abingdon Health
• BioPorto Diagnostics A/S
• Microcoat Biotechnologie GmbH
• Scienion AG
• Senova GmbH
• Access Bio, Inc.
(Note: The list of the major players will be updated with the latest market scenario and trends)

Lateral Flow Assays Market Segmentation:
By Product
• Kits & Reagents
• Lateral Flow Readers
  o Digital/Handheld Readers
  o Benchtop Readers
  o Mobile/Smartphone Readers

By Application
• Clinical Testing
  o Infectious Disease Testing
     • Mosquito-borne Diseases
     • Covid-19
     • Influenza
     • Sexually Transmitted Infections
        o HIV
        o HPV
        o Chlamydia
        o Gonorrhea
        o Syphilis
        o Other Sexually Transmitted Infections
     • Hepatitis
     • Tuberculosis
     • Other Infectious Diseases
  o Cardiac Marker Testing
     • Troponin I and T Testing
     • CK-MB Testing
     • BNP or NT-proBNP Testing
     • Myoglobin Testing
     • D-Dimer Testing
     • Other Cardiac Markers
  o Pregnancy & Fertility Testing
     • Pregnancy Testing
     • Fertility Testing
  o Cholesterol Testing/Lipid Profiles
  o Drugs-of-Abuse Testing
• Veterinary Diagnostics
• Food Safety & Environment Testing
• Drug Development & Quality Testing

By Technique
• Sandwich Assays
• Competitive Assays
• Multiplex Detection Assays 

By Sample Type
• Blood Samples
• Urine Samples
• Saliva Samples
• Other Samples 

By End User
• Hospitals & Clinics
• Diagnostic Laboratories
• Home Care Settings
• Pharmaceutical & Biotechnology Companies
• Other End Users 

By Region
• North America
• Asia-Pacific
• Latin America
• Middle East and Africa

Lateral Flow Assays Market Sample Video:

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the Lateral Flow Assays Market By Product, By Application, By Technique, By Sample Type, By End User and By Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

Flexible Delivery Model:
• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization Mobility Care offered are free of charge with purchase of any license of the report
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com


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