Global Lateral Flow Assay Components Market 2024-2028
The lateral flow assay components market is forecasted to grow by USD 95.5 mn during 2023-2028, accelerating at a CAGR of 5.07% during the forecast period. The report on the lateral flow assay components market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising efforts in research and development, technological advancement, and growing usage of home-based lateral flow assay devices.
Technavio's lateral flow assay components market is segmented as below:
By Technique
- Sandwich assays
- Competitive assays
- Multiplex detection assays
By End-user
- Medical device manufacturing companies
- Medical device contract manufacturing companies
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the growing demand for point-of-care (poc) testing as one of the prime reasons driving the lateral flow assay components market growth during the next few years. Also, evolving application of lateral flow assays and increasing public and private investment to develop lateral flow assays will lead to sizable demand in the market.
The report on the lateral flow assay components market covers the following areas:
- Lateral flow assay components market sizing
- Lateral flow assay components market forecast
- Lateral flow assay components market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lateral flow assay components market vendors that include Abbott Laboratories, Ahlstrom Holding 3 Oy, AXIVA SICHEM Pvt. Ltd., Becton Dickinson and Co., Bio Rad Laboratories Inc., Bio Techne Corp., Cytodiagnostics Inc., DxDiscovery Inc., F. Hoffmann La Roche Ltd., Geno Technology Inc., Hologic Inc., Merck KGaA, Nupore Filtration System, Perkin Elmer Inc., Porex Corp., QIAGEN NV, Quidelortho Corp., Sartorius AG, Siemens AG, and Thermo Fisher Scientific Inc.. Also, the lateral flow assay components market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.