Global Lateral Flow Readers Market Growth 2023-2029

Global Lateral Flow Readers Market Growth 2023-2029

Lateral Flow Reader is a universal mobile analysis device for the qualitative and quantitative analysis of lateral flow assays, immunological rapid tests for diagnostics, especially for point-of-care diagnostics. The tests can originate in multiple fields of application, such as cancer and heart disease diagnostics or drug screening.
LPI (LP Information)' newest research report, the “Lateral Flow Readers Industry Forecast” looks at past sales and reviews total world Lateral Flow Readers sales in 2022, providing a comprehensive analysis by region and market sector of projected Lateral Flow Readers sales for 2023 through 2029. With Lateral Flow Readers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lateral Flow Readers industry.
This Insight Report provides a comprehensive analysis of the global Lateral Flow Readers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lateral Flow Readers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lateral Flow Readers market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lateral Flow Readers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lateral Flow Readers.
The global Lateral Flow Readers market size is projected to grow from US$ 583.3 million in 2022 to US$ 702.8 million in 2029; it is expected to grow at a CAGR of 702.8 from 2023 to 2029.
The Lateral Flow Readers industry concentration is not high; there are more than one hundreds manufacturers in the world, and high-end products mainly from U.S. and Western European. Global giant manufacturers mainly distributed in U.S. and E.U. The manufacturers in U.S. have a long history and unshakable status in this field. Manufacturers such as Alere (Abbott) and BD Company have relative higher level of product’s quality. As to Germany, QIAGEN has become as a global leader. In Norway, Skannex leads the technology development. China only has a few small and young producers. The top 5 manufactures are Alere (Abbott), QIAGEN, LRE Medical (Esterline), BD Company and Skannex, with about 46% market shares. The key consumption markets locate at developed countries. North America takes the market share of 36%, followed by Europe with 31%.
This report presents a comprehensive overview, market shares, and growth opportunities of Lateral Flow Readers market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Handheld Readers
Benchtop Readers
Segmentation by application
Clinical (POC)
Veterinary
Food and Beverage
Pharma/Biologics
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Alere (Abbott)
QIAGEN
LRE Medical (Esterline)
BD Company
Skannex
Axxin
Detekt
Trinity Biotech
OpTricon
Quidel Corporation
Abingdon
Fio Corporation
Magnasense
Cellmic
VICAM
Key Questions Addressed in this Report
What is the 10-year outlook for the global Lateral Flow Readers market?
What factors are driving Lateral Flow Readers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Lateral Flow Readers market opportunities vary by end market size?
How does Lateral Flow Readers break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.