A Lateral Flow Assay Market Size, Share, Trends, Industry Analysis Report: By Product (Kits & Reagents and Lateral Flow Readers)

The global lateral flow assay market size is expected to reach USD 17.23 billion by 2034, according to a new study by Polaris Market Research. The report “Lateral Flow Assay Market Size, Share, Trends, Industry Analysis Report: By Product (Kits & Reagents and Lateral Flow Readers), Application, Test Type, Technique, End-Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A lateral flow assay (LFA) is a simple and rapid diagnostic test used to detect the presence of specific substances, such as pathogens, proteins, or other biomolecules, in a sample. It works based on the principles of immunochromatography, where a liquid sample (such as blood, urine, or saliva) is applied to a test strip. The sample then flows along the strip, passing through areas that contain immobilized reagents, such as antibodies or antigens. When the target substance is present, it binds to these reagents, producing a visible signal, such as a colored line, indicating the presence or absence of the substance being tested for.

The lateral flow assay market is experiencing significant growth driven by increasing demand for rapid, cost-effective diagnostic solutions across healthcare, veterinary, food safety, and environmental testing sectors. Key drivers include the rising prevalence of infectious diseases, the shift toward point-of-care diagnostics, and the rise of home-based testing.

Opportunities lie in the expanding applications of lateral flow assays for chronic disease monitoring, personalized healthcare, and multiplex testing. Lateral flow assay market trends include advancements in assay sensitivity, integration with digital platforms for result interpretation, and the development of more sophisticated materials and reagents. As global healthcare needs evolve, the market is poised for continued expansion, particularly in emerging regions where affordable diagnostic tools are in high demand.

Lateral Flow Assay Market Report Highlights

By product, the kits & reagents segment holds the largest market share, driven by widespread use in diagnostics across various sectors. The lateral flow readers segment is experiencing the fastest growth, fueled by advancements in digital integration and the demand for more accurate and quantitative results.

In terms of application, the clinical testing segment dominates the market due to the high demand for rapid diagnostic solutions in healthcare. The food safety & environment testing is registering the fastest growth, driven by increasing regulatory requirements and a rising need for on-site testing.

Based on test type, the lateral flow immunoassay segment holds the largest market share due to its broad application in diagnostics, such as infectious disease and pregnancy testing. The nucleic acid lateral flow assay segment is witnessing the fastest growth, fueled by the increasing need for molecular diagnostics and precise pathogen detection.

Hospitals & clinics is the largest end-use segment, owing to the high volume of tests performed in these settings. The home care segment is growing the fastest, driven by the increasing consumer preference for self-testing and home-based diagnostics.

North America dominates the market due to its advanced healthcare infrastructure and high adoption of point-of-care diagnostics. Asia Pacific is the fastest-growing region, driven by the rising prevalence of diseases, expanding healthcare access, and increasing demand for affordable diagnostic solutions.

Key players in the lateral flow assay market include Abbott Laboratories; F. Hoffmann-La Roche Ltd; Danaher Corporation; Becton, Dickinson and Company; Thermo Fisher Scientific Inc.; Siemens Healthineers AG; bioMérieux SA; PerkinElmer, Inc.; Qiagen N.V.; Bio-Rad Laboratories, Inc.; Chembio Diagnostics, Inc.; Meridian Bioscience, Inc.; OraSure Technologies, Inc.; Abcam plc; and Hologic, Inc.

Polaris Market Research has segmented the lateral flow assay market report on the basis of product, application, test type, technique, end-use, and region:

By Product Outlook (Revenue – USD Billion, 2020–2034)

Kits & Reagents

Lateral Flow Readers

By Application Outlook (Revenue – USD Billion, 2020–2034)

Clinical Testing

Veterinary Diagnostics

Food Safety & Environment Testing

Drug Development & Quality Testing

By Test Type Outlook (Revenue – USD Billion, 2020–2034)

Lateral Flow Immunoassay

Nucleic Acid Lateral Flow Assay

By Technique Outlook (Revenue – USD Billion, 2020–2034)

Sandwich Technique

Competitive Technique

Multiplex Detection

By End-Use Outlook (Revenue – USD Billion, 2020–2034)

Hospitals & Clinics

Diagnostic Laboratories

Home Care

Pharmaceutical & Biotechnology Companies

Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

North America

• US
• Canada

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe

• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Vietnam
• Rest of Asia Pacific

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa

• Mexico
• Brazil
• Argentina
• Rest of Latin America