Lateral Flow Assay Market Size and Share: Current Trends & Industry Insights
Market Size
The global lateral flow assays market is projected to reach USD 16.8 billion by 2029 from USD 10.8 billion in 2023.
The Lateral Flow Assay (LFA) market is experiencing significant growth, driven by the increasing demand for point-of-care diagnostics and the rising prevalence of infectious diseases. Lateral flow assays are widely used in various applications, including...
Abbott Laboratories (U.S.), F. Hoffmann-La Roche AG (Germany) are the leading players in Lateral Flow Assay Market
The global lateral flow assay market is projected to reach USD 8.7 billion by 2023 from USD 6.0 billion in 2018, at a CAGR of 7.7%. The high prevalence of infectious diseases worldwide, rapidly growing geriatric population, growing demand for point-of-care testing, and rising use of home-based lateral flow assay devices are the significant growth drivers of the lateral flow assays market. Moreover,...
Lateral Flow Assay Market Size, Share, Outlook, Industry Analysis Report 2018
The global lateral flow assay market is projected to reach USD 8.7 billion by 2023 from USD 6.0 billion in 2018, at a CAGR of 7.7%.
Factors such as the high prevalence of infectious diseases worldwide, rapidly growing geriatric population, growing demand for point-of-care testing, and rising use of home-based lateral flow assay devices are expected to drive growth in the lateral flow assay market in...
Lateral Flow Assay Market by Application, Product & End User – 2023
The lateral flow assay market is expected to reach USD 8.7 billion by 2023 from an estimated USD 6.0 billion in 2018, at a CAGR of 7.7%.
The study involved four major activities to estimate the current market size for lateral flow assay products. Exhaustive secondary research was done to collect information on market, peer market and parent market. The next step was to validate these findings, assumptions,...