Lateral flow assay market is analysed by Data Bridge Market Research, wherein we have accounted for the market to witness a potential growth rate of 6.79% in the forecasted period of 2020 to 2027, resulting in the market reaching a cap of USD 10.72 billion by the end of the forecasted period.
The report gives CAGR values along with its fluctuations for the particular time frame. The report contains through and through investigation and assessment of different market related elements that are extraordinarily crucial for better dynamic. The Lateral Flow Assay report gives exhaustive clarification of market definition, market division, serious examination and key improvements in the business. This Lateral Flow Assay statistical surveying report is outlined with the most excellent and complex tools of gathering, recording, assessing and investigating market information. Lateral Flow Assay market report includes information that can be pretty basic when it is tied in with ruling the market or making an imprint in the market as a most recent emanant.
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The major players covered in the lateral flow assay market report are F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, BD, bioM?rieux SA, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., QIAGEN, PerkinElmer Inc., Abbott, Hologic, Inc., Quidel Corporation, ABINGDON HEALTH, Trinity Biotech Ireland, Lumos Diagnostics, Merck KGaA, Cytodiagnostics Inc. among other domestic and global players.
Segmentation:-Global Lateral Flow Assay Market
(Kits & Reagents, Lateral Flow Readers),
(Sandwich Assays, Competitive Assays, Multiplex Detection Assays),
(Clinical/POC Testing, Veterinary Diagnostics, Food Safety & Environment Testing, Drug Development & Quality Testing),
(Hospitals & Clinics, Home Care, Pharmaceutical & Biotechnology Companies, Diagnostic Laboratories, Others),
(Hospital Pharmacies, Retail Pharmacies, Supermarket/Hypermarket, E-Commerce),
(U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa)
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New Lateral Flow Assay Market Development
- In April 2018, Beckman Coulter, Inc. announced the launch of 6-acetylmorphine and buprenorphine assays in their product portfolio that will help in quick and convenient way to test heroin use and designed for usage in laboratories for qualitative analysis of buprenorphine in human urine.
Global Lateral Flow Assay Market Drivers & Restraints :
High consumption rate for home-based lateral flow testing products and solutions which have been combined with the requirement of better form of point-of-care testing products, these factors are acting as the growth drivers for lateral flow assay market in the above-mentioned forecasted period of 2020 to 2027.
Surging volume of geriatric population which have resulted in a steady rise for infectious disease prevalence across the world are one of the most vital drivers for lateral flow assay market in the above-mentioned forecasted period.
Lack of preference from the consumers to shift from traditional method of diagnostic testing and adopting advanced methods, as well as the excise duty implementation of a significant volume on the trading of medical devices are expected to restrain the market growth in the above-mentioned forecasted period of 2020 to 2027.
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Industry Type
- North America
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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Benefits of the report for Lateral Flow Assay market
- What are the challenges being faced by the new entrants
- Drivers and restrains of the market
- Key developments in the market
- Market volume
- CAGR value for the forecast period 2020-2027
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