Trichy Daily

Lateral Flow Assay Market Size to Rise at USD 7.1 Billion by 2026 Due To Rising Government Initiatives And Growing Demand For Point Of Care Testing: Grand View Research Inc.

 Breaking News
  • No posts were found

Lateral Flow Assay Market Size to Rise at USD 7.1 Billion by 2026 Due To Rising Government Initiatives And Growing Demand For Point Of Care Testing: Grand View Research Inc.

February 02
08:01 2021
Lateral Flow Assay Market Size to Rise at USD 7.1 Billion by 2026 Due To Rising Government Initiatives And Growing Demand For Point Of Care Testing: Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a recent report published by Grand View Research Inc., the rise in government initiatives and growing demand for point of care testing is likely to influence the market growth in the coming years. Also, the strategic mergers and acquisitions is expected to fuel the market development in the forecast period.

According to a report, “Lateral Flow Assay Market Size, Share & Trends Analysis Report By Product (Kits & Reagents, Lateral Flow Readers), By End Use, By Application (Clinical Testing, Veterinary Diagnostics), By Technique, By Region, And Segment Forecasts, 2019 - 2026”, lateral flow assays are cellulose based devices used in the detection of a target component in the liquid sample excluding the need for any specialized equipment. Growing prevalence of infectious disease is expected to remain pivotal for market growth in the coming years.

The geriatric population widely suffers from inflammatory and bowel diseases. Although the treatments are available worldwide, there is a huge demand for lateral flow assays since these devices enhance the treatment methods for geriatric population. For instance, according to the U.S. Department of Health & Human Services, the U.S. Government has formed the President’s Emergency Plan for AIDS Relief  (PEPFAR). This emergency plan works towards the prevention, response and early detection of existing as well new risks related to immune system. 

In addition, the rise in prevalence of infectious diseases is expected to propel the market growth in the coming years. According to the WHO, alone in 2019, there were more than 219 million cases of malaria and more than 10 million cases of TB in Africa and South East Asia.

North America lateral flow assay market size, by product, 2015 - 2026 (USD Million)

Lateral Flow Assay Market Report Highlights:

Kits & reagents held the largest share based on product as they offer easy, effective, and rapid diagnosis of chronic and infectious diseases

The clinical testing segment held the largest market share in the past years owing to increase in incidence of infectious diseases, rise in pressure to reduce overall healthcare costs, and increasing demand for POC testing devices that can be used at any healthcare setting

Technological advancements in the healthcare sector, innovation in technology and devices, and increase in the adoption of POC testing by patients and healthcare professionals is anticipated to fuel market growth during the forecast period

“Would you Like/Try a Sample Report” Click the link below:https://www.grandviewresearch.com/industry-analysis/lateral-flow-assay-market/request/rs1

Grand View Research has segmented the global lateral flow assay market on the basis of product, application, technique, end use, and region:

Lateral Flow Assay Product Outlook (Revenue, USD Million, 2015 - 2026)

Kits & Reagents         

Lateral Flow Readers

Digital/Mobile Readers

Benchtop Readers

Lateral Flow Assay Application Outlook (Revenue, USD Million, 2015 - 2026)

Clinical Testing

Infectious Diseases Testing

 Mosquito Borne Disease Testing

 Influenza Testing

 Sexually Transmitted Infection Testing

 HIV Testing

 HPV Testing

 Chlamydia Testing

 Gonorrhea Testing

 Syphilis Testing

 Others

Hepatitis

Tuberculosis

Others

Cardiac Marker Testing

Troponin-I and T-Testing

CK-MB Testing

BNP and NT-ProBNP Testing

Myoglobin Testing

D-Dimer Testing

Others

Pregnancy & Fertility Testing

Pregnancy Testing

Fertility Testing

Cholesterol Testing/Lipid Profile Testing

Drugs of Abuse Testing

Others

Veterinary Diagnostics

Food safety & Environment Testing

Drug Development & Quality Testing

Lateral Flow Assay Technique Outlook (Revenue, USD Million, 2015 - 2026)

Sandwich Assay

Competitive Assay

Multiplex Detection Assay

Lateral Flow Assay End-use Outlook (Revenue, USD Million, 2015 - 2026)

Hospitals & Clinics

Diagnostic Laboratories

Home Care

Pharmaceutical & Biotechnology Companies

Others

Lateral Flow Assay Regional Outlook (Revenue, USD Million, 2015 - 2026)

North America

U.S.

Canada

Europe

U.K.

Germany

France

Italy

Spain

Russia

Asia Pacific

China

India

Japan

South Korea

Australia

Latin America

Mexico

Brazil

Argentina

MEA

South Africa

Saudi Arabia

UAE

List of Key Players for Lateral Flow Assay Market:

Quidel Corporation

Hologic Inc

Thermo Fisher Scientific Inc

F.Hoffman-La Roche

Siemens AG

Danaher Corporation

Becton Dickinson and Company

Bio-Rad

BioMerieux

PerkinElmer

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/6769/ibb

Browse Related Report @

In-Vitro Colorectal Cancer Screening Tests Market – https://www.grandviewresearch.com/industry-analysis/in-vitro-colorectal-cancer-screening-tests-market

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.
Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs.

 

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/lateral-flow-assay-market

Related Articles