Global Lateral Flow Assay (LFA) Market Trends, Application, And Regional Forecast To 2023-2029Posted by Karthik Pilla on April 18th, 2023 Bharat Book Bureau Provides the Trending Market Research Report on “Global Lateral Flow Assay (LFA) Market 2023-2029” under the Life Sciences Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
Lateral flow assay (LFA) is a diagnostic test that uses a paper-based strip to detect the presence of a specific biomarker or analyte in a sample. Lateral flow assays are commonly used in medical diagnostics, food safety testing, and environmental monitoring. The global Lateral Flow Assay Market size is projected to grow by USD 2.0 billion from 2023 to 2029, registering a CAGR of 3.13 percent, according to the latest market data. Lateral flow assays are rapid, portable, and require minimal equipment, making them ideal for use in settings with limited resources or in remote locations.Lateral flow assays are rapid, portable, and require minimal equipment, making them ideal for use in settings with limited resources or in remote locations. This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, technology, application, end user, and region. The global market for lateral flow assay can be segmented by product: kits and reagents, readers. In 2022, the kits and reagents segment made up the largest share of revenue generated by the lateral flow assay market. Lateral flow assay market is further segmented by technology: sandwich assays, competitive assays. The sandwich assays segment was the largest contributor to the global lateral flow assay market in 2022. Based on application, the lateral flow assay market is segmented into: clinical diagnostics, food safety, veterinary diagnostics, others. The clinical diagnostics segment is estimated to account for the largest share of the global lateral flow assay market. On the basis of end user, the lateral flow assay market also can be divided into: hospitals and clinics, home healthcare, diagnostic laboratories, food and beverages companies, pharma & biotech companies, others. The hospitals & clinics segment held the largest share of the global lateral flow assay market in 2022 and is anticipated to hold its share during the forecast period. Lateral flow assay market by region is categorized into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Market Segmentation The report explores the recent developments and profiles of key vendors in the Global Lateral Flow Assay Market, including Abbott Laboratories, F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Siemens Healthineers AG, QuidelOrtho Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market. Scope of the Report Why Choose This Report
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