Global Market Study on Lateral Flow Assays: North America Expected to Dominate the Market in Terms of Revenue Throughout the Assessment Period (2017 - 2022)


Lateral Flow Assays Market
  • Published On : Sep-2017 |
  • Pages : 170 Pages |
  • Format :

Introduction

Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Lateral Flow Assays Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. In this report, the global lateral flow assays market is explored in great detail, and the market dynamics of the global lateral flow assays market has been covered comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market. Also, analysis of the data over different parameters has been done in order to arrive at market numbers concerning the global lateral flow assays market. Besides, competition landscape of the global lateral flow assays market is also covered in this report, giving information about the key companies operating in the global lateral flow assays market.

Report Structure

In the first part of the report, the executive summary and the introduction are given. The executive summary gives a summary of the global lateral flow assays market and gives the pertinent market numbers that are most significant, which include the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in the year 2022. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also given in the executive summary.

In the introduction section, the lateral flow assays market is defined in detail so that the report readers are clear about the scope of this market.

The next section of the report gives information on the key dynamics of the lateral flow assays market. Key points covered in this section include the global economy, fiscal stimulus and bottom line of enterprises.

In the subsequent section of the report, information is given on the cost structure analysis and pricing analysis of the global lateral flow assays market. An analysis on the market presence of key participants (intensity map) is also offered in this section.

Market Segmentation

The next part of the report consists of the global lateral flow assays market analysis and forecast by product type, end user, application, technology and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The global lateral flow assays market is also analyzed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.

Competition Landscape

The last section of the report contains the competition landscape, where leading market players operating in the global lateral flow assays market are profiled in detail. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape also features the SWOT analysis of the selected companies, which gives the report readers information about the strengths, weaknesses, opportunities and the threats that such companies operating in the global lateral flow assays market are facing. The competition landscape is an invaluable part of the report as it contains all the necessary information to study the leading companies operating in the global lateral flow assays market and how they implement their strategies and vision to stay in the pole position in this highly competitive market.

Research Methodology

Persistence Market Research leverages a proven and tested research methodology to determine the revenue estimations of the global lateral flow assays market. In-depth secondary research is used to arrive at the overall market size and top industry players. A list of industry players (manufacturers), distributors, retailers, and industry experts is developed along with a comprehensive discussion guide for detailed and exhaustive primary interviews. Data thus obtained is validated using the triangulation method, where primary and secondary research along with Persistence Market Research analysis contribute to the final data. This data is then scrutinized using advanced tools to glean pertinent insights into the global lateral flow assays market.

Market Taxonomy

Product Type

  • Benchtop Readers
  • Digital/Mobile Readers
  • Kits & Reagents

End User

  • Hospitals and Clinics
  • Diagnostic Laboratories
  • Pharmaceutical and Biotech Companies
  • Other End Users

Application

  • Cardiac Marker Testing
  • Drug Development & Quality Testing
  • Drugs-of-Abuse Testing
  • Food Safety & Environment Testing
  • Infectious Disease Testing
  • Pregnancy & Fertility Testing

Technology

  • Sandwich Assays
  • Competitive Assays
  • Multiplex Detection Assays

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific excluding Japan
  • Middle East and Africa

Lateral flow assays are also known by the term lateral flow immunochromatographic assays and they are simple devices used to detect the presence or absence of the intended analyte in the matrix or the sample. Lateral flow assay devices don’t use costly and specialized equipment for the generation of the test result. Such kind of tests are generally used for point of care testing, testing in home or for use in the laboratory. The most popular and well known application of lateral flow assay test is the pregnancy test. These assay tests are revolutionizing the healthcare industry and in the way diagnostic care is delivered to the patients. The most important feature of lateral assay tests is that it produces accurate test result in a short span of time. Lateral flow assay market is witnessing a robust growth due to the increasing incidences of infectious and communicable diseases. Also, increased use of rapid testing in home care settings is also driving the market growth. In addition, a rise in geriatric population, increased use in clinical laboratories and advances in technology coupled with a rise in chronic diseases is also driving the market for lateral flow assays.  

According to the assessment of Persistence Market Research, the global lateral flow assays market is forecasted to reach a figure of about US$ 7,900 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.

Global Lateral Flow Assays Market.JPG

North America Market Set to Dominate the Global Lateral Flow Assays Market in Terms of Revenue

The market in North America is set to dominate the global lateral flow assays market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America lateral flow assays market is the most attractive market, growing at a robust CAGR over the forecast period.

Benchtop Readers Product Type Segment Slated to Touch a Value of About US$ 1,600 Mn in 2022

According to the projections of Persistence Market Research, the benchtop readers product type segment is expected to reach a value of about US$ 1,600 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The benchtop readers product type segment is estimated to account for more than one-fifth of the revenue share of the product type segment by the end of the year 2017 and is expected to lose in market share by 2022 over 2017.

Hospitals and Clinics Segment to Exhibit a CAGR of Nearly 7% During the Assessment Period

According to the assessment of Persistence Market Research, the hospitals and clinics segment is poised to touch a figure of about US$ 3,350 Mn in the year 2022. This signifies a CAGR of nearly 7% during the assessment period from 2017 till the year 2022. The hospitals and clinics segment is estimated to account for nearly half of the revenue share of the end-user segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global lateral flow assays market through 2022, which include Abbott Laboratories, Alere Inc., Becton, Dickinson and Company, bioMerieux S.A, Bio-Rad Laboratories Inc., Danaher Corporation, Hologic Inc., Johnson and Johnson, QIAGEN N.V., Thermo Fisher Scientific, Inc., PerkinElmer, Inc. and Siemens Healthineers.

Company Profiles

  • Abbott Laboratories
  • Alere Inc.
  • Becton, Dickinson and Company
  • Biomérieux SA
  • Bio-Rad Laboratories, Inc.
  • Danaher Corporation
  • Hologic, Inc.
  • Johnson & Johnson
  • Qiagen N.V.
  • Thermo Fisher Scientific Inc.
  • PerkinElmer Inc.
  • Siemens Healthineers, Inc
  • Others.
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