Lateral Flow Assays Market is Expected to Represent US$ 7,900 Mn
in the Year 2022
With the advent of lateral flow assays, the testing has been brought
away from the laboratory and closer to the patient. One of the major
benefit of later flow assay testing is that it leads to early
diagnosis, treatment and monitoring of health conditions. The
healthcare industry has entered the era of rapid diagnostics, in
which test results are almost instantaneous and accurate. Moreover,
complex and costly equipment is not used in the lateral flow assays.
Lateral flow assays uses immunoassay technology through a combination
of antibodies colored nanoparticles and nitrocellulose membranes to
present test results that can be visually interpreted. One of the
most popular example of lateral flow assay testing is the pregnancy
test.
The global lateral
flow assays market is slated to touch a value of about US$ 7,900
Mn in the year 2022 and grow at a robust CAGR during the assessment
period.
4 Forecast Highlights on Global Lateral Flow Assays Market
As per the forecast of Persistence Market Research, the
digital/mobile readers product type segment is slated to touch a
value of nearly US$ 2,250 Mn in the year 2022. This represents a
robust CAGR growth during the assessment period of 2017-2022. The
digital/mobile readers product type segment is estimated to account
for more than one-fourth of the revenue share of the product type
segment by the year 2017 and is forecasted to gain market share by
2022 over 2017.
As per the forecast of Persistence Market Research, the diagnostic
laboratories segment will reach a value of about US$ 1,200 Mn in the
year 2017. This represents a robust CAGR growth during the forecast
period. The diagnostic laboratories segment is forecasted to account
for more than one-fifth of the total revenue share of the end-user
segment by the end of the year 2017 and is expected to lose in market
share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the cardiac
marker testing application type segment is slated to reach a value of
nearly US$ 920 Mn in 2022. The cardiac marker testing application
type segment is expected to gain market share by the end of the year
2022. The largest share is contributed by the North America region in
the cardiac marker testing application type segment.
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Persistence Market Research forecasts the sandwich assays technology type segment to exhibit a compound annual growth rate (CAGR) of about 7% from 2017 to 2022.
View Report Table of Contents, Figures, and Tables
The report has also included the profiles of some of the leading
companies in the lateral flow assays market like Siemens
Healthineers, Danaher Corporation, Thermo Fisher Scientific, Inc.,
Dickinson and Company, Abbott Laboratories, Hologic Inc., Alere Inc.,
Johnson and Johnson, Becton, PerkinElmer, Inc., bioMerieux S.A,
QIAGEN N.V. and Bio-Rad Laboratories Inc.
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