Lateral Flow Assay Market Analysis by Application (Drug Development & Quality Testing, Testing), by Product (Lateral Flow Readers, Kits & Reagents by Technique (Competitive Assays, Sandwich Assays), by Sample Type, and by Region - Forecast to 2029

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The global lateral flow assay market size is estimated to be USD xx billion in 2021 and is expected to witness a CAGR of xx% during the forecast period. Increasing incidences of infectious diseases globally is a key driver for the growth of the global lateral flow assay market. Additionally, rapid increase in geriatric population and growth in use of home-based lateral flow assay devices in the lateral flow assay market are some of the other drivers propelling the market growth. Nevertheless, lower accurateness of lateral flow assay tests and restricted compensations for lateral flow assay products are expected to restrain the global market growth.

Global Lateral Flow Assay Market Size (USD Billion), 2021-2029

Source: Erevna Healthcare

By Application

Based on application, the market is categorized into drug development & quality testing, testing, veterinary diagnostics, and food safety & environment testing. In 2021, the testing segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to the adoption of point of care testing devices for qualitative and quantitative analysis worldwide. The drug development & quality testing segment is anticipated to grow at a profitable CAGR during the forecast period, due the launch of new testing techniques being used for developing various drugs and for checking the quality.

By Product

Based on product, the market is segmented into lateral flow readers and kits & reagents. In 2021, the lateral flow readers segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to the lateral flow readers being extremely sensitive and enumerate and precisely capture and transmit data worldwide. Kits & reagents segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the growing initiatives by various public and private organizations in development of technology for lateral flow assay market.

By Technique

Based on technique, the market is categorized into competitive assays, sandwich assays, and multiplex detection assays. In 2021, the sandwich assays segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to widespread applications of these assays in clinical testing application worldwide. The multiplex detection assays segment is anticipated to grow at a profitable CAGR during the forecast period, due to the advantages related with the use of these assays, such as high sensitivity and specificity for larger analysis.

By Sample Type

Based on sample type, the market is categorized into urine samples, blood samples, saliva samples, and other samples. In 2021, the other samples segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to surge in R&D and the necessity for more specific and precise disease testing worldwide. The blood samples segment is anticipated to grow at a profitable CAGR during the forecast period, due to the number of tests that can be conducted by collecting blood samples and arriving at correct diagnosis.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the change in various regulation, growing geriatric population, growth in initiatives from government, accessibility of technological advanced products in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the increasing cases of COVID 19, growing government and corporate investment in healthcare sector, aged population, and availability of skilled labour forces at economic costs, are the major factors in this region.

Competitor Insights

Some of the key players in the lateral flow assay market Abbott Laboratories (U.S.); F. Hoffman-La Roche Ltd. (Switzerland); Danaher Corporation (U.S.); Siemens AG (Germany); Becton, Dickinson and Company (U.S.); bioMérieux (France); Bio-Rad Laboratories (U.S.); Thermo Fisher Scientific, Inc. (U.S.); PerkinElmer Inc. (U.S.); and Hologic Inc. (U.S.). The leading players operating in the lateral flow assay industry are adopting various strategies including R&D investments, adaption of advanced techniques, new technology launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The lateral flow assay market report is categorized into the following segments and subsegments:

Lateral Flow Assay Market, By Application (Revenue, USD Billion, 2021 – 2029)

  • Drug Development & Quality Testing
  • Testing
    • Infectious Disease Testing
      • Mosquito-borne Diseases
      • Covid-19
      • Influenza
      • Sexually Transmitted Infections
        • HIV
        • HPV
        • Chlamydia
        • Gonorrhoea
        • Syphilis
        • Other Sexually Transmitted Infections
      • Hepatitis
      • Tuberculosis
      • Other Infectious Diseases
    • Cardiac Marker Testing
      • Troponin I and T Testing
      • CK-MB Testing
      • BNP or NT-proBNP Testing
      • Myoglobin Testing
      • D-Dimer Testing
      • Other Cardiac Markers
    • Pregnancy & Fertility Testing
      • Pregnancy Testing
      • Fertility Testing
    • Cholesterol Testing/Lipid Profiles
    • Drugs-of-Abuse Testing
  • Veterinary Diagnostics
  • Food Safety & Environment Testing

Lateral Flow Assay Market, By Product (Revenue, USD Billion, 2021 – 2029)

  • Lateral Flow Readers
    • Digital/Handheld Readers
    • Benchtop Readers
    • Mobile/Smartphone Readers
  • Kits & Reagents

Lateral Flow Assay Market, By Technique (Revenue, USD Billion, 2021 – 2029)

  • Competitive Assays
  • Sandwich Assays
  • Multiplex Detection Assays

Lateral Flow Assay Market, By Sample Type (Revenue, USD Billion, 2021 – 2029)

  • Urine Samples
  • Blood Samples
  • Saliva Samples
  • Other Samples

Lateral Flow Assay Market, By Region (Revenue, USD Billion, 2021 – 2029)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of Lateral Flow Assay Market Report:

Key Parameters Details
Base Year
  • 2021
Forecast Period
  • 2022-2029
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • Value-chain analysis
  • COVID-19 impact analysis
Regional Market Scope
  • North America (U.S. and Canada)
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 15 players
  • 50+ other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Table of Contents: Lateral Flow Assay Market 2021-2029

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Assumptions
    4. Research Framework
      1. Research Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Procurement
        1. Internal Database
        2. Secondary Research
        3. Purchased Database
        4. Primary Research
      3. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
      4. Quality Assessment
  1. Introduction: Lateral Flow Assay
  2. Executive Summary
    1. Global Market Scenario
    2. Segment Market Scenario
    3. Geographic Market Scenario
    4. COVID-19 Impact
    5. Competitive Landscape
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
      5. Driver 5
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
      4. Restraint 4
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
      4. Opportunity 4
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
      4. Trend 4
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
      4. Challenge 4
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. Value Chain Analysis
    4. SWOT Analysis
    5. Benchmark
  2. COVID-19 Impact Analysis: Lateral Flow Assay Market
    1. COVID-19: Overview
    2. COVID-19 Impact on the Global Market
    3. COVID-19 Impact on the Regional Markets
  3. Market Analysis by Application
    1. Drug Development & Quality Testing
      1. Drug Development & Quality Testing Market Forecast, 2021-2029 (USD Million)
    2. Testing
      1. Testing Market Forecast, 2021-2029 (USD Million)
    3. Veterinary Diagnostics
      1. Veterinary Diagnostics Market Forecast, 2021-2029 (USD Million)
    4. Food Safety & Environment Testing
      1. Food Safety & Environment Testing Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by Product
    1. Lateral Flow Readers
      1. Lateral Flow Readers Market Forecast, 2021-2029 (USD Million)
    2. Kits & Reagents
      1. Kits & Reagents Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by Technique 
    1. Competitive Assays
      1. Competitive Assays Market Forecast, 2021-2029 (USD Million)
    2. Sandwich Assays
      1. Sandwich Assays Market Forecast, 2021-2029 (USD Million)
    3. Multiplex Detection Assays
      1. Multiplex Detection Assays Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by Sample Type
    1. Urine Samples
      1. Urine Samples Market Forecast, 2021-2029 (USD Million)
    2. Blood Samples
      1. Blood Samples Market Forecast, 2021-2029 (USD Million)
    3. Saliva Samples
      1. Saliva Samples Market Forecast, 2021-2029 (USD Million)
    4. Other Samples
      1. Other Samples Market Forecast, 2021-2029 (USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends
    2. Regional Market: Comparative Analysis
  2. North America Lateral Flow Assay Market
    1. North America Lateral Flow Assay Market
      1. North America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Application, 2021-2029 (USD Million)
        2. Market Size and Forecast by Product, 2021-2029 (USD Million)
        3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
        4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
      2. S. Lateral Flow Assay Market
        1. S. Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Application, 2021-2029 (USD Million)
          2. Market Size and Forecast by Product, 2021-2029 (USD Million)
          3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
          4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
        2. Canada Lateral Flow Assay Market
          1. Canada Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Application, 2021-2029 (USD Million)
            2. Market Size and Forecast by Product, 2021-2029 (USD Million)
            3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
            4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
  1. Europe Lateral Flow Assay Market
    1. Europe Lateral Flow Assay Market
      1. Europe Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Application, 2021-2029 (USD Million)
        2. Market Size and Forecast by Product, 2021-2029 (USD Million)
        3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
        4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
      2. Germany Lateral Flow Assay Market
        1. Germany Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Application, 2021-2029 (USD Million)
          2. Market Size and Forecast by Product, 2021-2029 (USD Million)
          3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
          4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
        2. UK Lateral Flow Assay Market
          1. UK Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Application, 2021-2029 (USD Million)
            2. Market Size and Forecast by Product, 2021-2029 (USD Million)
            3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
            4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
          2. France Lateral Flow Assay Market
            1. France Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Application, 2021-2029 (USD Million)
              2. Market Size and Forecast by Product, 2021-2029 (USD Million)
              3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
              4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
            2. Spain Lateral Flow Assay Market
              1. Spain Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Application, 2021-2029 (USD Million)
                2. Market Size and Forecast by Product, 2021-2029 (USD Million)
                3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
                4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
              2. Italy Lateral Flow Assay Market
                1. Italy Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Application, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Product, 2021-2029 (USD Million)
                  3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
                  4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
                2. Rest of EuropeLateral Flow Assay Market
                  1. Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Application, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Product, 2021-2029 (USD Million)
                    3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
                    4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
  1. Asia PacificLateral Flow Assay Market
    1. Asia PacificLateral Flow Assay Market
      1. Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Application, 2021-2029 (USD Million)
        2. Market Size and Forecast by Product, 2021-2029 (USD Million)
        3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
        4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
      2. Japan Lateral Flow Assay Market
        1. Japan Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Application, 2021-2029 (USD Million)
          2. Market Size and Forecast by Product, 2021-2029 (USD Million)
          3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
          4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
        2. China Lateral Flow Assay Market
          1. China Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Application, 2021-2029 (USD Million)
            2. Market Size and Forecast by Product, 2021-2029 (USD Million)
            3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
            4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
          2. India Lateral Flow Assay Market
            1. India Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Application, 2021-2029 (USD Million)
              2. Market Size and Forecast by Product, 2021-2029 (USD Million)
              3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
              4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
            2. South Korea Lateral Flow Assay Market
              1. South Korea Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Application, 2021-2029 (USD Million)
                2. Market Size and Forecast by Product, 2021-2029 (USD Million)
                3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
                4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
              2. Australia Lateral Flow Assay Market
                1. Australia Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Application, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Product, 2021-2029 (USD Million)
                  3. Market Size and Forecast by Technique 2021-2029 (USD Million)
                  4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
                2. Rest of Asia Pacific Lateral Flow Assay Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Application, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Product, 2021-2029 (USD Million)
                    3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
                    4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
  1. Latin America Lateral Flow Assay Market
    1. Latin America Lateral Flow Assay Market
      1. Latin America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Application, 2021-2029 (USD Million)
        2. Market Size and Forecast by  Product, 2021-2029 (USD Million)
        3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
        4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
      2. BrazilLateral Flow Assay Market
        1. Brazil Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Technique, 2021-2029 (USD Million)
          2. Market Size and Forecast by Product, 2021-2029 (USD Million)
          3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
          4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
        2. MexicoLateral Flow Assay Market
          1. Mexico Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Application, 2021-2029 (USD Million)
            2. Market Size and Forecast by Product, 2021-2029 (USD Million)
            3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
            4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
          2. Argentina Lateral Flow Assay Market
            1. Argentina Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Application, 2021-2029 (USD Million)
              2. Market Size and Forecast by Product, 2021-2029 (USD Million)
              3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
              4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
            2. Rest of Latin America Lateral Flow Assay Market
              1. Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Application, 2021-2029 (USD Million)
                2. Market Size and Forecast by Product, 2021-2029 (USD Million)
                3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
                4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
  1. MEALateral Flow Assay Market
    1. MEA Lateral Flow Assay Market
      1. MEA Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Application, 2021-2029 (USD Million)
        2. Market Size and Forecast by Product, 2021-2029 (USD Million)
        3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
        4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
      2. GCC Lateral Flow Assay Market
        1. GCC Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Application, 2021-2029 (USD Million)
          2. Market Size and Forecast by Product, 2021-2029 (USD Million)
          3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
          4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
        2. South Africa Lateral Flow Assay Market
          1. South Africa Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Application, 2021-2029 (USD Million)
            2. Market Size and Forecast by Product, 2021-2029 (USD Million)
            3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
            4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
          2. Rest of MEA Lateral Flow Assay Market
            1. Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Application, 2021-2029 (USD Million)
              2. Market Size and Forecast by Product, 2021-2029 (USD Million)
              3. Market Size and Forecast by Technique, 2021-2029 (USD Million)
              4. Market Size and Forecast by Sample Type, 2021-2029 (USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2021 & 2029
    2. Competitive Mapping
    3. Key Players Market Place Analysis
    4. Major Recent Developments
  2. Company Profiles
    1. Abbott Laboratories (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    2. Hoffman-La Roche Ltd. (Switzerland)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    3. Danaher Corporation (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    4. Siemens AG (Germany)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    5. Becton, Dickinson and Company (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    6. bioMérieux (France)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    7. Bio-Rad Laboratories (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    8. Thermo Fisher Scientific, Inc. (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    9. PerkinElmer Inc. (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Benchmarking
      5. Recent Developments
    10. Hologic Inc. (U.S.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    11. Company 11
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    12. Company 12
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    13. Company 13
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    14. Company 14
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    15. Company 15
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    16. Others Prominent Players

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