The market for Lateral Flow Assay (LFA) components was valued at USD 490.8 Million in 2021 and is anticipated to grow at a 4.1% revenue CAGR over the next five years. Major factors influencing market revenue growth include the rising adoption of lateral flow assay devices in domestic settings for the early detection and diagnosis of infectious diseases, expanding technological advancements in product design of lateral flow assay components, and rising prevalence of infectious diseases globally.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Lateral Flow Assay Components according to the impact of COVID-19.
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The leading market contenders listed in the report are:
Merck KGaA, Danaher Corporation, Sartorius Stedim Biotech, Abbott., Advanced Microdevice Pvt. Ltd., Ahlstrom-Munksjö., Nupore Filtration, DCN Diagnostics., Ballya Bio., and PerkinElmer Inc.
Key reasons to buy the Global Lateral Flow Assay Components Market report:
- The latest report comprehensively studies the global Lateral Flow Assay Components market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Lateral Flow Assay Components Market
-
Product Type Outlook (Revenue, USD Million; 2019-2030)
- Pads
- Membranes
- Lateral Flow Test Strips & Readers
- Others
-
Technique Outlook (Revenue, USD Million; 2019-2030)
- Sandwich Assays
- Multiplex Detection Assays
- Competitive Assays
-
Application Outlook (Revenue, USD Million; 2019-2030)
- Clinical Testing
- Food Safety & Environmental Testing
- Drug Development & Quality Testing
- Others
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Regional Outlook of the Lateral Flow Assay Components Market
The global Lateral Flow Assay Components market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Lateral Flow Assay Components market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Lateral Flow Assay Components Market report:
- The latest report comprehensively studies the global Lateral Flow Assay Components market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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