{"id":55723,"date":"2023-04-12T12:05:16","date_gmt":"2023-04-12T10:05:16","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/global-lateral-flow-assays-market-to-2031-increasing-prevalence-of-home-based-lateral-flow-tests-drives-growth-researchandmarkets-com\/"},"modified":"2023-04-12T12:05:16","modified_gmt":"2023-04-12T10:05:16","slug":"global-lateral-flow-assays-market-to-2031-increasing-prevalence-of-home-based-lateral-flow-tests-drives-growth-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/global-lateral-flow-assays-market-to-2031-increasing-prevalence-of-home-based-lateral-flow-tests-drives-growth-researchandmarkets-com\/","title":{"rendered":"Global Lateral Flow Assays Market to 2031: Increasing Prevalence of Home-Based Lateral Flow Tests Drives Growth &#8211; ResearchAndMarkets.com"},"content":{"rendered":"<div>\n<p>DUBLIN&#8211;(BUSINESS WIRE)&#8211;The <a target=\"_blank\" href=\"https:\/\/www.researchandmarkets.com\/reports\/5766269\/lateral-flow-assays-market-size-market-share?utm_source=BW&amp;utm_medium=PressRelease&amp;utm_code=89rbbt&amp;utm_campaign=1839090+-+Global+Lateral+Flow+Assays+Market+to+2031%3A+Increasing+Prevalence+of+Home-Based+Lateral+Flow+Tests+Drives+Growth&amp;utm_exec=jamu273prd\" rel=\"nofollow noopener\" shape=\"rect\">&#8220;Lateral Flow Assays Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 To 2031&#8221;<\/a> report has been added to <strong>ResearchAndMarkets.com&#8217;s<\/strong> offering.<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20230412005467\/en\/1761910\/4\/logo.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230412005467\/en\/1761910\/21\/logo.jpg\"><\/a><\/p>\n<p>\nThis study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.<\/p>\n<p>\n<strong>Companies Mentioned<\/strong><\/p>\n<ul>\n<li>\nAbbott Laboratories (United States)<\/li>\n<li>\nQuidel Corporation (United States)<\/li>\n<li>\nF. Hoffman-La Roche AG (Switzerland)<\/li>\n<li>\nDanaher Corporation (United States)<\/li>\n<li>\nSiemens AG (Germany)<\/li>\n<li>\nB.D. (United States)<\/li>\n<li>\nBio-Rad Laboratories (United States)<\/li>\n<li>\nThermo Fisher Scientific Inc. (United States)<\/li>\n<li>\nPerkinElmer Inc. (United States)<\/li>\n<li>\nHologic Inc. (United States)<\/li>\n<\/ul>\n<p>\nThe global market for lateral flow assays is anticipated to expand at a CAGR of 2.2% during the forecast period of 2023 to 2031.<\/p>\n<p>\nThe high prevalence of infectious diseases worldwide, the rapid development of the elderly population, the rising need for point-of-care testing, and the increasing use of home-based lateral flow assay equipment are the primary factors driving the expansion of this market.<\/p>\n<p>\nOn the other hand, doctors&#8217; and patients&#8217; unwillingness to adapt existing diagnostic processes, as well as the low accuracy of lateral flow assays, are the primary obstacles.<\/p>\n<p>\n<strong>Globally High Frequency of Infectious Disease as A Cause<\/strong><\/p>\n<p>\nDespite great advances in sanitation and medicine, the frequency of infectious diseases remains high throughout the world. Even though noncommunicable illnesses are the largest cause of morbidity and mortality, infectious diseases continue to be a global public health problem. In poor nations, the high frequency of infectious diseases such as HIV and malaria, along with underdeveloped healthcare infrastructure and rising public awareness, is anticipated to increase the adoption of lateral flow assay testing.<\/p>\n<p>\n<strong>Rapidly Growing Elderly Population<\/strong><\/p>\n<p>\nChronic diseases such as cystic fibrosis, hepatitis, cardiovascular ailments, and cancer are frequently the outcome of age-related physiological changes and metabolic inefficiency. Due to weakening immune systems, individuals aged 65 and older are more prone to various disorders and infectious infections. With the increasing prevalence of chronic diseases, the need for early and accurate disease identification is expanding.<\/p>\n<p>\n<strong>Increasing Prevalence of Home-Based Lateral Flow Tests<\/strong><\/p>\n<p>\nIn the management of cardiovascular and infectious diseases, home-based lateral flow assay instruments play a crucial role. Potentially empowering patients to conduct self-tests at home, these devices are also particularly useful for detecting pregnancy and stigmatized illnesses such as HIV.<\/p>\n<p>\nAs a result, the growing prevalence of these diseases and the increased implementation of lateral flow assay tests in-home care settings are anticipated to increase the demand for lateral flow assays. During COVID-19, several companies introduced home-based lateral flow assays for COVID-19 testing, as individuals feared getting tested at diagnostic laboratories or hospitals due to the huge volume of patients.<\/p>\n<p>\n<strong>Demand For Point-Of-Care Diagnostics Is Increasing<\/strong><\/p>\n<p>\nCurrently, the majority of diagnostic tests performed worldwide are laboratory-based. However, point-of-care (POC) testing based on lateral flow assays are rapidly replacing lengthy, conventional laboratory procedures. Due to the fact that point-of-care diagnostic tests require less complex infrastructure and training, they are less expensive than typical laboratory diagnostic procedures. The market for lateral flow assays is predicted to be dominated by point-of-care (POC) testing due to its importance in the face of a growing illness burden.<\/p>\n<p>\n<strong>Market Segmentation<\/strong><\/p>\n<p>\n<strong>Type<\/strong><\/p>\n<ul>\n<li>\nKits &amp; Reagents<\/li>\n<li>\nLateral Flow Readers<\/li>\n<li>\nLateral Flow Readers<\/li>\n<li>\nBenchtop Readers<\/li>\n<li>\nDigital Readers<\/li>\n<\/ul>\n<p>\n<strong>Application<\/strong><\/p>\n<ul>\n<li>\nClinical Testing<\/li>\n<li>\nInfectious Disease Testing<\/li>\n<li>\nCOVID-19<\/li>\n<li>\nMosquito-Borne Disease Testing<\/li>\n<li>\nInfluenza Testing<\/li>\n<li>\nSexually Transmitted Infection Testing<\/li>\n<li>\nSTI Testing<\/li>\n<li>\nHIV Testing<\/li>\n<li>\nHPV Testing<\/li>\n<li>\nChlamydia Testing<\/li>\n<li>\nGonorrhea Testing<\/li>\n<li>\nSyphilis Testing<\/li>\n<li>\nOther STI Testing<\/li>\n<li>\nHepatitis<\/li>\n<li>\nTuberculosis<\/li>\n<li>\nOther Infectious Diseases<\/li>\n<li>\nCardiac Marker Testing<\/li>\n<li>\nTroponin I and T Testing<\/li>\n<li>\nCK-MB Testing<\/li>\n<li>\nBNP and NT-Probnp Testing<\/li>\n<li>\nMyoglobin Testing<\/li>\n<li>\nD-Dimer Testing<\/li>\n<li>\nOther Cardiac Marker Tests<\/li>\n<li>\nPregnancy &amp; Fertility Testing<\/li>\n<li>\nPregnancy Testing<\/li>\n<li>\nFertility Testing<\/li>\n<li>\nCholesterol Testing\/Lipid Profile<\/li>\n<li>\nDrugs of Abuse Testing<\/li>\n<li>\nOther Clinical Tests<\/li>\n<li>\nVeterinary Diagnostics<\/li>\n<li>\nFood Safety &amp; Environment Testing<\/li>\n<li>\nDrug Development &amp; Quality Testing<\/li>\n<\/ul>\n<p>\n<strong>Technique<\/strong><\/p>\n<ul>\n<li>\nSandwich Assays<\/li>\n<li>\nCompetitive Assays<\/li>\n<li>\nMultiplex Detection Assays<\/li>\n<\/ul>\n<p>\n<strong>Test Type<\/strong><\/p>\n<ul>\n<li>\nLateral Flow Immunoassay<\/li>\n<li>\nNucleic Acid Lateral Flow Assay<\/li>\n<\/ul>\n<p>\n<strong>Sample<\/strong><\/p>\n<ul>\n<li>\nBlood Samples<\/li>\n<li>\nUrine Samples<\/li>\n<li>\nSaliva Samples<\/li>\n<li>\nOther Samples<\/li>\n<\/ul>\n<p>\n<strong>End User<\/strong><\/p>\n<ul>\n<li>\nHospitals &amp; Clinics<\/li>\n<li>\nDiagnostics Laboratories<\/li>\n<li>\nHome Care Settings<\/li>\n<li>\nPharmaceuticals &amp; Biotechnology Companies<\/li>\n<li>\nOther End User<\/li>\n<\/ul>\n<p>\n<strong>Key questions answered in this report<\/strong><\/p>\n<ul>\n<li>\nWhat are the key micro and macro environmental factors that are impacting the growth of Lateral Flow Assays market?<\/li>\n<li>\nWhat are the key investment pockets concerning product segments and geographies currently and during the forecast period?<\/li>\n<li>\nEstimated forecast and market projections up to 2031.<\/li>\n<li>\nWhich segment accounts for the fastest CAGR during the forecast period?<\/li>\n<li>\nWhich market segment holds a larger market share and why?<\/li>\n<li>\nAre low and middle-income economies investing in the Lateral Flow Assays market?<\/li>\n<li>\nWhich is the largest regional market for Lateral Flow Assays market?<\/li>\n<li>\nWhat are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East &amp; Africa?<\/li>\n<li>\nWhich are the key trends driving Lateral Flow Assays market growth?<\/li>\n<li>\nWho are the key competitors and what are their key strategies to enhance their market presence in the Lateral Flow Assays market worldwide?<\/li>\n<\/ul>\n<p>\nFor more information about this report visit <a target=\"_blank\" href=\"https:\/\/www.researchandmarkets.com\/reports\/5766269\/lateral-flow-assays-market-size-market-share?utm_source=BW&amp;utm_medium=PressRelease&amp;utm_code=89rbbt&amp;utm_campaign=1839090+-+Global+Lateral+Flow+Assays+Market+to+2031%3A+Increasing+Prevalence+of+Home-Based+Lateral+Flow+Tests+Drives+Growth&amp;utm_exec=jamu273prd\" rel=\"nofollow noopener\" shape=\"rect\">https:\/\/www.researchandmarkets.com\/r\/iimkms<\/a><\/p>\n<p>\n<strong>About ResearchAndMarkets.com<\/strong><\/p>\n<p>\nResearchAndMarkets.com is the world&#8217;s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\nResearchAndMarkets.com<br \/>\n<br \/>Laura Wood, Senior Press Manager<br \/>\n<br \/><a target=\"_blank\" href=\"mai&#108;&#116;&#111;&#58;&#x70;&#x72;&#x65;&#x73;&#x73;&#x40;&#x72;ese&#97;&#114;&#99;&#104;&#97;&#x6e;&#x64;&#x6d;&#x61;&#x72;&#x6b;ets&#46;&#99;&#111;&#109;\" rel=\"nofollow noopener\" shape=\"rect\">&#112;r&#x65;s&#x73;&#64;&#x72;e&#x73;e&#x61;r&#x63;&#104;&#x61;&#110;&#x64;&#109;&#x61;&#114;&#x6b;&#101;&#x74;&#115;&#x2e;&#99;o&#x6d;<\/a><br \/>For E.S.T Office Hours Call 1-917-300-0470<br \/>\n<br \/>For U.S.\/ CAN Toll Free Call 1-800-526-8630<br \/>\n<br \/>For GMT Office Hours Call +353-1-416-8900<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DUBLIN&#8211;(BUSINESS WIRE)&#8211;The &#8220;Lateral Flow Assays Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 To 2031&#8221; report has been added to ResearchAndMarkets.com&#8217;s offering. This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/pharma-trend.com\/en\/global-lateral-flow-assays-market-to-2031-increasing-prevalence-of-home-based-lateral-flow-tests-drives-growth-researchandmarkets-com\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-55723","6":"format-standard","7":"category-industry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global Lateral Flow Assays Market to 2031: Increasing Prevalence of Home-Based Lateral Flow Tests Drives Growth - ResearchAndMarkets.com - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/global-lateral-flow-assays-market-to-2031-increasing-prevalence-of-home-based-lateral-flow-tests-drives-growth-researchandmarkets-com\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Lateral Flow Assays Market to 2031: Increasing Prevalence of Home-Based Lateral Flow Tests Drives Growth - ResearchAndMarkets.com - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"DUBLIN&#8211;(BUSINESS WIRE)&#8211;The &#8220;Lateral Flow Assays Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 To 2031&#8221; report has been added to ResearchAndMarkets.com&#8217;s offering. 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This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for ... 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