Lateral Flow Assay Market Size is valued at USD 20.65 Bn in 2023 and is predicted to reach USD 24.45 Bn by the year 2031 at a 2.21% CAGR during the forecast period for 2024-2031.
Immunochromatographic tests, known as lateral flow assays, can determine if a target analyte, such as a pathogen or a biomarker, is present or absent in people or animals. Due to increased usage in medical diagnostics, a rise in the occurrence of infectious diseases, the increasing need for point-of-care testing, and the widespread acceptance of home-based lateral flow assay tests. In terms of sensitivity, selectivity, and quantification advancements, technological growth is causing lateral flow tests to work better. Manufacturers' test readers are frequently utilized to assess the robustness of a sample's test line. Portable lateral flow assay readers are becoming increasingly popular due to their expanding mobility and downsizing. Technological advancements in using various wavelengths for sample illumination and various sample detection systems, which use CMOS or CCD detecting technologies, are driving innovations in lateral flow assay testing equipment.
Furthermore, assays are evolving from straightforward qualitative tests to intricate multi-analyte quantitative assays, driving the growth of the lateral flow assay market. The substantial incidence of infectious diseases, the growing geriatric population, the rising demand for point-of-care testing, the rising demand for home-based lateral flow assay test kits, and the rising disposable income in developing nations are the main factors driving the global lateral flow assay market. The global market is expected to be driven by technological development and rising product usage. The demand for user-friendly point-of-care testing in-home care settings that can provide results in real-time (5-15 minutes) is rising due to the increased frequency of infectious and lifestyle diseases.
The Lateral Flow Assay market segmentation is on the basis of type, application, technique, sample type and end users. Based on type, the market is segmented as kits & reagents and lateral flow readers. As per the application, the market is divided into clinical testing, veterinary diagnostics, food safety & environment testing and drug development & quality testing. By technique, the market is segmented into sandwich assay, competitive assays and multiplex detection assays. According to sample type, the market is divided into Blood Samples, Urine Samples, Saliva Samples and Others Samples. The end users segmentation compriseshospitals & clinics, diagnostic laboratories, home care, pharmaceutical & biotechnology companies and other end users.
The kits & reagents category will hold a major share of the world lateral flow assay market in 2022 due to the spread of infectious diseases and the expanding usage of lateral flow kits in home care settings. To improve the creation of efficient and sensitive lateral flow test instruments, Newmarket participants are working together. As a result, the market is projected that the demand for lateral flow assays will expand throughout the projection period due to increased strategic collaborations to accelerate the development of lateral flow kits.
The sandwich assay technique segment is projected to grow rapidly in the global lateral flow assay market owing to growing concerns about the harmful effects of synthetic chemicals on the skin. Hence, with the growing popularity of bio-based beauty products and personal hygiene products, there is an increase in demand for lateral flow assay in the personal care sector, especially in countries such as the US, Germany, the UK, China, and India.
The North America lateral flow assay market is expected to record the maximum market share in revenue shortly. As the increase in chronic disease prevalence, the rise in requirement for home health care, the early adoption of test procedures, and the existence of many important stakeholders. In addition, Asia Pacific is estimated to grow rapidly in the global lateral flow assay market. Due to a huge patient pool, increased government initiatives to provide improved healthcare facilities, a growth in disposable money, and increased public knowledge.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 20.65 Bn |
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Revenue Forecast In 2031 |
USD 24.45 Bn |
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Growth Rate CAGR |
CAGR of 2.21% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By Application, By Technique, By Sample Type, By End Users |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; South East Asia |
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Competitive Landscape |
Abbott Laboratories (U.S.), Danaher Corporation (U.S.), F. Hoffmann-La Roche AG (Switzerland), Siemens Healthineers AG (Germany), Becton, Dickinson and Company (U.S.), bioMérieux SA (France), Bio-Rad Laboratories, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), QIAGEN N.V. (Germany), PerkinElmer Inc. (U.S.), Quidel Corporation (U.S.), Merck KGAA (Germany), Abcam Plc, Surmodics, Inc., Chembio Diagnostics, Inc., Orasure Technologies, DCN Diagnostics, Polysciences Inc., Abingdon Health, Oranoxis Inc., Aesku.Group Gmbh, Bio Group Medical System S.R.L, Pharmact Gmbh, Diesse Diagnostica Senese S.P.A., Xiamen Biotime Biotechnology Co., Ltd. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Lateral Flow Assays Market Snapshot
Chapter 4. Global Lateral Flow Assays Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type, & Market Share, 2020 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Type:
5.2.1. Kits & Reagents
5.2.2. Lateral Flow Readers
Chapter 6. Market Segmentation 2: By Technique Estimates & Trend Analysis
6.1. By Technique & Market Share, 2020 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Technique:
6.2.1. Sandwich Assays
6.2.2. Competitive Assays
6.2.3. Multiplex Detection Assays
Chapter 7. Market Segmentation 3: By Application Estimates & Trend Analysis
7.1. By Application & Market Share, 2020 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Application:
7.2.1. Clinical Testing
7.2.2. Veterinary Diagnostics
7.2.3. Food Safety & Environmental Testing
7.2.4. Drug Development & Quality Testing
Chapter 8. Market Segmentation 4: By Sample Type Estimates & Trend Analysis
8.1. By Sample Type & Market Share, 2020 & 2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Sample Type:
8.2.1. Blood Samples
8.2.2. Urine Samples
8.2.3. Saliva Samples
8.2.4. Other Samples
Chapter 9. Market Segmentation 5: By End User Estimates & Trend Analysis
9.1. By End User & Market Share, 2020 & 2031
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By End User:
9.2.1. Hospitals & Clinics
9.2.2. Diagnostics Laboratories
9.2.3. Home Care Settings
9.2.4. Pharmaceuticals & Biotechnology Companies
9.2.5. Other End User
Chapter 10. Lateral Flow Assays Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Lateral Flow Assays Market revenue (US$ Million) estimates and forecasts By Type, 2019-2031
10.1.2. North America Lateral Flow Assays Market revenue (US$ Million) estimates and forecasts By Technique, 2019-2031
10.1.3. North America Lateral Flow Assays Market revenue (US$ Million) estimates and forecasts By Application, 2019-2031
10.1.4. North America Lateral Flow Assays Market revenue (US$ Million) estimates and forecasts By Sample Type, 2019-2031
10.1.5. North America Lateral Flow Assays Market revenue (US$ Million) estimates and forecasts By End User, 2019-2031
10.1.6. North America Lateral Flow Assays Market revenue (US$ Million) estimates and forecasts by country, 2019-2031
10.2. Europe
10.2.1. Europe Lateral Flow Assays Market revenue (US$ Million) By Type, 2019-2031
10.2.2. Europe Lateral Flow Assays Market revenue (US$ Million) By Technique, 2019-2031
10.2.3. Europe Lateral Flow Assays Market revenue (US$ Million) By Application, 2019-2031
10.2.4. Europe Lateral Flow Assays Market revenue (US$ Million) By Sample Type, 2019-2031
10.2.5. Europe Lateral Flow Assays Market revenue (US$ Million) By End User, 2019-2031
10.2.6. Europe Lateral Flow Assays Market revenue (US$ Million) by country, 2019-2031
10.3. Asia Pacific
10.3.1. Asia Pacific Lateral Flow Assays Market revenue (US$ Million) By Type, 2019-2031
10.3.2. Asia Pacific Lateral Flow Assays Market revenue (US$ Million) By Technique, 2019-2031
10.3.3. Asia Pacific Lateral Flow Assays Market revenue (US$ Million) By Application, 2019-2031
10.3.4. Asia Pacific Lateral Flow Assays Market revenue (US$ Million) By Sample Type, 2019-2031
10.3.5. Asia Pacific Lateral Flow Assays Market revenue (US$ Million) By End User, 2019-2031
10.3.6. Asia Pacific Lateral Flow Assays Market revenue (US$ Million) by country, 2019-2031
10.4. Latin America
10.4.1. Latin America Lateral Flow Assays Market revenue (US$ Million) By Type, (US$ Million) 2019-2031
10.4.2. Latin America Lateral Flow Assays Market revenue (US$ Million) By Technique, (US$ Million) 2019-2031
10.4.3. Latin America Lateral Flow Assays Market revenue (US$ Million) By Application, (US$ Million) 2019-2031
10.4.4. Latin America Lateral Flow Assays Market revenue (US$ Million) By Sample Type, (US$ Million) 2019-2031
10.4.5. Latin America Lateral Flow Assays Market revenue (US$ Million) By End User, (US$ Million) 2019-2031
10.4.6. Latin America Lateral Flow Assays Market revenue (US$ Million) by country, 2019-2031
10.5. Middle East & Africa
10.5.1. Middle East & Africa Lateral Flow Assays Market revenue (US$ Million) By Type, (US$ Million) 2019-2031
10.5.2. Middle East & Africa Lateral Flow Assays Market revenue (US$ Million) By Technique, (US$ Million) 2019-2031
10.5.3. Middle East & Africa Lateral Flow Assays Market revenue (US$ Million) By Application, (US$ Million) 2019-2031
10.5.4. Middle East & Africa Lateral Flow Assays Market revenue (US$ Million) By Sample Type, (US$ Million) 2019-2031
10.5.5. Middle East & Africa Lateral Flow Assays Market revenue (US$ Million) By End User, (US$ Million) 2019-2031
10.5.6. Middle East & Africa Lateral Flow Assays Market revenue (US$ Million) by country, 2019-2031
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Abbott Laboratories (US),
11.2.2. Quidel Corporation (US),
11.2.3. F. Hoffman-La Roche AG (Switzerland),
11.2.4. Danaher Corporation (US),
11.2.5. Siemens AG (Germany),
11.2.6. BD (US),
11.2.7. bioMérieux SA (France),
11.2.8. Thermo Fisher Scientific, Inc. (US),
11.2.9. PerkinElmer Inc. (US),
11.2.10. Hologic Inc. (US),
11.2.11. QIAGEN N.V. (Netherlands),
11.2.12. Merck KGaA (Germany).
By Type-
Lateral Flow Assay Market By Application-
Lateral Flow Assay Market By Technique
Lateral Flow Assay Market By Sample type
Lateral Flow Assay Market By End Users
Lateral Flow Assay Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
