We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us
LGC Clinical Diagnostics

Download Mobile App




Global Lateral Flow Assays Market Driven by Increasing Demand for Rapid and Portable Diagnostic Solutions

By LabMedica International staff writers
Posted on 28 Jun 2023
Print article
Image: The global lateral flow assays market is expected to touch USD 14 billion in 2030 (Photo courtesy of Freepik)
Image: The global lateral flow assays market is expected to touch USD 14 billion in 2030 (Photo courtesy of Freepik)

Lateral flow assays, also known as lateral flow immunoassays or lateral flow tests, are diagnostic tools created for fast, point-of-care detection of various substances. They are widely used in applications such as pregnancy tests, diagnosis of infectious diseases, drug screening, food safety verification, and veterinary diagnostics. Due to their user-friendly nature, swift results, minimal equipment needs, and cost-effectiveness, these tests can be conveniently used in diverse environments like hospitals, clinics, homes, and remote areas. Over the years, the lateral flow assays market has seen consistent growth, primarily driven by the global increase in demand for rapid, portable diagnostic solutions, irrespective of the development status of the region.

The global lateral flow assays market was valued at almost USD 10 billion in 2022 and is expected to register a CAGR of 4.25% during the forecast period 2023-2030 to reach close to USD 14 billion in 2030. These are the latest findings of ResearchAndMarkets.com (Dublin, Ireland), a leading source for international market research reports and market data.

Based on technique, the sandwich assays segment dominates the lateral flow assay kits & reagents market with the largest share. Due to their high sensitivity and specificity for larger analyses, sandwich assays are extensively used in clinical testing. By type, the lateral flow readers segment is expected to witness the highest growth during the forecast period. Lateral flow readers offer quantitative analysis of lateral flow strips across various test formats like sandwich, competitive, and reverse-competitive. They measure the intensity of the test line to estimate the number of analytes present in samples, thus providing fully quantitative assay results.

Geographically, North America leads the global lateral flow assay market due to increasing demand for home healthcare services, the rising prevalence of multiple chronic conditions, early adoption of test procedures, and the presence of numerous key players in the region. Europe is the world’s second-largest market for lateral flow assays due to the rising prevalence of infectious diseases leading to a surge in demand for diagnostic tests, including lateral flow assays. Furthermore, with a noticeable increase in drug and alcohol consumption in Europe, the demand for lateral flow assays for monitoring and screening applications has increased in the region.

Related Links:
ResearchAndMarkets.com

Gold Member
Flocked Fiber Swabs
Puritan® Patented HydraFlock®
Verification Panels for Assay Development & QC
Seroconversion Panels
New
FOB+Transferrin+Calprotectin+Lactoferrin Test
CerTest FOB+Transferrin+Calprotectin+Lactoferrin Combo Test
New
Creatine Kinase-MB Assay
CK-MB Test

Print article

Channels

Clinical Chemistry

view channel
Image: The tiny clay-based materials can be customized for a range of medical applications (Photo courtesy of Angira Roy and Sam O’Keefe)

‘Brilliantly Luminous’ Nanoscale Chemical Tool to Improve Disease Detection

Thousands of commercially available glowing molecules known as fluorophores are commonly used in medical imaging, disease detection, biomarker tagging, and chemical analysis. They are also integral in... Read more

Immunology

view channel
Image: The cancer stem cell test can accurately choose more effective treatments (Photo courtesy of University of Cincinnati)

Stem Cell Test Predicts Treatment Outcome for Patients with Platinum-Resistant Ovarian Cancer

Epithelial ovarian cancer frequently responds to chemotherapy initially, but eventually, the tumor develops resistance to the therapy, leading to regrowth. This resistance is partially due to the activation... Read more

Microbiology

view channel
Image: The lab-in-tube assay could improve TB diagnoses in rural or resource-limited areas (Photo courtesy of Kenny Lass/Tulane University)

Handheld Device Delivers Low-Cost TB Results in Less Than One Hour

Tuberculosis (TB) remains the deadliest infectious disease globally, affecting an estimated 10 million people annually. In 2021, about 4.2 million TB cases went undiagnosed or unreported, mainly due to... Read more

Pathology

view channel
Image: The ready-to-use DUB enzyme assay kits accelerate routine DUB activity assays without compromising data quality (Photo courtesy of Adobe Stock)

Sensitive and Specific DUB Enzyme Assay Kits Require Minimal Setup Without Substrate Preparation

Ubiquitination and deubiquitination are two important physiological processes in the ubiquitin-proteasome system, responsible for protein degradation in cells. Deubiquitinating (DUB) enzymes contain around... Read more

Technology

view channel
Image: The HIV-1 self-testing chip will be capable of selectively detecting HIV in whole blood samples (Photo courtesy of Shutterstock)

Disposable Microchip Technology Could Selectively Detect HIV in Whole Blood Samples

As of the end of 2023, approximately 40 million people globally were living with HIV, and around 630,000 individuals died from AIDS-related illnesses that same year. Despite a substantial decline in deaths... Read more
Copyright © 2000-2025 Globetech Media. All rights reserved.