2021 Lateral Flow Assays Market Shaping a New Growth Cycle | Abbott Laboratories, Thermo Fisher Scientific, F. Hoffmann-La Roche AG


The global Lateral Flow Assays market size is expected to be worth around US$ 10.51 billion by 2030, according to a new report by Vision Research Reports.

The global Lateral Flow Assays market size was valued at US$ 8.40 billion in 2020 and is anticipated to grow at a CAGR of 6.9% during forecast period 2021 to 2030.

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Growth Factors

 Major drivers of the market include an increase in the prevalence of infectious diseases, a rise in government initiatives to curb infectious and chronic diseases, a rise in demand for point of care testing, and strategic mergers & acquisitions among others.

Continuous strategic initiatives by leading and emerging players to develop and launch advanced products are anticipated to significantly support the market growth. For instance, in January 2021, U.K.-based Sensyne Health launched MagnifEye, a novel smartphone app that utilizes deep machine learning AI to automate the accurate reading of lateral flow diagnostic tests.

Report Coverage

Report Scope Details
Market Size US$ 10.51 Billion by 2030
Growth Rate CAGR of 6.9% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application, Technique, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Abbott Laboratories; Thermo Fisher Scientific, Inc.; F. Hoffmann-La Roche AG; Bio-rad Laboratories, Inc.; Biomérieux SA; Quidel Corporation; Hologic, Inc.; Perkinelmer, Inc.; Merck KGAA; Becton, Dickinson and Company; Siemens Healthineers; Danaher Corporation; Qiagen N.V.

Key Players

  • Abbott Laboratories
  • Thermo Fisher Scientific, Inc.
  • F. Hoffmann-La Roche AG
  • Bio-rad Laboratories, Inc.
  • Biomérieux SA
  • Quidel Corporation
  • Hologic, Inc.
  • Perkinelmer, Inc.
  • Merck KGAA
  • Becton, Dickinson and Company
  • Siemens Healthineers
  • Danaher Corporation
  • Qiagen N.V.

Market Segmentation

  • Product OutlookKits & Reagents
    • Lateral Flow Readers
      • Digital/Mobile Readers
      • Benchtop Readers
  • Application Outlook
    • Clinical Testing
      • Infectious Diseases Testing
        • Mosquito Borne Disease Testing
        • Influenza Testing
        • Sexually Transmitted Infection Testing
          • HIV Testing
          • HPV Testing
          • Chlamydia Testing
          • Gonorrhea Testing
          • Syphilis Testing
          • Others
        • Hepatitis
        • Tuberculosis
        • Others
      •  Cardiac Marker Testing
        • Troponin I and T Testing
        • CK-MB Testing
        • BNP and NT-proBNP Testing
        • Myoglobin Testing
        • D-Dimer Testing
        • Others
      • Pregnancy & Fertility Testing
        • Pregnancy Testing
        • Fertility Testing
      • Cholesterol Testing/Lipid Profile Testing
      • Drugs of Abuse Testing
      • Others
    • Veterinary Diagnostics
    • Food safety & Environment Testing
    • Drug Development & Quality Testing
  • Technique Outlook
    • Sandwich Assays
    • Competitive Assays
    • Multiplex Detection Assays
  • End-use Outlook
    • Hospitals & Clinics
    • Diagnostic Laboratories
    • Home Care
    • Pharmaceutical & Biotechnology Companies
    • Others
  • Regional Outlook
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

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