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Global Lateral Flow Assay Market Size, Status and Forecast 2019-2025

In this report, the Global Lateral Flow Assay market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Global Lateral Flow Assay market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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Lateral Flow Assay is a simple to use diagnostic device used to confirm the presence or absence of a target analyte, such as pathogens or biomarkers in humans or animals, or contaminants in water supplies, foodstuffs, or animal feeds.

Factor such as the high prevalence of infectious diseases across the globe, rapidly increasing geriatric population, increasing usage of home-based lateral flow assay devices, and growing demand for point-of-care testing are fueling the growth of the market. The global market of Lateral Flow Assay Industry is not concentrated due to the wide application and consumption scale.

Based on application, the lateral flow assay market is segmented into Medicine, Environment Testing and Food Safety. The medicine and food safety segment are expected to grow at the highest CAGR during the forecast period. The medical sector accounts for the largest market share, approximately 54% in 2018.The high growth of this segment is driven by the medical diagnosis industry to rapid lateral flow assay tests and the shifting of the food & beverage industry from lab-based conventional microbiology techniques to rapid lateral flow assay tests.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field.

In 2018, the global Lateral Flow Assay market size was 4674.6 million US$ and it is expected to reach 7183.5 million US$ by the end of 2025, with a CAGR of 6.3% during 2019-2025.

This report focuses on the global Lateral Flow Assay status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Lateral Flow Assay development in United States, Europe and China.

The key players covered in this study

Thermo Fisher

Bio-Rad Laboratories

Becton, Dickinson

Abbott

Hologic

PerkinElmer

Quidel Corporation

Biomérieux

Qiagen

Siemens

BUHLMANN

IMMY

Market segment by Type, the product can be split into

Sandwich Assays

Competitive Assays

Market segment by Application, split into

Medicine

Environment Testing

Food Safety

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

The study objectives of this report are:

To analyze global Lateral Flow Assay status, future forecast, growth opportunity, key market and key players.

To present the Lateral Flow Assay development in United States, Europe and China.

To strategically profile the key players and comprehensively analyze their development plan and strategies.

To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Lateral Flow Assay are as follows:

History Year: 2014-2018

Base Year: 2018

Estimated Year: 2019

Forecast Year 2019 to 2025

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Browse full research report at https://www.crystalmarketreport.com/global-lateral-flow-assay-market-size-status-and-forecast-2019-2025

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