The report includes forecasts and analysis for the Lateral Flow Assay market at global and regional level. It provides historic data covering 2018, base data covering 2019 along with a forecast from 2020 to 2027 based on revenue sales, import and export. The study includes drivers and restraints for the Lateral Flow Assay market with the help of SWOT analysis, along with the impact they have on the demand over the forecast period.
The report also proves essential when it comes to explaining what the market definition, classifications, applications, and engagements are for the Lateral Flow Assay market in the healthcare industry the report also has all the company profiles of the lead players and brands in the Lateral Flow Assay market that are driving the market and are making key trends.
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- Research Methodology
- Executive Summary
- Key Inferences
- Market Overview
- Market Dynamics
- Market Segmentation
- Company Profiles & Competitive Landscape
- Future of the Market
New Lateral Flow Assay Market Development
- In April 2018, Beckman Coulter, Inc. announced the launch of 6-acetylmorphine and buprenorphine assays in their product portfolio that will help in quick and convenient way to test heroin use and designed for usage in laboratories for qualitative analysis of buprenorphine in human urine.
Global Lateral Flow Assay Market Drivers & Restraints :
High consumption rate for home-based lateral flow testing products and solutions which have been combined with the requirement of better form of point-of-care testing products, these factors are acting as the growth drivers for lateral flow assay market in the above-mentioned forecasted period of 2020 to 2027.
Surging volume of geriatric population which have resulted in a steady rise for infectious disease prevalence across the world are one of the most vital drivers for lateral flow assay market in the above-mentioned forecasted period.
Lack of preference from the consumers to shift from traditional method of diagnostic testing and adopting advanced methods, as well as the excise duty implementation of a significant volume on the trading of medical devices are expected to restrain the market growth in the above-mentioned forecasted period of 2020 to 2027.
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Lateral Flow Assay Market Country Level Analysis
Lateral flow assay market is analysed and market size insights and trends are provided by country, product, technique, application, end user and distribution channel as referenced above.
The countries covered in lateral flow assay market report are U.S., Canada and Mexico in North America, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Brazil, Argentina and Rest of South America as part of South America and South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa (MEA) as a part of Middle East and Africa (MEA).
North America will be the dominant region for lateral flow assay market in the forecasted period of 2020 to 2027. This position of the region is expected to be backed by the availability of advanced healthcare infrastructure and services along with the growing incidences of target chronic disorders amid growth of geriatric population from the region. Due to the presence of major market players in the region, the innovations and advancements in collaboration with the other market players have also been one of the major factors behind this market’s significant growth potential.
Segmentation:-Global Lateral Flow Assay Market
(Kits & Reagents, Lateral Flow Readers),
(Sandwich Assays, Competitive Assays, Multiplex Detection Assays),
(Clinical/POC Testing, Veterinary Diagnostics, Food Safety & Environment Testing, Drug Development & Quality Testing),
(Hospitals & Clinics, Home Care, Pharmaceutical & Biotechnology Companies, Diagnostic Laboratories, Others),
(Hospital Pharmacies, Retail Pharmacies, Supermarket/Hypermarket, E-Commerce),
(U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa)
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Key Insights in the report:
- Detailed overview of parent market
- Changing market dynamics of the industry
- Strategies of key players and product offerings
- In-depth market segmentation
- Recent industry trends and developments
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