Global Lateral Testing Market Overview
Lateral Testing Market accounted for US$ 5.4 billion in 2020 and is estimated to be US$ 7.9 billion by 2029 and is anticipated to register a CAGR of 4.3%.
Lateral flow assay is applicable to check the presence or absence of a target analytic such as or pathogens or biomarkers animals or humans. Lateral flow tests are usually applicable in human health. Lateral flow immunoassay is also termed as strip tests or immunochromatographic assay. Medical diagnostics has use of lateral flow assays either for point-of-care testing, home testing, or laboratory use. It is widely applicable for home pregnancy test. A lateral flow assay strip includes sample pad, reaction membrane, conjugate or reagent pad, and waste or wick reservoir. Lateral flow tests consists different types, such as competitive assay and sandwich assay.
Impact of Covid-19 pandemic on market
Due to the outbreak of Covid-19 pandemic globally, countries are facing major shortages in the supply for diagnostic kits to test for the virus. Diagnostics virology entities are under immense pressure to offer reliable testing kits, and there is a surge in demand for in-vitro or point-of-care testing capacities by labs across the globe. The report Lateral Flow Market will account for Covid19 as a key market contributor.
Global Lateral Testing Market Dynamics
Rise in the prevalence of infectious diseases
Growth in the prevalence of infectious diseases is expected to drive the target market growth in the coming years. As per WHO, in 2017, 219 million malaria cases were projected in around 87 countries. Further, WHO also reports that over 435,000 deaths were noted due to malaria in 2017. Hence, growing incidence of infectious diseases is estimated to result in demand for lateral flow assays.
Growth in government initiatives
Growth in the initiatives taken by governments to curb malaria are projected to propel the target market growth. For instance, in 2019, on World Malaria Day, WHO partnered with RBM, African Union Commission, and other partner organizations to create and spread awareness on malarial prevention and diagnosis. Increase in government investments is another factor anticipated to drive the target market growth.
However, adoption pf excise duty on medical devices in the U.S. might limit growth of the target market to certain extent.
Global Lateral Testing Market Segmentation
Lateral testing market is segmented based on product type, technique, application, end-user, and region.
On the basis of product type, the lateral testing market is segmented into kits and reagents, lateral flow assay readers, digital/mobile readers, and benchtop readers. On the basis of technique, the global market is classified into sandwich assay, competitive assay, and multiplex detection assay. Based on application, the target market is segmented into clinical testing, veterinary diagnostics, food safety & environment testing, and drug development & quality testing. Based on end-user, the target market is segmented into hospitals & clinics, diagnostic laboratories, home care, pharmaceutical & biotechnology companies, and others.
Regional Insights:
On region the lateral testing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to register highest growth owing to rise in incidence of influenza. As per data published by CDC in 2016, 15.5 million infectious disease detected patients visited hospital sites for primary treatment and disease management. Europe market is project to register strong growth due to increasing prevalence of HIV/AIDS and other infectious diseases. According to the European Centre for Disease Prevention and Control in 2018, about 2 million people in Europe were affected with HIV. Asia Pacific is anticipated to account steady growth owing to growth in infectious disease prevalence in countries such as China, Japan, and India. Increasing prevalence of HIV is projected to drive market growth in the coming years. According to the National AIDS Control Organization in 2017, a projected 21.40 lakh people were diagnosed with HIV in India. About 88 thousand new HIV cases have been noted in 2017, out of which, women estimated for 40% of newly recorded HIV cases.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2019 |
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Forecast period |
2020 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
By Product Type- Kits and Reagents, Lateral Flow Assay Readers, Digital/Mobile Readers, and Benchtop Readers By Technique– Neonatal Intensive Care Unit, Pediatric Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, High Dependency Unit, Surgical Intensive Care Unit, and Mobile Intensive Care Unit By Application– Clinical Testing, Veterinary Diagnostics, Food safety & Environment Testing, and Drug Development & Quality Testing By End-user– Hospitals & Clinics, Diagnostic Laboratories, Home Care, Pharmaceutical & Biotechnology Companies, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029. For the purpose of this study, has segmented the lateral testing market report based on product type, technique, application, end-user, and region.
Lateral Testing Market, By Product Type:
- Kits and Reagents
- Lateral Flow Assay Readers
- Digital/Mobile Readers
- Benchtop Readers
Lateral Testing Market, By Technique:
- Sandwich Assay
- Competitive Assay
- Multiplex Detection Assay
Lateral Testing Market, By Application:
- Clinical Testing
- Veterinary Diagnostics
- Food safety & Environment Testing
- Drug Development & Quality Testing
Lateral Testing Market, By End-user:
- Hospitals & Clinics
- Diagnostic Laboratories
- Home Care
- Pharmaceutical & Biotechnology Companies
- Others
Lateral Testing Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- U.S.
- Canada
- Middle East & Africa
Global Lateral Testing Market Key Players
The key players operating in the lateral testing market includes Abbott Laboratories, Alere Inc., Bio-Rad Laboratories, Inc., Becton Dickinson and Company, Johnson & Johnson, Biomrieux SA, Danaher Corporation, Qiagen N.V., Siemens AG, F. Hoffmann-La Roche Ltd, and Thermo Fisher Scientific, Inc.
Growth in demand for point of care testing devices has accounted to surge in launch of new products with enhanced technology. For instance, in February 2019, Abbott proclaimed the launch of a highly sensitive rapid diagnostic test, Determine TM HBsAg 2 test. This test is used for the detection of Hepatitis B surface antigen which can be used in almost all healthcare settings.
Global Lateral Testing Market Company Profile
- Abbott Laboratories
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alere Inc.
- Bio-Rad Laboratories, Inc.
- Becton Dickinson and Company
- Johnson & Johnson
- Biomrieux SA
- Danaher Corporation
- Qiagen N.V.
- Siemens AG
- F. Hoffmann-La Roche Ltd.
- Thermo Fisher Scientific, Inc.
“*” marked represents similar segmentation in other categories in the respective section.
Global Lateral Testing Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Lateral Testing Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Technique
- Market Snippet, By Application
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Product Type, 2020 – 2026, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2026
- Y-o-Y Growth Analysis (%), 2020 – 2026
- Segment Trends
- Kits and Reagents
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Lateral Flow Assay Readers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Digital/Mobile Readers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Benchtop Readers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Overview
- Market Segmentation, By Technique, 2020 – 2026, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2026
- Y-o-Y Growth Analysis (%), 2020 – 2026
- Segment Trends
- Sandwich Assay
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Competitive Assay
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Multiplex Detection Assay
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Overview
- Market Segmentation, By Application, 2020 – 2026, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2026
- Y-o-Y Growth Analysis (%), 2020 – 2026
- Segment Trends
- Clinical Testing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Veterinary Diagnostics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Food safety & Environment Testing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Drug Development & Quality Testing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Overview
- Market Segmentation, By End-user, 2020 – 2026, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2026
- Y-o-Y Growth Analysis (%), 2020 – 2026
- Segment Trends
- Hospitals & Clinics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Diagnostic Laboratories
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Home Care
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Pharmaceutical & Biotechnology Companies
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2026
- Overview
- Global Market, By Region, 2020 – 2026, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2026
- Y-o-Y Growth Analysis (%), 2020 – 2026
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Technique, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2026
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Technique, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2026
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Technique, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2026
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Technique, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2026
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Technique, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2026
- Market Size and Forecast (US$ Mn), By End-user, 2020 – 2026
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2026
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Abbott Laboratories
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Alere Inc.
- Bio-Rad Laboratories, Inc.
- Becton Dickinson and Company
- Johnson & Johnson
- Biomrieux SA
- Danaher Corporation
- Qiagen N.V.
- Siemens AG
- F. Hoffmann-La Roche Ltd.
- Thermo Fisher Scientific, Inc.
- Abbott Laboratories
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- The Last Word
- Future Impact
- About Us
- Contact