Lateral Flow Assay

Lateral Flow Assay

Global Lateral Flow Assay Market to Reach $9.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Lateral Flow Assay estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$9.7 Billion by 2027, growing at aCAGR of 6.5% over the period 2020-2027. Kits & Reagents, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$5.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lateral Flow Readers segment is readjusted to a revised 6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 9.9% CAGR

The Lateral Flow Assay market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 9.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Select Competitors (Total 41 Featured) -

• Abbott Laboratories, Inc.
• Alere, Inc.
• Becton, Dickinson and Company
• bioMerieux SA
• Bio-Rad Laboratories, Inc.
• Danaher Corporation
• F. Hoffmann-La Roche AG
• Hologic, Inc.
• Johnson & Johnson
• PerkinElmer, Inc.
• Qiagen NV
• Quidel Corporation
• Siemens AG
• Thermo Fisher Scientific, Inc.

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