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Lateral Flow Assays (LFA) Market Size & Share, by Product (Kits & Reagents, Lateral Flow Readers), End-user (Hospitals, Diagnostic Laboratories, Pharmaceutical Companies) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 4871
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025 – 2037

Lateral Flow Assays Market size was valued at USD 12.76 billion in 2024 and is expected to cross USD 32.52 billion by the end of 2037, registering more than 7.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of lateral flow assays is estimated at USD 13.53 billion.

The growth of the market is mainly due to the increasing prevalence of infectious diseases. According to the World Health Organization (WHO), infectious diseases are the leading cause of death worldwide, accounting for about 25% of all deaths worldwide.

Increasing demand for diagnostic test products that use lateral flow technology for the detection of diseases, is further predicted to drive the lateral flow assays market. In 2020, an estimated 38 million people were living with HIV/AIDS worldwide, with 1.5 million new infections and 690,000 deaths. Tuberculosis (TB) remains one of the top 13th causes of death globally with about 10.6 million new cases and 1.6 million deaths in 2021.

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Lateral Flow Assays Sector: Growth Drivers and Challenges

Growth Drivers

  •  Increasing Research Costs – The growth of the global lateral flow assays market is driven by increased investment in research and development activities. This helps to find more viable solutions for biosafety cabinets. Research reports show that global R&D spending has grown from around USD 680 billion to over USD 2.5 trillion in 2020.
  • Growing Demand for Point-of-the-Care Testing – Point-of-the-care diagnostics devices have become increasingly important in recent years due to their ability to provide fast and accurate results in a variety of environments. Lateral flow assays are well suited to POCTs due to their simplicity, portability, and ease of use.
  • Growing Demand for Food Safety Testing - The demand for food safety testing is increasing globally, due to factors such as the increasing incidence of foodborne illnesses, and safety regulations. Food changes and consumer awareness is increasing about the safety and quality of the food they eat. Side flow testing is widely used for food safety testing due to its ease of use, fast turnaround time, and ability to detect a wide range of contaminants such as pathogens, toxins, and allergens. 

Challenges

  • Lack of Sensitivity and Specificity – Lateral flow assays are known to have limitations in terms of sensitivity and specificity compared to other diagnostic methods, such as PCR or ELISA. This can lead to false-positive or false-negative results, which can be a significant challenge in various applications.
  • Competition from Substitute Technologies
  • Regulatory Limitations Associated

Lateral Flow Assays Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

7.4%

Base Year Market Size (2024)

USD 12.76 billion

Forecast Year Market Size (2037)

USD 32.52 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Lateral Flow Assays Segmentation

End Users (Hospitals, Diagnostic Laboratories, Pharmaceutical Companies)

The diagnostic laboratory segment is estimated to hold the largest share of the lateral flow assays market during the time period between 2025-2037. The growth of the segment is driven by increased demand for flow analysis testing. Moreover, for any viral spread of infections, lateral flow tests are used by various institutions and governments to confirm symptomatic and asymptomatic infections.

Product (Kits & Reagents, Lateral Flow Readers)

Lateral flow assays (LFA) market from the kits and reagents segment is set to occupy a noteworthy gain of 60% by the end of 2037. The growth of this segment is driven by the growing demand for rapid anti-care tests. These products are widely used in different environments, such as clinics, hospitals, and home testing, due to their simplicity, ease of use, and anti-fast turnaround times. The growth of new innovative anti-horizontal scanning technologies, such as smartphone-based anti-flow digital scanning, is also driving demand for kits and reagents.

Our in-depth analysis of the global lateral flow assays (LFA) market includes the following segments:

          Product
  • Kits & Reagents
  • Lateral Flow Readers

          End Users
  • Hospitals
  • Diagnostic Laboratories
  • Pharmaceutical Companies

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Lateral Flow Assays Landscape – Regional Synopsis

APAC Market Forecasts

The Asia-Pacific lateral flow analysis market is predicted to hold the largest share of 34% during the assessment period. The Asia-Pacific region has a high burden of infectious diseases, which is driving the need for lateral flow testing for rapid and accurate diagnosis. Several countries in the Asia-Pacific region such as China and India are investing heavily in health infrastructure.

North American Market Statistics

The North America lateral flow analysis market is assumed to hold a notable share of 26 % during the forecast period. North America is at the heart of technological advancements, driving the development of new and innovative transverse flow analysis technologies, and is anticipated to drive the growth of the market in the region.

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Companies Dominating the Lateral Flow Assays (LFA) Market

    • Abbott Laboratories
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Becton, Dickinson, and Company
    • Bio-Rad Laboratories, Inc.
    • Danaher Corporation
    • F.Hoffmann-La Roche AG
    • QIAGEN N.V.
    • Siemens Healthineers AG
    • Thermo Fisher Scientific, Inc.
    • Merck kGaA
    • PerkinElmer Inc.

In the News

  • Abbott Laboratories announced the launch of a new lateral flow antigen test called the BinaxNOW COVID-19 Ag Card home test. This test is intended for non-prescription, and over-the-counter use, and provides results in 15 minutes. It is the first COVID-19 test authorized for non-prescription use by the US Reel and Drug Administration (FDA).
  •  Becton, Dickinson, and Company: SD announced the acquisition of a lateral now and clinical diagnostics company, Infiammatix. Inflammatix's technology enables rapid diagnosis and triage of patients with suspected infectious or inflammatory conditions. The acquisition is expected to enhance BD's diagnostic capabilities and expand its presence in the infectious disease market.

Author Credits:  Radhika Pawar


  • Report ID: 4871
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of lateral flow assays is estimated at USD 13.53 billion.

The lateral flow assays market size was valued at USD 12.76 billion in 2024 and is expected to cross USD 32.52 billion by the end of 2037, registering more than 7.4% CAGR during the forecast period i.e., between 2025-2037. The growing prevalence of infectious diseases and spiking healthcare spending will propel the market growth.

North America industry is assumed to hold a notable share of 26% by 2037, driving the development of new and innovative transverse flow analysis technologies in the region.

The major players in the market include Abbott Laboratories, Becton, Dickinson, and Company, Bio-Rad Laboratories, Inc., Danaher Corporation, F.Hoffmann-La Roche AG, QIAGEN N.V., Siemens Healthineers AG, Thermo Fisher Scientific, Inc., Merck kGaA, PerkinElmer Inc.
Lateral Flow Assays Market Report Scope

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