Global Lateral Flow Assays Market Size & Outlook
The lateral flow assays industry worldwide is expected to reach a projected revenue of US$ 13,597.2 million by 2030. A compound annual growth rate of 4.3% is expected of the worldwide lateral flow assays industry from 2024 to 2030.
Revenue, 2023 (US$M)
$10,155.3
Forecast, 2030 (US$M)
$13,597.2
CAGR, 2024 - 2030
4.3%
Report Coverage
Worldwide
Global lateral flow assays market, 2018-2030 (US$M)
Related Markets
Global lateral flow assays market highlights
- The global lateral flow assays market generated a revenue of USD 10,155.3 million in 2023 and is expected to reach USD 13,597.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.3% by 2030.
- In terms of segment, kits & reagents accounted for a revenue of USD 6,894.1 million in 2023.
- Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 10,155.3 million |
| Market revenue in 2030 | USD 13,597.2 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Kits & Reagents |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Lateral Flow Readers |
Other key industry trends
- In terms of revenue, the North America accounted for 35.6% of the global lateral flow assays market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 483.3 million by 2030.
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Lateral Flow Assays Market Scope
Lateral flow assays market segmentation & scope
COVID-19
Mosquito Borne Disease Testing
Influenza Testing
HIV Testing
HPV Testing
Chlamydia Testing
Gonorrhea Testing
Syphilis Testing
Other STI Testing
Hepatitis
Tuberculosis
Other Infectious Diseases
Troponin I and T Testing
CK-MB Testing
BNP and NT-Probnp Testing
Myoglobin Testing
D-Dimer Testing
Other Cardiac Marker Tests
Pregnancy Testing
Fertility Testing
Cholesterol Testing/Lipid Profile
Drugs of Abuse Testing
Other Clinical Tests
Veterinary Diagnostics
Food Safety & Environment Testing
Drug Development & Quality Testing
Hospitals & Clinics
Diagnostic Laboratories
Home Care
Pharmaceutical & Biotechnology Companies
Others
Lateral Flow Assays Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global lateral flow assays market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lateral flow assays market will help companies and investors design strategic landscapes.
kits & reagents was the largest segment with a revenue share of 67.89% in 2023. Horizon Databook has segmented the Global lateral flow assays market based on kits & reagents, lateral flow readers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Lateral Flow Assays Product Outlook (Revenue, USD Million, 2018-2030)
- Kits & Reagents
- Lateral Flow Readers
- Benchtop Readers
- Digital Readers
- Global Lateral Flow Assays Application Outlook (Revenue, USD Million, 2018-2030)
- Clinical Testing
- Infectious Disease Testing
- COVID-19
- Mosquito Borne Disease Testing
- Influenza Testing
- Sexually Transmitted Infection Testing
- HIV Testing
- HPV Testing
- Chlamydia Testing
- Gonorrhea Testing
- Syphilis Testing
- Other STI Testing
- Hepatitis
- Tuberculosis
- Other Infectious Diseases
- Cardiac Marker Testing
- Troponin I and T Testing
- CK-MB Testing
- BNP and NT-Probnp Testing
- Myoglobin Testing
- D-Dimer Testing
- Other Cardiac Marker Tests
- Pregnancy & Fetility Testing
- Pregnancy Testing
- Fertility Testing
- Cholesterol Testing/Lipid Profile
- Drugs of Abuse Testing
- Other Clinical Tests
- Infectious Disease Testing
- Veterinary Diagnostics
- Food Safety & Environment Testing
- Drug Development & Quality Testing
- Clinical Testing
- Global Lateral Flow Assays Technique Outlook (Revenue, USD Million, 2018-2030)
- Sandwich Assays
- Competitive Assays
- Multiplex Detection Assays
- Global Lateral Flow Assays End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals & Clinics
- Diagnostic Laboratories
- Home Care
- Pharmaceutical & Biotechnology Companies
- Others
- Global Lateral Flow Assays Test Type Outlook (Revenue, USD Million, 2018-2030)
- Lateral Flow Immunoassay
- Nucleic Acid Lateral Flow Assay
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Horizon Databook provides a detailed overview of global-level data and insights on the Global lateral flow assays market , including forecasts for subscribers. This global databook contains high-level insights into Global lateral flow assays market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global lateral flow assays market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Lateral flow assays market size, 2023 (USD Million)
Top 10 countries: Lateral flow assays market size, 2023 (USD Million)
Global lateral flow assays market, by region, 2023 (US$M)
Related regional statistics
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