Russia Lateral Flow Assays Market Size & Outlook
Russia lateral flow assays market, 2018-2030 (US$M)
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Russia lateral flow assays market highlights
- The Russia lateral flow assays market generated a revenue of USD 155.3 million in 2023 and is expected to reach USD 204.8 million by 2030.
- The Russia market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Kits & Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Lateral flow assays market data book summary
| Market revenue in 2023 | USD 155.3 million |
| Market revenue in 2030 | USD 204.8 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Kits & Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Lateral Flow Readers |
| Key market players worldwide | Abbott Laboratories, Thermo Fisher Scientific Inc, Roche, Bio-Rad Laboratories Inc, BioMerieux SA, QuidelOrtho Corp, Hologic Inc, PerkinElmer, Merck KGaA, BD, Siemens Healthineers AG ADR, Danaher Corp, Qiagen NV |
Other key industry trends
- In terms of revenue, Russia accounted for 1.5% of the global lateral flow assays market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK lateral flow assays market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 521.5 million by 2030.
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Lateral Flow Assays Market Scope
Lateral Flow Assays Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia 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 65.74% in 2023. Horizon Databook has segmented the Russia lateral flow assays market based on kits & reagents, lateral flow readers covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing prevalence of HIV is anticipated to fuel the market during the forecast period. According to WHO, more than 1 million people are diagnosed with HIV in Russia every year. HIV is the third-largest leading cause of death globally.
There has also been an increase in the number of sexually transmitted diseases such as gonorrhea, syphilis, & chlamydia due to prominent sex tourism industry and poor health education in the country. In addition, according to International Diabetes Federation, about 7 million individuals were living with diabetes in Russia as of 2022, indicating a prevalence of 7% in adults.
Thus, increasing incidence of sexually transmitted diseases and diabetes is expected to boost market growth during the forecast period. Growing initiatives by new entrants toward developing novel rapid diagnostic devices are anticipated to boost the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia lateral flow assays market , including forecasts for subscribers. This country databook contains high-level insights into Russia lateral flow assays market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia lateral flow assays market size, by product, 2018-2030 (US$M)
Russia Lateral Flow Assays Market Outlook Share, 2023 & 2030 (US$M)
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