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Lateral Flow Immunoassay (LFIA) Based Rapid Test Global Market Report 2020-30: COVID 19 Growth and Change

  • ID: 5181717
  • Report
  • October 2020
  • Region: Global
  • 200 pages
  • The Business Research Company
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FEATURED COMPANIES

  • Abbott Laboratories
  • bioMérieux
  • Bio-Rad Laboratories
  • Danaher Corporation
  • F. Hoffmann-La Roche
  • Hologic Inc.
  • MORE
Lateral Flow Immunoassay (LFIA) Based Rapid Test Global Market Report 2020-30: COVID 19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global lateral flow immunoassay (LFIA) based rapid test market.

This report focuses on lateral flow immunoassay (LFIA) based rapid test market which is experiencing strong growth. The report gives a guide to the lateral flow immunoassay (LFIA) based rapid test market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the lateral flow immunoassay (LFIA) based rapid test? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Lateral Flow Immunoassay (LFIA) Based Rapid Test market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider lateral flow immunoassay (LFIA) based rapid test market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The lateral flow immunoassay (LFIA) based rapid test market section of the report gives context. It compares the lateral flow immunoassay (LFIA) based rapid test market with other segments of the lateral flow immunoassay (LFIA) based rapid test market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, lateral flow immunoassay (LFIA) based rapid test indicators comparison.
Scope

Markets Covered:
1) By Technique: Competitive Assay; Sandwich Assay; Multiplex Detection Assay
2) By End User: Hospital and Clinic; Diagnostic Laboratory; Home Care; Others
3) By Application: Infectious Disease; Pregnancy and Fertility; Toxicology; Others

Companies Mentioned: Abbott Laboratories; F. Hoffmann-La Roche; Danaher Corporation; Siemens AG; Becton, Dickinson and Company

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report will be delivered within 1-3 business days.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Abbott Laboratories
  • bioMérieux
  • Bio-Rad Laboratories
  • Danaher Corporation
  • F. Hoffmann-La Roche
  • Hologic Inc.
  • MORE
1. Executive Summary

2. Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Characteristics

3. Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Size And Growth
3.1. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market

4. Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Segmentation
4.1. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Technique, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Competitive Assay
  • Sandwich Assay
  • Multiplex Detection Assay
4.2. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Hospital and Clinic
  • Diagnostic Laboratory
  • Home Care
  • Others
4.3. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Infectious Disease
  • Pregnancy and Fertility
  • Toxicology
  • Others
5. Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Regional And Country Analysis
5.1. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
6.1. Asia-Pacific Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
6.2. Asia-Pacific Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

7. China Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
7.1. China Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
7.2. China Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

8. India Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
8.1. India Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
8.2. India Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9. Japan Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
9.1. Japan Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
9.2. Japan Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10. Australia Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
10.1. Australia Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. Indonesia Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
11.1. Indonesia Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12. South Korea Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
12.1. South Korea Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

13. Western Europe Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
13.1. Western Europe Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
13.2. Western Europe Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

14. UK Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
14.1. UK Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
14.2. UK Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

15. Germany Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
15.1. Germany Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

16. France Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
16.3. France Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

17. Eastern Europe Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
17.1. Eastern Europe Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
17.2. Eastern Europe Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

18. Russia Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
18.1. Russia Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

19. North America Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
19.1. North America Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
19.2. North America Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

20. USA Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
20.1. USA Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
20.2. USA Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

21. South America Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
21.1. South America Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
21.2. South America Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

22. Brazil Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
22.1. Brazil Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

23. Middle East Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
23.1. Middle East Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
23.2. Middle East Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

24. Africa Lateral Flow Immunoassay (LFIA) Based Rapid Test Market
24.1. Africa Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Overview
24.2. Africa Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

25. Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Competitive Landscape And Company Profiles
25.1. Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Competitive Landscape
25.2. Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Company Profiles
25.2.1. Abbott Laboratories
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. F. Hoffmann-La Roche
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Danaher Corporation
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Siemens AG
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Becton, Dickinson and Company
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Lateral Flow Immunoassay (LFIA) Based Rapid Test Market

27. Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Trends And Strategies

28. Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Future Outlook and Potential Analysis

29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. About the Publisher
29.5. Copyright And Disclaimer
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abbott Laboratories
  • bioMérieux
  • Bio-Rad Laboratories
  • Danaher Corporation
  • F. Hoffmann-La Roche
  • Hologic Inc.
  • MORE
Major players in the lateral flow immunoassay (LFIA) based rapid test market are Abbott Laboratories, F. Hoffmann-La Roche, Danaher Corporation, Siemens AG, Becton, Dickinson and Company, bioMérieux, Bio-Rad Laboratories, Thermo Fisher Scientific, QIAGEN NV, and Hologic Inc.

The global lateral flow immunoassay based rapid test market is expected to decline from $5.98 billion in 2019 to $5.77 billion in 2020 at a compound annual growth rate (CAGR) of -3.63%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $7.54 billion in 2023 at a CAGR of 9.36%.

The lateral flow immunoassay (LFIA) based rapid test market consists of sales of devices and equipment used to run lateral flow immunoassays (LFIA) based rapid test and related services by companies that develop lateral flow immunoassays (LFIA) based rapid test equipment. These are testing devices used to assess the existence of a target, such as pathogens or biomarkers, in samples obtained from the human body or animals, or pollutants in water sources, food or animal feed.

North America was the largest region in the lateral flow immunoassay based rapid test market.

In April 2020, True Diagnostics, a leading US-based Point of Care (POC) company, partnered with Veravas and Infectolab Americas to create and distribute a fast, point-of-care immunoassay for SARS-CoV-2, the VeraTest SARS-CoV-2 IgA / IgG Fast Test will be developed to detect immunoglobulin A and immunoglobulin G antibodies to SARS-CoV-2 in the blood within 15 minutes. The test combines True Diagnostics, TrueDx lateral flow immunoassay technology with Veravas, VeraPrep clean and VeraPrep capture technologies designed to remove cross-reaction antibodies and ensure the detection of only SARS-CoV-2-specific antibodies. Veravas is an emerging US-based diagnostic company. Infectolab Americas is a US-based laboratory specialized in the lab testing for tick-borne disease.

The lateral flow immunoassay (LFIA) based rapid test market covered in this report is segmented by technique into competitive assay; sandwich assay; multiplex detection assay. It is also segmented by end user into hospital and clinic; diagnostic laboratory; home care; others, and by application into infectious disease; pregnancy and fertility; toxicology; others.

Low sensitivity of Lateral Flow Immunoassay (LFIA) Based Rapid Test is expected to limit the market. The sensitivity of the test is mainly the ability of the test to correctly identify those with the disease, which is low for Lateral Flow Immunoassay (LFIA) Based Rapid Test compared to other methods that may, in some cases, require a re-test for confirmation. according to a study conducted by researchers, including those from the Harvard medical school in the USA and also the University of British Columbia, Canada. The medical databases and preprint servers were searched from January 1 to April 30 2020, for studies measuring the sensitivity and specificity of the Covid-19 antibody test compared to the control test. It had been found that pooled sensitivities were consistently lower for the lateral flow immunoassay (LFIA) test compared to other test methods. The low level of sensitivity is anticipated to restrain the market growth for Lateral Flow Immunoassay (LFIA) based rapid test.

Companies are collaborating to launch new products. In May 2020, Lateral Flow Diagnostic Company Mologic Ltd., which has teamed up with Biosure Ltd., the developer of the only CE approved HIV home testing kit, to develop a COVID-19 antibody self-test. The companies combine Mologic's validated IgG lateral flow test strip with Biosure's test kit. In July 2020, MP Biomedicals Asia Pacific Pte Ltd collaborated with a Singapore company A*STAR to create the ASSURE® SARS-CoV-2 IgG / IgM rapid antibody test kit to detect IgG and IgM antibodies in a person infected with SARS-CoV-2. The kit delivers precise results in very less time as less as 15 minutes and uses the lateral flow method.

The demand for point-of-care testing under home care settings is expected to drive the Lateral Flow Immunoassay (LFIA) Based Rapid Test market. Point-of-care (POCT) testing is essential for rapid on-site diagnosis and treatment. The most important features for current POCT diagnostic systems are a quick analysis time with a test-to-answer format. Lateral flow immunoassays (LFIA) are widely used as POCTs due to their speed and precision, simplicity and low cost. For instance, the recent outbreak of coronavirus disease (COVID-19) has increased the significance of these devices to rapid screening and surveillance. Acro Biotech COVID-19 Rapid POC CE-IVD is a lateral flow immunoassay that quantifiably assesses the existence of patient-generated IgG and IgM antibodies to SARS-CoV-2, the causative agent of novel coronaviral disease COVID-19. These antibodies may be detected in whole blood, serum or plasma samples in the test cassette. OZO has developed three different variations of its products using the Latex Enhanced Lateral Flow Immunoassays (LFIAs) method for testing COVID-19. Therefore, the need for point-of-care testing under home care settings is expected to drive the Lateral Flow Immunoassay (LFIA) Based Rapid Test market.
Note: Product cover images may vary from those shown
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  • Abbott Laboratories
  • F. Hoffmann-La Roche
  • Danaher Corporation
  • Siemens AG
  • Becton, Dickinson and Company
  • bioMérieux
  • Bio-Rad Laboratories
  • Thermo Fisher Scientific
  • QIAGEN NV
  • Hologic Inc.
  • PerkinElmer, Inc.
  • Quidel Corporation
Note: Product cover images may vary from those shown
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