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Pulished Date April, 2021
ID: 4826
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Europe Lateral Flow Assay Market Research Report - Segmented By Product, Application, Technique, End User & Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 4826
Pages: 145

Europe Lateral Flow Assay Market Size (2021 to 2026)

As per the research report, the Europe lateral flow assay market size is projected to value USD 2.63 billion by 2026 and USD 1.83 billion in 2021, growing at a CAGR of 7.54% during the forecast period.

Lateral flow assays (LFAs) are the technology behind low-cost, simple, rapid, and portable detection devices popular in biomedicine, agriculture, food, and environmental sciences. Lately, these types of assays have attracted considerable attention due to their potential to provide an immediate diagnosis to patients. The variety and interpretation of these results and parameters are used for the assessment of the assay.

The European lateral flow assay market is being propelled ahead by the rising frequency of infectious diseases, the rapidly aging population, the growing demand for point-of-care testing, and home-based lateral flow assay equipment. 

In addition, increasing point-of-care testing devices as they are simple and portable. In addition, they produce faster results, resulting in better patient outcomes. Growing acceptance of smart devices, increased use of the lateral flow assay kits, and benefits of LFA-based fast tests over laboratory testing all contribute to the overall growth of the Europe lateral flow assay market. Since the need for rapid diagnosis of the coronavirus has been a priority since the pandemic began, it has had a beneficial impact on the lateral flow tests industry. 

Technological advancements in the field of lateral flow tests have also benefited the industry. In recent years, significant advances in LFA development have included new signal amplification techniques, the introduction of new labels, improved quantification systems, and simultaneous detection. 

Increased government participation in controlling infectious spread, diagnosis, and prevention, and the launch of a diagnosis system in-home care settings are expected to contribute to the growth of European lateral flow assay market during the forecast period. Despite the fact that non-communicable diseases are the leading cause of morbidity and mortality, infectious diseases continue to be a major public health concern. This factor will be a significant driver of the Europe lateral flow assay market in the coming years.

However, Consumer reluctance to convert from old diagnostic procedures to modern methods and the imposition of significant excise duty on medical equipment trading are anticipated to limit the market expansion. In addition, due to reimbursement issues, lateral flow assay-based diagnostics have had limited popularity in this region.

This research report on the European Lateral Flow Assay Market has been segmented and sub-segmented into the following categories:

By Product: 

  • Reader

  • Kit

By Application: 

  • Clinical

  • Veterinary

  • Drug Development

  • Food Safety

By Technique: 

  • Competitive

  • Multiplex

  • Sandwich

By End User: 

  • Hospitals and Clinics

  • Home Care

  • Diagnostic Laboratories

  • Pharmaceutical and Biotechnology Companies

By Country: 

  • UK

  • France

  • Spain

  • Germany

  • Italy

  • Russia

  • Sweden

  • Denmark

  • Switzerland

  • Netherlands

  • Turkey

  • Czech Republic

  • Rest of Europe

Geographically, the Europe lateral flow assay market accounted for the second-largest proportion owing to the growing demand for decentralized laboratory tests and is continued to be an important market for lateral flow assay tests. Furthermore, the presence of a well-developed healthcare system boosts this market tremendously. The market is predicted to grow fast because of the increased incidence of HIV/AIDS and other infectious diseases in Europe. According to the European Centre for Disease Prevention and Control, nearly 2.5 million individuals in Europe had infected with HIV in 2020. The COVID-19 cases have been recorded in the European countries, including the United Kingdom, Spain, Germany, Italy, and France, and mass testing could be one strategy to combat the pandemic. As a result of the pandemic, numerous government agencies are focusing on mass COVID-19 testing and implementing a number of measures to increase the rate of testing in their respective countries.

Increased use of modern infrastructure, the number of diagnostic facilities, and public awareness are all likely to boost the market in the area, contributing to the region’s extraordinary share of the global market revenue throughout the forecast period. In addition, the pandemic had a significant impact on the region, compelling the government to conduct mass screening programs and promote the growth of Europe lateral flow assay market.

Germany accounted for the largest share of the European lateral flow assay market, and it is anticipated to register a significant share during the forecast period. The market is likely to be driven by an increase in the prevalence of respiratory disorders and increased investments in the development of new diagnostics solutions, and the presence of well-established healthcare infrastructure.  

KEY MARKET PARTICIPANTS:

A few of the notable companies operating in the Europe Lateral Flow Assay Market profiled in this report are Alere Inc., F. Hoffmann-La Roche AG, Danaher Corporation, Siemens AG, Becton, Dickinson and Company, bioMérieux SA, Johnson & Johnson, Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., QIAGEN N.V., and PerkinElmer Inc.

1. Introduction                

                1.1 Market Definition  

                1.2 Study Deliverables

                1.3 Base Currency, Base Year and Forecast Periods        

                1.4 General Study Assumptions  

2. Research Methodology                         

                2.1 Introduction             

                2.2 Research Phases    

                                2.2.1 Secondary Research                                                           

                                2.2.2 Primary Research                                                 

                                2.2.3 Econometric Modelling                                                      

                                2.2.4 Expert Validation                                                  

                2.3 Analysis Design       

                2.4 Study Timeline        

3. Overview                     

                3.1 Executive Summary  

                3.2 Key Inferences       

                3.3 Epidemology            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                  

                4.1 Market Drivers        

                4.2 Market Restraints  

                4.3 Key Challenges       

                4.4 Current Opportunities in the Market            

5. Market Segmentation                            

                5.1 Product      

                                5.1.1 Introduction                                                           

                                5.1.2 Kits & Reagents                                                     

                                5.1.3 Lateral Flow Readers                                                          

                                                5.1.3.1 Digital/Mobile Readers                                  

                                                5.1.3.2 Benchtop Readers                                           

                                5.1.4  Y-o-Y Growth Analysis, By Product                                                              

                                5.1.5  Market Attractiveness Analysis, By Product                                                            

                                5.1.6  Market Share Analysis, By Product                                                              

                5.2 Technique

                                5.2.1 Introduction                                                           

                                5.2.2 Sandwich Assays                                                  

                                5.2.3 Competitive Assays                                                             

                                5.2.4 Multiplex Detection Assays                                                             

                                5.2.5 Y-o-Y Growth Analysis, By Technique                                                          

                                5.2.6 Market Attractiveness Analysis, By Technique                                                        

                                5.2.7 Market Share Analysis, By Technique                                                          

                5.3 Application   

                                5.3.1 Introduction                                                           

                                5.3.2 Clinical/Point-of-Care Testing                                                         

                                                5.3.2.1 Infectious Disease Testing                                            

  5.3.2.1.1 Mosquito-Borne Disease Testing                           

  5.3.2.1.2 Influenza Testing                          

  5.3.2.1.3 Sexually Transmitted Infections                             

  5.3.2.1.4 Hepatitis                           

  5.3.2.1.5 Tuberculosis                    

  5.3.2.1.6 Other Infectious Diseases                         

                                                5.3.2.2 Cardiac Marker Testing                                  

                                                5.3.2.3 Pregnancy & Fertility Testing                                       

  5.3.2.3.1 Pregnancy Testing                        

  5.3.2.3.2 Fertility Testing                              

                                                5.3.2.4 Cholesterol/Lipid Testing                                              

                                                5.3.2.5 Drugs-of-Abuse Testing

                                                5.3.2.6 Other Tests                                         

                                5.3.3 Veterinary Diagnostics                                                       

                                5.3.4 Food Safety & Environment Testing                                                             

                                5.3.5 Drug Development & Quality Testing                                                          

                                5.3.6 Other Applications 

                                5.3.7 Y-o-Y Growth Analysis, By Application                                                         

                                5.3.8  Market Attractiveness Analysis, By Application                                                      

                                5.3.9  Market Share Analysis, By Application                                                       

                5.4  End-User   

                                5.4.1 Introduction                                                           

                                5.4.2 Hospitals and Clinics                                                            

                                5.4.3 Home Care

                                5.4.4 Diagnostic Laboratories                                                     

                                5.4.5 Pharmaceutical                                                     

                                5.4.6 Biotechnology Companies                                                

                                5.4.7 Y-o-Y Growth Analysis, By End User                                                             

                                5.4.8  Market Attractiveness Analysis, By End User                                                          

                                5.4.9  Market Share Analysis, By End User                                                            

6. Geographical Analysis                            

                6.1 Introduction             

                                6.1.1 Regional Trends                                                    

                                6.1.2 Impact Analysis                                                     

                                6.1.3 Y-o-Y Growth Analysis                                                        

                                                6.1.3.1 By Geographical Area                                     

                                                6.1.3.2 By Product                                           

                                                6.1.3.3 By Technique                                     

                                                6.1.3.4 By Application                                    

                                                6.1.3.5 By End User                                        

                                6.1.4  Market Attractiveness Analysis                                                     

                                                6.1.4.1 By Geographical Area                                     

                                                6.1.4.2 By Product                                           

                                                6.1.4.3 By Technique                                     

                                                6.1.4.4 By Application                                    

                                                6.1.4.5 By End User                                        

                                6.1.5  Market Share Analysis                                                      

                                                6.1.5.1 By Geographical Area                                     

                                                6.1.5.2 By Product                                           

                                                6.1.5.3 By Technique                                     

                                                6.1.5.4 By Application                                    

                                                6.1.5.5 By End User                                        

                6.2 U.K   

                6.3 Spain           

                6.4 Germany   

                6.5 Italy             

                6.6 France        

7. Strategic Analysis                      

                7.1 PESTLE analysis       

                                7.1.1 Political                                                     

                                7.1.2 Economic                                                 

                                7.1.3 Social                                                         

                                7.1.4 Technological                                                         

                                7.1.5 Legal                                                          

                                7.1.6 Environmental                                                       

                7.2 Porter’s Five analysis            

                                7.2.1 Bargaining Power of Suppliers                                                        

                                7.2.2 Bargaining Power of Consumers                                                    

                                7.2.3 Threat of New Entrants                                                     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry                                                     

8. Market Leaders' Analysis                       

                8.1 Alere Inc.   &am

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identifying the regions that are still untapped

  • The segment-level analysis in terms of Product, Application, Technique, and End User along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the Europe Market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive pestle Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment

  • Competitive landscape analysis lists out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Europe Lateral Flow Assay Market, By Product, From 2021 to 2026 (USD Billion)

  2. Europe Reader Market, By Region, From 2021 to 2026 (USD Billion)

  3. Europe Kit Market, By Region, From 2021 to 2026 (USD Billion)

  4. Europe Lateral Flow Assay Market, By Application, From 2021 to 2026 (USD Billion)

  5. Europe Clinical Market, By Region, From 2021 to 2026 (USD Billion)

  6. Europe Veterinary Market, By Region, From 2021 to 2026 (USD Billion)

  7. Europe Drug Development Market, By Region, From 2021 to 2026 (USD Billion)

  8. Europe Food Safety Market, By Region, From 2021 to 2026 (USD Billion)

  9. Europe Technique Market, By Region, From 2021 to 2026 (USD Billion)

  10. Europe Competitive Market, By Region, From 2021 to 2026 (USD Billion)

  11. Europe Multiplex Market, By Region, From 2021 to 2026 (USD Billion)

  12. Europe Sandwich Market, By Region, From 2021 to 2026 (USD Billion)

  13. Europe Lateral Flow Assay Market, By End User, From 2021 to 2026 (USD Billion)

  14. Europe Hospitals and Clinics Market, By Region, From 2021 to 2026 (USD Billion)

  15. Europe Home Care Market, By Region, From 2021 to 2026 (USD Billion)

  16. Europe Diagnostic Laboratories Market, By Region, From 2021 to 2026 (USD Billion)

  17. Europe Pharmaceutical Market, By Region, From 2021 to 2026 (USD Billion)

  18. Europe Biotechnology Companies Market, By Region, From 2021 to 2026 (USD Billion)

  19. U.K. Lateral Flow Assay Market, By Product, From 2021 to 2026 (USD Billion)

  20. U.K. Lateral Flow Assay Market, By Application, From 2021 to 2026 (USD Billion)

  21. U.K. Lateral Flow Assay Market, By End User, From 2021 to 2026 (USD Billion)

  22. Germany Lateral Flow Assay Market, By Product, From 2021 to 2026 (USD Billion)

  23. Germany Lateral Flow Assay Market, By Application, From 2021 to 2026 (USD Billion)

  24. Germany Lateral Flow Assay Market, By End User, From 2021 to 2026 (USD Billion)

  25. France Lateral Flow Assay Market, By Product, From 2021 to 2026 (USD Billion)

  26. France Lateral Flow Assay Market, By Application, From 2021 to 2026 (USD Billion)

  27. France Lateral Flow Assay Market, By End User, From 2021 to 2026 (USD Billion)

  28. Italy Lateral Flow Assay Market, By Product, From 2021 to 2026 (USD Billion)

  29. Italy Lateral Flow Assay Market, By Application, From 2021 to 2026 (USD Billion)

  30. Italy Lateral Flow Assay Market, By End User, From 2021 to 2026 (USD Billion)

  31. Spain Lateral Flow Assay Market, By Product, From 2021 to 2026 (USD Billion)

  32. Spain Lateral Flow Assay Market, By Application, From 2021 to 2026 (USD Billion)

  33. Spain Lateral Flow Assay Market, By End User, From 2021 to 2026 (USD Billion)

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