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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.

The increased incidence of infectious diseases, the rapidly aging population, rising need for point-of-care testing, and home-based lateral flow assay equipment propel the European lateral flow assay market forward. Because point-of-care testing devices are quick, easy, and portable, they provide quicker findings, which leads to better patient outcomes. Increasing usage of lateral flow assay kits, benefits of LFA-based rapid tests over laboratory testing, growing acceptance of smart devices contribute to the overall growth of the Europe lateral flow assays market. The pandemic has had a positive impact on the lateral flow assays market since the necessity for rapid diagnosis of coronavirus infection has been a priority since the epidemic began. Despite significant advancements in sanitation and medicine, infectious illness incidence remains high across the region. As a result, lateral flow tests have advanced quickly and are now often utilized at point-of-care and diagnostic settings. In addition to infectious disease detection, heart disease diagnostics, and veterinary applications, lateral flow tests have lately acquired an interest in several new fields.

The industry has also benefited from technological developments in the field of lateral flow assays (LFA). Novel signal amplification techniques, the introduction of new labels, better quantification systems, and simultaneous detection have all been important advancements in LFA development in recent years. During the forecast period, increased government participation in controlling infectious disease outbreaks and increasing awareness programs to improve the spread of infections, diagnosis, and prevention and the launch of diagnosis systems in-home care settings are expected to contribute to the market's growth in Europe. Infectious illnesses remain a major public health issue, even though non-communicable diseases are the primary cause of morbidity and mortality. This factor will be a significant driver of the Europe lateral flow assay market in the foreseeable future.

Consumer’s reluctance to switch from traditional diagnostic tests to advanced methods and the installation of a substantial amount of excise duty on the trading of medical equipment is likely to restrict the market growth. In addition, the restricted reimbursements for lateral flow test products are one of the major challenges facing the lateral flow assays market. In this region, lateral flow assay-based diagnostic diagnostics have seen limited acceptance due to reimbursement problems.

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 European market held the second-largest share in the market. It will remain a key market for the lateral flow assay test market because of the high demand for decentralized laboratory tests. In addition, the presence of a highly evolved health care system is significantly boosting this market. Because of the rising incidence of HIV/AIDS and other infectious illnesses in Europe, the market is expected to develop rapidly. In 2020, over 2.5 million people in Europe were infected with HIV, according to the European Centre for Disease Prevention and Control. Greater use of modern infrastructure, the number of diagnostic facilities, and increased public awareness are all expected to drive the market in the area, adding to the region's exceptional proportion of worldwide market revenue during the projected period. The epidemic severely affected the region, forcing the government to implement mass screening programs, boosting the region's market growth.

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 to also identify the regions that are still untapped
  • 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 extensivePESTLE Analysis
  • Study the micro environment 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 listing 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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