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Pulished Date April, 2021
ID: 4825
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North America Lateral flow assay Market Research Report – Segmented By Product, Application, Technique, End User, and country (United States, Canada and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast | 2021 to 2026

Pulished: April, 2021
ID: 4825
Pages: 145

North America Lateral Flow Assay Market Size (2021 to 2026)

As per the research report, the North America Lateral Flow Assay Market size has been calculated at USD 2.66 billion in 2021. It is further expected to grow and be worth USD 3.82 billion by 2026, showcasing a CAGR of 7.54% between 2021 to 2026.

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 North American lateral flow assay market is projected to be fueled by the proliferation of infectious and contagious diseases and an increase in the utilization of rapid testing in-home care settings. 

Other factors such as the aging population, increased use of lateral flow assay in clinical laboratory practice, an increase in chronic conditions, and technical advancements are expected to drive the market growth during the forecast period.

However, the increase in demand for point-of-care testing is expected during the forecast period in the North America lateral flow assay market. Because point-of-care testing devices are rapid, simple, and portable, they give faster results, leading to better patient outcomes.

Furthermore, more new products with better technology have been introduced as a result of the rising demand for point-of-care testing equipment. Therefore, the increased use of lateral flow assays and the growing demand for lateral flow tests in the food and beverage industry provide significant potential possibilities for companies in the lateral flow assays market. In addition, technological advancements and a surge in lateral flow assay procedures in clinical diagnostics present appealing market potential opportunities.

However, the increased regulations and inconsistent test results are hampering the North American Lateral flow assay market growth. 

This research report on the North American 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: 

  • The United States

  • Canada

  • Rest of North America

In 2020, The North America lateral flow assay market had the highest share globally, and this trend was expected to continue during the forecast period, owing to an increase in the prevalence of infectious diseases such as Lyme disease, tuberculosis and an elevated death rate connected to AIDS in the region. Additionally, due to government funding and assistance, the present COVID- 19 epidemic has boosted spending in research and innovation in the lateral flow assays industry in the region. Therefore, this region is predicted to have the greatest share of the lateral flow assays market throughout the forecast period due to these factors.

In the regional market, the United States dominated the North America Lateral flow assay market, and it is likely to continue its dominance throughout the forecast period. The lateral flow assays market in the United States is expected to give excellent growth possibilities due to the country’s multiple large hospitals and health systems, changing laws, and the country’s aging population. Furthermore, the US is home to the vast majority of global players, making it a center of lateral flow assays innovation. According to a report released by the US Department of Health and Human Services in January 2020, 37.832 people in the United States were diagnosed with HIV in 2018, and 38,000 new HIV infections are still occurring in the country. It has also been claimed that numerous infectious disorders, such as meningitis and urinary tract infections, are spreading rapidly, needing urgent diagnosis, demanding fast diagnostic testing devices fueling the North America lateral flow assay market. Furthermore, factors such as increased adoption of advanced infrastructure, the number of diagnostic facilities, and enhanced public awareness are likely to boost the market in the area, increasing its already impressive share of global market revenue.

Companies playing a dominant role in the North America 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 United States     

                6.3 Canada  

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.   

                                8.1.1 Overview                                                 

                                8.1.2 Product Analysis                                                   

             &

  • 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 identify 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 North America 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 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. North America Lateral Flow Assay Market, By Product, From 2021 to 2026 (USD Billion)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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