Lateral Flow Reader is a universal mobile analysis device for the qualitative and quantitative analysis of lateral flow assays, immunological rapid tests for diagnostics, especially for point-of-care diagnostics. The tests can originate in multiple fields of application, such as cancer and heart disease diagnostics or drug screening.
Market trend Snapshot
Global Lateral Flow Readers market was valued at 580 million USD in 2019 and projected to reach 707 million USD by 2026, growing at a CAGR of 2.86%. This report provides comprehensive and in-depth analysis and prediction of the Lateral Flow Readers industry.
High prevalence of the infectious disease, rapidly increasing geriatric population, increasing usage of home-based lateral flow readers devices, and growing demand for point-of-care testing are factors that fueling the Lateral Flow Readers market growth. On the other side, reluctance towards changing existing diagnostic practices, the implementation of excise duty on medical devices, and stringent & time-consuming regulatory policies are considered as factors that expected to hinder the market growth.
From Base year 2018 to forecast year 2026
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Key Market Players Profile
Various market pacemakers covered in the report are Abbott, F. Hoffmann-La Roche, Becton, Dickinson and Company, Danaher, Johnson & Johnson, Bio-Rad, Thermo Fisher, Qiagen, Bio-Rad, Thermo Fisher Scientific, Perkinelmer, EMD Millipore, Abcam, and DCN Diagnostics. The report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies, which will help companies create strategies to take advantages of the emerging opportunities in the future. Production and consumption are estimated to continue developing with a stable growth rate during the forecast period. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
North America holds the largest Lateral Flow Readers market share
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
North America dominated the Lateral Flow Readers market with a share of 36.12% and expected to maintain dominance during the forecast period due to rise in demand for home health care, increase in the prevalence of multiple chronic conditions, early adoption of test procedures, and presence of a large number of key players. The Asia Pacific was the second largest market with a share of 32.29% and expected to witness the fastest growth during the predicted years owing to the rapidly developing healthcare industry in China and India, growing geriatric population, rising life expectancy, rising per capita income, increasing investments in the region by key market players, the expansion of private-sector hospitals & clinics to rural areas, the availability of low-cost labor for manufacturing, presence of a favorable regulatory environment, and growing demand for home and POC testing. Europe occupied a share of 25.11% and anticipated to grow at stable speed owing to the rise in the prevalence of infectious diseases and an increase in the consumption of drugs and alcohol.
Lateral Flow Readers Type and Application Sketch
By type
By application
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Lateral Flow Readers Report provides
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Lateral Flow Readers Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Lateral Flow Readers Market by Types
4 Segmentation of Lateral Flow Readers Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Lateral Flow Readers Market in Major Countries
7 North America Lateral Flow Readers Landscape Analysis
8 Europe Lateral Flow Readers Landscape Analysis
9 Asia Pacific Lateral Flow Readers Landscape Analysis
10 Latin America, Middle East & Africa Lateral Flow Readers Landscape Analysis
11 Major Players Profile
11.1 Abbott
11.1.1 Abbott Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 F. Hoffmann-La Roche
11.3 Becton, Dickinson and Company
11.4 Danaher
11.5 Johnson & Johnson
11.6 Bio-Rad
11.7 Thermo Fisher
11.8 Qiagen
11.9 Bio-Rad
11.10 Thermo Fisher Scientific
11.11 Perkinelmer
11.12 EMD Millipore
11.13 Abcam
11.14 DCN Diagnostics
…
Target Audience:
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