The market for Lateral Flow Assay (LFA) components was valued at USD 490.8 Million in 2021 and is anticipated to grow at a 4.1% revenue CAGR over the next five years. Major factors influencing market revenue growth include the rising adoption of lateral flow assay devices in domestic settings for the early detection and diagnosis of infectious diseases, expanding technological advancements in product design of lateral flow assay components, and rising prevalence of infectious diseases globally.

The report covers historical revenue and sales volume, and the data is further validated to provide a forecast market estimation of the market size and sales numbers for key regions along with types and end-user applications. Moreover, the report also includes macroeconomic factors and regulatory policies pertaining to the Lateral Flow Assay Components industry for evaluation and predictive analysis. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario. 

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Competitive Outlook: The leading companies operating in the Lateral Flow Assay Components market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Lateral Flow Assay Components Market and Profiled in the Report are:

Merck KGaA, Danaher Corporation, Sartorius Stedim Biotech, Abbott., Advanced Microdevice Pvt. Ltd., Ahlstrom-Munksjö., Nupore Filtration, DCN Diagnostics., Ballya Bio., and PerkinElmer Inc.

Objectives of the Report:

Study of the global Lateral Flow Assay Components market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Lateral Flow Assay Components market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Lateral Flow Assay Components market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Lateral Flow Assay Components market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

• Product Type Outlook (Revenue, USD Million; 2019-2030)

  • Pads
  • Membranes
  • Lateral Flow Test Strips & Readers
  • Others

• Technique Outlook (Revenue, USD Million; 2019-2030)

  • Sandwich Assays
  • Multiplex Detection Assays
  • Competitive Assays

• Application Outlook (Revenue, USD Million; 2019-2030)

  • Clinical Testing
  • Food Safety & Environmental Testing
  • Drug Development & Quality Testing
  • Others

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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