The Lateral Flow Assays industry is expected to grow significantly in the near future due to the increasing demand for rapid, portable, and easy-to-use diagnostic tests. Lateral flow assays have already proven to be valuable in a variety of applications, including medical diagnostics, food safety testing, environmental monitoring, and drug testing, among others.
Lateral flow assays are rapid diagnostic tests used to detect the presence of a specific analyte in a sample. The assay consists of a lateral flow strip that contains reagents that react with the target analyte in the sample.
Lateral flow assay techniques are increasingly preferred for disease diagnosis due to their ability to detect symptoms in the early stages.
In July 2020, Merck KGaA (Germany) announced its expansion of a new manufacturing facility worth USD 21 million in Buchs (Switzerland).
“North America accounted for the largest share of the lateral flow assays market in 2020”
"North America accounted for the largest share of the lateral flow assays market in 2020"
Lateral Flow Assays Market by Application (Clinical Testing (Pregnancy, Infectious Diseases (Mosquito, Influenza, STI, Hepatitis, TB) Cardiac Marker Lipid Test) Veterinary, Food Safety), Product, Technique, End User - Global Forecast to 2025
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