Market Study on Lateral Flow Assays: Increasing Prevalence of Infectious Diseases to Aid Demand Growth

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Lateral Flow Assays Increasing
Prevalence of Infectious Diseases to Aid Demand
Growth
Report Id PMRREP18613 Category Life Science
Healthcare
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Lateral Flow Assays Increasing
Prevalence of Infectious Diseases to Aid Demand
Growth

• The global lateral flow assay market was valued
  at US 3.7 Bn in 2020, and is projected to
  register a CAGR of 5.1 through 2031. Share of
  lateral flow assays in overall demand for rapid
  diagnostics was around 13 in 2020.
• Lateral flow assay (LFA) kits hold a substantial
  70 market share in 2021, and their popularity
  will continue to be high over the coming years as
  well. As per this detailed lateral flow assay
  industry analysis, global demand for lateral flow
  assay testing kits and components is slated to
  expand 1.7X in value by 2031.

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