Transparency Market Research (TMR) recently added a report, titled, “Lateral Flow Assay Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” It states that rising geriatric population and prevalence of infectious diseases is propelling the global market for lateral flow assays.
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Lateral flow assays are unidirectional assays to test the nearness of target analyte. Lateral flow assays are otherwise called strip tests or immunochromatographic assays. These assays are utilized for a scope of analytes ranging from blood proteins to mycotoxins, viral pathogens to bacterial poisons. The primary points ofateral assays is the purpose of-mind (POC) nature of the innovation, extensive variety of uses, speed and relatively negligible cost of the assays. Purpose of care (POC) testing is been utilized as a part of conclusion in clinical investigation, and environment and food safety. Lateral flow assays are widely utilized as a part of a number of applications, including disease testing for infections, pregnancy and fertility testing, heart marker testing, and drugs-of-abuse testing.
Lateral flow tests are of various types, for example, sandwich assay, multiplexed lateral flow assay and competitive assays. Sandwich assay is a positive test indicated by the nearness of a shaded line at the test line position. Competitive assay is a positive test indicated to by the nonappearance of a hued line at the test line position. Both sandwich and competitive assays can be created to incorporate at least one test lines.
Factors, for instance, the high prevalence of communicable and infectious diseases, increase in elderly population, surge in demand for locally established lateral flow assay test packs, increment in disposable incomes, and demand for mind testing are driving the development of the worldwide lateral flow assay market. In any case, stringent and tedious administrative regulations for assays, and the unwillingness of individuals towards changing the current therapeutic practices limit the market growth in some ways.
Geographically, North America dominates the global lateral flow assay market due to the high demand for home care services, the early selection of test strategies, and vicinity of substantial number of key players. Additionally, factors such as rise of prevalence of infectious diseases, and the rising utilization of alcohol and drugs make Europe the second-biggest market for lateral flow assays. The market in Asia Pacific is predicted to grow at a high rate over the forthcoming years because of a vast population, rising incomes and a better standard of living, the growing government activities to provide a better social insurance, a critical patient pool, and high awareness among individuals.
Prominent players in the global lateral flow assays market include Hoffmann-La Roche AG, bioMérieux SA, Merck KGaA, Cytodiagnostics, Inc., Siemens AG, Danaher Corporation, and Trinity Biotech plc.