The Lateral Flow Assay Test Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
New York, NY -- (SBWIRE) -- 03/03/2017 -- Lateral Flow Assay Test Market: Drivers and Challenges
Lateral flow assay test market is expected to witness positive growth owing to higher prevalence of infectious and communicable diseases and increased use rapid testing in home care settings. Apart from this, increasing geriatric population, rising use of lateral flow assay in clinical laboratory practice, increased chronic diseases, and technology up gradation perhaps positively impact the growth of lateral flow assay test market over the forecasted period. However increased regulations, inconsistency in test results may pose restrain to the lateral flow assay market growth over forecasted period.
Global lateral flow assay test market is highly competitive with the strong presence of global players which are focusing on newer technologies to gain significant market share. With the advent of newer technologies in the given market which is expected to prompt the patients from using laboratory facilities to point of care (POC) tests may change the market dynamics over a given period of forecast. Merging of small lab chains into big chains proves to be concentration of revenues from small players to big players. By application segments, clinical laboratories in the global lateral flow assay test market are expected to grow in positive traction owing to higher prevalence of acute and chronic diseases.
Lateral Flow Assay Test Market: Regional Overview
Geographically, lateral flow assay test market is classified into regions viz. North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe will remain key markets for lateral flow assay test market due to higher demand for decentralised laboratory test and presence of highly evolved health care system will boost this market significantly. Asia Pacific is anticipated to register positive growth owing to governmental initiatives, improved healthcare infrastructure, and increased demand for quality care at affordable price.
Lateral Flow Assay Test Market: Market: Key Players
Some of the key players in the Global lateral flow assay test market are F. Hoffmann-La Roche AG, Alere, Inc., Danaher Corporation, Abbott Laboratories, Inc., Bio-Rad Laboratories, Johnson & Johnson, Thermo Fisher Scientific, Inc.
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