Lateral flow tests are primarily used for diagnostics for home testing, laboratory use, and point-of-care testing. The most widely applied and well-known applications of lateral flow testing are home pregnancy testing. Demand for lateral flow testing is increasing due to the increasing adoption of home lateral flow testing kits, growing demand for point-of-care testing and increasing adoption of LFA kits due to their advantages over laboratory tests.

The increasing prevalence of infectious diseases is one of the main drivers of the market. The emergence of diseases such as coronavirus, Zika virus, Ebola and others has increased the purchase of point-of-care testing devices and kits by international organizations such as UNICEF. Additionally, the current COVID-19 pandemic has spurred demand for lateral flow testing. COVID-19 infections diagnosed using tests based on lateral flow tests across the world

Mobile phones provide rapid results in real time, which saves time and reduces the time it takes to notify results. They also allow users to record the time and results of a test. In addition, easy and cost-effective data sharing along with cloud integration has enabled better centralization and analysis of data using online information sharing platforms. This technology allows clinicians or patients in remote areas to image samples that can be used for the diagnosis of tuberculosis and malaria.

• In January 2021, Sensyne Health, based in UK, released MagnifEye, a revolutionary smartphone software that uses deep machine learning and AI to automate the precise interpretation of lateral flow diagnostic tests.

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Key points of the market research

• By product, LFA kits will hold a high 70% share in 2021, increasing at an average single-digit CAGR over the forecast period. The main factors supporting the growing adoption of products in this segment are ease of use, low cost and ease of production.
• As a guide, infectious diseases are expected to hold well over 50% of the market share in 2021 and are expected to continue to grow at a moderate rate in correlation with the increasing prevalence of infectious diseases around the world.
• The high adoption of point-of-care tests for rapid diagnosis in hospitals has led hospital pharmacies to hold a high market share.
• By region, North America held nearly a third of the global market share in 2021. This is attributed to increasing healthcare spending, growing adoption of lateral flow testing and the presence of leading players in the region .

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“Although the COVID-19 pandemic has spurred market growth in 2020, it is expected to be a temporary phase. However, developments such as smartphone readers for LFA will continue to provide fruitful growth opportunities for market players. over the next several years, ”said a Persistence Market Research analyst.

Competition in the market

Some of the leading sidestream assay manufacturers are focusing on product approvals and launches as a key growth strategy for global expansion, thereby strengthening their market presence.

• In June 2021, Bio-Rad Laboratories has announced the release of its PREvalence ddPCR SARS-CoV-2 Wastewater Quantification Kit, which is an accurate, sensitive and cost-effective technique for detecting SARS-CoV-2 infection in wastewater community. The test helps a community determine whether the virus was spread for days or weeks before it was discovered among people.
• In august 2020, Abbott announced that the US FDA has granted Emergency Use Clearance (EUA) for its BinaxNOWTM COVID-19 Ag Card rapid test for detection of COVID-19 infection.
• In august 2017, Beckman coulter has received FDA clearance for the first IVD test providing flow cytometric analysis of leukemia and lymphoma in routine clinical laboratories.

Major market players covered by Persistence Market Research include Abbott Laboratories, bioMérieux SA, Bio-Rad Laboratories Inc., Danaher Corporation, QIAGEN NV, Thermo Fisher Scientific, Inc., Siemens Healthineers, Hologic Inc. and F. Hoffmann-La Roche Ltd. .

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What does the report cover?

Persistence Market Research provides a unique perspective and actionable insights into the Lateral Flow Testing market in its latest study, presenting a historical demand assessment for 2016 – 2020 and projections for 2021 – 2031.

The research study is based on the product (readers {tabletop readers and portable readers}, LFA kits {test strips, strips, cassettes and lancets}), the indication (infectious diseases {diseases transmitted by mosquitoes, infections with streptococci, sexually transmitted diseases, hepatitis, tuberculosis, gastrointestinal and other infections}, pregnancy test and drug addiction test) and distribution channel (hospital pharmacies, retail pharmacies, supermarkets / hypermarkets and e-commerce), in five major regions of the world.

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