Global Universal Lateral Flow Assay (LFA) Kits Market By Type (Customized Specifications, and General Specifications), By Application (Sandwich FLA, and Point-of-care Testing), By Country, and Manufacture – Industry Segment, Competition Scenario and Forecast by 2030

Category: Healthcare
Published On: 31 March, 2021
Pages: 156
Report Code: GR - 51625
Formats: PDF, Excel

KEY MARKET INSIGHTS

This report covers COVID-19 impact analysis on Global Universal Lateral Flow Assay (LFA) Kits Market By Type (Customized Specifications, and General Specifications), By Application (Sandwich FLA, and Point-of-care Testing), By Country, and Manufacture – Industry Segment, Competition Scenario and Forecast by 2030

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Market Insights 

The worldwide market for lateral flow tests has increased in demand for COVID because of this pandemic. To be frank, laboratory analyzing patient samples is better when performed on the universal lateral assay system. It has thus risen to popularity in the global market because it is more compact, and simple to operate, resulting in less training requirements. because of its emphasis on those who also do not have health insurance, those factors make it an important outside community resource for uninsured patients Also, the target of countries seeking to increase their demographics is more lucrative for those who roll out mass screening systems. The use of standardized lateral assay kits in mass screening systems is increasing in countries such as Slovakia and the United Kingdom. LFDVISA test: For instance, the same purpose, commercial and non-profit organisations worldwide have developed lateral flow immunoassay (LFD) testing for CO19 infections. Since the UK government has agreed to an elevated degree of mass research, this is most assuredly expected to occur. Its popularity in healthcare stems from its ability to measure several different proteins and small batch size, as well as its affordability, its small size, and fast turn around time, and high accuracy. the recently formed COVID-19 Antigens recognise the existence of particular viral proteins, whether they are membrane-bound, endotoxin, or single- or double-nucleic acid-peptide antigens are conjugated. Reverse transcriptase polymerase rechain (RT-PC-LFDN) results in transcript results occurring within ten to fifteen to thirty minutes. 

Assay innovations in lateral flow systems furthers the development of the global industry 

It is used to allow sandwich immunoassays to be produced easily and rapidly. Thus, this stimulates the research and production of point-of-of-care (POC) diagnostic devices, making them widely available to doctors for on-the-the-spot, accelerating the early diagnosis of illness. The overall demand for POC testing and the rise in the prevalence of infectious diseases have caused the industry to be responsive to the invention of lateral assay kits. The new universal lateral flow testing kit is engaging the researchers in R&D, prompting the creation of simple diagnostic instruments, and accelerating the research and development of more accessible testing methods for less-developed nations. For instance, Sygnus AG revealed the development of a new product backed by the latest lateral flow test technologies. Newly introduced Lightning-Link and InnovaCoat GOLD antibody kits reduce the amount of hands-on time required to mere minutes, which allows customers to produce lateral-flow tests without the need for spray-down antibodies. Equipped with robust support for electronics, the consumer will provide their individualized lateral assay in a short time period.

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2016 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2016 – 2018

Unit

  Value (US$)

Segmentation

Market by Type -

  • Customized Specifications
  • General Specifications
 

Market by Application-

  • Sandwich FLA
  • Point-of-care Testing

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  • Thermo Fisher Scientific
  • PerkinElmer, Inc.
  • Bio-Rad Laboratories
  • Hologic, Inc.
  • Becton, Dickinson and Company
  • Milenia Biotec GmbH
  • Others

FAQs

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Table Of Contents

  1. Introduction
    • Scope of The Study
    • Market Segmentation
      • Universal Lateral Flow Assay Kits Market - By Type
      • Universal Lateral Flow Assay Kits Market - By Application
      • Universal Lateral Flow Assay Kits Market - By Country
  2. Key Takeaways
  3. Research Methodology
  4. Universal Lateral Flow Assay Kits Market and scape
    • Overview
    • Pest Analysis
    • Ecosystem Analysis
  5. Universal Lateral Flow Assay Kits Market - Key Market Dynamics
    • Key Market Drivers
    • Key Market Restraints
    • Key Market Opportunities
    • Future Trends
    • Impact Analysis of Drivers and Restraints
    • Impact of Covid-19 Pandemic on Global Universal Lateral Flow Assay Kits Market
  6. Universal Lateral Flow Assay Kits Market - Global Market Analysis
    • Universal Lateral Flow Assay Kits Market - Global Market Overview
    • Universal Lateral Flow Assay Kits Market - Global Market and Forecast To 2027
    • Market Positioning/Market Share
  7. Universal Lateral Flow Assay Kits Market - Revenue and Forecasts To 2027 – Type
    • Overview
    • Type Market Forecasts and Analysis
      • Customized Specifications
      • General Specifications
  8. Universal Lateral Flow Assay Kits Market - Revenue and Forecasts To 2027 – Application
    • Overview
    • Application Market Forecasts and Analysis
      • Sandwich FLA
      • Point-of-care Testing
  9. Universal Lateral Flow Assay Kits Market Revenue and Forecasts To 2027 – Geographical Analysis
    • North America
      • North America Universal Lateral Flow Assay Kits Market Overview
      • North America Universal Lateral Flow Assay Kits Market Forecasts and Analysis
      • North America Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Type
      • North America Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Application
      • North America Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Countries
        • United States Universal Lateral Flow Assay Kits Market
          • United States Universal Lateral Flow Assay Kits Market By Type
          • United States Universal Lateral Flow Assay Kits Market By Application
        • Canada Universal Lateral Flow Assay Kits Market
          • Canada Universal Lateral Flow Assay Kits Market By Type
          • Canada Universal Lateral Flow Assay Kits Market By Application
    •  Europe
      • Europe Universal Lateral Flow Assay Kits Market Overview
      • Europe Universal Lateral Flow Assay Kits Market Forecasts And Analysis
      • Europe Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Type
      • Europe Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Application
      • Europe Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Countries
        • Germany Universal Lateral Flow Assay Kits Market
          • Germany Universal Lateral Flow Assay Kits Market By Type
          • Germany Universal Lateral Flow Assay Kits Market By Application
        • France Universal Lateral Flow Assay Kits Market
          • France Universal Lateral Flow Assay Kits Market By Type
          • France Universal Lateral Flow Assay Kits Market By Application
        • Italy Universal Lateral Flow Assay Kits Market
          • Italy Universal Lateral Flow Assay Kits Market By Type
          • Italy Universal Lateral Flow Assay Kits Market By Application
        • Spain Universal Lateral Flow Assay Kits Market
          • Spain Universal Lateral Flow Assay Kits Market By Type
          • Spain Universal Lateral Flow Assay Kits Market By Application
        • UK Universal Lateral Flow Assay Kits Market
          • UK Universal Lateral Flow Assay Kits Market By Type
          • UK Universal Lateral Flow Assay Kits Market By Application
        • Rest of Europe Universal Lateral Flow Assay Kits Market
          • Rest of Europe Universal Lateral Flow Assay Kits Market By Type
          • Rest of Europe Universal Lateral Flow Assay Kits Market By Application
    •  Asia-Pacific
      • Asia-Pacific Universal Lateral Flow Assay Kits Market Overview
      • Asia-Pacific Universal Lateral Flow Assay Kits Market Forecasts And Analysis
      • Asia-Pacific Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Type
      • Asia-Pacific Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Application
      • Asia-Pacific Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Countries
        • China Universal Lateral Flow Assay Kits Market
          • China Universal Lateral Flow Assay Kits Market By Type
          • China Universal Lateral Flow Assay Kits Market By Application
        • India Universal Lateral Flow Assay Kits Market
          • India Universal Lateral Flow Assay Kits Market By Type
          • India Universal Lateral Flow Assay Kits Market By Application
        • Japan Universal Lateral Flow Assay Kits Market
          • Japan Universal Lateral Flow Assay Kits Market By Type
          • Japan Universal Lateral Flow Assay Kits Market By Application
        • Australia Universal Lateral Flow Assay Kits Market
          • Australia Universal Lateral Flow Assay Kits Market By Type
          • Australia Universal Lateral Flow Assay Kits Market By Application
        • South Korea Universal Lateral Flow Assay Kits Market
          • South Korea Universal Lateral Flow Assay Kits Market By Type
          • South Korea Universal Lateral Flow Assay Kits Market By Application
        • Rest of Asia Pacific Universal Lateral Flow Assay Kits Market
          • Rest of Asia Pacific Universal Lateral Flow Assay Kits Market By Type
          • Rest of Asia Pacific Universal Lateral Flow Assay Kits Market By Application
    • Middle East & Africa
      • Middle East & Africa Universal Lateral Flow Assay Kits Market Overview
      • Middle East & Africa Universal Lateral Flow Assay Kits Market Forecasts And Analysis
      • Middle East & Africa Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Type
      • Middle East & Africa Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Application
      • Middle East & Africa Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Countries
        • South Africa Universal Lateral Flow Assay Kits Market
          • South Africa Universal Lateral Flow Assay Kits Market By Type
          • South Africa Universal Lateral Flow Assay Kits Market By Application
        • Saudi Arabia Universal Lateral Flow Assay Kits Market
          • Saudi Arabia Universal Lateral Flow Assay Kits Market By Type
          • Saudi Arabia Universal Lateral Flow Assay Kits Market By Application
        • UAE Universal Lateral Flow Assay Kits Market
          • UAE Universal Lateral Flow Assay Kits Market By Type
          • UAE Universal Lateral Flow Assay Kits Market By Application
        • Rest of Middle East & Africa Universal Lateral Flow Assay Kits Market
          • Rest of Middle East & Africa Universal Lateral Flow Assay Kits Market By Type
          • Rest of Middle East & Africa Universal Lateral Flow Assay Kits Market By Application
    • South America
      • South America Universal Lateral Flow Assay Kits Market Overview
      • South America Universal Lateral Flow Assay Kits Market Forecasts And Analysis
      • South America Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Type
      • South America Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Application
      • South America Universal Lateral Flow Assay Kits Market Forecasts and Analysis - By Countries
        • Brazil Universal Lateral Flow Assay Kits Market
          • Brazil Universal Lateral Flow Assay Kits Market By Type
          • Brazil Universal Lateral Flow Assay Kits Market By Application
        • Argentina Universal Lateral Flow Assay Kits Market
          • Argentina Universal Lateral Flow Assay Kits Market By Type
          • Argentina Universal Lateral Flow Assay Kits Market By Application
        • Rest of South America Universal Lateral Flow Assay Kits Market
          • Rest of South America Universal Lateral Flow Assay Kits Market By Type
          • Rest of South America Universal Lateral Flow Assay Kits Market By Application
  10. Industry Landscape
    • Mergers and Acquisitions
    • Agreements Collaborations and Join Ventures
    • New Type Launches
    • Expansions and Other Strategic Developments
  11. Universal Lateral Flow Assay Kits Market and Key Company Profiles
    • Thermo Fisher Scientific
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • PerkinElmer, Inc.
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Bio-Rad Laboratories
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Hologic, Inc.
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Becton, Dickinson and Company
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Milenia Biotec GmbH
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Others
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
  12. Appendix
    • About GlobeResearch
    • Glossary of Terms

 

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2016 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2016 – 2018

Unit

  Value (US$)

Segmentation

Market by Type -

  • Customized Specifications
  • General Specifications
 

Market by Application-

  • Sandwich FLA
  • Point-of-care Testing

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  • Thermo Fisher Scientific
  • PerkinElmer, Inc.
  • Bio-Rad Laboratories
  • Hologic, Inc.
  • Becton, Dickinson and Company
  • Milenia Biotec GmbH
  • Others

FAQs

Methodology

Research Methodology

Globe Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives. Critical elements of methodology employed for all our studies include:

Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of technology landscape, regulatory frameworks, economic outlook and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

    • Market drivers and restrains, along with their current and expected impact
    • Raw material scenario and supply v/s price trends
    • Regulatory scenario and expected developments
    • Current capacity and expected capacity additions up to 2027

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

Primary validation

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation, but also provide critical insights into the market, current business scenario and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:

    • Market leading companies
    • Raw material suppliers
    • Product distributors
    • Buyers

The key objectives of primary research are as follows:

    • To validate our data in terms of accuracy and acceptability
    • To gain an insight in to the current market and future expectations

Data Collection Matrix

Perspective

Primary research

Secondary research

Supply side

  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data

Demand side

  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Industry Analysis Matrix

Qualitative analysis

Quantitative analysis

  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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