The Lateral Flow Assays Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Lateral Flow Assays Market?
The global market for lateral flow assays has seen substantial growth in the past few years. The market size increased from $11.69 billion in 2024 to $12.39 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Lateral Flow Assays Industry?
The Lateral Flow Assays Global Market size is expected to reach $17.88 billion in 2029, with a compound annual growth rate (CAGR) of 9.6%.
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What are the Key Growth Drivers Fueling the Lateral Flow Assays Market?
The key drivers in the lateral flow assays market are:
• Expanding applications in disease detection
• The adoption of lateral flow assays in home testing kits
• The expansion in veterinary diagnostics
• Development and use of multiplex assays in the sector
• Increased use in food and environmental testing
Global Market Segmentation: Identifying Major Lateral Flow Assays Industry Segments
The lateral flow assays market covered in this report is segmented –
1) By Type: Kits And Reagents, Lateral Flow Readers
2) By Technique: Sandwich Assays, Competitive Assays, Multiplex Detection Assays
3) By Application: Veterinary Diagnostics, Clinical Or Point-Of-Care Testing, Drug Development And Quality Testing, Other Applications
4) By End-User: Hospitals And Clinics, Diagnostic Laboratories, Home Care Settings, Pharmaceutical And Biotechnology Companies, Other End Users
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What are the Emerging Trends Shaping the Future of the Lateral Flow Assays Market?
The key trends in the lateral flow assays market are:
• The application of lateral flow assays in personalized medicine and home testing is a notable emerging trend.
• Evolution of manufacturing techniques in the sector is gaining momentum.
• Lateral flow assays are anticipated to be used increasingly in environmental and food safety testing.
• The focus on cost-effectiveness in applications is another significant upcoming trend.
Who Are the Top Competitors & Leading Players in the Lateral Flow Assays Market?
Major companies in the lateral flow assays market are:
• Siemens AG
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
• Danaher Corporation
• Merck KGaA
• Hologic Inc.
• BioMérieux SA
• PerkinElmer Inc.
• Quidel Corporation
• Bio-Rad Laboratories Inc.
• Roche Holding AG
• QIAGEN N.V.
• OraSure Technologies Inc.
• Meridian Bioscience Inc.
• DiaSorin S.p.A.
• Molbio Diagnostics
• Trinity Biotech
• Chembio Diagnostics Inc.
• Coris BioConcept
• HYCOR Biomedical
• Diagnostic BioSystems GmbH
• Express Diagnostics Ltd.
• Fujirebio Diagnostics Inc.
• Innova Diagnostics Inc.
• Leadtec Diagnostics Inc.
• S&D Diagnostics Inc.
• Standard Diagnostics Inc.
• V-Chek Diagnostics
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the lateral flow assays market in 2024
