Lateral Flow Assays Market Size Worth $9.8 Billion By 2028
Lateral Flow Assays Industry Overview The global lateral flow assays market size is expected to reach USD 9.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. Major drivers of the market include an increase in the prevalence of infectious diseases, a rise in government initiatives to curb infectious and chronic diseases, a rise in demand for point of care testing, and strategic mergers and acquisitions. Lateral Flow Assays Market Segmentation Grand View Research has segmented the global lateral flow assays market report on the basis of product, application, technique, end use, and region: Based on the Product Insights, the market is segmented into Kits & Reagents, Lateral Flow Readers. The kits and reagents segment dominated the market for lateral flow assays and accounted for the largest revenue share of 67.8% in 2020. The launch of new kits by major players is antici...