The Global Lateral Flow Assays Market Is Expected To Witness A CAGR Of 5.4%

1. Lateral Flow Assays Market Report Id : PMRREP18613 Category : Life Science & Healthcare ©2020 Persistence Market Research, All Rights Reserved

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3. With Innovation Unleashed, The Global Lateral Flow Assays Market Is Expected To Witness A CAGR Of 5.4% From 2026 Technological preferences and advancements in lateral flow assay kits over the years have resulted in reduced hospital visits, which is expected to contribute to the growth of the global lateral flow assay market. Technological improvements, coupled with increasing awareness, are projected to increase the acceptance of lateral flow assay kits globally. Lateral flow assay kits are used for the early-stage diagnosis of diseases. According to the latest research by the company, the global lateral flow assay market is projected to account for over US$ 9.7 Bn in terms of value by the end of 2026. The report further projects a 5.4% growth rate with an increasing average Y-o-Y throughout 2026. The lateral flow assay market is expanding and gaining popularity as these tests are simple and can be performed by the patients themselves. These kits provide faster results within few minutes. The lateral flow assay readers match the sensitivity of Elisa tests and eliminate the possibility of human errors. Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/18613

4. Segmental Insights on the Lateral Flow Assay Market The lateral flow assay kits segment accounted for a revenue share of over 73% in the global lateral flow assay market in 2017. The popularity of kits is also increasing, which is expected to boost the others segment of the lateral flow assay market in the near future. The global lateral flow assay market has been segmented into readers such as ESEQuant LR3 which offer quantitative results and lateral flow assay kits such as dipsticks and cassettes which offer qualitative and visual results. In terms of revenue, the lateral flow assay kits segment of the lateral flow assay market is expected to hold a significant revenue share over the forecast period. Access Full Report @ https://www.persistencemarketresearch.com/checkout/18613