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The global lateral flow immunoassay LFIA based rapid test market size is expected to grow from $10.14 billion in 2022 to $9.19 billion in 2023 at a compound annual growth rate (CAGR) of -9.4%. The global lateral flow immunoassay (LFIA) based rapid test market size is expected to decline to $7.32 billion in 2027 at a CAGR of -5.5%.

Lateral Flow Immunoassay (LFIA) based rapid test is a simple technology-based diagnostic device that is used to determine the presence of a target such as pathogens or biomarkers in samples collected from the human body. These samples may include urine, saliva, blood, sweat and other fluids.

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Lateral Flow Immunoassay LFIA Based Rapid Test Market Driver
The demand for point-of-care testing under home care settings is expected to drive the Lateral Flow Immunoassay (LFIA) Based Rapid Test market. Point-of-care (POCT) testing is essential for rapid on-site diagnosis and treatment. The most important features for current POCT diagnostic systems are a quick analysis time with a test-to-answer format. Lateral flow immunoassays (LFIA) are widely used as POCTs due to their speed and precision, simplicity, and low cost.

Lateral Flow Immunoassay LFIA Based Rapid Test Market Trends
Low sensitivity of Lateral Flow Immunoassay (LFIA) Based Rapid Test is expected to limit the market. The sensitivity of the test is mainly the ability of the test to correctly identify those with the disease, which is low for Lateral Flow Immunoassay (LFIA) Based Rapid Test compared to other methods that may, in some cases, require a re-test for confirmation.

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Major Players And Regions Of The Lateral Flow Immunoassay LFIA Based Rapid Test Market
Major players in the lateral flow immunoassay LFIA based rapid test market are Abbott Laboratories, F. Hoffmann-La Roche, Danaher Corporation, Siemens AG, Becton, Dickinson and Company, bioMérieux, Bio-Rad Laboratories, Thermo Fisher Scientific, QIAGEN NV, and Hologic Inc.

North America was the largest region in the lateral flow immunoassay LFIA based rapid test market in 2022.

Lateral Flow Immunoassay LFIA Based Rapid Test Market Segmentation By The Business Research Company
The global lateral flow immunoassay LFIA based rapid test market is segmented –
1) By Technique: Competitive Assay, Sandwich Assay, Multiplex Detection Assay
2) By End User: Hospital & Clinic, Diagnostic Laboratory, Home Care, Other End Users
3) By Application: Infectious Disease, Pregnancy & Fertility, Toxicology, Other Applications

The Table Of Content For The Lateral Flow Immunoassay LFIA Based Rapid Test Market Include:
1. Lateral Flow Immunoassay LFIA Based Rapid Test Market Executive Summary
2. Lateral Flow Immunoassay LFIA Based Rapid Test Market Segments
3. Lateral Flow Immunoassay LFIA Based Rapid Test Market Size And Lateral Flow Immunoassay LFIA Based Rapid Test Market Growth Rate
4. Key Lateral Flow Immunoassay LFIA Based Rapid Test Market Trends
5. Major Lateral Flow Immunoassay LFIA Based Rapid Test Market Drivers
……
25. Key Mergers And Acquisitions In The Lateral Flow Immunoassay LFIA Based Rapid Test Market
26. Top Lateral Flow Immunoassay LFIA Based Rapid Test Companies
27. Lateral Flow Immunoassay LFIA Based Rapid Test Market Opportunities And Strategies
28. Lateral Flow Immunoassay LFIA Based Rapid Test Market, Conclusions And Recommendations
29. Appendix

The Lateral Flow Immunoassay LFIA Based Rapid Test Market Global Market Report 2023 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the lateral flow immunoassay LFIA based rapid test market.

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