Global lateral flow assay test market is highly competitive with the strong presence of global players which are focusing on newer technologies to gain significant market share. With the advent of newer technologies in the given market which is expected to prompt the patients from using laboratory facilities to point of care (POC) tests may change the market dynamics over a given period of forecast. Merging of small lab chains into big chains proves to be concentration of revenues from small players to big players. By application segments, clinical laboratories in the global lateral flow assay test market are expected to grow in positive traction owing to higher prevalence of acute and chronic diseases.
Geographically, lateral flow assay test market is classified into regions viz. North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe will remain key markets for lateral flow assay test market due to higher demand for decentralised laboratory test and presence of highly evolved health care system will boost this market significantly. Asia Pacific is anticipated to register positive growth owing to governmental initiatives, improved healthcare infrastructure, and increased demand for quality care at affordable price.
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Some of the key players in the Global lateral flow assay test market are F. Hoffmann-La Roche AG, Alere, Inc., Danaher Corporation, Abbott Laboratories, Inc., Bio-Rad Laboratories, Johnson & Johnson, Thermo Fisher Scientific, Inc.
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