According to the most recent report by Emergen Research, the global market for Lateral Flow Assay (LFA) components had a USD 340.7 Million market value in 2021 and is anticipated to grow at a revenue CAGR of 4.1% over the next five years. Some of the major factors influencing market growth include the rising adoption of lateral flow assay devices in domestic settings for the early detection and diagnosis of infectious diseases, expanding technological advancements in product design of lateral flow assay components, and rising prevalence of infectious diseases worldwide.
Utilizing lateral flow assay-based devices is one method for qualitative and quantitative analysis. LFA is applied to a strip made of numerous pieces and placed on a plastic background. These include the following: nitrocellulose membrane, adsorption pad, conjugate pad, and sample application pad. Additionally, LFA combines biorecognition probes with special chromatographic benefits, and LFA-based strips are available in a number of detection formats. By making wise choices early on, such as choosing the correct type of Nitrocellulose (NC) membrane, LFA growth is kept and maintained, within specs and budget. Another important driver fueling market expansion is the growing usage of lateral flow assay devices for the early identification and diagnosis of infectious diseases.
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Some Key Highlights of the Report
In 2021, the sandwich assay sector had the biggest revenue share. Some of the most widely used paper-based biosensors are sandwich lateral flow assays, which offer a simple, rapid, one-step experiment. A sandwich-based immunostrip, sometimes referred to as a lateral flow strip test, is used to swiftly (within 5–20 minutes) ascertain whether a sample contains the target molecules. This type of test is appropriate for use in the detection and diagnosis of snakebites and can provide guidance to medical practitioners on how to administer antivenom. Due to the fact that smaller molecular weight chemicals do not react as favourably to sandwich arrangement, it is more frequently used for larger molecular weight analytes.
Throughout the projected period, the pads segment is anticipated to contribute at a constant revenue CAGR. The pads on the membrane’s two sides play an equal role in performance. The sample pad can be used for a number of things, but its primary function is to disperse the sample evenly and direct it toward the conjugate pad. To control the sample’s flow rate and get it ready for interaction with the detection system, sample pads are frequently impregnated with buffer salts, proteins, surfactants, and other fluids. Additionally, the sample pad’s pores can be used as a filter to get rid of extraneous substances like red blood cells. The storage of detector particles and maintenance of their functional stability prior to the test are the key responsibilities of the conjugate pad.
Some major companies in the global market report include Merck KGaA, Danaher Corporation, Sartorius Stedim Biotech, Abbott., Advanced Microdevice Pvt. Ltd., Ahlstrom-Munksjö., Nupore Filtration, DCN Diagnostics., Ballya Bio., and PerkinElmer Inc.
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Emergen Research has segmented the global lateral flow assay components market based on product, application, and region:
- Product Type Outlook (Revenue, USD Million; 2019-2030)
- Lateral Flow Test Strips & Readers
- Technique Outlook (Revenue, USD Million; 2019-2030)
- Sandwich Assays
- Multiplex Detection Assays
- Competitive Assays
- Application Outlook (Revenue, USD Million; 2019-2030)
- Clinical Testing
- Food Safety & Environmental Testing
- Drug Development & Quality Testing
- End-Use Outlook (Revenue, USD Million; 2019-2030)
- Medical Device Manufacturing Companies
- Medical Device Contract Manufacturing Companies
Senzo, a leader in point-of-care and self-testing diagnostics, declared on May 31, 2022, that its revolutionary Amplified Lateral Flow (ALF) COVID-19 antigen test is 100 percent accurate. The groundbreaking Amplified Lateral Flow test developed by Senzo is 100% accurate when compared to PCR results, especially at very low viral loads, according to a blind study led by Dr. Thushan de Silva’s team. This finding suggests that PCR testing can detect infection as early as Senzo’s groundbreaking test. In contrast to other at-home ways looking for this degree of performance, Senzo’s ALF does not require any equipment or readers and is still inexpensive and deceptively simple.
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