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Title Lateral Flow Assays Market Demand, Segmentation, Recent Trends, Strategies and Forecast to 2026
URL https://www.marketsandmarkets.com/Market-Reports/lateral-flow-assay-market-167205133.html
Category Fitness Health --> Health Articles
Meta Keywords Lateral Flow Assays Market
Meta Description Lateral Flow Assays Industry Size, Lateral Flow Assays Market Share, Lateral Flow Assays Market Growth
Owner Healthcare101
Description
The Global Lateral Flow Assays Market is projected to reach USD 12.6 billion by 2026, at a CAGR of 2.0% during the forecast period. The high prevalence of infectious diseases worldwide, rapid growth in the geriatric population, growing demand for point-of-care testing, and rising use of home-based lateral flow assay devices are the major factors driving the growth of this market. On the other hand, reluctance among doctors and patients to change existing diagnostic procedures and the low accuracy of lateral flow assays are the key restraints.