| Title | Lateral Flow Assays Market worth $22.6 billion | MarketsandMarkets |
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| URL | https://www.prnewswire.com/news-releases/lateral-flow-assays-market-worth-22-6-billion--marketsandmarkets-301746123.html#:~:text=Lateral%20Flow%20Assays%20 |
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| Category | Fitness Health --> Health Articles |
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| Meta Keywords | Lateral Flow Assays Market |
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| Meta Description | Lateral Flow Assays Industry Size, Lateral Flow Assays Market Share, Lateral Flow Assays Market Growth |
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| Owner | Healthcare101 |
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| Description |
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| Lateral Flow Assays Market in terms of revenue was estimated to be worth $20.5 billion in 2022 and is poised to reach $22.6 billion by 2027, growing at a CAGR of 2.0% from 2022 to 2027 according to a new report by MarketsandMarkets™. The increasing demand of lateral flow assays due to increase in prevalence of infectious disease, increasing number of geriatric populations in many countries, 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. |
