Abbott Laboratories is one of the leading American health care company situated in Illinois, United States. Abbott has an extensive range of branded medical devices, generic pharmaceuticals, diagnostics, and nutrition products.
In 2017, Abbott Laboratories collaboration with Alere company to develop a reliable, diagnostics, diverse portfolio of devices, nutritionals, and branded generic pharmaceuticals.
In 2018, F. Hoffmann-La Roche AG released Elecsys CSF immunoassays (LFIA)
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Market Data Forecast published a report named Lateral Flow Assay Market. The Global Lateral Flow Assay Market Size has estimated to reach at 8.2% CAGR from 2018 to 2023, and it has determined that the global market worth was USD 6.51 billion in 2018 and it was expected to reach USD 9.65 billion by 2023.
Report segmented as:
- Clinical (Pregnancy, Infectious Disease, Lipid, Cardiac Marker)
- Drug Development
- Food Safety
Aspects such as technological progressions and rising product acceptance are likely to drive the global lateral flow assay market. However, strict regulation and inconsistency in test results have expected to detain the global lateral flow assay market.
Based on geography, the market divided under many countries namely, North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa. North America and Europe have to lead the Lateral Flow Assay Market, and Asia-Pacific estimated to reach the highest rate.
Key market players:
- Hoffmann-La Roche AG (Switzerland)
- Abbott Laboratories (US)
- Siemens AG (Germany)
- Danaher Corporation (US)
- Dickinson and Company (US)
- Bio-Rad Laboratories, Inc. (US)
- bioMérieux SA (France)
- QIAGEN N.V. (The Netherlands)
- Thermo Fisher Scientific Inc. (US)
- Hologic, Inc. (US)
- PerkinElmer, Inc. (US)
- Quidel Corporation (US)
- Merck Millipore (US)
- DCN Diagnostics (US)
- Abcam plc. (US)
- Surmodics, Inc. (US)
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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