Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technique Type;

Competitive Assay, Sandwich Assay, and Multiplex Detection Assay.

By Application;

Infectious Disease, Pregnancy And Fertility, Toxicology, Cardiac Marker, And Cholesterol Testing, Other Applications.

By End User;

Hospital & Clinic, Diagnostic laboratory, Home Care and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn514453560 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market (USD Million), 2021 - 2031

In the year 2023, the Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market was valued at USD 5,901.39 million. The size of this market is expected to increase to USD 9,607.30 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.

Lateral flow immunoassays (LFIAs) are a type of simple, low-cost diagnostic device widely utilized for detecting the presence of specific antigens or antibodies in a sample, making them invaluable in point-of-care testing. These tests have gained prominence due to their rapid turnaround time, minimal need for specialized equipment, and ease of use, which facilitate quick decision-making and timely medical intervention. The COVID-19 pandemic has notably accelerated the adoption and development of LFIA-based rapid tests, highlighting their crucial role in managing infectious diseases by enabling widespread testing and screening. Beyond infectious diseases, LFIAs are employed in diverse applications, including pregnancy testing, drug abuse screening, and monitoring chronic conditions like diabetes and cardiovascular diseases.

The versatility and accessibility of LFIA-based rapid tests are key factors propelling market growth. The demand is particularly high in resource-limited settings and remote areas where access to sophisticated laboratory infrastructure is limited. Furthermore, the integration of advanced technologies, such as digital readers and smartphone-based applications, is enhancing the accuracy, sensitivity, and usability of these tests, broadening their application scope and acceptance among healthcare providers and patients alike. Regulatory support and favorable policies promoting the development and deployment of rapid diagnostic tests are also fostering market expansion. Companies are investing heavily in research and development to innovate and improve the performance of LFIA-based tests, addressing current limitations such as sensitivity and specificity issues.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technique Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand for Rapid Diagnostics

        2. Technological Advancements

        3. Point-of-Care Growth

      2. Restraints
        1. Sensitivity and Specificity Issues

        2. Regulatory Challenges

        3. Competition from Alternatives

      3. Opportunities
        1. Emerging Markets Expansion

        2. Integration with Technology

        3. Home Testing Kits

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, By Technique Type, 2021 - 2031 (USD Million)
      1. Competitive assay
      2. Sandwich assay
      3. Multiplex detection assay
    2. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, By Application, 2021 - 2031 (USD Million)
      1. Infectious Disease
      2. Pregnancy And Fertility
      3. Toxicology
      4. Cardiac Marker
      5. Cholesterol Testing
      6. Other Applications
    3. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, By End User, 2021 - 2031 (USD Million)
      1. Hospital & clinic
      2. Diagnostic laboratory
      3. Home care
      4. Others
    4. Global Lateral Flow Immunoassay (LFIA) Based Rapid Test Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Qiagen N.V
      2. Biomerieux SA
      3. Bio-Rad Laboratories, Inc
      4. Danaher Corporation (Cepheid, Inc.)
      5. Quidel Corporation
      6. Becton Dickinson and Company
      7. Abbott Laboratories (Alere Inc.)
      8. Thermo Fisher Scientific
  7. Analyst Views
  8. Future Outlook of the Market