According to Value Market Research, the global Lateral Flow Immunoassay Reader Market report driven by the high demand for rapid test readers that are simple to use, economical, and highly effective in obtaining non-subjective diagnostic test results at hospitals, laboratories, clinics, and other point-of-care locations is the primary stimulant for the growth of this market. The ability to integrate these readers with a mobile device will be a market booster. The broad spectrum of testing capabilities provided by these readers and easy integration with LIS and EMR databases will benefit market growth. The use of these devices in various other sectors like forensics, veterinary, food testing, and environmental protection will further enhance the market growth. The growing popularity of immunoassay for diagnostic tests in developing countries due to its affordability, sensitivity, user-friendliness, robustness, rapid testing, and deliverability will boost the market growth. High investment costs and lack of accuracy are a few barriers hampering the development of this market.
The major players in the lateral flow immunoassay reader market include Abbott, Abingdon, QIAGEN, BD Company, Axxin, LRE Medical, Detekt Biomedical, Chembio Diagnostics, Quidel Corporation, Trinity Biotech, Magnasense.
Lateral Flow Immunoassay Reader Market Segmentation
By Type
- Digital/Mobile Readers
- Benchtop Readers
By Application
- Hospitals & Clinics
- Home Care
- Diagnostic Laboratories
- Pharmaceutical & Biotechnology Companies
- Others
Source: https://www.valuemarketresearch.com/report/lateral-flow-immunoassay-reader-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.