#Global Lateral Flow Assay Components Market Growth

[marketsndata]

[astutemarketresearch]

Lateral Flow Assay Market Overview, Key Players & Growth Forecast 2023 to 2031

Astute Analytica created the Global Lateral Flow Assay Market Research Report based on a thorough understanding of the client’s needs.

This research offers details on the regional and worldwide market conditions as they are right now. This offers insightful information on the world market. This industry analysis report provides specifics on market forces, market constraints, and their impact on market demand going forward. The market research provides a broad overview of this sector.

The Global Lateral Flow Assay Market, analyzed by Astute Analytica, was valued at US$ 9,535.1 Mn in 2022 and is estimated to reach US$ 14,819.4 Mn by 2031. The market is recording a CAGR of 5.3% over the forecast period 2023–2031.

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The report includes data on businesses, app categories, nations, and geographies. These reports include data on trade, investments, sales, and turnover. The impact of COVID-19 on the upstream, midstream, and downstream businesses is examined via market research. This research uses statistics to analyze a number of different aspects of the industry.

The report on the worldwide Lateral Flow Assay Market looks at prospective expansion in various applications and geographical areas. The impact of industry demography and industry growth are examined in this study. The study looks at preferred channels, domain drivers, and market dynamics in emerging markets. There are also restraints in it. Prices, revenues, revenue growth, and production costs were all analyzed.

The elements in this study have the potential to significantly impact market expansion throughout the projected period. Access to the necessary data is made simple by the availability of a market dashboard with all the specifics. There are various components to the Lateral Flow Assay Market Analysis and Future Outlook. This report contains facts and information that can help businesses decide more wisely and increase their return on investment (ROI). CAGR figures are used in this study to quantify changes in or increases in product demand throughout a predicted period.

Leading Companies

Abbott Laboratories

bioMerieux S.A

Bio-Rad Laboratories Inc.

Danaher Corporation

F. Hoffmann-La Roche Ltd.

Hologic Inc.

Merck KGaA

PerkinElmer Inc.

Qiagen N.V.

Quidel Corporation

Siemens Healthineers

Thermo Fisher Scientific, Inc.,

Other Prominent Players

Explore the Full Comprehensive Report Here: https://www.astuteanalytica.com/industry-report/lateral-flow-assays-market

Segmentation Outline

The following are the different segments of the Global Lateral flow assay market:

By Product & Services:

Readers

Bench-top Readers

Hand-held Readers

LFA Kits

Test Strips

Dipsticks

Cassettes

Lancets

By Indications:

Infectious Diseases

Mosquito-borne Diseases

Streptococcus Infections

Sexually Transmitted Diseases

Hepatitis

Tuberculosis

Asthma

Pneumonia

Sepsis

Gastrointestinal Infections

Others

Pregnancy Test

Drug of Abuse Testing

By Technique:

Sandwich Assays

Competitive Assays

Multiplex Detection Assays

By End User:

Hospitals & Clinics

Diagnostics Laboratories

Home Care Settings

Pharmaceuticals & Biotechnology Companies

Other

By Distribution Channel:

Hospital Pharmacies

Retail Pharmacies

Supermarkets/ Hypermarkets

e-Commerce

By Region:

North America

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Middle East & Africa (MEA)

UAE

Saudi Arabia

South Africa

Rest of MEA

South America

Argentina

Brazil

Rest of South America

Important Developments in the Lateral Flow Assay Market:

The report examines manufacturers’ profiles, news, main companies, and revenue.

To demonstrate the intense competition that the top manufacturers in the world deal with.

Presenting the market by kind and application, along with each type’s revenue, sales, and growth rates.

An examination of the major nations in North America according to manufacturer, application, and kind. Southeast Asia and Europe. Latin America. Sales, turnover, and market shares for manufacturers.

The report examines the manufacturing expenses, raw resources, and production process.

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About Astute Analytica: Astute Analytica is a renowned global analytics and advisory company, having swiftly established a strong reputation through the tangible and impressive results delivered to our valued clients. Our commitment lies in providing unparalleled, in-depth, and remarkably accurate estimates and projections to demanding clients across diverse industries, such as technology, healthcare, chemicals, semiconductors, FMCG, and more, drawing from a wide spectrum of satisfied and returning customers from around the world.

Our clients benefit greatly from our comprehensive analysis of the complex business environment, meticulously examining existing and emerging possibilities in different segments, technological advancements, growth estimations, and strategic choices. In essence, we offer a complete package, empowering our clients to make well-informed decisions, seize highly profitable opportunities, and overcome formidable challenges.

Our strength lies in our highly qualified, competent, and experienced team of professionals, comprising proficient business analysts, economists, consultants, and technology experts. As a customer-centric organization, you, our esteemed patron, are our top priority. When you choose to engage with us, rest assured that you will receive the best cost-effective and value-added package tailored to your needs.

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[foodsindustry]

Bike Helmet Market- Evolving Applications of  Lateral Flow Assays Presents Opportunities

Market Insights

Head injury is the main cause of disability, death, and injury from two-wheeled motor vehicles. The significant increase in the use of two-wheeled motor vehicles, particularly in low- and middle-income countries, is linked with a surge in the number of head injuries and traumatic injuries.

The global bicycle helmet market is expected to grow considerably over the forecast period. The growth of the global market is owing to the implementation of strict government regulations on the use of protective equipment during cycling. In addition, product innovations with advanced safety features combined with enhanced product appearance stimulate market growth. However, the high prices of bike helmets are anticipated to hinder market growth over the forecast period.

The growth of the world market is due to the presence of strict laws that make the use of helmets mandatory. The growing trend of cycling as a form of exercise to reduce overweight and improve fitness contributes to the growth of the global bike helmet market analysis. In addition, bicycles are cheaper and greener than other vehicles, which in recent years has increased the cyclists' number around the globe. In addition, the growing trend of professional cycling and the increasing number of cycling accidents are expected to influence the growth of the world market.

Market Segmentation

The global bike helmet market is broadly diversified into main segmented; type and application.

The type segment of the global bike helmet market is bifurcated into sports helmets, road helmets, and MTB helmets. The largest subsegment that held a noteworthy market share in 2018 was road helmets type. Implementation of strict regulations related to road safety for daily commute has uplifted the growth of the segment. Manufacturers creating safer and lighter products is poised to propel the growth of the segment in the coming period. Moreover, the sports helmet segment is likely to witness the highest growth over the forecast period. Growing craze of adventure and sports activities in developing nations is motivating the market growth.

On the basis of application, the global bike helmet market is divided into sports & adventure and transportation. However, in terms of market share, the daily transportation segment led the global bike helmet market in 2018. Growing incidence of road mishaps has created awareness among the riders about the importance of safety on the road, this drives the demand for bike helmets that are majorly used while commuting.

Regional Analysis

Geographically, Europe dominated the global bike helmet market in 2018 and is predicted to sustain its influence over the forecast period. Italy in Europe leads the regional market and is likely to grow at a rate of 7.46% in the forecast period.

Following Europe, North America market ranks seconds with significant market share for bike helmets. Safety standards for accident-free driving is a key factor responsible for the growth of the market in this region.

Further, Asia Pacific is expected to report maximum CAGR in the forecast period owing to growing awareness about road safety and under-developed transportation infrastructure. This is a major concern in Asia, where two-wheeled motor vehicles are used as family cars for many passengers.

In nations with middle- and low- income, there is requirement for strict standards for helmets, specifically for the regions with cost constraints, local manufacturing capabilities, and that are suitable for local climates.  For instance, in Vietnam, a lightweight helmet that is compatible with tropical climates in region, while, helmets for children in Malaysia were developed.

Major Players

Some of the leading key contributors in the global bike helmet market include Specialized Bicycle Components, Uvex Sports, MET-Helmets, SCOTT Sports SA., KASK S.p.a., Orbea, Trek Bicycle Corporation, Dorel Sports, and SCOTT Sports SA.

Recent Updates

Hovding, A Sweden based company that brought an inflatable bike helmet has registered a multifold sale achieved in Denmark. Its helmet is essentially a collar that inflates and shield the entire head of the rider. In a quarter, the company sold around 17, 000 helmets.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

[pranalipawarshinde]

Lateral Flow Assay Components Market is Set to Grow According to Latest Research Report 2017-2025

Lateral Flow Assay Components Market: Overview

Lateral flow assay is used to confirm the presence or absence of a target analyte such as pathogens or biomarkers in humans or animals. Lateral flow tests are commonly used in human health. Lateral flow immunoassay is also known as immunochromatographic assay or strip tests. Lateral flow assays are used in medical diagnostics either for home testing, point-of-care testing, or laboratory use. It is highly used for home pregnancy test. A lateral flow assay strip consists of sample pad, conjugate or reagent pad, reaction membrane, and wick or waste reservoir. Lateral flow tests are of different types, such as sandwich assay and competitive assay. Sandwich assay is a positive test represented by the presence of a colored line at the test line position. Competitive assay is a positive test represented by the absence of a colored line at the test line position. Both sandwich and competitive assays can be developed to include one or more test lines. For instance, nucleic acid lateral flow immunoassay PCRD is a multiplexed sandwich assay containing two test lines and one control line. Lateral flow assays utilize conjugated gold, carbon, or colored latex nanoparticles within the conjugate pad. Other labels include magnetic beads or colored polystyrene beads.

Report Overview: https://www.transparencymarketresearch.com/lateral-flow-assay-market.html

High prevalence of infectious diseases, rise in geriatric population, increase in demand for home-based lateral flow assay test kits, surge in demand for point-of-care testing, and rise in disposable income in developing countries are the key drivers of the global lateral flow assay market. Other factors such as technological advancements and growing product acceptance are likely to propel the global lateral flow assay market. However, stringent regulation and inconsistency in test results are expected to restrain the global lateral flow assay market.

The global lateral flow assay market can be segmented based on product type, technique, application, end-user, and region. In terms of product type, the market has been classified into kits & reagents, lateral flow readers, benchtop readers, and mobile readers. Based on technique, the global lateral flow assay market can be categorized into sandwich assays, competitive assays, and multiplexed lateral flow assays. In terms of application, the market can be divided into pregnancy & fertility testing, infectious diseases testing, drugs of abuse testing, clinical testing, and others. Based on end-user, the global lateral flow assay market can be classified into hospitals and clinics, home settings, diagnostic centers and others

Geographically, the global lateral flow assay market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

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North America dominates the global lateral flow assay market due to rise in demand for home health care, increase in prevalence of multiple chronic conditions, early adoption of test procedures, and presence of large number of key players. Factors such as rise in prevalence of infectious diseases and increase in consumption of drugs and alcohol make Europe the second-largest market for lateral flow assays. The market in Asia Pacific is expected to expand at a high growth rate during the forecast period due to large population base, rise in disposable income, increase in government initiatives to provide better health care facilities, significant patient pool, and high awareness among people. Rise in prevalence of viral diseases is another driver of the lateral flow assay market in Asia Pacific.

Major players operating in the global lateral flow assay market include Alere, Inc., Danaher Corporation, Hoffmann-La Roche AG, Siemens AG, Becton, Dickinson and Company, bioMérieux SA, Bio-Rad Laboratories, Inc., Merck KGaA, Trinity Biotech plc, Cytodiagnostics, Inc., Thermo Fisher Scientific, Inc., QIAGEN N.V., and PerkinElmer, Inc.

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[swarajya7793]

Significant COVID-19 Impact on Immunoassay | Healthcare Industry | Data Bridge Market Research

COVID-19 Impact on Immunoassay in the Healthcare Industry

The outbreak of coronavirus highlights the need of rapid and effective test method in order to detect and identify the target virus.

WHO has validated two types of test for detection of COVID 19 one is molecular diagnostic test and other one is immunological assay test. But as molecular diagnostic test such as PCR among others cannot be used for monitoring of disease progressing stage, there is a great need of immunological assays.

The development of rapid test method such as immunoassay among others has become an urgent need for effective drug and vaccine development so as to curtail the spread of COVID 19.

Price Impact:

The need of immunoassay kit for reliable COVID 19 test led the country’s government to reduce the price of these tests, so that individual belonging to any economic status can afford such tests.

Moreover some of the immunoassay kits were imported from different regions of the world, however due to ban and lockdown across borders import of testing kits also stopped. Along with this, the manufacturing of immunoassay kits in the country itself has also caused price reduction.

Immunoassay tests in order to recognize the viral antigen and related immunoglobulin are free at government laboratories, which again caused price reduction of kits.

For instance:

·         The charges fixed by ICMR at private labs for immunoassay test is USD (Indian Rupees 4,500).

Thus, it signifies that due to COVID 19 pandemic, the price of immunoassays kits and related products will reduce but product sales will increase.

Impact on Demand

This has been reported that RT-PCR based viral RNA detection test are widely used for diagnosis of COVID-19, however in order to monitor the progress of disease and identification of different stages there is a great need of immunological assays.

The results provided by immunological tests have an important role in vaccine development, which again increases the demand of immunoassay test.

Lateral flow immunoassay is one of the rapid diagnostic tests used for detection of viral antigens within 10-30 minutes. Moreover this is an inexpensive test and does not require any trained personnel for performing the test. All such factors again enhance the demand of immunoassay tests.

ELISA test can also be used for detection of viral components. ELISA is compatible with various kinds of samples that increase its demand for COVID 19 test. Moreover it is suitable for point of care detection.

Luminescent immunoassay has been reported in excessive use for COVID 19 diagnosis and manufacturers are also taking steps in order to fulfill such increasing demand.

For instance,

·         Cai et al. have developed peptide- based magnetic chemiluminescence enzyme immunoassay for detection of COVID -19

Moreover increasing prevalence of COVID-19 all around the world is also responsible for increasing demand of immunoassay kits.

Figure1: Number of Laboratory Confirmed COVID-19 Cases

All these factors suggest that COVID 19 outbreak has enhanced the demand of immunoassay market.

Impact on Supply Chain:

Due to continuous COVID-19 outbreak, several restrictions have been imposed by government bodies of several countries which involves ban throughout the country’s borders among others. These restrictions led to shortage of in the supply of immunoassay kits.

While such lockdown Indian government has allowed import of certain immunoassay kits used for detection of coronavirus. As per the report published in May, 2020 Abbott Healthcare and Roche Diagnostics received approval for import of immunoassay kits. This approval involves the import of chemiluminescent immunoassay kits. This step by Indian government helped to maintain a continuous supply chain amidst the COVID-19 outbreak.

The Asian Development Bank in March 2020, decided to provide with USD 200 million for companies who are engaged in manufacturing of coronavirus related products involving immunoassay kits. This step by organization helps the company to ensure continuous supply chain of their products.

This signifies that even during the COVID-19 pandemic companies are able to maintain supply chain.

Strategic Initiatives by Manufacturers and Organizations:

Due to increasing demand of immunoassay kits across the world, the market players are launching various types of immunoassay kits.

For instance,

·         In May 2020, National Institute of Virology (NIV), Pune has developed ELISA (an immunoassay test) for detection of coronavirus related antibodies in blood samples

·         In April 2020, Bio-Rad announced about the launch of blood based immunoassay kit for the detection and identification of antibodies formed against SARS-CoV-2, a virus that has been reported to cause COVID-19. The company has also planned to get emergency authorization from FDA for product launch

·         Roche is providing Elecsys Anti SARS CoV 2, an immunoassay used for detection of antibodies against SARS-CoV-2. The samples needed for testing antibodies involves human serum, and plasma

·         In April 2020, ERBA Mannheim launched ErbaLisa COVID-19 ELISA kits for the detection of IgG and IgM antibodies formed against SARS- CoV-2. This immunoassay can be manually operated led to its enhanced usage

·         In March 2020, BioMedomics, Inc., launched one of the point of care rapid immunoassay test for diagnosis of coronavirus infection. This test provides qualitative detection of IgG and IgM antibodies in human whole blood, serum and plasma. This test has initially been used by Chinese CDC but now it is available globally

This signifies that several strategic initiatives by different manufacturers in order to fight against novel coronavirus, fuel up the market growth.

As per the data provided in table large number of products available in order to perform immunoassays, this paves the way for manufacturers to earn more product sales, which again boost up the market growth.

Regulations:

Amid the COVID -19 outbreaks, various regulations associated with immunoassay test kit launch has been relaxed by FDA and other regulatory bodies due to increasing demand of rapid test for coronavirus detection.

FDA is aware of that several manufacturers are developing immunoassay test for coronavirus with an aim of submission of Emergency Use Authorization (EUA) to FDA. As the need of such test increasing, FDA is not intended for reasonable specimen testing, which consumes a lot of time.

FDA offers 15 business days to manufacturer for preparation of EUA submission for an immunoassay test whose performance has already been validated by the manufacturer.

With the urging need of worldwide population FDA has engaged with more than 100 of test developing manufacturer since the end of January and has granted EUA to several of immunoassay manufacturers.

During this pandemic FDA ensures that these test kits distribute to every labs, hospital land to other facilities which are in need of it.

Moreover FDA is working 24*7 in order to support laboratories and test developers, so that the manufacturers can distribute immunoassay test kits throughout the several countries at this urgent time.

In April, European Commission has issued a directive related to medical devices used for coronavirus testing. According to the directive launched in April if an assay meets all the requirements mentioned in directive launched by European Commission then there is no need for manufacturer to get a CE mark for that assay.

In Asia-Pacific region, after the initial outbreak of COVID 19 South Korea’s Centers for Disease Control and Prevention coordinated with the manufacturers engaged in getting approval for assay used for COVID 19 testing. Moreover in China, Singapore and Australia regulatory guidelines have been adjusted in order to get early approval and emergency use authorization for assays.

As strict regulations have been relaxed by regulatory authorities for immunoassay test kits during the COVID-19 pandemic, thus signifies that coronavirus has paved the way for the growth of immunoassay market.

Conclusion:

The pandemic of COVID 19 has led to an urgent need for the detection of coronavirus to progress the disease stage and to develop a novel vaccine, which can be possible by using immunoassay kits that provides rapid detection of antibodies formed against coronavirus. This led to the increasing demand for immunoassay kits and enhanced the growth of the immunoassay market. Various types of bans resulted in a shortage of product supplies that are expected to hamper the market growth, however, initiatives taken by the government related to product import and investment by some authorities helped the manufacturers to maintain the supply chain of immunoassay products. Increasing the prevalence of COVID-19 and the availability of immunoassay products is also expected to fuel up the market growth. Moreover, support by regulatory authorities related to approval and emergency use authorization for immunoassay products helping the market players to achieve a lucrative growth.

[leonfrancisblog]

Vehicle Electrification Market Industry Global Trends, Growth, Opportunities,Market Size Forecast to 2028| Major Competitors Ford Motor Company, Volkswagen AG, Continental AG, Robert Bosch GmbH, Magna International Inc., Westfalia-Automotive GmbH, TowGo, LLC, WABCO, Carit Automotive GmbH & Co.

Vehicle electrification market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to global vehicle electrification market Vehicle electrification means transforming the vehicle to use electric energy by integrating electric components and technological solutions for the operations in the vehicle. Vehicle electrification is considered to be the best to eliminate or reduce carbon emission and increase vehicle efficiency. Vehicle electrification is also helping the user to less dependent on oil and non-renewable resource.

The major factor which is driving the growth of the vehicle electrification market is the rapidly shifting of automobiles from hydrocarbon energy to electrical energy due to scarcity of resources such as oil for use in the future. Also, the electric vehicle is a zero-emission and reduces pollution which is also driving the market of vehicle electrification. Government regulations regarding vehicle emission norms are also one of the key factors for the growth of the market.

Global vehicle electrification market is expected to reach USD 169.71 billion by 2028 and witnessing market growth at a rate of 12.6% in the forecast period of 2021 to 2028. Data Bridge Market Research report on global vehicle electrification market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors. Global Vehicle Electrification Market, By Product Type (Start-Stop, EPS, Liquid Heater PTC, Electric Air Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Thermoelectric Generator, Electric Turbocharger, Starter Motor, Alternator, ISG, Actuator), Voltage (12V, 14V, 24V, 48V), Vehicle Type (Passenger Car (PC), Two-Wheeler, Light-Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV)), Degree of Hybridization (ICE & Micro Hybrid Vehicle, HEV, PHEV, BEV & FCEV, 48 V Vehicle), Channel Type (OEMs, Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

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Vehicle Electrification Market Country Level Analysis

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.  The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Global Vehicle Electrification Market Scope and Market Size

The vehicle electrification market on the basis of product type has been segmented into start-stop, EPS, liquid heater PTC, electric air conditioner compressor, electric vacuum pump, electric oil pump, electric water pump, thermoelectric generator, electric turbocharger, starter motor, alternator, ISG and actuator. EPS (electric power steering) is emerging rapidly with highest growth rate as this system is powered by computers to enhance the overall driving performance by analysing the driver and road inputs for calculating and optimizing the vehicle output. This system helps in reducing or eliminating human error during driving. Based on degree of hybridization, global vehicle electrification market has been segmented into ICE & micro hybrid vehicle, HEV, PHEV, BEV & FCEV, 48 V Vehicle. Hybrid electric vehicle is estimated to grow fastest growth rate as it gave the ability to use the multiple power sources to run the vehicle and consists of combustible engine and electric motor with batteries.

The major players covered in the vehicle electrification market report are Ford Motor Company, Volkswagen AG, Continental AG, Robert Bosch GmbH, Magna International Inc., Westfalia-Automotive GmbH, TowGo, LLC, WABCO, Carit Automotive GmbH & Co. KG, Daimler AG, VALEO, Garmin Ltd., Cogent Embedded, Inc., DornerWorks, Ltd., Jaguar Land Rover Limited, POCLAIN HYDRAULICS, General Motors among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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The key questions answered in this report:

·         What will be the Market Size and Growth Rate in the forecast year?

·         What is the Key Factors driving Laser Capture Lateral flow assay market?

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[healthy-insights]

Cell-Free DNA (cfDNA) Testing Market Share, Size, Growth & Forecast 2024 Illuminated by New Report

Transparency Market Research presents this most up-to-date research on "Cell-Free DNA (cfDNA) Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024"

Cell-Free DNA are fragments of DNA which circulate in the blood fluid and can be utilized as valuable biomarkers. It is a new technology in which small quantity of liquid sample (saliva, urine, or blood) from the patient is collected to examine the freely flowing DNA. Cell-Free DNA (cfDNA) is a noninvasive screening test used to help detect graft rejection, identify mutations in cancer patients and detect various chromosomal abnormalities in the fetus, in order to know the gender of fetus. The discovery of cfDNA has opened up to new potentials in the field of oncology, gynecology, transplantation and infectious diseases.

The cell-free DNA testing market is segmented on basis of its application, types and region. On basis of application the market is segmented into oncology, gynecology and transplantation. By type, the market is further segmented into donor derived cell free DNA (ddcfDNA), circulating cell-free tumor DNA (ctDNA) and cell-free fetal DNA (NIPT). Donor-derived cell-free DNA testing examines the graft rejection in transplanted patient by recognizing the absence or presence of donor DNA in the bloodstream. In ctDNA testing, circulating tumor DNA in urine, saliva or blood of tumor patients is examined to detect mutation. In prenatal testing, the chromosomal abnormality is identified in the fetus by collection of blood sample from pregnant women who carry DNA of that fetus.

The cell-free fetal DNA market has a major share in the market due to increased number of pregnancies following to it is the circulating cell-free tumor DNA market and later the donor derived cell-free DNA market. In the region wise segmentation, North America region had the largest revenue in 2015 due to majority of tests launched and adaptation of advanced technologies in screening techniques. Following North America is Europe and Asia Pacific which are also the fastest growing market due to blooming economy and improving healthcare infrastructure and rising prevalence of diseases in these regions. The potential of cell-free DNA testing market has attracted many biotechnology and pharmaceutical firms by acquiring other major firms or by launching novel tests.

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Increased incidences of diseases like chromosomal abnormalities due to increase in maternal age, changing lifestyle, unhealthy diet habits and rising prevalence of cancer, also in addition to it increasing healthcare expenditure and rising healthcare awareness are the reasons driving the cell-free DNA market. However, there are some other factors such as lack of skilled healthcare professionals, high test cost, non-affordability in low income countries, ethical issues related to genetic testing, lack of standardization, unfavorable reimbursement policies and legal and regulatory guidelines some of the reasons hampering the growth of the market.

Various companies are coming up with new software’s and improved sequencing technologies which has improved the test quality with accurate and rapid results. Some of the leading players in cell-free DNA testing market are Agilent Technology, Allenex AB, Biocept, Inc., Biodesix, Inc., CareDx, Inc. Guardant Health, Inc., Illumania, Inc., Inivated Limited, Natera, Inc., Quest Diagnostics, Roche Holdings AG, Sequenom, Inc. and Trovagene, Inc. The global cell-free DNA testing market is a competitive market and all the players are involved in developing new assays by mergers and acquisitions In order to sustain themselves in the market and maintain their market share. For instance, Roche Holdings AG received U.S. FDA approval for its newly launched ctDNA test Cobas which is approved for blood based genetic tests. Roche also entered the NIPT market with acquisition of Ariosa diagnostics. CareDx, Inc., acquired Allenex AB for its new developments in donor derived Cell-Free DNA tests for kidney and heart transplant patients.

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