LATERAL FLOW ASSAY MARKET ANALYSIS

Lateral Flow Assay Market, By Product Type (Kits and Reagents and Lateral Flow Readers), By Technique (Competitive Assay, Multiplex Detection Assay, Sandwich Assay), By Application (Clinical Testing, Cardiac Marker Testing, Pregnancy & Fertility Testing, Cholesterol Testing/Lipid Profile, Drugs of Abuse Testing, Drug Development & Quality Testing, Other Clinical Tests), By End User (Hospitals & Clinics, Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies, Home Care Settings, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

In February 2024, Ascential Medical & Life Sciences (M&LS) was honored with the 2024 Advanced Lateral Flow Conference (ALFC) award for Leadership in Diagnostics. This recognition celebrates Ted Meigs, executive advisor and former CEO of Kinematic Automation, for his significant contributions.
In August 2022, MIT chemists developed a wireless electronic lateral flow assay for biosensing. Created by the Swager Lab, this innovative design uses electronic polymers instead of colored lines to signal a positive result, allowing for quantitative monitoring of biomarkers.
In December 2021, Eurofins Technologies introduced the RapidScan ST5-W lateral flow reader, designed for field and in-process testing applications that require qualitative to semi-quantitative results.
In January 2021, Abbott announced that its Panbio COVID-19 Ag Rapid Test Device had received CE Mark certification for two new applications: detecting the SARS-CoV-2 virus for asymptomatic screening and enabling self-administered sample collection using a nasal swab.