Global Lateral Flow Assay Market Size, Share & Growth Report 2030
The global lateral flow assay market is witnessing rapid growth, driven by increasing demand for point-of-care diagnostics and advancements in healthcare technology. According to Wissen Research, the market was valued at USD 8.2 billion in 2024 and is projected to reach USD 12.6 billion by 2030 , growing at a CAGR of 7.5% during the forecast period (2025–2030). Market Overview Lateral flow assays (LFAs) are simple, cost-effective, and rapid diagnostic tools widely used in clinical testing, infectious disease detection, veterinary diagnostics, and food safety . Their convenience, reliability, and quick turnaround time have made them indispensable in healthcare systems globally. Key Market Highlights Market Size (2024): USD 8.2 Billion Market Size (2030): USD 12.6 Billion CAGR (2025–2030): 7.5% Leading Region: North America (projected highest growth at 7.7%) Growth Drivers of the Lateral Flow Assay Market Rising Infectious Diseases: Growing prevalence of di...