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

  1. Rising Infectious Diseases: Growing prevalence of diseases like malaria, tuberculosis, and COVID-19 fuels demand for rapid diagnostics.

  2. Point-of-Care Testing (POCT): Increasing adoption of home-based and decentralized healthcare solutions drives growth.

  3. Geriatric Population: Older individuals are more susceptible to chronic diseases, boosting LFA usage.

  4. Technological Innovations: Development of multiplexed LFAs enhances efficiency and diagnostic accuracy.

Market Opportunities

  • Expanding into emerging economies with rising healthcare infrastructure.

  • Integration of LFAs with digital health platforms for real-time monitoring.

  • Growing applications in veterinary, food safety, and environmental testing.

Market Segmentation

By Product Type

The Kits & Reagents segment dominated the market in 2024. These consumables are critical for each diagnostic test, ensuring reliability and accuracy. For instance, WHO reported distribution of over 500 million malaria rapid diagnostic kits in 2023, showcasing the sheer scale of demand.

By Application

The Clinical Testing segment held the largest share in 2024, thanks to its use in emergency rooms, primary care, and preventive screenings. Rapid troponin LFAs for cardiac care are prime examples of life-saving applications.

Regional Insights

  • North America: Expected to lead market growth due to FDA fast-tracking approvals, adoption of advanced diagnostics, and collaborations with tech giants like Apple and Google.

  • Europe: Strong focus on disease prevention and personalized healthcare drives adoption.

  • Asia-Pacific: Rapidly expanding healthcare infrastructure and rising demand for affordable diagnostics fuel growth.

Future Outlook

The lateral flow assay market is set to expand beyond traditional healthcare into digital diagnostics, precision medicine, and consumer health platforms. Strategic collaborations, innovation in multiplex testing, and integration with AI-powered smartphone readers are expected to reshape the market by 2030.

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