Lateral Flow Assay Market Size, Share & Trends | Industry Growth
Lateral Flow Assay are well-established commercial product due to their ability of
providing precise, fast, and low-cost result such as for example home-based pregnancy tests.
Lateral flow assay technology are rapidly evolved over time and routinely useful for point-
of-care and companion diagnostic applications.
Among the major challenges facing the global lateral flow assays market is the limited
reimbursements for lateral flow assay products. Owing to reimbursement issues, lateral flow
assay-based diagnostic tests have witnessed limited adoption in many countries across the
globe. The rise in healthcare expenditure is compelling insurance payers to question and
analyze the necessity of new diagnostic tests. Also, payers are moving from fee-for-service
reimbursement systems towards fee-for-value-based reimbursement systems. That is among
the challenges facing the Lateral Flow Assay Market in the forecast period.
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