Latex Agglutination Test Kits Market, By Product Type, By Test Type, By Sample Type, By End-use, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Latex Agglutination Test Kits Market size was valued at USD 715.02 Million in 2023, expanding at a CAGR of 5.5% from 2024 to 2032.
Agglutination, which is frequently employed in blood grouping, is the result of mixing an antigen with its matching antibody, agglutinin. Known by its popular name, latex fixation, latex agglutination testing is a diagnostic process used in laboratories to identify certain antigens and antibodies. Depending on the kind of sample needed, the bodily fluids utilized in the test may include blood, urine, saliva, and cerebrospinal fluid.
Latex Agglutination Test Kits Market- Market Dynamics
Growing awareness drives market growth
The management of disease epidemics greatly depends on public awareness programs that emphasize the identification of infectious disease signs and the adoption of preventative measures. Considering that India is one of the high-risk nations, the CDC works tirelessly to contain illness outbreaks there. The CDC initially concentrated on preventing HIV/AIDS, but it has now broadened its purview to include treating other illnesses in India, such as influenza, TB, vaccinations, and antibiotic resistance. To better respond to disease outbreaks, this project strengthened the nation's laboratory and monitoring capabilities. Thus, there is a strong global demand for latex agglutination test kits as a result of greater patient awareness.
Latex Agglutination Test Kits Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.5% over the forecast period (2024-2032)
Based on product type segmentation, the ELISA segment is expected to capture the largest market share during the forecast period
Based on sample type segmentation, the Blood category dominates the market
Based on region, North America was the leading revenue generator in 2023
Latex Agglutination Test Kits Market- Segmentation Analysis:
The Global Latex Agglutination Test Kits Market is segmented based on Product Type, Test Type, Sample Type, End-use, and Region.
Based on the product type, the market is segmented into Hemagglutination Inhibition, Indirect Fluorescent, ELISA and Serum Neutralization. The ELISA segment is expected to capture the largest market share during the forecast period. Clinics and smaller healthcare institutions are adopting ELISA latex agglutination kits at a faster rate due to the move toward point-of-care testing and quick diagnosis. Technological developments that improve the efficacy and precision of ELISA testing, such as automation, downsizing, and digital platforms, also propel the market.
Based on the sample type, the global industry is divided into Blood, Cerebrospinal Fluid, Urine and Others. The Blood category dominates the market and is likely to maintain its dominance during the forecast period. The presence of clotting factors in blood makes it a favored sample for antibody and antigen latex agglutination test kits. Blood samples are also necessary for the diagnosis of several fungal and bacterial illnesses to identify the illness. The segment's growth is being driven by these factors.
Latex Agglutination Test Kits Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market during the forecast period. Numerous variables, including the existence of significant operational companies and an increase in the burden of infectious illnesses, are credited with the region's expansion. For instance, the U.S. Centers for Disease Control and Prevention (CDC) believes that the number of influenza infection cases in the United States has been a significant amount. This varied from about 9 million to 41 million instances between 2010 and 2020, leading to 140 thousand to 710 thousand hospital admissions and 12 thousand to 52 thousand fatalities yearly in the United States. Thus, the aforementioned stats drive the market growth in the region.
Latex Agglutination Test Kits Market- Competitive Landscape:
The market players operating in the Latex Agglutination Test Kits market are Bio-Rad Laboratories, Inc., Creative Diagnostics, bioMerieux S.A., Bioloegend Inc., HiMedia Laboratories Microbiology International, Biotium, Thermo Fisher Scientific Inc., Eurofins Abraxis, Cardinal Health and Atlas Medical GmbH among others. These players adopted various strategies to hold a maximum market share such as product launches, acquisitions, expansion and others.
Recent Developments:
In June 2022, Diagnostic BioSystem (DBS) and Thermo Fisher Scientific worked together to provide a large range of primary antibodies in the United States. Customers will be able to use the company's high-quality, creative, and reasonably priced goods for their regular histopathological staining needs due to this relationship.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL LATEX AGGLUTINATION TEST KITS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Bio-Rad Laboratories, Inc.
Creative Diagnostics
bioMerieux S.A.
Bioloegend Inc.
HiMedia Laboratories Microbiology International
Biotium
Thermo Fisher Scientific Inc.
Eurofins Abraxis
Cardinal Health
Atlas Medical GmbH
GLOBAL LATEX AGGLUTINATION TEST KITS MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032
Hemagglutination Inhibition
Indirect Fluorescent
ELISA
Serum Neutralization
GLOBAL LATEX AGGLUTINATION TEST KITS MARKET, BY TEST TYPE- MARKET ANALYSIS, 2019 - 2032
Antigen Testing
Antibody Detection
GLOBAL LATEX AGGLUTINATION TEST KITS MARKET, BY SAMPLE TYPE- MARKET ANALYSIS, 2019 - 2032
Blood
Cerebrospinal Fluid
Urine
Others
GLOBAL LATEX AGGLUTINATION TEST KITS MARKET, BY END-USE- MARKET ANALYSIS, 2019 - 2032
Retail Pharmacies
Hospital Pharmacies
Online Pharmacies
GLOBAL LATEX AGGLUTINATION TEST KITS MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1.Latex Agglutination Test Kits Market Overview
1.1.Study Scope
1.2.Market Estimation Years
2.Executive Summary
2.1.Market Snippet
2.1.1.Latex Agglutination Test Kits Market Snippet by Product Type
2.1.2.Latex Agglutination Test Kits Market Snippet by Test Type
2.1.3.Latex Agglutination Test Kits Market Snippet by Sample Type
2.1.4.Latex Agglutination Test Kits Market Snippet by End-use
2.1.5.Latex Agglutination Test Kits Market Snippet by Country
2.1.6.Latex Agglutination Test Kits Market Snippet by Region
2.2.Competitive Insights
3.Latex Agglutination Test Kits Key Market Trends
3.1.Latex Agglutination Test Kits Market Drivers
3.1.1.Impact Analysis of Market Drivers
3.2.Latex Agglutination Test Kits Market Restraints
3.2.1.Impact Analysis of Market Restraints
3.3.Latex Agglutination Test Kits Market Opportunities
3.4.Latex Agglutination Test Kits Market Future Trends
4.Latex Agglutination Test Kits Industry Study
4.1.PEST Analysis
4.2.Porter's Five Forces Analysis
4.3.Growth Prospect Mapping
4.4.Regulatory Framework Analysis
5.Latex Agglutination Test Kits Market: COVID-19 Impact Analysis
5.1.Pre-COVID-19 Impact Analysis
5.2.Post-COVID-19 Impact Analysis
5.2.1.Top Performing Segments
5.2.2.Marginal Growth Segments
5.2.3.Top Looser Segments
5.2.4.Marginal Loss Segments
6.Latex Agglutination Test Kits Market Landscape
6.1.Latex Agglutination Test Kits Market Share Analysis, 2023
6.2.Breakdown Data, by Key Manufacturer
6.2.1.Established Players' Analysis
6.2.2.Emerging Players' Analysis
7.Latex Agglutination Test Kits Market - By Product Type
7.1.Overview
7.1.1.Segment Share Analysis, By Product Type, 2023 & 2032 (%)
7.1.2.Hemagglutination Inhibition
7.1.3.Indirect Fluorescent
7.1.4.ELISA
7.1.5.Serum Neutralization
8.Latex Agglutination Test Kits Market - By Test Type
8.1.Overview
8.1.1.Segment Share Analysis, By Test Type, 2023 & 2032 (%)
8.1.2.Antigen Testing
8.1.3.Antibody Detection
9.Latex Agglutination Test Kits Market - By Sample Type
9.1.Overview
9.1.1.Segment Share Analysis, By Sample Type, 2023 & 2032 (%)
9.1.2.Blood
9.1.3.Cerebrospinal Fluid
9.1.4.Urine
9.1.5.Others
10.Latex Agglutination Test Kits Market - By End-use
10.1.Overview
10.1.1.Segment Share Analysis, By End-use, 2023 & 2032 (%)
10.1.2.Retail Pharmacies
10.1.3.Hospital Pharmacies
10.1.4.Online Pharmacies
11.Latex Agglutination Test Kits Market- By Geography
11.1.Introduction
11.1.1.Segment Share Analysis, By Geography, 2023 & 2032 (%)
11.2.North America
11.2.1.Overview
11.2.2.Latex Agglutination Test Kits Key Manufacturers in North America
11.2.3.North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
11.2.4.North America Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
11.2.5.North America Market Size and Forecast, By Test Type, 2019 - 2032 (US$ Million)
11.2.6.North America Market Size and Forecast, By Sample Type, 2019 - 2032 (US$ Million)
11.2.7.North America Market Size and Forecast, By End-use, 2019 - 2032 (US$ Million)