Digital technology is one of the pivotal factors driving the evolution of the lateral flow market which is expected to reach USD 8.7 billion by 2023 at a CAGR of 7.7%.
How is digitisation powering this (r)evolution?
Handheld digital readers enable complex tests to be performed outside of the lab at a fraction of the cost but with the same accuracy. Smartphone readers act as a "digital assistant" helping users to confirm results with AI driven image recognition technology.
Digital connectivity in smartphones & tablets allows data to be captured from these readers and instantly stored in the cloud. Algorithms and AI help interpret this data (either in App or in Cloud) and provide fast and shareable quantitative results. These results are shared with stakeholders on visual dashboards displaying geotagged, time-stamped results in any location.
Bond is the only company in the world solely servicing the lateral flow industry with the bespoke TRANSFORM™ app-cloud-dashboard connectivity platform. TRANSFORM™ is used to power handheld readers, smartphone readers and self-contained single use tests and quantitative assays.
The platform is also available as a white label solution. For more information, get in touch via our contact form.