Yes, they are. Techniques like Enzyme-Linked Immunosorbent Assays (ELISA) are very common, the LFT is just a 'consumer' variant that can be read by eye. They're used for all kinds of things (from drugs test, environmental pollutants to Ebola). They've traditionally not been used so much in clinical contexts though, mostly due to the regulatory burden of debuting a clinical test (it's cheaper and easier to do it in a lab).