As per this study the Global Paper Diagnostics Market was valued USD XX.X MN (by revenue) in 2019 and is anticipated to reach USD XX.X MN by 2026 with a CAGR of X.X%.
The paper diagnostics refers to the devices made of paper and cellulosic material to quantify and recognize the biomolecules and chemical agent affecting health. It’s a cost-effective and point-of-care diagnostic device for human blood analysis. In addition, paper diagnostics accurately diagnose the cause of disease in minutes and could speed up treatment and prevent its spread.
The increasing demand for cost-effective and point-of-care diagnostic approaches is driving market growth. Also, the rising adoption of point-of-care diabetes test kit and pregnancy test kit is further fuelling the market growth. In addition, the increasing prevalence of chronic diseases that require self-monitoring such as diabetes and others is again boosting the market growth. As well as, combination of 3D paper-based sensors and nanomaterial linkages is further expected to accelerate the market growth in upcoming years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of paper diagnostics.
The broad paper diagnostics market has been sub-grouped into product, device type, application and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Device Type
- Lateral Flow Assays
- Paper Based Microfluidics
- Diagnostic Devices
- Monitoring Devices
- Clinical Diagnostics
- Infectious diseases
- Liver Disorders
- Food Quality Testing
- Environmental Monitoring
- Home Healthcare
- Assisted Living Healthcare Facilities
- Hospital and Clinics
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for paper diagnostics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Paper Diagnostics Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the paper diagnostics market include Abbott (Alere Inc.), ACON Laboratories, Inc., ARKRAY, Inc., Bio-Rad Laboratories, Inc., Diagnostics For All, Inc., FFEI Life Science (Biognostix), GVS S.P.A., Kenosha Tapes, Micro Essential Laboratory Inc, Navigene, and Siemens Healthcare Gmbh. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.