Global Paper Diagnostics Market report offers the latest industry trends,
technological alteration and forecast data. A deep-dive view of Paper
Diagnostics industry based on its size, growth, development plans, and
opportunities is offered by this report. The forecast information, SWOT
analysis, Paper Diagnostics barriers, and feasibility study are the vital
aspects evaluated in this report.
Global Paper
Diagnostics Market is expected to reach USD 8.35 billion by 2022. Paper
diagnostics are the tools that are rugged enough, simple to use, and cheap for
rural areas that could save thousands of lives across the globe. A disposable
and versatile test that may analyze blood or urine for indication of chronic
conditions or infectious diseases. The paper diagnostics market is estimated to
grow at a significant CAGR of 7.5% over the forecast period as the scope and
its applications are rising enormously across the globe.
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Main features
of the report:
·
To provide detailed analysis of the market
structure along with forecast of the various segments and sub-segments of the
global Paper Diagnostics Market.
·
A complete backdrop analysis, which includes an
assessment of the parent market
·
Important changes in market dynamics
·
Market segmentation up to the second or third
level
·
To provide country level analysis of the market
for segment by application, product type and sub-segments.
·
To provide strategic profiling of key players in
the market, comprehensively analyzing their core competencies, and drawing a
competitive landscape for the market.
·
Track and analyze competitive developments such
as joint ventures, strategic alliances, mergers and acquisitions, new product
developments, and research and developments in the global Paper Diagnostics
Market.
·
Emerging niche segments and regional markets
·
An objective assessment of the trajectory of the
industry.
The factors that are
playing a major role in the growth of the paper diagnostics market are growing
occurrence of diseases that can be monitored or diagnosed with paper
diagnostics, growing number of patients suffering from diabetes, and benefits
like cost-efficient, fast results, and less complexity. However, the presence
of alternatives may restrain overall market growth in the years to come. Paper
diagnostics industry is segmented based on product type, device type, application,
end-user, and region.
Lateral flow assays
and dipsticks are the product types that could be explored in paper diagnostics
in the forecast period. Lateral flow assays sector accounted for the
significant market share of paper diagnostics in terms of revenue and is
estimated to continue with its dominance in the years to come. This could be
because of its extensive usage in the form of pregnancy tests across the globe.
The market may be
categorized based on applications like environmental monitoring, clinical
diagnostics, food quality, and others could be explored in the forecast period.
The clinical diagnostics sector accounted for the substantial market share of
paper diagnostics and is estimated to grow at highest CAGR in the years to
come. The reason could be the growing occurrence of infectious diseases, liver
disorders, and cancer.
Globally, North
America accounted for the significant market share of paper diagnostics and is
estimated to lead the overall market in the years to come. The reason behind
the overall market growth could be rising awareness among consumers regarding
paper diagnostics, growing occurrence of diseases like HIV, hepatitis, and
cancer, and government initiative.
The key players of
the paper diagnostics market are Siemens Healthcare, Alere, Bio-Rad
Laboratories, Abcam, Sigma-Aldrich, ACON Laboratories, Surmodics, SD Biosensor,
and Innova Biosciences. These players are concentrating on inorganic growth to
sustain themselves amidst fierce competition.
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