Global Paper Diagnostics Market Research Report 2017-2023
Summary – A new market study, “Paper Diagnostics - Global Market Outlook (2017-2023) ”has been featured on WiseGuyReports.
According to Stratistics MRC, the Global Paper Diagnostics
market is accounted for $4.44 billion in 2016 and is expected to reach $9.28
billion by 2023 growing at a CAGR of 11.11%. The rise in the prevalence of
diabetes, low cost of production, growing demand for cost-efficient
alternatives coupled with technological advancements, the increasing prevalence
of liver disorders, the high reliability of paper diagnostics and rising
geriatric population are some the key factors fueling the market growth.
Paper diagnostics are paper-based diagnostic tests performed for
the detection of a variety of infectious diseases and food quality monitoring.
Lateral flow assay kits are the largest contributors to the paper diagnostics
market. Lateral flow assay kits and dipsticks are the two types of paper
diagnostic products available in the market. Paper diagnostic tests are useful
in reducing the time between the diagnosis of a disorder and treatment
procedure. The presence of diseases that require self-monitoring, for instance
in diabetes mellitus, and other tests such as pregnancy test, pH test, oxygen
sensing; and rising demand for cost effective devices made by technological
advancements are the other major factors for paper diagnostics market growth.
The growing incidence rate of infectious diseases such as
cancer, human immunodeficiency virus (HIV), and lifestyle-associated disorders
such as diabetes and pre-diabetes is responsible for the increasing sales of
paper diagnostics in hospitals. The market will continue to grow in the
hospital segment for the upcoming years due to the bulk purchase of diagnostic
kits, dipsticks, and other consumables. North America commanded the largest
market share during the forecast period attributing to the high awareness
levels pertaining to initiatives taken by governments and increasing occurrence
of diseases such as cancer, HIV, hepatitis.
Some of the key players in global paper diagnostics market
include ARKRAY, ACON Laboratories, Abingdon Health, Abcam, Alere, Bio-Rad
Laboratories, Siemens Healthcare, Surmodics, Sigma-Aldrich (Merck Millipore),
SD Biosensor, NanoHybrids, Innova Biosciences, DCN Diagnostics,
Cytodiagnostics, Chembio Diagnostic Systems, BIOPORTO and BBI Solutions.
Products Covered:
• Dipsticks
• Lateral flow assay kits
Applications Covered:
• Food Quality Testing
• Environmental Monitoring
• Clinical Diagnostics
Device Types Covered:
• Diagnostics Devices
• Monitoring Devices
End Users Covered:
• Home Healthcare
• Hospitals
• Biotech-Pharma Research
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub
segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges,
Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market
estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent
developments
- Supply chain trends mapping the latest technological advancements
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