Global Paper Diagnostics Market, Product (Lateral Flow Assays, Dipsticks, Paper-Based Microfluidics), Device Type (Diagnostic Devices, Monitoring Devices), Application (Clinical Diagnostics, Food Quality Testing, Environmental Monitoring), End-Use (Home Healthcare, Assisted Living Healthcare Facilities, Hospital and Clinics), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The paper diagnostics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.5% in the forecast period of 2021 to 2028.
Paper diagnostics are series of diagnostic tests procedures based on pH testing method utilized in detection of various infectious diseases, environmental and food quality tests which can be performed with cheap, user-friendly and robust devices in locations where advanced diagnostic procedures may not be available or affordable. They provide less expensive and more efficient alternative to the other diagnostic methods as it provides accurate, point-of-care testing in minimal costs.
Factors such as the increasing adoption and preference of POCT and in-vitro diagnostic methods are further expected to boost the growth of the paper diagnostics market in the forecast period. In addition to this, benefits associated with this diagnostic method due to their low costs and effectiveness in circumstances when resources are inadequate which further heighten the growth of the market. However, the lack of applications in large quantities is anticipated to most likely obstruct the growth of the paper diagnostics market in the coming years.
On the other hand growing levels of pollution in environments resulting in greater concerns regarding detection of pollutants are to further extend suitable opportunities for the growth of the paper diagnostics market in the near future. Inadequate knowledge and standards regarding the usage of these devices along with their appropriate applications are the major challenges faced by the market.
This paper diagnostics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on paper diagnostics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Paper Diagnostics Market Scope and Market Size
The paper diagnostics market is segmented on the basis of product, device type, application and end use. The growth amongst these segments will help you analyses meagre growth segments in the industries and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on the product, the paper diagnostics market is segmented into lateral flow assays, dipsticks and paper-based microfluidics.
- Based on the device type, the market is segmented into diagnostic devices and monitoring devices.
- Based on the application, the paper diagnostics market is segmented into clinical diagnostics, food quality testing and environmental monitoring. The clinical diagnostics is sub-segmented into cancer, infectious diseases, liver disorders and others.
- Based on the end-use, the paper diagnostics market is segmented into home healthcare, assisted living healthcare facilities and hospital and clinics.
Paper Diagnostics Market Country Level Analysis
The paper diagnostics market is analyzed and market size insights and trends are provided by product, device type, application and end use as referenced above.
The countries covered in the paper diagnostics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the paper diagnostics market owing to the surging demand for self-testing devices coupled with well-established healthcare infrastructure in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the paper diagnostics market because of the growing preference for home healthcare over hospitalization which is further anticipated to propel the growth of the paper diagnostics market in the region in the coming years.
The country section of the paper diagnostics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The paper diagnostics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for paper diagnostics market, impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the paper diagnostics market. The data is available for historic period 2011-2019.
Competitive Landscape and Paper Diagnostics Market Share Analysis
The paper diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to paper diagnostics market.
The major players covered in the paper diagnostics market report are ARKRAY, Inc, ACON Laboratories, Inc., Abbott, Bio-Rad Laboratories, Inc., GVS S.p.A, Siemens, Diagnostics for All, Inc., FFEI, Navigene, Micro Essential Laboratory In, Medlife International Pvt.Ltd., Kenosha Tapes, Abcam plc, Abingdon Health, ACON Laboratories, Inc., Chembio Diagnostic Systems, Inc.; Cytodiagnostics Inc, DCN Diagnostics, NanoHybrids, Merck KGaA, Surmodics, Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.