Global Paper Diagnostic Market: Product Analysis and Forecast (2020-2026) by Type, Product, Application, End-User and Region

Published by

Jul 23, 2021

Global Paper Diagnostic Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 8.5% through 2020 to 2026, reaching nearly US$ XX Mn.

The Global Paper Diagnostic Market report is a comprehensive analysis of the Product, market, and key players. The report has covered the market by demand and supply-side by segments. The Paper Diagnostic Market report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Paper Diagnostic Market

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Global Paper Diagnostic Market Overview:

Paper Diagnostics process is used to diagnose the test, with the help of pH testing methods. The pH testing method is done by red litmus paper and blue litmus paper and this process is also used in the detection of the environmental and food quality tests to detect bacterial infection and a variety of infectious diseases tests. The paper diagnostic offers chemical or molecular testing by aiding the medical devices that are manufactured together with cellulosic and paper substances. This process is more effective and with precise accuracy and is economical.
Global Paper Diagnostic Market Dynamics:

The global Paper Diagnostics Market was valued at USD 56.93 billion in 2017 and is estimated to reach USD 3.7 billion with a CAGR of 8.5% in the forecast period of 2020-2026.

The driving factors boosting the paper diagnostic market are wider available, economic, easily engineered, biodegradable, combustible, biocompatible, sterilizable, hydrophilic, and easy to functionalize, and process into diagnostic devices. Moreover, Paper is a very attractive as well as a reasonable substrate to advance as a low-budget diagnostic platform. Paper assists four functions in a diagnostic like transport and measurement of sample and analytics, reaction support, separation of reactants from products, and communication of results.

The Paper diagnostic market is dominating the clinical diagnostic market with 40% of the total market share due to the high prevalence of infectious diseases, cancer, liver disorders, and various others. This process is also used in food quality testing to identify bacterial infections. Additionally, the pollution in the environment is growing and this is further boosting the demand for the paper diagnostics market in the forecast period.
Global Paper Diagnostic Market Segment Analysis:

By Type, Diagnostic Devices, and Monitoring Devices. Diagnostic devices are dominating the type segment of the paper diagnostic market. Due to cost-effective diagnosis, diagnostic devices accounted for 50% of the market share in terms of revenue. Moreover, diagnostic devices are flexible, minimum equipment support, and high adaptability is further boosting the growth of diagnostic devices in the market. They are also used in food pathogen detection and infectious diseases and are anticipated to grow over 7.4% CAGR in the forecast period.

Global Paper Diagnostic Market

By Product, the segment is trifurcated into Lateral Flow Assays, Dipsticks, and Paper-Based Microfluidics. Lateral flow assays are dominating the product segment of the paper diagnostic market. The lateral flow assays Market was valued at USD 7.9 billion in 2020 and is estimated to reach USD 11.9 billion with a CAGR of 6.2% in the forecast period of 2020-2026. North America is a dominating country in the lateral flow assays market with a US market share of 38.65% and valued at USD 3.1 billion in 2020. Besides, the growing incidence of diseases like HIV, Pneumonia, TB, are boosting the market growth and this is simultaneously supported by the wider application in the usage of pregnancy test kits.

By Application, Clinical Diagnostics (Cancer, Infectious Diseases, Liver disorders, other) Food Quality Testing, Environmental Monitoring. Clinical Diagnostics is dominating the application segment of the paper diagnostics market. Clinical diagnostics is further sub-divided into cancer, infectious diseases, liver disorders, and others. As cancer is rising day-by-day sharply, and know accounting for 60% of the death rate globally. Early detection, better outcomes, and improved performance are the need of consumers together with cost-effectiveness and this has boosted the paper diagnostic market.

As per a research study carried out by MIT professors and Howard Hughes Medical Institute investigator Sangeeta Bhatia have developed a simple, economical, paper test that will help early diagnosis and also improve the diagnosis rate to help people get treatment in the early stages. This test works like pregnancy testers that reveal the result in a few min. with the help of a Urine sample, whether, a person has cancer or not. And this factor is lifting the market growth in the clinical diagnostic application.

By End-User, Home Healthcare, Assisted Living Healthcare Facilities, and Hospital and Clinics. Home healthcare is dominating the end-user segment of the paper-diagnostic market in the forecast period of 2020-2026. As the wider usage of testing kits like diabetes, pregnancy, are boosting the market growth of the home healthcare segment with registering a CAGR of 8.4% in the forecast period. Additionally, the kits are handy and affordable and this factor is boosting the demand for paper diagnostics in-home healthcare. Further, the patient doesnt need to step out of the home for emergency testing this can be performed at home and does not involve any medical practitioner supervision to perform the test. Hence due to wider benefits home healthcare segment is dominating the paper diagnostic market in the forecast period of 2020-2026.

Global Paper Diagnostic Market
Global Paper Diagnostic Market Regional Insights:

Global Paper Diagnostic Market Regional market is segmented into North America, Europe,

North America is dominating the paper diagnostic market due to the presence of major market players in the region. North America has a huge market for technological investment with high-definition techniques. Owed to the huge investment of Government in the research and development sector. Moreover, the rate of cancer is higher in American women.

The Asia Pacific is second dominating in the paper diagnostic market and is estimated to grow at a high pace in the forecast period of 2020-2026. 63% of Tuberculosis cases were detected in western and South-East Asia Pacific. And the countries like China, Pakistan, India, Bangladesh, South Africa, and Indonesia are accounting for 2/3 of the new cases reporting in the forecast period.

Global Paper Diagnostic MarketThe objective of the report is to present a comprehensive analysis of the global Paper Diagnostic Market to the stakeholders in the Product. The past and current status of the Product with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the Product with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the Product to the decision-makers.

The report also helps in understanding the global Paper Diagnostic Market dynamics, structure by analyzing the market segments and project the global Paper Diagnostic Market size. Clear representation of competitive analysis of key players by Type price, financial position, Cetyl Myristoleate portfolio, growth strategies, and regional presence in the global Paper Diagnostic Market make the report investor’s guide.
Global Paper Diagnostic Market Scope: Inquire before buying

Global Paper Diagnostic Market
Global Paper Diagnostic Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Paper Diagnostic Market Key Players

• Acon Laboratories, Inc.
• Abbott
• Bio-Rad Laboratories
• and Siemens healthcare Gmbh.
• Abcam Plc
• Chembio Diagnostic Systems, Inc.
• Creative Diagnostics
• BiognostiX
• Kenosha C.V
• Navigate Genetic Science
• Alere
• Micro Essential Laboratory
• GVS Filter Technology
• ARKRAY Inc

 

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