Paper Diagnostics Market Industry Analysis, Size, Share, Types and Applications, Growth and Forecast by 2022
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.
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.
Full report with Table of
Content: https://marketreportscenter.com/reports/571493/paper-diagnostics-global-market-outlook-2017-2023
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
• 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
…
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