Report Sellers has added a new market research report “Paper Diagnostics – Global Market Outlook (2017-23)” to its offerings.
According to Report, 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.
Browse through the complete description and in-depth TOC on “Global Paper Diagnostics Market”
What does the 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
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
Global Paper Diagnostics Market has been segmented by products covered, applications covered, device types covered, end users covered and regions covered
Lateral flow assay kits
Food Quality Testing
Device Types Covered:
End Users Covered:
Other End Users
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
We have a large number of reports in healthcare Industry which can be accessed in the following link: https://www.reportsellers.com/category/healthcare-market-research-report
About Report Sellers
Report Sellers is a premium market research service provider offering market reports in varied sectors. We have a team of experienced analysts and publishers who continuously track the latest trends in different industries. Report Sellers is a brand of global repute and offers the best suited research services to its clients globally in the most satisfying manner. We have a strong network of industry experts who have successfully delivered complex research assignments in niche and top markets.
For more information, contact