According to a new market report published by Lucintel, the future of the paper diagnostic market looks promising with opportunities in the clinical diagnostics food quality testing, and environmental monitoring applications. The global paper diagnostic market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are rising prevalence of infectious diseases & cancer, surge in demand for point-of-care & in-vitro diagnostics, and increasing investment in research and development.
To download report brochure, please go to https://www.lucintel.com/paper-diagnostic-market.aspx and click "download brochure" tab from the menu
Paper diagnostics are paper and cellulosic materials based devices which are used to recognize and quantify biomolecules and chemical agents affecting health. In this market, lateral flow assays, dipsticks, and paper-based microfluidics devices are the major products. Lucintel forecasts that lateral flow assays will remain the largest segment over the forecast period due to its wide application in disease diagnostics and its feature such as robust & rapid results, sensitivity, ease of use, and cost efficiency.
Within this market, home healthcare will remain the largest segment by end user over the forecast period due to increasing awareness related to paper diagnostic benefits and increasing demand for nanomaterial & biomolecules.
North America will remain the largest region over the forecast period due to increasing demand for self-testing devices and presence of well-established healthcare infrastructure in the region.
Arkray, Acon Laboratories, Abbott Laboratories, Bio-Rad Laboratories, Abcam, Chembio Diagnostic Systems, FFEI Life Science, Navigene Genetic Science, Creative Diagnostics, and Siemens Healthcare are among the major suppliers in the global paper diagnostic market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global paper diagnostic market by product, device, application, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Paper Diagnostic Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global paper diagnostic market by product, device, application, end user, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Lateral Flow Assays
Dipsticks
Paper-Based Microfluidics Devices
By Device [Value ($ Million) shipment analysis for 2014 – 2025]:
Diagnostic Devices
Monitoring Devices
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Clinical Diagnostics
Cancer
Infectious Diseases
Other
Food Quality Testing
Environmental Monitoring
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Assisted Living Healthcare Facilities
Home Healthcare
Hospital and Clinics
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.