The Paper Diagnostics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Paper Diagnostics Market:
https://www.thebusinessresearchcompany.com/report/paper-diagnostics-global-market-report
According to The Business Research Company’s Paper Diagnostics Global Market Report 2024, The paper diagnostics market size has grown strongly in recent years. It will grow from $9.16 billion in 2023 to $10.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to need for affordable healthcare, global health crisis preparedness, point-of-care testing for chronic diseases, diagnostic applications in resource-limited settings, rapid results for timely decision-making, increased focus on preventive healthcare.
The paper diagnostics market size is expected to see strong growth in the next few years. It will grow to $14.49 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to advancements in paper-based biosensors, integration with wearable health devices, growth in personalized medicine, expansion of telehealth services, demand for early cancer detection, expansion of veterinary diagnostics, government initiatives for preventive healthcare.. Major trends in the forecast period include advancements in paper-based technologies, technological convergence in diagnostics, chronic disease management apps, multiplexing capabilities, use of microfluidics in paper devices, integration of smartphone technology.
Increased prevalence of heart diseases is expected to propel the paper diagnostics market going forward. Any condition that has an impact on the cardiovascular system is referred to as heart disease. A sensitive and quick microfluidic paper-based device (PAD) helps in the simultaneous detection of numerous cardiac biomarkers for the early and late diagnosis of acute myocardial infarction, as a result, the increased prevalence of heart diseases increases the demand for paper diagnostics. For instance, in August 2023, according to Statistics Canada, a Canada-based government organization, in 2021, fatalities resulting from heart disease in Canada amounted to 17.7% (55,271), marking an increase from the 1.6% recorded for heart disease-related deaths in 2020. Therefore, the increased prevalence of heart diseases is driving the growth of the paper diagnostics market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=8582&type=smp
The paper diagnostics market covered in this report is segmented –
1) Paper Diagnostics Market By Product: Dipsticks, Lateral Flow Assays: Paper Based Microfluidics
2) Paper Diagnostics Market By Device Type: Monitoring Devices, Diagnostic Devices
3) Paper Diagnostics Market By Application:Environmental Monitoring, Clinical Diagnostics, Food Quality Testing
4) Paper Diagnostics Market By End-User: Home Healthcare, Assisted Living Healthcare Facilities, Hospital And Clinics
Top Major Players
Chembio Diagnostic Systems Inc.
Major companies operating in the paper diagnostics market are focusing on advancement for POC test. In August 2023, Mylab Discovery Solutions, an India-based Mylab Discovery Solutions, launched two rapid point-of-care tests for detecting dengue infections: the rapid gold test and the high-accuracy dry luminescence assay test. These tests provide results within 15-20 minutes without the need for a laboratory setup. They can aid in determining the stage and progression of the infection, supporting dengue screening programs in resource-limited regions. The tests differentiate between IgM and IgG antibodies, offering healthcare professionals accurate tools for timely diagnosis and effective disease management.
The paper diagnostics market report table of contents includes:
1. Executive Summary
2. Paper Diagnostics Market Characteristics
3. Paper Diagnostics Market Trends And Strategies
4. Paper Diagnostics Market – Macro Economic Scenario
5. Global Paper Diagnostics Market Size and Growth
…..
31. Global Paper Diagnostics Market Competitive Benchmarking
32. Global Paper Diagnostics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Paper Diagnostics Market
34. Paper Diagnostics Market Future Outlook and Potential Analysis
35. Appendix
Read Related Reports:
https://www.thebusinessresearchcompany.com/report/diagnostic-imaging-services-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
