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Excellent Growth of Paper diagnostics market by 2026 | ACON Laboratories, Abbott, Bio-Rad Laboratories, GVS, Siemens Healthcare, Merck

The Paper Diagnostics report provides important, thoughtful and meaningful market insights for your business by considering various factors. Commitments and deadlines must be strictly adhered to when generating or delivering this report to the customer or other market reports. In addition, the Paper Diagnostics Report provides actionable, up-to-date real-time market insight data and information that makes it easy to make critical business decisions. This global market report provides market-predicted fluctuations in CAGR values from 2019 to 2026, which helps to estimate investment and costs.

Global paper diagnostics market is expected to rise to an estimated value of USD 11.91 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in prevalence of chronic diseases and a growth in the levels of innovations in products.

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Market Definition: Global Paper Diagnostics Market

Paper diagnostics are a category of diagnostic tests based on pH testing method utilized in detection of various infectious diseases, environmental and food quality tests. These tests involve the usage of medical devices created with papers and cellulosic substances as the base to provide chemical/molecule testing. These devices provide a cheaper and more efficient alternative to the other diagnostic methods as it provides accurate, point-of-care testing in minimal costs.

Leading major competitors currently working in the global paper diagnostics market: ARKRAY, Inc.; ACON Laboratories, Inc.; Abbott; Bio-Rad Laboratories, Inc.; GVS S.p.A.; Siemens Healthcare GmbH; Diagnostics for All, Inc.; FFEI; Navigene; Micro Essential Laboratory Inc; MedLife; Kenosha Tapes; Abcam plc; Abingdon Health; ACON Laboratories, Inc.; Chembio Diagnostic Systems, Inc.; Cytodiagnostics Inc.; DCN Diagnostics; NanoHybrids; Merck KGaA; Surmodics, Inc., Expedeon Ltd. among others.

Market Drivers

Increasing adoption and preference of POCT and in-vitro diagnostic methods; this factor is expected to drive the growth of the market

Growing levels of pollution in environments resulting in greater concerns regarding detection of pollutants; this factor is expected to drive the growth of the market

Benefits associated with this diagnostic method due to their low costs and effectiveness in circumstances when resources are inadequate; this factor is expected to drive the growth of the market

Market Restraints

Lack of applications in large quantities is expected to restrain the growth of the market

Inadequate knowledge and standards regarding the usage of these devices along with their appropriate applications; this factor is expected to restrain the growth of the market

Segmentation: Global Paper Diagnostics Market

By Product (Lateral Flow Assays, Dipsticks, Paper-Based Microfluidics),

Device Type (Diagnostic Devices, Monitoring Devices),

Application (Clinical Diagnostics, Food Quality Testing, Environmental Monitoring),

End-Use (Home Healthcare, Assisted Living Healthcare Facilities, Hospital & Clinics),

Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Key Developments in the Market:

In January 2019, MedLife announced that they had acquired Medlabz, helping MedLife provide diagnostic products and services to their consumers. This acquisition will also help in providing better technological offering due to their expertise in that particular field

In December 2017, PerkinElmer Inc. announced that they had completed the acquisition of EUROIMMUN Medical Laboratory Diagnostics AG which was announced in June 2017. This acquisition will further enable them in providing specialized clinical diagnostic services especially for autoimmune and allergies in an expanded geographical location

How this report will help companies to plan their investments and make strategies in the Paper Diagnostics market?

The Paper Diagnostics market research report classifies the competitive spectrum of this industry in elaborate detail.

The report also mentions regional or country level analysis, market shares for new entrants, critical success factors product sales figures, production value, currency and pricing, gross margins, current & future trends to elucidate imminent investment pockets etc.

This Paper Diagnostics market research report serves the businesses with making enhanced decisions, deal with marketing of goods or services, and accomplish better profitability by prioritizing market goals.

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