Global Paper Diagnostics Market 2020 Analysis over Numerous Prominent Players | ARKRAY, Inc., ACON Laboratories, Inc., Abbott, Bio-Rad Laboratories, Inc., GVS S.p.A., Siemens Healthcare GmbH

The?Global Paper Diagnostics Market study with 100+ market data Tables, Pie Chat, Graphs & Figures is now released by Data Bridge Market Research. The report presents a complete assessment of the Market covering future trend, current growth factors, attentive opinions, facts, and industry validated market data forecast till 2026. Delivering the key insights pertaining to this industry, the report provides an in-depth analysis of the latest trends, present and future business scenario, market size and share of Major Players such as?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

Market Analysis:?Global Paper Diagnostics Market

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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Key Market Competitors:

Few of the major competitors currently working in the global paper diagnostics market are 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.

Competitive Analysis:

Global paper diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of paper diagnostics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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) - Industry Trends and Forecast to 2026

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

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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.

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

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Segmentation: Global Paper Diagnostics Market

By Product

Lateral Flow Assays
Dipsticks
Paper-Based Microfluidics

By Device Type

Diagnostic Devices
Monitoring Devices

By Application

Clinical Diagnostics
Cancer
Infectious Diseases
Liver Disorders
Others
Food Quality Testing
Environmental Monitoring

By End-Use

Home Healthcare
Assisted Living Healthcare Facilities
Hospital & Clinics

Reasons to Purchase this Report

Current and future of global paper diagnostics market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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