Paper Diagnostics Market Size, Share Analysis, Trends, Growth And Industry Forecast 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Paper Diagnostics Global Market Report 2023 identifies increased prevalence of heart diseases as the major driver for the paper diagnostics market's growth in the forecast period. 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.

The global paper diagnostics market size is expected to grow from $8.37 billion in 2022 to $9.08 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the paper diagnostics market is expected to grow to $12.59 billion in 2027 at a CAGR of 8.5%.

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Major competitors in the paper diagnostics market are Navigene, Siemens Healthcare GmbH, Arkray Inc., Acon Laboratories Inc., Chembio Diagnostic Systems Inc.,

A key trend in the paper diagnostics market includes the development of paper strip tests. Major companies operating in the paper diagnostics market are developing innovative tests to strengthen their position in the market. For instance, in May 2020, the Chemical Biological Center of the United States Army Combat Capabilities Development Command (CCDC), a US-based army research organization entered into a cooperative research and development agreement (CRADA) with the State of Delaware Division of Forensic Science, a US-based organization responsible for providing scientific services to the justice community and the Anne Arundel County Crime Lab, a US-based forensics crime lab of the Anne Arundel County Police Department, to develop a fentanyl detection test strip.

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The paper diagnostics market is segmented -
•By Product: Dipsticks, Lateral Flow Assays: Paper Based Microfluidics
•By Device Type: Monitoring Devices, Diagnostic Devices
•By Application: Environmental Monitoring, Clinical Diagnostics, Food Quality Testing
•By End-User: Home Healthcare, Assisted Living Healthcare Facilities, Hospital And Clinics
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the paper diagnostics market.

The Business Research Company's "Global Paper Diagnostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Paper Diagnostics Market Include:
1. Paper Diagnostics Market Executive Summary
2. Paper Diagnostics Market Characteristics
3. Paper Diagnostics Market Trends And Strategies
4. Paper Diagnostics Market - Macro Economic Scenario
5. Paper Diagnostics Market Size And Growth
……
26. Africa Paper Diagnostics Market
27. Paper Diagnostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Paper Diagnostics Market
29. Paper Diagnostics Market Future Outlook and Potential Analysis
30. Appendix

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