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Paper Diagnostics Market worth is Projected to Reach US$ 15.7 Billion, following a CAGR of 8.1% by 2031

05-17-2024 07:46 AM CET | Health & Medicine

Press release from: Fact.MR

Paper Diagnostics Market

Paper Diagnostics Market

According to Fact.MR's most recent industry analysis, the global market for paper diagnostics is expected to be worth US$ 7.2 billion in 2021 and grow at a CAGR of 8.1% between 2021 and 2031, representing a more than twofold rise. Paper-based lateral flow assays are expected to be in high demand, accounting for more than 60% of total revenue by 2031.

Fact.MR's market study provides comprehensive insight on how the industry will expand. The study analyzes critical trends driving the growth of the Paper Diagnostics market. This recently published study throws light on critical factors such as the drivers, constraints, and opportunities for important market players and rising companies involved in production and supply. The latest study by Fact.MR gives a complete market analysis of paper diagnostics.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/connectus/sample?flag=S&rep_id=5454

The study provides relevant and valuable market information for Paper Diagnostics. The latest Fact.MR study contains details on the current market environment across major regions, as well as historical data and industry forecasts. The research also contains data on the sales and demand for Paper Diagnostics Market in various sectors and countries.

This recently produced and comprehensive study sheds light on Paper Diagnostics Market Insights, major variables, their impact on the full value chain from suppliers to end users, and the Paper Diagnostics Market's growth potential.

Key Takeaways from Paper Diagnostics Market Report

Lateral flow tests are predicted to observe significantly high demand over the forecast period of 2020 to 2030.
The hospitals and clinics segment is likely to remain the leading end user of paper diagnostics over the forecast period.
The global paper diagnostics market is expected to be led by North America, with the U.S. as the hub. East Asia will also see significant expansion during the projected period.
COVID-19 is likely to have a moderate impact on the growth of the paper diagnostics market until the end of next year.
"According to the National Center for Biotechnology Information (NCBI), autoimmune diseases are among the leading causes of death among young and middle-aged women in the United States, with prevalence rates ranging from less than 5 per 100,000 (chronic active hepatitis, uveitis) to more than 500 per 100,000 (grave disease, rheumatoid arthritis, thyroiditis). Against this environment, demand will continue to rise gradually as the focus remains on timely detection of autoimmune disorders,"said a Fact.MR analyst.

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž: https://www.factmr.com/report/5454/paper-diagnostics-market

Competitive Landscape

Major players are pursuing novel techniques such as groundbreaking marketing strategies, increased R&D investments, technical improvements, and mergers.

The Wyss Institute has created paper-based synthetic gene networks as a next-generation diagnostic tool for global healthcare issues and patient care. This new type of platform may potentially supply patients and customers with user-friendly texts for a range of other health issues.

In September 2017, U.S. ARKRAY, Inc. (ARKRAY) introduced the ADAMS A1c HA-8180V System for haemoglobin A1c testing. The system received FDA 510(k) clearance to aid in the monitoring and diagnosis of diabetics. This fully automated analyzer employs gold-standard HPLC technology.

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ: https://www.factmr.com/connectus/sample?flag=RC&rep_id=5454

Paper Diagnostics Market - Segmentation

Fact.MR's research study analyzes the global paper diagnostics market by product type, end user, and geography. This study discusses the thorough industry dynamics and trends connected with several market segments, as well as their impact on the worldwide paper diagnostics market's growth potential.

Product

Lateral Flow Assays
Dipsticks
Paper-based Micro Fluidics
End User

Hospitals & Clinics
Home Care Settings
Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa (MEA)

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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