Press release
Soaring Growth Expected in Paper Diagnostics Market Globally, 2025: Rapid Expansion Driven by Affordable Healthcare, Wearable Health Devices and Early Cancer Detection
Paper Diagnostics Market Size
What Is The Projected Market Size Of The Paper Diagnostics Global Market And How Exponential Is Its Growth?
The projected market size of Paper Diagnostics will see substantial growth in the next few years.
• Up from $9.75 billion in 2024 to $10.58 billion in 2025, at a compound annual growth rate (CAGR) of 8.5%. This growth is driven mainly by the 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, and increased focus on preventive healthcare.
• Predicted to rise to $15.93 billion in 2029, at a CAGR of 10.8%. This trend 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.
What Is Driving The Growth In The Paper Diagnostics Global Market?
The increasing prevalence of heart diseases is propelling the paper diagnostics market growth. Heart disease, which impacts the cardiovascular system, demands a sensitive and quick diagnostic solution for its early detection. A microfluidic paper-based device (PAD) serves to detect various cardiac biomarkers simultaneously, thus emerging as a critical tool in diagnosing acute myocardial infarction. As a result, the growing incidence of heart diseases fosters the demand for paper diagnostics. For instance, a report by the British Heart Foundation in 2024 showed that approximately 7.6 million people suffer from heart and circulatory diseases in the UK. These diseases account for approximately 27% of all deaths in the UK, with around 480 deaths each day. Therefore, the rising prevalence of heart diseases functions as a significant driver for the paper diagnostics market.
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Who Are the Key Players Driving Paper Diagnostics Market Growth?
• Navigene
• Siemens Healthcare GmbH
• Arkray Inc.
• Acon Laboratories Inc.
• Chembio Diagnostic Systems Inc.
• Kenosha Tapes
• GVS S.p.A
• Abingdon Health
• Micro Essential Laboratory Inc.
• Paperdrop Diagnostics
• Monadnock Paper Mills Inc.
• Bio-Rad Laboratories Inc.
• Diagnostics for All Inc.
• Sysmex Corporation
• Abcam Plc.
• Cytodiagnostics Inc.
• Abbott Inc.
• Alere Inc.
• NanoEntek Inc.
• BiognostiX
• Mologic Ltd.
• Becton Dickinson and Company
• BioFluidica
• BioDot Inc.
• Biopico Systems Inc.
• BioMedomics Inc.
• BioPorto Diagnostics A/S
• Danaher Corporation
• EMD Millipore
• EKF Diagnostics Holdings plc
What Are The Key Trends In The Paper Diagnostics Market?
Key trends showing major growth in the forecast period include:
• Advances in paper-based technologies
• Technological convergence in diagnostics
• Chronic disease management apps
• Multiplexing capabilities
• Use of microfluidics in paper devices
• Integration of smartphone technology
What Are The Segments Of The Global Paper Diagnostics Market?
The paper diagnostics market report includes the following segments:
1) By Product: Dipsticks, Lateral Flow Assays, Paper Based Microfluidics
2) By Device Type: Monitoring Devices, Diagnostic Devices
3) By Application: Environmental Monitoring, Clinical Diagnostics, Food Quality Testing
4) By End-User: Home Healthcare, Assisted Living Healthcare Facilities, Hospital And Clinics
Which Region Leads The Paper Diagnostics Market?
North America was the largest region in the paper diagnostics market in 2024. However, Asia-Pacific is forecasted to be the fastest-growing region in the coming years. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Paper Diagnostics Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Paper Diagnostics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Paper Diagnostics Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Paper Diagnostics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Paper Diagnostics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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