AnalystView Market Insights has announced the addition of the “Global Paper Diagnostics Market” Industry Analysis and Opportunity Assessment 2014 – 2025” market research report. The global market is expected to grow at the growth rate of 6.8% to reach USD 8.96 billion by 2025.
The report analyzes the industry in terms of the product, device type, application, disease type, end-use and geography. This comprehensive study reveals the market estimate numbers for different market segments. Key industry dynamics, regulatory scenario, and strategic benchmarking and thorough competitive landscaping are discussed, spreading over 150 pages.
Traditionally, the paper was widely used in various analytical and bio-analytical methods owing to its low cost and unbiased nature. Nowadays, it has become one of the most attractive substrates for the development of effective sensing platform and low-cost disposable devices. Paper diagnostic technique is developed to conduct a wide range of complex medical diagnostic procedures for chronic disease diagnosis such as cancer, diabetes, and HIV.
Increasing incidence of chronic diseases coupled with the introduction of technologically advanced products spurs the industry growth to great extent. For instance, in March 2015, University of Rhode Island conducted a study to develop a new class of paper-based test strip which capable of handling multiple reagents by combining micro-patterning techniques and innovative paper-based valves. This innovative lab-on-technique will help patients to capture accurate quantitative results. Furthermore, increasing acceptance of paper-based diagnostics method among the patient population is expected to be another factor stimulated the market growth. For example, paper-based lateral flow test strips, such as for pregnancy test kits have been very successful product among pregnant women. On the flip side, low awareness of this technique in developing regions restrain the market growth to some extent.
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Key Takeaways
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Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include an additional 10 profiles of companies):
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