Lucintel Forecasts Paper Diagnostic Market to Grow at a CAGR of 7%-9%

According to the recent study the paper diagnostic market is projected to grow at a CAGR of 7%-9% from 2020 to 2025. Growth in this market is primarily driven by rising prevalence of infectious diseases & cancer, surge in demand for point-of-care & in-vitro diagnostics, and increasing investment in research and development.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in paper diagnostic market by product (lateral flow assays, dipsticks, and paper-based microfluidics devices), device (diagnostic devices and monitoring devices), application (clinical diagnostics (cancer, infectious diseases, and other), food quality testing, and environmental monitoring), end user (assisted living healthcare facilities, home healthcare, hospital and clinics, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Lateral flow assays market is expected to remain the largest segment during the forecast period.”       

Based on product, the paper diagnostic market is segmented into lateral flow assays, dipsticks, and paper-based microfluidics devices. Lucintel forecasts that the lateral flow assays market is expected to remain the largest segment during the forecast period due to its wide application in disease diagnostics and its features, such as robust & rapid results, sensitivity, ease of use, and cost efficiency.

“Within the paper diagnostic market, the home healthcare segment is expected to remain the largest end user.”    

Based on end user, the home healthcare segment is expected to witness the largest segment over the forecast period due to increasing awareness of paper diagnostic benefits and increasing demand for nanomaterials & biomolecules.

“North America will dominate the paper diagnostic market in near future.”

North America is expected to be the largest region over the forecast period due to increasing demand for self-testing devices and presence of well-established healthcare infrastructure in the region.

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Major players of paper diagnostic market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Arkray, Acon Laboratories, Abbott Laboratories, Bio-Rad Laboratories, Abcam, Chembio Diagnostic Systems, FFEI Life Science, Navigene Genetic Science, Creative Diagnostics, and Siemens Healthcare are among the major paper diagnostic providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/paper-diagnostic-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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