Paper Diagnostics Market Report

Market Insights

The Global Paper Diagnostics Market is expected to grow from USD 7.2 billion in 2020 to USD 11.0 billion by 2026 at a CAGR of over 7.5% during the forecast period.

Figure: Global Paper Diagnostics Market Size, 2020-2026 (USD Billion)

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What are Paper diagnostics?

Paper diagnostics are defined as devices that are made of paper or cellulosic materials to recognize and quantify chemical agents and biomolecules which affect health. Paper diagnostic products include lateral flow assays, dipsticks, and paper-based microfluidics.

Lateral flow assays are one of the most commonly used product types in various applications including pregnancy tests and diseases such as TB & HIV.

Key Players

Key players operating in the global Paper Diagnostics Market are-

• ARKRAY, INC. (Japan),
• ACON LABORATORIES, INC. (The U.S),
• GVS S.P.A. (Italy),
• Bio-Rad Laboratories, Inc. (The U.S),
• Abbott Laboratories (The U.S),
• Siemens Healthineers AG (Germany),
• Diagnostics For All Inc (The U.S),
• Navigene, Genetic Science Private (India),
• Kenosha C.V. (Netherlands), and
• Micro Essential Laboratory Inc (The U.S).

Market Dynamics

The growth of the global paper diagnostics market is primarily driven by a surge in demand for cost-effective diagnostic methods.

• The wide availability and superior properties of paper such as cost-effectiveness, biocompatible, biodegradable, and combustible among others are expected to propel the market growth at a significant rate during the review period.
• Growing emphasis on the development of advanced paper diagnostics is expected to create lucrative opportunities for the players operating in the global paper diagnostics market during the review period.

Segment Analysis

Application Trends

Based on application, the market has been segmented into clinical diagnostics, food quality testing and environmental monitoring.

• The clinical diagnostics segment has been further sub-segmented into cancer, infectious diseases, liver disorders and other.
• The clinical diagnostics segment is expected to register significant growth during the review period on account of increasing use of paper diagnostics in diagnosis of various ailments including ebola, malaria, and TB among others.

Regional Trends

Geographically, the market in North America accounted for the largest market share in 2020 owing to the presence of a strong healthcare industry coupled with high demand for advanced diagnostic solutions.

The market in Asia-Pacific is expected to register the fastest growth during the review period on account of rising product awareness coupled with the prevalence of a high number of people suffering from TB and dengue.

COVID-19 Impact on Global Paper Diagnostics Market

The covid-19 outbreak impacted the growth of paper diagnostics positively. The demand for rapid testing diagnostics increased significantly with a spike in covid-19 cases across geographies. The coronavirus outbreak has taken a massive toll on individuals, communities, families, and societies around the world.

Critical Questions Answered in the Report

• What are the key trends in the global paper diagnostics market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global paper diagnostics market?
• What are the key strategies adopted by the major vendors to lead in the global paper diagnostics market?
• What is the market share of the top vendors?

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Target Audience

The following is a list of the customers that the Paper Diagnostics market aims to convert the most:

• Paper diagnostics manufacturers
• Paper diagnostics suppliers
• Paper diagnostics distributors
• Organizations
• Government bodies

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