The Global Paper Diagnostics Market is projected to reach USD 10.69 billion by 2027. The market is estimated to be fueled up by the increasing use of paper-based testing kits for diabetes and pregnancy tests. Incisive demand for low-cost, disposable, non-invasive, and quicker diagnostic solutions for healthcare and environmental applications are augmenting the demand for paper diagnostics market. Easy availability of these paper diagnostic kits in a remote area, affordable & deliverable to end-to-end user aspects, rapid & robust design, easy usability, and decent accuracy in the results for many diagnostic tests have been some of the primary reasons behind the tremendous popularity of this diagnostic solution. While, increasing rate of infectious diseases, growing prevalence of chronic or lifestyle diseases due to unhealthy lifestyle & smoking, and rising popularity & reliability of the pregnancy test kits are some of the subordinate factors that help prosper the market.
The rising adoption rate of the paper-based test kits for diagnosis in the hospitals & clinics around the world helped the market grow extensively. Besides the growth of the ambulatory surgical centers in many developed and developing areas around the world has increased the popularity of the paper diagnostics system broadly.
The paper diagnostics devices have proven its superiority and promising solutions to disease management, especially in resource-constrained areas where the traditional expensive & highly sophisticated diagnostic options were evidentially unavailable in vast areas around the world.
The COVID-19 impact:
The COVID-19 pandemic has created endless disruptions to the manufacturing or production industries due to a shortage of resources in different parts of the world. The leading players in the industry are skeptical about the market’s future and try to redesign their strategies to support the challenge. The pandemic had a serious impact on the healthcare manufacturing units an overall hindrance on the healthcare facilities. The testing kit manufacturing industries in India and China have also been submerged into innovating and producing COVID-19 rapid testing kits. Many prominent players in the market have stopped investing in the R&D and relying on the available resources. However, as the manufacturing industries reopen their operational units, and increases the revenue generation process, the market is expected to be back on track from the Q4 of this current fiscal year.
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Further key findings from the report suggest
For the purpose of this report, Reports and Data have segmented into the global Paper Diagnostics Market on the basis of application, product type, end-use verticals, and region:
Application Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Product Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
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Table of Contents
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Paper Diagnostics Market Segmentation & Impact Analysis
Chapter 5. Paper Diagnostics By Application Insights & Trends
Chapter 6. Paper Diagnostics By Product Type Insights & Trends
Chapter 7. Paper Diagnostics By End-Use Verticals Insights & Trends
Chapter 8. Paper Diagnostics Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles 10.1. Acon Laboratories, Inc. 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. Abbott Laboratories 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives 10.3. Bio-Rad Laboratories 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Technology Insights 10.3.4. Strategic Initiatives 10.4. Siemens Healthcare GmbH 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Technology Insights 10.4.4. Strategic Initiatives 10.5. GVS S.p.A. 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Technology Insights 10.5.4. Strategic Initiatives 10.6. Diagnostics For All, Inc. 10.6.1. Company Overview 10.6.2. Financial Performance 10.6.3. Technology Insights 10.6.4. Strategic Initiatives 10.7. ARKRAY, Inc. 10.7.1. Company Overview 10.7.2. Financial Performance 10.7.3. Technology Insights 10.7.4. Strategic Initiatives 10.8. Navigene Genetic Science Private Ltd. 10.8.1. Company Overview 10.8.2. Financial Performance 10.8.3. Technology Insights 10.8.4. Strategic Initiatives 10.9. Micro Essential Laboratory Inc. 10.9.1. Company Overview 10.9.2. Financial Performance 10.9.3. Technology Insights 10.9.4. Strategic Initiatives 10.10. FFEI Life Sciences 10.10.1. Company Overview 10.10.2. Financial Performance 10.10.3. Technology Insights 10.10.4. Strategic Initiatives
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