The market for Paper Diagnostics Market is expected to reach US$ XX Bn By 2023.
Paper diagnostics are devices made of paper and cellulosic materials to recognize and quantify biomolecules and chemicals affecting health. There has been a rapid increase in interest in paper-based diagnostic methods in recent years. This is because the paper is cheap, widely available, easily engineered, biodegradable, combustible, biocompatible, sterilizable, hydrophilic, and easy to functionalize and process into diagnostic devices.
Paper diagnostics work on the principle of a chemical reaction between the coating on the paper and the substance that is to be tested, which produces a visible result that can be used for diagnosis. Due to the clear guidelines regarding the meaning of each visible result, paper diagnostics can even be used by untrained patients. This has resulted in a sturdy demand for paper diagnostics from patients suffering from conditions that require regular self-diagnosis.
The increasing prevalence of infectious diseases and lifestyle-related diseases has resulted in the growth of point-of-care diagnostics. In addition, the rise in the geriatric population globally has also led to growth opportunities for the paper diagnostics market. Rising acceptance of cost-effective and easily available rapid POC diagnostics, especially in the developing economies of the Asia Pacific region, is expected to boost the market growth of paper diagnostics over the forecast period.
The introduction of paper-based sensors and 3D wax printing devices, which are technologically advanced, exhibit potential advantages over conventional diagnostic technologies, such as user-friendliness, disposable nature, and low cost of production, which are factors contributing to the growth of this market.
Global Paper Diagnostic Market Revenue (USD Mn), By Products, 2016–2023
Global Paper Diagnostic Market Revenue (US$ Mn), By Applications, 2016–2022.
Global Paper Diagnostic Market Revenue (US$ Mn), By End-User, 2016–2022.
Global Paper Diagnostic Market Revenue (US$ Mn), By Geography, 2016–2022.
Alere, Inc., Bio-Rad Laboratories, BiognostiX, Navigene Genetic Science Pvt. Ltd., Micro Essential Laboratory, Kenosha C.V. Siemens Healthcare, GVS Filter Technology, Inc., and Others
The market for Paper Diagnostics Market is expected to reach US$ XX Bn By 2023.
The Paper Diagnostics Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2023.
The base year of this report is 2022.
Alere, Inc., Bio-Rad Laboratories, BiognostiX, Navigene Genetic Science Pvt. Ltd., Micro Essential Laboratory, Kenosha C.V. Siemens Healthcare, GVS Filter Technology, Inc.,are some of the major players in the global market.