ver the past few years, there has been a lot of technological advancements in the area of diagnostics. Earlier the diagnostics procedures were time consuming, prolonged and expensive. After the entry of digital platforms into the field of medicine, there has been reduction of time in diagnostic procedures and the processes have become very rapid and robust. But the digital technology is not available in all regions especially the developing countries. As these technology are very expensive many countries are looking for cost effective techniques for diagnostics. To fulfil these rural circumstances, paper diagnostics comes into the picture. This strip of paper with layered with chemicals and antibodies which on interaction with the sample show change in colour. The main aim of this technology is to employ high-performance, cheap and disposable electronics to improve the quality of inexpensive tests.
The "Global Paper Diagnostics Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the paper diagnostics market with detailed market segmentation by product, device type, application, end user and geography. The report provides key statistics on the market status of the leading paper diagnostics market players and offers key trends and opportunities in the market.
- Based on product, the global paper diagnostics market is segmented into dipsticks, lateral flow assays, and paper based microfluidics.
- On the basis of device type, the market is segmented into diagnostic devices and monitoring devices.
- Based on application, the market is bifurcated into cancer, infectious diseases, liver disorders, and other applications.
- Based on end user, the market is bifurcated into home healthcare, assisted living healthcare facilities, hospitals and clinics, and other end users.
- Increasing prevalence of liver disorders, diabetes, infectious diseases, and cancer.
- Increasing need of cost effective diagnostics.
- Growing popularity of point-of-care diagnostic methods.
- Lack of specific regulatory framework.
- Limited quantitative application.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The paper diagnostics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the paper diagnostics market in these regions.
IMPACT OF COVID-19 ON PAPER DIAGNOSTICS MARKETCOVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Paper diagnostics market is moderately impacted due to COVID-19.
The report covers key developments in the paper diagnostics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from paper diagnostics market are anticipated to lucrative growth opportunities in the future with the rising demand for paper diagnostics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the paper diagnostics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ARKRAY, INC.
- BIO-RAD LABORATORIES, INC.
- ACON LABORATORIES, INC.
- GVS S.P.A.
- SIEMENS HEALTHCARE GMBH
- DIAGNOSTICS FOR ALL, INC.
- FFEI LIFE SCIENCE
- MICRO ESSENTIAL LABORATORY INC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The List of Companies
1. ARKRAY, INC.
2. BIO-RAD LABORATORIES, INC.
3. ACON LABORATORIES, INC.
5. GVS S.P.A.
6. SIEMENS HEALTHCARE GMBH
7. DIAGNOSTICS FOR ALL, INC.
8. FFEI LIFE SCIENCE
10. MICRO ESSENTIAL LABORATORY INC
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