The global Paper diagnostics market size is anticipated to around USD 11.0 billion by 2026, this market is anticipated to grow with 8.3% CAGR during the forecast time period. The market is driven by increasing government initiatives to encourage progressive diagnosis for infectious diseases. Also, increase in demand for better diagnostic solution also driving the growth of the market.
Growing demand for cost-effective healthcare in remote areas of emerging nations is foremost to increasing popularity of point-of-care diagnostic approaches in these nations. Furthermore, in developed nations, heightened acceptance of point-of-care diabetes test kits and pregnancy test kits is anticipated to work in favour of the industry.
Growing occurrence of diseases for instance, autoimmune diseases, cancer, and inflammatory diseases is one of the main parameters anticipated to drive the need for novel and speedy diagnostics procedures, thus boosting the market during the forecast timeframe. Such as, as per the American Cancer Society, in 2018, about 1.7 million new cancer cases are expected to be identified and 609,640 individuals are expected to die owing to cancer. The numeral of cancer cases is anticipated to increase by about 70.0% over the next two decades. This trend is expected to aid the market gain momentum during the forecast timeframe.
Introduction of technically advanced paper based diagnostic products, which bid sensitive and rapid results, is expected to increase industry development over the forecast timeframe. Growth of paper-based ELISA for detection of autoimmune antibodies in body fluid is anticipated to boost the need for technically progressive & upgraded lateral flow assays over the forecast timeframe. Lateral flow assays held an important share in the market in 2018, due to extensive application in disease diagnostics and related benefits for instance, robust & rapid results, ease of use, sensitivity, and cost efficiency.
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In 2018, North America was the most important regional market, due to growing need for self-testing devices paired with well-established healthcare infrastructure. Market players are involved in R&D activities to cost efficient, develop accurate, and sensitive paper based microfluidics. Emphasis on mergers and acquisitions, constant system upgradation through R&D investments and fund rising are some of the key strategies accepted by market participants.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the Paper diagnostics market are Abbott, Bio-Rad Laboratories, Acon Laboratories, Inc., Siemens healthcare, ARKRAY Inc., Abcam Plc, and Abingdon Health.
The global ambulatory surgical and emergency centers market is expected to grow at a CAGR of 6.2% over the forecast period 2019 to 2026 and market size is poised to reach US$ 203.1 Bn by 2026. Ambulatory surgery and emergency centers are medical care facilities that provide same-day surgery care which also includes consultation and diagnosis. It is a more convenient alternative to hospital based outpatient pro
The global ambulatory health care services market size is expected to surpass US$ 4.4 Tn by 2026 and will grow at a noteworthy CAGR of 5.9% over the forecast period 2019 to 2026. Ambulatory service centers (ASC) also referred as outpatient care centers. These are medical care facilities that provide outpatient services such as consultation, diagnosis, treatment, and intervention services. It is a more convenie
The global ambulatory EHR market size is expected to reach US$ 6.8 billion by 2026 and will grow at a CAGR of around 6.0% over the forecast period 2019 to 2026. The digital version of the patient’s record is known as the electronic health records. It includes a wide range of patient’s information such as medical history, ongoing medication, allergies, personal statistics, the status of immunization, demographics, and laborator
The global cancer biomarkers market size is expected to reach around US$ 29.8 Bn by 2026 and will grow at noteworthy CAGR of around 11.9% over the forecast period 2019 to 2026. Cancer biomarker is a substance that helps to indicate the presence of cancer in the body. This substance may be a molecule secreted by a tumor or specific response of the body to a tumor. Genetic, proteomic
The global 4D printing in healthcare market size is expected to reach around US$ 34.1 Mn by 2026 growing at a CAGR of around 29.6% over the forecast period 2019 to 2026. 4D printing is the latest technology in healthcare that is going to revolutionize the artificial organs and prosthetics industry. 4D printing is a product of collaboration work between MIT’s Lab and Stratasys. 4D printing is evolved 3D p
The global healthcare consulting services market size is expected to reach around US$ 22.8 Bn by 2026 and growing at a CAGR of around 9.8% over the forecast period 2019 to 2026. Healthcare consultancy service providers advice life science companies, government bodies, hospitals, insurance companies, and research institutes about business strategies. Digital consulting, financial consulting, operations consulta