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Paper Based Diagnostic Test Kits Market

Paper Based Diagnostic Test Kits Market

Paper Based Diagnostic Test Kits Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Paper Based Diagnostic Test Kits Market
FACT583MR

Overview

The paper-based diagnostic kit is used in blood or urine samples, where reactions between synthetic concoctions and antibodies are communicated with a suitable reagent, resulting in a change in shading. This type of test provides accurate results swiftly, allowing faster treatment of diseases once they are identified.

Lateral flow assay kits and dip test kits are among the oldest paper-based diagnostic kits. The use of nano-bio sensors in lateral assay diagnostic kits is intended to enhance the quality and accuracy of the test. Nucleic acids form the foundation for most diagnostic methods for the early detection of infectious diseases. New advances in paper-based diagnostic test kits have led to the development of paper-based microfluidic detection systems.

Paper based diagnostic test kits Market: Drivers and Restrains

Due to its rapid results, moderate accuracy, and lower pricing, it has been noticed that there is a high demand from medical practices at home, ambulatory surgical centers, and diagnostic centers. Unplanned pregnancy is driving the market in significant ways. As a result, paper-based test kits are being used in hospitals and clinics for diagnosis, which resulted in substantial growth of the market.

Increasing cases of the Covid-19 virus have led manufacturers to develop rapid Covid-19 testing kits. As a result, businesses reinvented themselves to combat the effects of the pandemic. Several fields, such as environmental assessment, food safety, and clinical diagnostics, have seen significant growth in the use of point-of-care (POC) tests.

COVID-19 outbreak forced changes in the paper-based diagnostic test kits market. Due to the ever-growing population, healthcare costs are increasing, where resources are less, and healthcare professionals are low. NAAT tests are relatively expensive for developing countries, which makes them inaccessible at various levels.

Key Trends

Women prefer to take pregnancy tests at home, which is one of the reasons why paper diagnostic test kits are in demand. Paper-based microfluidic technology and 3D wax patterning are expected to propel the market in the coming years.

The availability of paper diagnostics kits online is helping grow its business value. Government bodies invest a huge amount of capital into research and development to develop and manufacture paper-based testing kits every year, which fuels market growth by a large margin over the forecast period.

Regional Analysis

US remains one of the leading markets for paper based diagnostic test kits globally. The development of market in the US is also supported by government initiatives to improve the diagnosis of infectious diseases. Market growth is stimulated by various factors, which include key players with strong distribution networks in the United States.

Asia Pacific is expected to be the fastest expanding region during the next five years. Infectious diseases like tuberculosis and dengue are contributing to the rapid growth of the region. A growing concern about deadly diseases, such as Ebola, in the Asia Pacific region is likely to spur the growth of modernized healthcare systems.

A study shows the highest number of TB cases were spotted in South-East Asia and Western Pacific regions. A significant number of recent cases are reported from Indonesia, China, India, Pakistan, Bangladesh, South Africa, Nigeria, the Philippines, and Pakistan, South Africa, Bangladesh, and Nigeria.

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Paper Based Diagnostic Test Kits: Competitive Landscapes

The key players in the global paper based

  • Diagnostic test kit market are Roche Diagnostics Limited
  • Abbott Laboratories Inc.
  • Beckman Coulter Inc.
  • Becton Dickinson and Company
  • Siemens AG
  • Alere Inc.
  • Johnson and Johnson
  • ACON laboratories
  • Bio-Rad laboratories
  • Abingdon Health
  • Chembio-diagnostic systems
  • Cytodiagnostics
  • Bioporto
  • Enzo Lifesciences Inc
  • Imnora biosciences
  • others.

To secure market share, these companies invest heavily in R&D to create new products.

The Market Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

An Adaptive Approach to Modern-day Research Needs

Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)

Report Highlights:

  • A detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Interested to Procure The Data

Segmentation

By Product

  • Lateral Assay test kits
  • Dip stick test kits
  • Microfluid paper systems

By Application

  • Pregnancy test kit
  • Covid test kit
  • Drugs test kit
  • Diabetes test kit
  • Food quality test
  • Other diagnostic test kit

By End User

  • Hospitals
  • Diagnostic centres
  • Home care settings

By Region

  •  North America
  •  Latin America
  •  Japan
  •  Eastern Europe
  •  Asia Pacific
  •  Western Europe
  •  Middle East and Africa

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