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Paper Diagnostics Market, By Product (Dipsticks, and Lateral Flow Assays), by Device Type (Diagnostics and Monitoring), by Application, by Disease Types, by End Use and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

133 Pages | Published Date : 10 / 04 / 18  | Report Code: AV167 | Report Format: PDF

REPORT HIGHLIGHT

The paper diagnostics market is estimated to represent a global market of USD 5,302 million by 2017 with growth rate of 6.8%.

Market Dynamics

The traditional method for analyzing vital parameters such as glucose, oxygen level, and pH involves drawing of patient’s blood and was sent to the laboratory for analysis. Paper diagnostic technique presents a unique opportunity in analyzing these parameters with the simple, cost-effective and non-invasive method. This technology enables an individual to check vital parameters in-home facilities, and in remote areas. Continuous increase in incidences of communicable and non-communicable diseases such as cancer, tuberculosis, and HIV is considered to be a high impact rendering driver for this industry growth.

For example, as per the World Health Organization (WHO), cancer is considered to be one of the leading causes of mortality and morbidity globally. The organization stated that in 2012 around 14 million cancer cases were recorded across the globe. Paper-based systems offer a simple, affordable and easy method in these disease diagnosis, augmenting the market growth. Other factors such as rising demand for homecare, technological advancements, and increasing government support stimulate the product demand to some extent. However, increasing product recalls is anticipated to hamper user confidence hence pull back the market growth.

Product Takeaway

In terms of products, the global paper diagnostics market is divided as Dipsticks, and Lateral Flow Assays. Around 64% share of the total market is captured by lateral flow assays which are expected to maintain its dominance over the study period. During the year 2025, this segment is projected to capture more than 66% share of the total industry. These assays are widely used in terms of pregnancy tests. High growth of this segment is majorly attributed to the growing demand for miniaturized and non-invasive diagnostic procedures. Furthermore, associated benefits such as improved clinical sensitivity & specificity, better patient compliance, and cost reduction are expected to stimulate the segment growth significantly.

Global Paper Diagnostics Market, by Product, 2017 vs 2025

Device Type Takeaway

Device types segment is bifurcated as Diagnostics and Monitoring. The increasing acceptance of paper method has helped diagnostics segment to record significant revenue share. For instance, the paper-based point of care testing method is widely accepted among end-users as this technique capable of forming effective multiplexing as compared to nitrocellulose material. Associated advantages would, in turn, boost the uptake of paper diagnostics, driving the industry demand. Application segment is categorized into Food quality testing, Environmental monitoring, and Clinical Diagnostics. Among which, environmental monitoring captured approximately 18% share (lowest amongst another application area) of the total market through the study period. Disease types segment is divided into Infectious diseases, Cancer, Liver Disorders, and Other. Whereas, the end-user industry is classified as Research Laboratories, Home Healthcare, and Hospital Settings.

Regional Takeaway

In terms of geography, North America dominated the global market with 42.67% share in 2017. Increasing prevalence of infectious diseases such as tuberculosis, hepatitis, and HIV is expected to stimulate the rapid and effective diagnostic methods, augmenting the growth of this industry. For example, according to the Centres for Disease Control and Prevention data, in 2016, around 9,272 tuberculosis cases were recorded.

As a result, organizations such as the National Institute of Allergy and Infectious Diseases (NIAID) invest considerably to increase awareness about infectious diseases treatment and prevention among the patient population in the U.S. This would, in turn, boost the utilization of paper diagnostic techniques, driving the industry demand. On the contrary, Asia Pacific market is projected to grow with faster CAGR during the study period. Technological advancements such as a combination of nanotechnology with paper diagnostics, aging population, and increasing chronic disease incidences are considered to be a primary driving factor for the regional growth.

Key Vendor Takeaway

Major players operating in this industry include BiognostiX, Alere Inc., Siemens Healthcare, and Bio-Rad Laboratories. Introduction of technologically advanced products and strategic collaborations are considered to be a key parameter for being competitive in this industry. It is noted that established companies are actively engaged in strategic engagements to expand their product offering. For example, in July 2013, Diagnostics For All collaborated with MC10 in order to develop disposable, reader-less and quantitative paper-microfluidic device to measure micronutrients accurately.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

  • Dipsticks
  • Lateral Flow Assays

MARKET, BY DEVICE TYPE

  • Diagnostics
  • Monitoring

MARKET, BY APPLICATION

  • Food quality testing
  • Environmental monitoring
  • Clinical Diagnostics

MARKET, BY DISEASE TYPE

  • Infectious diseases
  • Cancer
  • Liver Disorders
  • Other

MARKET, BY END USE

  • Research Laboratories
  • Home Healthcare
  • Hospital Settings

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America
TABLE OF CONTENT

1. PAPER DIAGNOSTICS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. PAPER DIAGNOSTICS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. PAPER DIAGNOSTICS INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. PAPER DIAGNOSTICS MARKET LANDSCAPE
5.1. Market Share Analysis
6. PAPER DIAGNOSTICS MARKET – BY PRODUCT:
6.1. Overview
6.2. Dipsticks
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Lateral Flow Assays
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. PAPER DIAGNOSTICS MARKET – BY DEVICE TYPE
7.1. Overview
7.2. Diagnostics
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Monitoring
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. PAPER DIAGNOSTICS MARKET – BY APPLICATION
8.1. Overview
8.2. Food quality testing
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Environmental monitoring
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Clinical Diagnostics
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. PAPER DIAGNOSTICS MARKET – BY DISEASE TYPE
9.1. Overview
9.2. Infectious diseases
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3. Cancer
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4. Liver Disorders
9.4.1. Overview
9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5. Other
9.5.1. Overview
9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10. PAPER DIAGNOSTICS MARKET – BY END USE
10.1. Overview
10.2. Research Laboratories
10.2.1. Overview
10.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10.3. Home Healthcare
10.3.1. Overview
10.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10.4. Hospital Settings
10.4.1. Overview
10.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11. PAPER DIAGNOSTICS MARKET– BY GEOGRAPHY
11.1. Introduction
11.2. North America
11.2.1. Overview
11.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.2.3. U.S.
11.2.3.1. Overview
11.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.2.4. Canada
11.2.4.1. Overview
11.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.3. Europe
11.3.1. Overview
11.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.3.3. France
11.3.3.1. Overview
11.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.3.4. Germany
11.3.4.1. Overview
11.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.3.5. Rest of Europe
11.3.5.1. Overview
11.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.4. Asia Pacific (APAC)
11.4.1. Overview
11.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.4.3. China
11.4.3.1. Overview
11.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.4.4. India
11.4.4.1. Overview
11.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.4.5. Rest of APAC
11.4.5.1. Overview
11.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.5. Rest of the World
11.5.1. Overview
11.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.5.3. Latin America
11.5.3.1. Overview
11.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
11.5.4. Middle East and Africa
11.5.4.1. Overview
11.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
12. KEY VENDOR ANALYSIS
12.1. BiognostiX
12.1.1. Company Overview
12.1.2. SWOT Analysis
12.1.3. Key Developments
12.2. Alere Inc.
12.2.1. Company Overview
12.2.2. SWOT Analysis
12.2.3. Key Developments
12.3. Siemens Healthcare
12.3.1. Company Overview
12.3.2. SWOT Analysis
12.3.3. Key Developments
12.4. Bio-Rad Laboratories
12.4.1. Company Overview
12.4.2. SWOT Analysis
12.4.3. Key Developments
*Client can request additional company profiling as per specific requirements
13. 360 DEGREE ANALYSTVIEW
14. APPENDIX
14.1. Research Methodology
14.2. Abbreviations
14.3. Disclaimer
14.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Paper Diagnostics Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
Table 10 Paper Diagnostics Market, by Product, 2014 – 2025 (USD Million)
Table 11 Paper Diagnostics Market, by Divice Type, 2014 – 2025 (USD Million)
Table 12 Paper Diagnostics Market, by Application, 2014 – 2025 (USD Million)
Table 13 Paper Diagnostics Market, by Disease Type, 2014 – 2025 (USD Million)
Table 14 Paper Diagnostics Market, by End Use, 2014 – 2025 (USD Million)
Table 15 Paper Diagnostics Market, by Geography, 2014 – 2025 (USD Million)
Table 16 North America Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 17 U.S. Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 18 Canada Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 19 Europe Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 20 France Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 21 Germany Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 22 Asia Pacific Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 23 China Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 24 India Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 25 Latin America Paper Diagnostics Market, 2014 – 2025 (USD Million)
Table 26 MEA Paper Diagnostics Market, 2014 – 2025 (USD Million)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Paper Diagnostics Market, by Product, 2014 – 2025 (USD Million)
Figure 6 Paper Diagnostics Market, by Divice Type, 2014 – 2025 (USD Million)
Figure 7 Paper Diagnostics Market, by Application, 2014 – 2025 (USD Million)
Figure 8 Paper Diagnostics Market, by Disease Type, 2014 – 2025 (USD Million)
Figure 9 Paper Diagnostics Market, by End Use, 2014 – 2025 (USD Million)
Figure 10 Paper Diagnostics Market, by Geography, 2014 – 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• In-depth analysis of the key market dynamics
• Granular analysis of the current market scenario and expected factors to affect the market
• Detailed analysis of the geographic region, regional and county wise analysis
• Highlight on the strategies that are being adopted by the key players in this market to stay competitive
• Extensive analysis of the key players dominating the market

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Once the information is collected, and the forecasts are determined, we provide a clear written analysis of the market conditions. This includes detailed information on market segments regarding market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology upgradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From a research perspective, this information explains and substantiates estimated data finding and forecast which helps us to improve the accuracy of the final report. This helps our clients to make better business decisions as they possess all the market information they require.

Assumptions

  • The report provides the market in terms of USD million/billion at regional as well as country level
  • We have implemented a mixture of top-down and bottom-up approach to estimate the total market and market for an individual segment
  • We reviewed various publications from government and non-government organizations, analyst perspectives for different regions from the paid databases available to us
  • This data helped us extract historical data and market scenario for various countries
  • The total population of respective countries, end users, product demand, local presence of key players, and cost are considered to analyze market revenue
  • Fundamental industry dynamics, demand-supply ratio, and upcoming technological trends are considered for the forecast period.
  • Growth rates are estimated using correlation, regression, and time-series analysis
  • All market estimates and forecasts have been validated through exhaustive primary research with key industry participants and analyst perspectives

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