According to FutureWise analysis the market for paper diagnostics in 2023 is US$ 17.41 billion, and is expected to reach US$ 28.21 billion by 2031 at a CAGR of 6.2%.
In paper diagnostics, biomolecules and chemical agents that affect health are recognized and quantified by using paper and cellulosic materials. In a diagnostic, paper can serve four purposes - transporting and measuring samples and analytes; supporting reactions; separating reactants from products; and communicating the results. Microfluidic, chemical, and biological diagnostic components are often incorporated into these devices to address the ASSURED (Affordable, Sensitive, Specific, User-friendly, Rapid and Robust, Equipment-free, Deliverable to end users) principles defined by the World Health Organization. Physicians can determine whether a patient has a disease based on the simple color change reaction. A network of fluid-wicking channels on paper can work in a similar manner to microfluidic chips in segregating, filtering, concentrating, mixing, and timing fluid reactions. Inkjet printers are used to lay down these features later. To improve the quality of low-cost tests, this technology employs high-performance, cheap, and disposable electronics. Microfluidic devices have been fabricated using paper as a substrate. The paper is biocompatible with a variety of biological samples, and provides detailed information about various paper substrates, listing their important characteristics and applications. For example, chromatography paper was used for detecting proteins and glucose in artificial urine samples by using photoresist to create hydrophobic lines on hydrophilic paper. Diagnostic tests performed on paper are used to detect a variety of infectious diseases. With its industry-standard accuracy in analysis and high data integrity, the report does a great job in highlighting the key opportunities available in the global Paper Diagnostics market, which players can use to reach a strong market position. Cancer, autoimmune diseases, and inflammatory diseases are some of the key factors expected to drive the market during the forecast period.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Paper Diagnostics Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Paper Diagnostics Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.