SAN FRANCISCO, February 15, 2016 /PRNewswire/ --
Global paper diagnostics market is expected to reach USD 8.35 billion by 2022, according to a new report by Grand View Research, Inc. Increasing prevalence of infectious disorders and lifestyle associated diseases such as diabetes coupled with rising geriatric population base is expected to present this market with lucrative growth opportunities.
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In addition, rising adoption of cost effective and easily accessible rapid POC diagnostics especially in the developing economies of Asia Pacific region is expected to boost market growth over the forecast period. Furthermore, growing incidence rates of cancer is expected to serve paper diagnostics market as a driver. As reported by WHO, in 2012, cancer was among the prime causes of mortality worldwide with 8.2 cancer associated deaths and 14 million new cases, thereby expected to propel the need for development of rapid, portable and cost-effective paper diagnostics.
Browse full research report with TOC on "Paper Diagnostics Market Analysis By Product (Dipsticks, Lateral Flow Assays), By Device Type (Diagnostic, Monitoring), By Application (Clinical Diagnostics, Cancer, Infectious Diseases, Liver Disorders, Food Quality Testing, Environmental Monitoring), By End-use (Home Healthcare, Biotech-Pharma Research, Hospitals) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/paper-diagnostics-market
Introduction of technologically advanced paper based sensor, 3D wax printing devices have potential advantages over conventional technologies, associated benefits such as disposable nature, user friendliness and low cost of fabrication are the factors attributing towards the growth of this industry.
Further key findings from the report suggest:
Grand View Research has segmented the global paper diagnostics market on the basis of product, device, application, end-use and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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