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. 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.
http://www.grandviewresearch.com/industry-analysis/paper-diagnostics-market
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