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Global Swab Market size was valued at US$ 2.51 Bn in 2020 and the total revenue is expected to grow at CAGR 6.9% through 2021 to 2027, reaching nearly US$ 4.00 Bn.
Global Swab Market Overview:
The Global Swab Market research analysis report examines historical data as well as emerging technology to determine what is driving the industry's growth. The report also contains expert guidance to assist customers in focusing on their development objectives and making educated decisions. This research inquiry discusses the most crucial trend prospects and major drivers for the Global Swab market's growth. The market assessment for Global Swab also includes the opportunities and constraints that may affect market growth.
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COVID-19 Impact:
The COVID-19 accident has a wide-ranging influence on several racial and ethnic groups. Income and wealth, access to and utilisation of health care, education, occupation, discrimination, and housing are all interconnected socioeconomic determinants of health. For emerging market and developing countries, economic headwinds will come from a variety of directions. Even this dismal estimate is riddled with unknowns and significant risks. Primary and secondary research were utilised to identify major market participants, and primary and secondary research was used to determine their market shares.
Major Kay players:
• Thermo Fisher Scientific
• Puritan Medical Products
• SARSTEDT AG & Co
• Lab M Limited
• Clean Cross Co.
• Citotest Labware Manufacturing Co.
• ELMEX
• FL MEDICAL
• Neogen Corporation
• Sirchie and GROUPE LEMOINE
• Blue Manufacturing Company
• GPC medical ltd.
• Purdue Parma
• Copan Diagnostics
• Medscape
• Q-TIPS
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Swabs refer to medicated absorbent pads or materials
which impart medicinal properties. They are used
during surgeries and other medical procedures, for pre-injection or as wound
cleaners. Swabs generally contain antiseptics such as chlorhexidine, cetrimide
or iodine or disinfectants such as alcohol.As per the analysis of Market Research Future
(MRFR), the globalswab market is expected to showcase
moderate growth over the forecast period of 2017-2023.
The rise in the volume
of surgical procedures on a global scale is a prime driver of the globalswab market. The rising
burden of infectious diseases which necessitate treatment induce high demand
for swabs and consequently boost the growth of the global swab market.
Swabs are considered as an indispensable tool in
diagnostic procedures where they are used
for collection of samples. The surge in
the number of forensic and genetic sampling examinations has induced high
demand within the global swab market. Additionally,
there has been a sharp increase in the number of road accidents in
recent years. The occurrence of major wounds and injuries has escalated the
need for swabs which boosts the growth of the global swab market. Furthermore,
with the rise in disposable income on a global
scale, consumers are more inclined towards personal care. Other factors contributing to the growth of the
global swab market include a surge in the number of patient care centers,
increasing affordability among consumers, and high healthcare expenditure
purveyed by elevating levels of income.
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Advances in diagnostic design and manufacturing
process of swabs have resulted in better swabs with high performance and
greater absorption surface area which boosts the growth of the market. On
the other hand, the growth of the market might be
hindered by factors such as lack of awareness, low healthcare
expenditure in underdeveloped economies
and unavailability in certain areas.
Segmentation
The global swab
market has been segmented based on test
type, product, application, and shaft.
By test type, the
global swab market has been segmented
into DNA, urine, saliva test, and others.
By product, the
global swab market has been segmented
into alcohol swab, cotton swab, dry swab, gauze swab, and others.
By application,
the global swab market has been segmented
into pharmaceutical, microbiological, laboratory, and others.
By shaft, the
global swab market has been segmented
into aluminum, polypropylene shaft, and others.
Regional Analysis
By region, the
global swab market has been segmented
into the Americas, Asia Pacific (APAC), Europe, and the Middle East &
Africa (MEA).
The Americas is
domineering the global swab market on account of high healthcare expenditure
and large scale utilization of medications in the region. The region has the propensity
to adopt new technologies swiftly which coupled with the existence of key
research institutions in the developed economies of the region add fuel to the growth of the market.
Europe is the
second largest market for swab due to deep healthcare penetration and
substantial expenditure incurred on healthcare.
APAC market is spurred by the rapidly expanding healthcare
sector in the region. Increasing awareness and high amounts spent on healthcare
facilities in developing countries such
as China and India are likely to augment the growth of the market.
The MEA market is driven by the Gulf nations, Saudi Arabia and
UAE in particular. The Africa market is anticipated to showcase moderate growth
over the forecast period due to poor
healthcare development and weak economic conditions in the region.
Competitive Landscape
The key players
in the global swab market include ELMEX, Puritan Medical Products., Clean Cross
Co., LTD., Lab M Limited., Q-TIPS, GPC
medical ltd., Sarstedt, Citotest Labware Manufacturing Co., Ltd., MWE, and
SARSTEDT AG & Co.
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