Wilmington, Delaware, Nov. 15, 2023 (GLOBE NEWSWIRE) --
Global Swab Market size is valued at US$ 1,025.4 million in 2023 and is predicted to rise at a substantial CAGR of 7.8% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
Several factors contribute to the growth of the global Swab Market. Diagnostic testing plays a crucial role in identifying and diagnosing various medical conditions. Swabs are extensively used for specimen collection, especially in molecular diagnostic tests like PCR (polymerase chain reaction). The growing demand for accurate and rapid diagnostic tests, including COVID-19 testing, has driven the demand for swabs.
Further, the prevalence of infectious diseases, such as influenza, strep throat, sexually transmitted infections (STIs), and other respiratory infections, has been increasing. Swabs are essential for detecting and diagnosing these infections, further driving the demand for swabs in the medical sector.
- According to a deep-dive market assessment by RationalStat, the swab market has been analyzed on the basis of market segments, including type, application, end user, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the swab market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the swab market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Swab Market: Segmental and Market Share Analysis
- Based on the Type, the alcohol swab segment is anticipated to dominate the market due to the significant medical use of alcohol swabs for collecting microbiological samples in hospitals, diagnostic centers, and pathology laboratories.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 1,025.4 million |
| Market Size Forecast | US$ 1,736.6 million |
| Growth Rate | 7.8% |
| Dominant Segment | Alcohol Swab |
| Leading Region | North America |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the swab market include,
- In March 2021, Roche Diagnostics launched a rapid antigen nasal test in UK. The latest addition to Roche’s COVID-19 portfolio is a test to support the healthcare systems in diagnosing COVID infection.
- In April 2020, the US FDA approved a Q-tip polyester swab produced by the Cleveland Company US cotton. This approval was granted to maximize the production of these products.0020
Some of the prominent players and suppliers operating and contributing significantly to the swab market growth include Cardinal Health, Bayer AG, Braun Melsungen AG, Puritan Medical Products, SARSTEDT AG & Co. KG, Medical Wire & Equipment, Neogen Corporation, Citotest Labware Manufacturing Co., Ltd., Blue Manufacturing Company, and Thermo Fisher Scientific Inc., among others.
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RationalStat has segmented the swab market based on type, application, end user, and region
- Global Swab Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Alcohol Swab
- Cotton Swab
- Dry Swab
- Gauze Swab
- Global Swab Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Specimen Collection
- Disinfection
- Others
- Global Swab Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
- Microbiological Laboratory
- Hospitals & Clinics
- Academia and Research Institutes
- Global Swab Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Swab Market
- US
- Canada
- Latin America Swab Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Swab Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Swab Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Swab Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Swab Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Swab Market
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Key Questions Answered in the Swab Report:
- What will be the market value of the swab market by 2030?
- What is the market size of the swab market?
- What are the market drivers of the swab market?
- What are the key trends in the swab market?
- Which is the leading region in the swab market?
- What are the major companies operating in the swab market?
- What are the market shares by key segments in the swab market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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