Berlin, Germany, March 24, 2022 (GLOBE NEWSWIRE) -- According to a new market research report " Swab Market Size, Share, Growth & Trends Analysis Report By Product (Alcohol Swab, Cotton Swab, Dry Swab, Gauze Swab), Shaft (Aluminium Shaft, Polypropylene Shaft), Test Type (DNA, Urine, Saliva), Type covers (Cotton Tipped Swabs, Foam Tipped Swabs, Non Wave, Other), Application (Specimen Collection, Disinfection, Other), End-User (Microbiological Laboratory, Hospitals, Clinics, Academia and Research Institutes) – Industry Trends and Forecast to 2029” published by Data Bridge Market Research, analyses that the swab market is expected to undergo a CAGR of 6.48% during the forecast period. This indicates that the market value, which was USD 2.88 billion in 2021, would rocket up to USD 4.75 billion by 2029.
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Swab market analysis report examines various segments that are relied upon to witness the quickest growth amid the approximate forecast frame. With the particular base year and the historic year, definite estimations and calculations are carried out in this industry analysis report. Swab Market study also evaluates the market status, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The winning Swab market report is the best option to acquire a professional in-depth study on the current state for the market.
Market Analysis:
Swabs are increasingly gaining popularity in the backward economies. According to the US journal, more than 50% of the injuries in the country require swabs. This indicates that the more the surgeries and the more the use of swabs. Swabs are easily available in the market via both online and offline modes of distribution.
“Cotton Swab” dominates the application segment of the swab market owing to user friendly approach offered by them during the sample collection. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. In other words, swabs are also known as wipes which are medicated absorbent pads or materials. Swabs are used for wound cleansing, surgical procedures, first aid services and others. Swab contains absorbent material which exhibits medical properties.
Market Opportunities:
- Growth in the awareness about the benefits of cotton swabs
- Increasing demand for first aid kids
- Rising research and development opportunities
COVID-19 Impact on Swab Market
COVID-19 gave a push to the market in the upward direction. This is because of the increasing adoption of rapid diagnostic kits. Rising rate of hospitalization owing to the increasing prevalence of coronavirus infection has further fuelled up the Swab market growth rate. For example- in March 2020, Puritan Medical Products increased the production of these products up to a million per week. Moreover, with the rising relaxation post pandemic, the market is expected to grow leaps and bounds.
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List of Prominent Players in the Swab Market:
- Cardinal Health (US)
- Bayer AG (Germany)
- Braun Melsungen AG (Germany)
- Puritan Medical Products (US)
- SARSTEDT AG & Co. KG (Germany)
- Medical Wire & Equipment (UK)
- FL MEDICAL s.r.l (Italy)
- Clean Cross Co.,LTD. (Japan)
- Neogen Corporation (US)
- Citotest Labware Manufacturing Co., Ltd. (China)
- Unilever (UK)
- GPC Medical (India)
- Elmex Controls Pvt Ltd. (India)
- Copan Diagnostics, Inc. (Italy)
- Medscape (US)
- AdvaCare (US)
- Strema S.r.l. (Italy)
- Blue Manufacturing Company (US)
- BD (US)
- Thermo Fisher Scientific Inc. (US)
- Merck KGaA (Germany)
- Sirchie (US)
- GROUPE LEMOINE (France)
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On the basis of product type, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:
- Alcohol Swab
- Cotton Swab
- Dry Swab
- Gauze Swab
On the basis of Test type, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:
- DNA
- Urine
- Saliva
On the basis of Type, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:
- Cotton Tipped Swabs
- Foam Tipped Swabs
- Non Wave
- Other
On the basis of Application, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:
- Specimen Collection
- Disinfection
- Other
On the basis of End-user, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:
- Microbiological Laboratory
- Hospitals
- Clinics
- Academia and Research Institutes
View Detailed Report Analysis along with Facts and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-swab-market
Some of the key questions answered in this report:
- What is the global (North America, Europe, Asia-Pacific, South America, Middle East & Africa) sales value, production value, consumption value, import and export of Swab?
- Who are the global key manufacturers of the Swab Market? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Swab market opportunities and threats faced by the vendors in the global Swab Industry?
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
- What focused approach and constraints are holding the Swab market?
- What are the different sales, marketing, and distribution channels in the global industry?
With tables and figures helping analyse worldwide Global Swab Market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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Recent Development
- 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, 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.
The consistent Swab Market Research Report extends a reach to the success that is desired in the business. Businesses can gain current as well as upcoming technical and financial details of the Swab industry to 2029 with Swab market report. Get an in-depth market analysis with this report to thrive in this competitive environment. And this business report is sure to help grow the sales and improve return on investment (ROI). The company profiles of all the top market players and brands with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are revealed in the high quality Swab market report.
Region included are:
- North America
- Europe
- Asia Pacific
- Oceania
- South America
- Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Swab Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
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