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Medical Swabs Market Size Will Reach to USD 4.67 Billion by 2028. Growing at 6.65% CAGR: Introspective Market Research

10-27-2022 12:50 PM CET | Health & Medicine

Press release from: Introspective Market Research

Medical Swabs Market Size Will Reach to USD 4.67 Billion by 2028.

Market Overview:
Global Medical Swabs Market Size Was Valued at USD 2.98 Billion in 2021, and is Projected to Reach USD 4.67 Billion by 2028, Growing at A CAGR of 6.65% From 2022 to 2028.

A medical device called a swab is used to take biological samples from the human body, transfer them, and preserve them. Based on the sample point, the swab shaft is chosen from a number of materials, including wood, polystyrene, and aluminium. Polystyrene makes up the shaft of flocked swabs, and a variety of shaft and head shapes, including nasopharyngeal, urethral, paediatric, and standard, are available depending on their intended use. The market for medical swabs is expanding primarily due to the rising number of viral diseases that need for swab collection.

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Market Dynamics:

Driver:
The usage of medical swabs has increased due to the increase in diagnostic techniques used to identify numerous STDs, respiratory conditions, influenza, and seasonal flu. Another important growth factor for the market is the recurrent spike in virus outbreaks and other infectious disorders. The development of point-of-care testing and self-testing technologies has also accelerated the use of medical swabs. The usage of medical swabs is also being driven by the high frequency of drug testing in several emerging regions.

Market Trend:
Any market's advancements are a good strategy for maximizing its value and potential. A sudden occurrence of pandemics like Influenza, COVID-19, and others has created a significant need for the items to gather samples, despite the market having a lower value due to its lower sales and price value. In a similar vein, researchers are working on methods to increase the production of swabs in order to address the scarcity that would result from such a catastrophe. For instance, a group of researchers from the USF Health 3D Clinical Applications Division developed a 3D printed nasal swab for the COVID-19 pandemic in 2020.

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Segmentation Analysis of Medical Swabs Market
By Type, the cotton-tipped segment is anticipated to have the highest share of the medical swabs market over the forecast period. The cotton tip of the medical cotton swab has strong water absorption. The disinfectant can wipe the skin even when it is full of disinfectant to achieve the disinfection effect.

By Application, the specimen collection segment is expected to dominate the medical swabs market throughout the projected timeframe. The increasing prevalence of diseases and the outbreak of the COVID-19 pandemic has stimulated the growth of the segment.

By End-User, the hospitals & clinics segment is expected to have the highest share of the medical swabs market in the projected timeframe. Most of the individuals prefer hospitals and clinics for swab sampling. Hospitals have special rooms for swab collection.

By Type
• Cotton Tipped
• Foam Tipped
• Non-woven
• Others

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By Application
• Specimen Collection
• Disinfection
• Others

By End-User
• Hospitals & Clinics
• Laboratories & Diagnostic Centers
• Research Institutes

Regional Analysis Of Medical Swabs Market
The medical swabs market in the Asia-Pacific region is anticipated to develop at the highest CAGR throughout the projected timeframe attributed to the outbreak of COVID-19 in this region. China and India are the two major highly populated countries in this region. 782, 160, 90, 82, 65, and 53 million swab tests were conducted in India, China, Indonesia, Vietnam, Australia, and Malaysia respectively. The outbreak of viral infections has also promoted the usage of medical swabs for the accurate diagnosis of a specific disease. The usage of medical swabs for the spreading of culture on agar media has prompted manufacturers to develop lab-grade medical swabs thus, boosting the growth of the market in this region.

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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

Players Covered In Medical Swabs Market are
• BD (U.S.)
• 3M (U.S.)
• Copan Diagnostics Inc. (U.S.)
• Roche Diagnostics (Switzerland)
• FL MEDICAL SRL (Italy)
• DLS Medical (U.K.)
• Dynarex (U.S.)
• Avacare Pharma (India)
• Puritan Medical Products (U.S.) and other major players.

Key Industry Developments In Medical Swabs Market

In August 2021, BD announced that the BD VeritorTM has received an Emergency Use Authorization (EUA) from the US Food and Drug Administration. The first at-home COVID-19 test will use smartphone computer vision technology to analyze and present test findings in a digital format.

In March 2021, In the United Kingdom, Roche Diagnostics released a fast antigen nasal test. The test to assist healthcare systems in diagnosing SARS-CoV-2 infection is the newest addition to Roche's COVID-19 portfolio.

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https://introspectivemarketresearch.com/reports/minimally-invasive-surgery-market/ https://introspectivemarketresearch.com/reports/hip-replacement-market/ https://introspectivemarketresearch.com/reports/cosmeceuticals-market/

Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1-773-382-1047

About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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