Swab Market Highlights:
Swabs are the absorbent medicated pads that are used in surgery and medicine. The application of swabs ranges from cleaning the wounds to taking sample. It consists of a shaft having an absorbent mounting, which contains various active compounds such as chlorhexidine, cetrimide, iodine etc. Such compounds have specific activity, which imparts a targeted action. However, alcohol swabs show non-specific activity.
The swab market is projected to reach USD 2.6 Billion by 2030 at 6.6% CAGR during the forecast period 2022-2030.
The major factor that drives the global swab market is the increasing prevalence of chronic diseases, which is followed various types of therapeutic surgeries. According to healthcare cost and utilization project report of 2017 in the U.S., about 22 million surgeries were performed in the year 2014. Most of these surgeries were performed in a hospital-based setting, according to the WHO, by 2020 three quarters of the total deaths will be accounted on the cause of chronic diseases. Moreover, based on 2015 report of WHO, it is estimated that the geriatric population will reach 1.6 billion by 2050. All these factors will fuel the market.
Factors such as rising geriatric population, increasing number of surgeries, and increasing per capita expenditure in healthcare will drive the market. However, factors such as lack of awareness and uneven distribution of the medical services will restrain the market.
Segmentation
The global swab market has been segmented based on test type, product, application, and shafts. Based on the test type, the market has been segmented as DNA, urine, saliva test, and others
Based on the product, the market has been segmented as alcohol swab, cotton swab, dry swab, and gauze swab, and others
Based on the application, the market has been segmented into pharmaceutical, microbiological, laboratory, and others
Based on the shaft, the market has been segmented as aluminium, polypropylene shaft, and others.
Regional Analysis
The Americas account for a significant swab market share owing to extensive use of medications and high expenditure on the health care. Also, concentration of major research companies and centres in the developed countries of this region is adding fuel to the market growth.
Europe is the second largest market in the world due to high income and healthcare penetration.
Asia Pacific region is expected to grow rapidly. China and India are likely to lead this market due to the fastest growing healthcare sector during the forecast period.
Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions, and poor healthcare development.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) market synopsis on Global Swab Market Research Report – Forecast till 2030.
Swab Market Players
The global swab market players are Puritan Medical Products., Sarstedt, MWE, SARSTEDT AG Co, Lab M Limited., Clean Cross Co.,LTD., GPC medical ltd., Citotest Labware Manufacturing Co., Ltd., Q-TIPS, and ELMEX.
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