Specimen Collection Swab Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Swabs, also called as wipes which are medicated absorbent materials or pads. We can use it as wound cleansers. However it is used in medicine, surgery, pre-injection swabs, or in a first aid kit. It includes an absorbent material imparting the medical characteristics to the swab. An antiseptics swab comes under the medical products due to its active ingredients showing specific actions. These consists antiseptics including cetrimide or iodine, chlorhexidine.The market is a perfect competition market with the presence of numerous market players and buyers. The market players are competing based on price, product innovation, and quality.

MARKET SCOPE

The "Global Specimen Collection Swab Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the specimen collection swab market with detailed market segmentation by product, application, site of collection, and geography. The report provides key statistics on the market status of the leading specimen collection swab market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global specimen collection swab market is segmented into nasopharyngeal (np) swabs, oropharyngeal (op) swabs and nasal swabs.
•   On the basis of application, the market is segmented into diagnostics and research.
•   Based on site of collection, the market is bifurcated into hospitals & clinics, home test.

MARKET DYNAMICS

Drivers-

•   Rising worldwide incidence of SARS-CoV-2.
•   Active role of government bodies.
•   Growing business operations by emerging and small-sized players.

Restraints-

•   Technical and clinical challenges.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The specimen collection swab market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the specimen collection swab market in these regions.

IMPACT OF COVID-19 ON SPECIMEN COLLECTION SWAB MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 Pandemic has increased the demand collection Swab across the globe. As these are essential for testing COVID-19. The rising number of cases across the globe has stirred the demand for Nasopharyngeal Swabs. Hence the rising number of cases has forced the government to increase the number of testing to help contain the pandemic. This move has boosted the demand for Nasopharyngeal Swabs as these are used in majority of the tests done. Furthermore, amidst the crisis growing innovation in material and collection techniques further drives the market. As due to the shortage in supply of these Swabs, researchers are working on new materials and techniques which can be used for sample collection.

The U.S. government signed a USD 760 million deal with Abbott over its BinaxNOW COVID-19 Ag Card in August 2021. With this, the government aimed at tripling the national testing capacity. Such collaborations between the diagnostic players and government bodies are anticipated to greatly benefit the swab suppliers in the country.

MARKET PLAYERS

The report covers key developments in the specimen collection swab market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from specimen collection swab market are anticipated to lucrative growth opportunities in the future with the rising demand for specimen collection swab in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the specimen collection swab market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BD
•   Puritan
•   3M
•   Super Brush
•   Copan Diagnostics
•   JianErKang
•   Sarstedt Inc.
•   JiaXin Medical
•   FL MEDICAL
•   Dynarex
•   GPC Medical Ltd.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Specimen Collection Swab Report Scope