Overview:

The global sterile medical swabs market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Medical swab is a wound of absorbent material attached at one end of stick which is used to collect sample, remove material, and apply medicines at any particular area of the body. The sterile medical swabs are commonly used for specimen collection.

There are various types of sterile medical swabs available in the market and are categorized based on material attached to the tip of test tube. These includes cotton tipped swab, foam tipped swab, non-woven swab, and other type of swabs.

Market Dynamics:

Rising rapid testing procedures across the globe is a key factor driving growth of the global sterile medical swabs market. Emergence of rapid testing procedures in the market has led to an increased demand for sterile swabs for specimen collection, disinfection and other applications.

The occurrence of COVID-19 pandemic in 2020 has witnessed a surge in the rapid testing owing to rise in the coronavirus infections. The need to have accurate and rapid diagnostic procedures to receive early treatment is resulted in growth of the target market recently.

In addition, growing prevalence of infectious disease across the globe is another major factor fueling sterile medical swabs market growth. The burden of chronic diseases is rapidly increasing worldwide. The proportion of the burden of NCDs is expected to increase to 57% by 2020. Almost half of the total chronic disease deaths are attributable to cardiovascular diseases; obesity and diabetes.

Key Trends:

Growing technological advancements in swab testing is a key trend witnessed in the global sterile medical swabs market. For instance, in June 2020, researcher of Indian Institute of Technology Hyderabad has developed an Artificial Intelligence-powered COVID-19 testing kit. This kit is able to perform the Covid-19 test at affordable cost in nearly 20 minutes. This type of initiatives are expected to support growth of the target market in the near future.

Regional Analysis:

For detailed understanding of market dynamics, the global sterile medical swabs market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region has dominated the global market in 2019 with highest market share. This was owing to high number of Covid-19 test conducted in the region during Covid-19 pandemic. In addition, high preference for testing among individuals has supported the market growth in the recent period.

However, the target market in the Europe and Asia Pacific region has witnessed strong growth in late 2020. The growing government initiative to reduce the covid-19 pandemic impact is resulted in growth of the target market in countries in Asia Pacific region.

Scope of the Report:

Detailed Segmentation:

Global Sterile Medical Swabs Market, By Type:

• Cotton Tipped Swab
• Foam Tipped Swab
• Non-woven Swab
• Other Types

Global Sterile Medical Swabs Market, By Application:

• Specimen Collection
• Disinfection
• Other Application

Global Sterile Medical Swabs Market, By End User:

• Hospitals & Clinics
• Laboratories & Diagnostic Centers
• Research Institutes

Key Players Covered:

Key players operating in the global sterile medical swabs market includes Puritan Medical Products Co. LLC, COPAN Diagnostics, 3M Co., Becton, Dickinson and Company, FL MEDICAL s.r.l., DLS Medical, Dynarex (QuickMedical), AdvaCare Pharma, Hardy Diagnostics, and Quest Diagnostics.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Sterile Medical Swabs Market by type, application, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global sterile medical swabs market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.