07-Jun-2021 | Facts and Factors
The latest finding for the “Sterile Swabs Market” has been encompassed in the latest study published on facts and factors. We estimate that the global sterile swabs market will grow at a steady CAGR growth of 6.7% and will project a value of USD 4.1 Billion in the year 2026 from a previous value of USD 2.56 Billion in the year 2020.
Sterile swabs are medicated absorbent materials or pads that have a wide range of applications such as absorption of bodily fluids during surgical procedures, collecting specimens for diagnostic testing, or applying medical substances to an anatomy of the human body. Sterile swabs usually allow for keeping a minimum contact in highly infectious environments. The major driving factors for the steady growth in the sterile swabs market are the rise of COVID-19 cases across the globe coupled with a proportional rise of other infectious diseases.
A bulk of volume in sales has led to the key manufacturers producing a better quality of sterile swabs during the forecast. Additionally, a rise a surge in rapid testing services during the COVID phase will further propel the growth of the sterile swabs market to project a higher market footprint.
Top Market Players
The key participants in the sterile swabs market are Puritan Medical Products, BD, 3M, FL MEDICAL Srl, DLS Medical, Dynarex Corporation, Medtronic, Advacare Pharma, Copan Italia S.p.A., Lynn Medical, Super Brush LLC, Biosigma S.p. A, and Medical Wire and Equipment Co Ltd (MWE), among others.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 2.56 billion |
Projected Market Size in 2026 |
USD 4.1 billion |
CAGR Growth Rate |
6.7% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Puritan Medical Products, BD, 3M, FL MEDICAL Srl, DLS Medical, Dynarex Corporation, Medtronic, Advacare Pharma, Copan Italia S.p.A., Lynn Medical, Super Brush LLC, Biosigma S.p. A, and Medical Wire and Equipment Co Ltd (MWE), among others., and others. |
Key Segment |
By Type, Application, End-Users , and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Market Dynamics
Constant collaborations and extensive research and developmental measures are equipped by the key participants in the region in order to stay competitive. Here are some notable events that took during the forecast –
- The FDA approved a Q-tip-type prototype polyester swab in order to fill up the vacuum created by a shortage of sterile swabs during a surge in COVID cases.
- Stratasys and Origin signed a collaborative partnership for the distribution, production, and promotion of 3D-printed nasopharyngeal swabs.
- Puritan Medical Products recently announced their decision to double their swab production from 20 Million swabs to 40 Million swabs per month.
The global sterile swabs market can be broken down into cotton-tipped swab, foam-tipped swab, non-woven swab, and others on the basis of types of product. The cotton-tipped swab is expected to occupy the largest market share during the forecast due to its easy usability and easy disposal measures. Furthermore, the low cost of these products will propel the growth of the segment during the forecast.
The global sterile swabs market can be disintegrated into hospitals & clinics, laboratories & diagnostics centers, and research institutes on the basis of end-users. The hospital & clinics will occupy the largest market share during the forecast owing to rapid testing measures and less downtime compared to the rest of the counterparts alongside and a rise of medical requirements and equipment due to complications in COVID-19 cases.
North America Will Witness The Largest Market Share During the Forecast Period
North America is expected to witness the largest market share during the advent of the forecast due to a surge in cases during the peak alongside a rise of other infectious diseases. Additional factors that include a surge in the market can be credited to the rising consumer awareness and increased consumer spending coupled with massive government support. Asia-Pacific is expected to witness significant growth during the forecast owing to a large part of the geriatric population.
Browse the full “Sterile Swabs Market By Type (Cotton Tipped Swabs, Foam Tipped Swabs, Non-Woven Swabs, & Others), By Application (Specimen Collection, Disinfection, & Others), By End-Users (Hospital & Clinics, Laboratories & Diagnostics Centers, & Research Institutes), And By Regions - Global And Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report at https://www.fnfresearch.com/sterile-swabs-market.
The global sterile swabs market can be segmented into:
Global Sterile Swabs Market: By Type Segment Analysis
- Cotton Tipped Swabs
- Foam Tipped Swabs
- Non-Woven Swabs
- Others
Global Sterile Swabs Market: By Application Segment Analysis
- Specimen Collection
- Disinfection
- Others
Global Sterile Swabs Market: By End-Users Segment Analysis
- Hospital & Clinics
- Laboratories & Diagnostics Centers
- Research Institutes
Global Sterile Swabs Market: By Regional Segment Analysis
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- GCC Countries
- South Africa
- Rest of MEA
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