Medical Sterile Swabs Market Revenue to Cross US$ 4,586.05 Million by 2027 Says, The Insight Partners

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Medical Sterile Swabs Market Revenue to Cross US$ 4,586.05 Million by 2027 Says, The Insight Partners

December 08
10:45 2021
Medical sterile swabs market was valued at US$ 2,663.03 million in 2019and is projected to reach US$ 4,586.05 million by 2027; it is expected to grow at a CAGR of7.0% from 2020to 2027

According to The Insight Partners new market research study on “Medical Sterile Swabs Market to 2027 – Global Analysis and Forecast – by Product, andEnd User,”  The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth. A broader applications of medical sterile swab, growing demand of sterile swab for SARS-CoV-2 detection, and 3D printed sterile swabs are the factors driving the growth of the medical sterile swabs market; however, the challenges associated with sterile swab hinders the market growth.

Strategic Insights:

Report Coverage             

(Details)

Market Size Value in      

(US$ 2,663.03 Million in 2019)

Market Size Value by    

(US$ 4,586.05 Million by 2027)

Growth Rate     

(CAGR of 7.0% from 2020-2027)

Forecast Period

(2020-2027)

Base Year           

(2020)

No. of Pages     

(152)

No. Tables          

(57)

No. of Charts & Figures

(69)

Segments covered         

(Product ; End-User , and Geography)

Regional scope 

(North America; Europe; Asia Pacific; Latin America; MEA)

Country scope  

(US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina)

Report coverage             

(Revenue forecast, company ranking, competitive landscape, growth factors, and trends)

Get Sample PDF Copy of Medical Sterile Swabs Market at: https://www.theinsightpartners.com/sample/TIPRE00013466/

A sterile medical swab is a small stick with sterile cotton at the end, used for OB/GYN, surgeries, dental, or other medical applications. It is also used as an absorbent pad in surgery and applying medicine to clean wounds, apply the medication, or collect specimens. Medical swabs are sterile to protect the integrity of the samples. They often have a re-sealable sterile container or bag to maintain that integrity during handling and transportation to the laboratory.

Broader Applications of Medical Sterile Swab

The sterile swab plays a vital role in the sub-sectors of healthcare industry, such as medical, forensic, sample transport, and environmental testing. In medical sector, sterile swabs are used in various applications, such as applying medicine, collecting the sample, and cleaning a surface where it is hard with bare hands. Moreover, medical sterile swabs are also used for diagnosing, DNA testing, gynecological screening, wound care, and surgeries. The growing incidence of chronic diseases is expected to increase the demand for sterile medical swabs for the collection of samples.

Similarly, sterile medical swabs are widely used for molecular diagnostics, which include DNA and RNA testing as well as protein and enzyme analysis. A rise in research applications has increased the demand for sterile swab, as swabbing helps collecting unseen microorganisms and facilitates transferring bacterial samples for inoculating bacterial colonies. Thus, the outbreak of pandemic has resulted in increased clinical and diagnostics research applications to understand the physiology of the COVID-19.

The introduction of point-of-care (POC) and rapid diagnostic testing (RDT) technologies have increased the demand for sterile medical swabs. With this introduction, companies such as Puritan Medical Products and BD offer a wide range of sterile medical swabs in the market. Moreover, companies are upgrading sample collection kits with sterile swabs. For instance, in June 2020, the FDA approved Cue Health, Inc, rapid, portable, POC COVID-19 test. The company’s test kit includes a plastic tray containing one single-use Cue COVID-19 test cartridge, and one single-use wrapped sterile Cue sample wand (sterile swab). The test kit utilizes a nasal swab sample taken from the lower part of the nose and provides results in 25 minutes. Thus, the companies’ up-gradation of testing kits with sterile swabs is likely to foster the market growth.

Get the Latest COVID-19 Analysis on this market at: https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00013466

Based on product, the medical sterile swabs market is segmented into cotton tipped swabs, foam tipped swabs, non-woven swabs, and others. The cotton tipped swabs segment held the largest share of the market in 2019; however, non-woven swabs segment is anticipated to register the highest CAGR in the market during the forecast period.

Based on end-user, the medical sterile swabs market is segmented into hospital, clinics, diagnostic laboratories, and others. The hospital segment held the largest share of the market in 2019; however, diagnostic laboratories segment is expected to register CAGR in the market during the forecast period.

Medical Sterile Swabs Market: Competitive Landscape and Key Developments

3M; BD; Biosigma S.p.A; Dynarex Corporation; Lynn Peavey Company; MWE; Puritan Medical Products; FL MEDICAL s.r.l.; Super Brush LLC; and Copan Italia S.p.A.are among the leading companies operating in the medical sterile swabs market.

The companies have adopted inorganic and organic growth strategies to expand their global footprints and product portfolios to meet the rising demand for the medical sterile swabs and services. For instance, in July 2020, 3M has collaborated with the Sikes Lab to mutually develop the rapid COVID-19 test, along with establishing novel processes for scaling it. The collaborative efforts are determined to analyze result’s accuracy provided in within 10 minutes by the test. Based on the result, the company is likely to enhance its production.

Order a Copy of Medical Sterile Swabs Market Shares, Strategies and Forecasts 2020-2027 Research Report at: https://www.theinsightpartners.com/buy/TIPRE00013466/

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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