Market Synopsis of Global Swab Market Scenario
Swabs are also known as wipes. They are medicated absorbent pads or materials, which are used as a part of surgery and medicine, pre-injection swabs, wound cleansers, or in a first aid kit. A swab consists of an absorbent material, which actually imparts the medical properties to the swab. These are pertained with antiseptics such as chlorhexidine, cetrimide or iodine or disinfectants such as alcohol. The antiseptics swabs that have active ingredients and show targeted and specific actions come under the medical products. On the other hand, alcohol swabs do not have active ingredient, thus, they do not show targeted action.
According to the healthcare cost and utilization project report of the U.S. published in 2017, over 22 million surgeries were performed in 2014. Over 50% of these surgeries occurred in a hospital inpatient setting, which added a boost to the market growth. Furthermore, according to WHO report on global disease burden, by 2020 chronic diseases will account for almost three quarters of all deaths worldwide and 71% deaths will be on account on Ischaemic Heart Disease (IHD). According to WHO report of 2015, the geriatric population will reach to 1.6 billion by 2025-2050, which in turn will increase the demand for the swab.
Increasing global disease burden followed by increasing number of surgeries, rising geriatric population, and increasing per capita expenditure in healthcare will drive the growth of the market. However, factors such as lack of awareness, uneven distribution of medical services, and low healthcare expenditures in developing countries may hamper the market growth over the assessment period.
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Key Players in the Global Swab Market:
Some of key players profiled in the report 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.
The global swab market has been segmented on the basis of 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 product, the market has been segmented as alcohol swab, cotton swab, dry swab, gauze swab, and others
Based on application, the market has been segmented into pharmaceutical, microbiological, laboratory, and others
Based on the shaft, the market has been segmented as aluminum, polypropylene shaft, and others.
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The Americas account for a significant market share owing to extensive use of medications and high expenditure on the health care. Additionally, the fastest uptake of new technology in the US drives the global swab market. Also, concentration of major research companies and centers 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 over 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.
The report for global swab market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
We are thankful for the support and assistance from Swab Market Research Report – Global Forecast till 2023 chain related technical experts and marketing experts during Research Team survey and interviews.
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