The major factor that drives the Global Swab Market is the increasing prevalence of chronic diseases, which is followed various types of therapeutic surgeries. According to healthcare cost and utilization project report of 2017 in the U.S., about 22 million surgeries were performed in the year 2014. A majority of these surgeries were performed in a hospital based setting, According to the WHO, by 2020 three quarters of the total deaths will be accounted on the cause of chronic diseases. Moreover, on the basis of 2015 report of WHO, it is estimated that the geriatric population will reach 1.6 billion by 2050. All these factors will fuel the market.
Swabs are the absorbent medicated pads that are used in surgery and medicine. The application of swabs ranges from cleaning the wounds to taking sample. It consists of a shaft having an absorbent mounting, which contains various active compounds such as chlorhexidine, cetrimide, iodine etc. Such compounds have specific activity, which imparts a targeted action. However, alcohol swabs show non-specific activity.
such as rising geriatric population, increasing number of surgeries, and increasing per capita expenditure in healthcare will drive the market. However, factors such as lack of awareness and uneven distribution of the medical services will restrain the market.
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Global Swab Market – Competitive Analysis:
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 are some of the prominent players at the forefront of competition in the Swab market and are profiled in MRFR Analysis.
The global swab market is currently dominated by few players.
Puritan Medical Products is one of them by holding a strong share in the market. As of Jan 21, 2000, Puritan-Bennett Corp. was acquired by Airgas Inc. Product portfolio of company is categorized in six major categories i.e. Controlled Environments, Diagnostics + Specimen Collection, Environmental, Forensics + Genetics, Microbiology Media, and Medical. Swab is covered under Forensics + Genetics, which includes Puritan 5″ Sterile Large Round Foam Swab w/Polypropylene Handle, PurFlock Ultra 6″ Sterile DNA-Free Standard Flock Swab w/Plastic Handle & Tube, HydraFlock 6″ Sterile Large Flock Swab w/Polystyrene Handle, 80mm Breakpoint, Puritan 6″ Sterile Standard Cotton Swab w/Wooden Handle, Fab-Swab 5″ Sterile DNA Controlled Mini-tip Cotton Swab w/Wood Handle & Tube, and many others.
Sarstedt, Inc. is also one of the leading player in Swab market. The company develops, manufactures, and sells equipment and consumables in the medicine and research field. Product portfolio of company includes diagnostic products, laboratory products.
The Americas account for a significant market share owing to extensive use of medications and high expenditure on the health care. 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 during 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.
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