According to the latest report by IMARC Group, titled “Global Medical Swabs Market Forecast , Growth Size, Share, Industry Opportunity, Trends 2022-2027 ″ reached a value of US$ 2.92 Billion in 2021. Looking forward, expects the market to reach a value of US$ 3.57 Billion by 2027 exhibiting a CAGR of 4.70% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a Medical Swabs Market ?
A medical swab represents a medicated absorbent stick, pad, or material that is utilized in the medical industry as a single-use device. It is generally manufactured by using premium pharmaceutical-grade materials, such as sterile cotton, polyester, rayon, foam, etc., that are further sterilized by either gamma irradiation or ethylene oxide gas before distribution.
A medical swab is extensively utilized for surgical procedures, wound cleanliness, first aid, etc., as it contains absorbent compounds that exhibit medicinal properties. In line with this, it is ideal for transporting, culturing, and environmental sampling purposes in forensics and general medicine. Furthermore, a medical swab finds wide-ranging applications during preoperative cleaning and for isolating microorganisms in culture media, seeding plates, preparing smears, etc.
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What are the major market drivers in the Medical Swabs Market ?
The introduction of rapid testing procedures in healthcare facilities, owing to the growing prevalence of hospital-acquired infections (HAIs) and surgeries, is primarily driving the medical swabs market. Additionally, the increasing number of research labs, diagnostic centers, POS centers, etc., across countries is further catalyzing the market growth. Besides this, continuous technological advancements, such as the development of automatic swabs, lollipop swabs, and self-administering swabs, promoting user-friendly usage, and the expanding medical industry are acting as significant growth-inducing factors.
Moreover, extensive investments in R&D activities focusing on new product launches, including 3D-printed medical swabs, are also positively influencing the global market. Apart from this, easy availability of enhanced materials via offline and organized retail channels and the rising road accidents are anticipated to fuel the medical swabs market over the forecasted period.
Who is Major Key Players in Medical Swabs Market ?
Amiad Water Systems
Ascension Industries Inc.
Mann+Hummel
MTB Technologies Sp. Z O.O.
Ostwald Filtration Systems GmbH
Pall Corporation (Danaher Corporation)
Parker Hannifin Corporation
Pentair plc and SUEZ - Water Technologies & Solutions (Veolia Environnement S.A).
Breakup by Product:
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Regional Insights:
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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