The Global Swab Market is growing mainly due to the rising cases of surgery. According to a recent study report published by the Market Research Future, The global Swab market is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
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.
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Swab Market – Sketch
Rising number of surgical procedures is the key factor driving the swab market. With the rising burden of chronic diseases, need of surgical procedures has also been escalating. As per the 2015 statistics suggested by Eurostat, cataract surgery, and colonoscopy were the two most common surgical procedures performed in European region. It is observed that in the year 2015, cataract surgery was performed one thousand times per 100 000 inhabitants specifically in Germany, Sweden, the Czech Republic, Luxembourg, Finland, Malta, Estonia, Austria, Portugal and France. Other common procedures include bronchoscopies, and transluminal coronary angioplasties. Road accidents have also found to be responsible for rising surgical procedures, occurrence of wounds due to injuries. For instance, according to a study published in the Journal of Injury and Violence Research in 2017, it is found that low and middle-income countries bear the major burden of road traffic incidents worldwide.
It is observed that for incision and drainage postoperative wound infection Medicare was providing reimbursement of USD 790.85 which is now exceeded to USD 1,030.52 in ASC. Whereas hospital outpatient payment has been exceeded to USD 2,148.00 from USD 1,414.28 this year.
Key Players for Global Swab Market
- Puritan Medical Products.,
- SARSTEDT AG & Co,
- Lab M Limited.,
- Clean Cross Co.,LTD.,
- GPC medical ltd.,
- Citotest Labware Manufacturing Co., Ltd.,
- Q-TIPS, and
Global Swab Market – Competitive 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.
Regional Analysis for Global Swab Market
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