Market Overview:
A COVID-19 nasal swab test is a simple, free and painless procedure. During the testing, the physician uses a Q-Tip like swab to collect a sample from the inside of the nose. The test is quick and easy.
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Competitive Landscape:
Abbott Laboratories, Roche Holding AG, Becton Dickinson & Company, 3M Corporation, BioMerieux SA, Lucira Health, Mesa Biotech, Inc.,Siemens Healthineers AG, QIAGEN N.V., Cepheid, LumiraDx Ltd., Fluidigm Corporation, Quidel Corporation, GenMark Diagnostics, Inc., Sherlock Biosciences, PrivaPath Diagnostics Limited, and OraSure Technologies, Inc.
Key Drivers
The outbreak of Covid-19 has significantly raised the demand for nasal swab test. This is expected to foster growth of the COVID-19 nasal swab test market. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 186,240,393 cases and 4,027,861 deaths due to coronavirus disease were reported till July 11, 2021, across the globe.
Increasing government funding for research activities related to COVID-19 testing is again driving growth of the COVID-19 nasal swab test market. For instance, in November 2020, Puritan Medical Products Company, LLC, a British medical device company, received a funding of around US$ 11.6 million for increasing its testing efficiency by expanding its swab manufacturing unit. This expansion is projected to deliver at least 3 million swabs per month to be used for diagnosis of COVID-19.
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Covid-19 Impact Analysis
The market of COVID-19 nasal swab test market has witnessed strong growth owing to growing cases of COVID-19 and increasing research and development activities associated with testing. For instance, in July 2020, the Indian government launched the world’s most affordable COVID-19 test, which was developed by researchers at Indian Institute of Technology, Delhi. This COVID-19 test is a swab based RT-PCR test that gives results within 3 hours and is priced at INR 399 (US$ 5.34).
Key Takeaways:
- The COVID-19 nasal swab test market is expected to exhibit a CAGR of 2.6 % over the forecast period owing to growing burden of Covid-19 infection.
- North America is expected to witness significant growth owing to the increasing new product launch in the region. For instance, in January 2021, Procter & Gamble (P&G) has licensed its novel nasal swab to Rhinostics to launch and bring to the clinical laboratory market. P&G developed the swab as part to help communities address supply shortages and to bring creative solutions to bear on the challenges facing laboratories and supply chains during the COVID-19 pandemic.
Reasons to Purchase this Report
• Current and future of global COVID-19 Nasal Swab Test Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Diagnostics Type
- Market Snippet, By Mode
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- PEST Analysis
- Industry Trends
- Pipeline Analysis
- Key Highlights
- Epidemiology
- Pricing Analysis
- Reimbursement Scenario
- Regulatory Scenario
- Global Supply Chain Analysis
- Market Dynamics
- Global COVID-19 Nasal Swab Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Impact of COVID-19 on Demand and Supply of COVID-19 Nasal Swab Test
- Impact of Covid-19 on the COVID-19 Nasal Swab Test Market
- Global COVID-19 Nasal Swab Test Market, By Product Type, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Foam Tipped Swabs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Non-Woven
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global COVID-19 Nasal Swab Test Market, By Diagnostics Type, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Molecular Diagnostics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- CRISPR & Biosensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global COVID-19 Nasal Swab Test Market, By Mode, 2017 – 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Point-of-Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Non Point-of-Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global COVID-19 Nasal Swab Test Market, By End User, 2017 – 2028 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, For Regions, 2018 – 2028
- Regional Trends
- Hospital & Clinic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Laboratories & Diagnostics Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global COVID-19 Nasal Swab Test Market, By Region, 2017 – 2028 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, For Regions, 2018 – 2028
- Regional Trends
- North America
- Market Size and Forecast, By Product Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Diagnostics Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Mode, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Diagnostics Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Mode, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Diagnostics Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Mode, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Diagnostics Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Mode, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Product Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Diagnostics Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Mode, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Diagnostics Type, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Mode, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn)
- Market Size and Forecast, By Country/Region, 2017 – 2028 (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/covid-19-nasal-swab-test-market-3881
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