Global Swab Market Overview
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 Swabs 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 market forecast 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).
The Medical swab market is affected due to the outbreak of the covid virus. However, as swab is a medical product the demand is higher. The need for nasal swabs is tremendous in many countries.
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..
among others are some key companies in the global Swab that are listed by MRFR for market research.
Global Swab Market Segmentation
Notably, rising number of surgical procedures is the key factor driving the medical swabsticks . 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.
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