Report : Europe Medical Sterile Swabs Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Cotton Tipped Swabs, Foam Tipped Swabs, Non-woven Swabs, Others); End User (Hospital, Clinics, Diagnostic Laboratories, Other), and Country
Cotton tipped swabs segment by product is estimated to lead the market growth during the forecast period
According to The Insight Partners market research study of “Europe Medical Sterile Swabs Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product and End User,” The Europe medical sterile swabs market is expected to reach US$ 1,153.85 million by 2027 from US$ 689.19 million in 2019. The market is estimated to grow with a CAGR of 6.6% from 2020 to 2027. The report highlights trends prevailing in the Europe Medical Sterile Swabs market and the factors driving market along with those that act as hindrances.
Based on the product, the medical sterile swabs market is further segmented into cotton tipped swabs, foam tipped swabs, non-woven swabs, and others. In 2019, the cotton tipped swabs segment accounted for the highest share of the market. Growth in this segment is majorly attributed to the increasing adoption of cotton tipped swabs. They are disposable, user-friendly, absorbent, soft, low cost, safe, and incredibly useful in medical applications. Moreover, increased demand for the cotton tipped swabs for continuous supply is anticipated to offer a lucrative opportunity for segment growth.
On the other hand, the non-woven swabs segment is expected to witness the fastest growth rate because it is more absorbent than the woven swabs, hence are widely preferred for cleaning wounds. Moreover, they have a small wicking effect, have less lint and loose fibers, therefore used in medical applications. This would augment the increase of the non-woven swabs segment in the forecasted period.
The sterile swab plays a vital role in the sub-sectors of healthcare industry, such as medical, forensic, sample transport, and environmental testing. Under the medical sector, several applications, such as applying medicine, collecting the sample, and cleaning a surface where it is hard to reach can be seen. Medical sterile swabs are widely used for diagnosing, DNA testing, gynecological screening, wound care, and surgeries. The rising incidences of chronic diseases have increased diagnosis through clinical samples. The growing incidence of chronic diseases is expected to increase the demand for sterile medical swabs during the forecast period.
Europe medical sterile swabs market is expected to grow due to factors such as broader applications of medical sterile swab, growing demand of sterile swab for SARS-CoV-2 detection, and 3D printed sterile swabs. However, challenges associated with sterile swab are projected to hamper the market growth.
3M, BD, Biosigma S.p. A., Dynarex Corporation, Lynn Peavey Company, MWE, FL MEDICAL s.r.l., and Copan Italia S.p.A. are among the leading companies operating in the Europe Medical Sterile Swabs market.
The report segments in Europe Medical Sterile Swabs Market as follows: