Type Segment to Lead Market During 2021–2028
According to our new research study on “Swabs Collection Kit Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market is expected to grow from US$ 4,141.32 million in 2021 to US$ 5,641.68 million by 2028; it is estimated to register a CAGR of 4.5% from 2021 to 2028. The report highlights trends prevailing in the market and factors driving its growth. The market growth is mainly attributed to factors such as the rising number of COVID-19 cases and increasing demand for accurate and modern swabs collection kits. However, the lack of skilled professionals and limitation of swabs collection methods for instance, the rate of false-negative results in reverse transcriptase-polymerase chain reaction testing is a great concern to hinder the market growth.
Based on type, the swabs collection kit market is segmented into nasopharyngeal swabs, oropharyngeal swabs, and others. The nasopharyngeal swabs segment held the largest share of the market in 2021, whereas the oropharyngeal swabs segment is anticipated to register the highest CAGR in the market during the forecast period. Nasopharyngeal (NP) swabs are the highest-yield specimen type for upper respiratory viral diagnostic testing, including SARS-CoV-2, and according to the US FDA, the use of a flocked NP swab is the gold standard. At present, the demand for nasopharyngeal swabs has prominently increased due to their incumbent use in the diagnosis of active severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) infection. To reduce the risk of getting exposed to the deadly coronavirus while collecting swabs, Singapore has invented a robot that performs nasal swabbing to detect COVID-19. Clinicians from the National Cancer Centre Singapore (NCCS) and Singapore General Hospital (SGH) partnered with Biobot Surgical, a medical robotics firm, to develop the SwabBot.
Impact of COVID-19 Pandemic on Swabs Collection Kit Market:
The COVID-19 outbreak is adversely affecting industries worldwide, and this devastating effect is continuing in 2021 as well. The outbreak created significant disruptions in primary industries such as manufacturing, healthcare, energy & power, electronics & semiconductor, aerospace & defense, and construction. The COVID-19 pandemic has served as a vital growth opportunity for the swabs collection kit market. The market has experienced exponential growth during the pandemic due to tremendous demand for COVID-19 testing through PCR. There have been various factors, including increased incidence of COVID-19 positive patients, growth in swabs collection kit, and rise in production of reagents and kits. Early detection plays a crucial role in treating COVID-19 patients. Many biotechnological firms in the region are actively involved in the development of COVID-19 testing kits. Several manufacturers are developing swabs collection kits and systems for the detection of the COVID-19 virus. Companies have taken strategic steps to launch COVID-19 rapid tests, maintain their revenues, and nullify the consequence of COVID-19 on their operational capacities. Therefore, the need for early detection of respiratory infection diseases is likely to propel the swabs collection kit market growth during the forecast period.
BD; Puritan Medical Products; Laboratory Corporation of America Holdings; HiMedia Laboratories; Thermo Fisher Scientific, Inc.; Hardy Diagnostics; VIRCELL S.L; BTNX, Inc.; Formlabs, and Lucence Diagnostics are among the leading companies operating in the swabs collection kit market.
Swabs Collection Kit Market, by Region, 2021 (%)
Swabs Collection Kit Market Growth, Size and Analysis by 2028
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Swabs Collection Kit Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Nasopharyngeal Swabs, Oropharyngeal Swabs, and Others) and Application (Microbiology Laboratories, Diagnostic Laboratories, Hospitals and Clinics, Home Tests, and Others) and Geography
Swabs Collection Kit Market Growth, Size and Analysis by 2028
Download Free SampleSwabs Collection Kit Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Nasopharyngeal Swabs, Oropharyngeal Swabs, and Others) and Application (Microbiology Laboratories, Diagnostic Laboratories, Hospitals and Clinics, Home Tests, and Others) and Geography
In terms of type, the swabs collection kit market is segmented into nasopharyngeal swabs, oropharyngeal swabs, and others. Based on Application, the swabs collection kit market is segmented into microbiology laboratories, diagnostic laboratories, hospitals and clinics, home tests, and others. Geographically, the swabs collection kit market is segmented into five regions North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), Middle East & Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America).
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