Swabs Collection Kit Market Key Companies and SWOT Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Swabs 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
- Report Date : Aug 2021
- Report Code : TIPRE00023857
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 144
The swabs collection kit market is expected to grow from US$ 4141.32 million in 2021 to US$ 5641.68 million by 2028; it is estimated to register a CAGR of 4.5% from 2021 to 2028.
Swab collection kits are individually wrapped sterile swabs for biomedical research or clinical diagnostic uses. Although especially popular in the field, swabs can be used in a variety of environments and specimen collection applications such as medical, forensics, genetics, microbiology, pre-analytical, diagnostics.
The growth of the swabs collection kit market is mainly attributed to factors such as rising number of coronavirus cases, increasing demand for accurate and modern swabs collection kit. 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.
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Swabs Collection Kit Market: Strategic Insights
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Swabs Collection Kit Market: Strategic Insights
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Market Insights
Rising Government Support for Medical Technologies
There is an increase in investments in medical research and development activities across the world. For instance, in February 2017, the Association of Indian Medical Device Industry (AiMeD) and Invest India signed a memorandum of understanding (MoU) to transform India into a global swab collection kit manufacturing hub.
Also, in August 2019, China’s National Medical Types Administration (NMPA) announced the expansion of the current medical device MAH pilot program from Shanghai, Beijing, Guangdong, and Tianjin to 21 cities and provinces. The program allows MedTech companies to allocate R&D and manufacturing activities across pilot cities and provinces. For instance, an R&D center in Shanghai holding the regulatory approval and IP of a device can outsource its manufacturing activities to neighboring areas such as Jiangsu and Zhejiang that have stronger manufacturing capacity. Thus, the growing government support for medical technologies is likely to favor the market growth
Type-Based Insights
The swabs collection kits market, by type, is segmented into nasopharyngeal swabs, oropharyngeal swabs and others. The nasopharyngeal swabs held the largest share of the market in 2021, whereas the oropharyngeal swabs are anticipated to register the highest CAGR of 4.9% in the market during the forecast period.
Application-Based Insights
By application, the swabs collection kit market application is segmented into microbiology laboratories, diagnostic laboratories, hospitals and clinics, home test, others. The hospitals and clinics are likely to hold the largest share of the market in 2021, whereas the diagnostic laboratories are anticipated to register the highest CAGR in the market during the forecast period.
Product launches and approvals are commonly adopted strategies by companies to expand their global footprints and product portfolios. Moreover, the swabs collection kit market players focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name globally.
Swabs Collection Kit Market Regional Insights
The regional trends and factors influencing the Swabs Collection Kit Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Swabs Collection Kit Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Swabs Collection Kit Market
Swabs Collection Kit Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 4.14 Billion |
| Market Size by 2028 | US$ 5.64 Billion |
| Global CAGR (2021 - 2028) | 4.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Swabs Collection Kit Market Players Density: Understanding Its Impact on Business Dynamics
The Swabs Collection Kit Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Swabs Collection Kit Market are:
- BD
- Puritan Medical Products
- Laboratory Corporation of America Holdings
- HiMedia Laboratories
- Thermo Fisher Scientific Inc.,
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Swabs Collection Kit Market top key players overview
The report segments swabs collection kit market as follows:
Global Swabs Collection Kit Market – By Type
- Nasopharyngeal Swabs
- Oropharyngeal Swabs
- Others
Global Swabs Collection Kit Market – By Application
- Hospitals and Clinics
- Diagnostic Laboratories
- Microbiology Laboratories
- Home Tests
- Others
Global Swabs Collection Kit Market– By Geography
North America
- US
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
South and Central America
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- BD
- Puritan Medical Products
- Laboratory Corporation of America Holdings
- HiMedia Laboratories
- Fisher Scientific, Inc
- Hardy Diagnostics
- VIRCELL S.L
- BTNX, Inc
- Formlabs
- Lucence Diagnostics
Frequently Asked Questions
Which type is expected to dominate the market in the forecast period?
The swabs collection kit market is led by type nasopharyngeal (NP) swabs are the highest-yield specimen type for upper respiratory viral diagnostic testing, including SARS-CoV-2, and the use of a flocked NP swab is the gold standard, according to the US FDA. At present, the demand for nasopharyngeal swab has prominently increased due to its incumbent use in diagnosis of active severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) infection. Rhinomed is a medical technology company based in Australia used its deep expertise in nasal airway technology to help overcome the global swab supply crisis in response to the COVID-19 pandemic. Other applications where nasopharyngeal swabs are used are for detection of a variety of upper and lower respiratory tract infections. With this constant innovation nasophayngeal swabs segment is likely to grow with a good pace in the forecasted period.
What are future trends of Swabs Collection Kit Market?
At-home testing kits are the testing instruments that help a person to perform tests at home and provide results in minutes. They also include health monitoring equipment to continuously check and control the health of the patient with antibody detection. At-home tests are very convenient to perform with comfort at home and are available at a very affordable rate. Self-tests are usually the advanced versions of rapid, point-of-care test kits that were originally designed for healthcare professionals and can be performed by the common person. The rising adoption of self-test and do-it-yourself (DIY) swab test kits due to convenience and rapid results is a major factor that is driving the collection kit market.
What is the regional analysis in terms of Microbial Air Sampler Market?
The growth of the region is attributed to factors such as rising public–private partnerships, and increasing funding activities are widely enhancing the performance of medical devices. Moreover, presence of well-developed healthcare infrastructure and government support are some of the prominent factors propelling the market growth in Asia Pacific. In Asia Pacific, India is the largest market for Microbial Air Sampler. The market growth in Asia Pacific is mainly attributed to factors such as the growing usage of microbial air samplers in combating Covid-19, increasing cases of food contamination by microbes. However concerns high capital investment for setting up advanced labs hinders the market growth in Asia Pacific.
What are the driving factors for the Swabs Collection Kit Market across the globe?
The growth of the swabs collection kit market 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. In July 2021, LabCorp has announced that Pixel by LabCorp COVID-19 PCR Test Home Collection Kits are now in 6,000 Walgreens stores nationwide and through Walgreens collaborations with on-demand delivery services DoorDash and Instacart. The newly expanded availability and delivery option advance Walgreens and LabCorp’s efforts to increase COVID-19 testing access in communities across the U.S., especially in underserved areas, which is contributing to the growth of the target market. Such strategic steps are also projected to drive the market growth.
What is Swabs Collection Kit mean?
Swab collection kits are individually wrapped sterile swabs for biomedical research or clinical diagnostic uses. Although especially popular in the field, swabs can be used in a variety of environments and specimen collection applications such as medical, forensics, genetics, microbiology, preanalytical, diagnostics. Sterile and individually wrapped fiber swabs are available in quantities of 50 with 20mm and 80mm break points. The swab collection kits provide a general-purpose collection method for molecular-based applications. Many sample types can be collected with these swab collection kits including from the mouth, nose, throat, and wherever a swab may be deemed appropriate per application. To use these swab collection kits, just swab any sample and break the tip into the swab collection kits tube prefilled with reagent. Samples are immediately stabilized and ready for transport or storage.
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Swabs Collection Kit Market
- BD
- Puritan Medical Products
- Laboratory Corporation of America Holdings
- HiMedia Laboratories
- Thermo Fisher Scientific Inc.,
- Hardy Diagnostics
- VIRCELL S.L
- BTNX, Inc.
- Formlabs
- Lucence Diagnostics
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