Swabs Collection Kit Market Growth, Size and Analysis by 2028

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

Publication Month : Aug 2021

  • Report Code : TIPRE00023857
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 144
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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.

Lucrative Regions for Swabs Collection Kit Market

Lucrative Regions for Swabs Collection Kit Market
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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.

Swabs Collection Kit Market by Product - 2021 and 2028

Swabs Collection Kit Market by Product - 2021 and 2028
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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.

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Swabs Collection Kit Market: Strategic Insights

swabs-collection-kit-market
Market Size Value inUS$ 4141.32 Million in 2021
Market Size Value byUS$ 5641.68 Million by 2028
Growth rateCAGR of 4.5% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Akshay

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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.

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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type and Application and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


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.

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 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 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.

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.

The List of Companies - Swabs Collection Kit Market

 

  1. BD
  2. Puritan Medical Products
  3. Laboratory Corporation of America Holdings
  4. HiMedia Laboratories
  5. Thermo Fisher Scientific Inc.,
  6. Hardy Diagnostics
  7. VIRCELL S.L
  8. BTNX, Inc.
  9. Formlabs
  10. Lucence Diagnostics

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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