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The Global Swab Market Analysis | Coherent Market Insights

The Global Swab Market is expected to exhibit a CAGR of 6.6% during 2018 u2013 2026.

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The Global Swab Market Analysis | Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. SWAB MARKET ANALYSIS Swab Market - Global Forecast to 2026, by Test Type (Blood, Urine, Saliva, and Others), by Product Type (Alcohol Swab, Cotton Swab, Dry Swab, and Gauze Swab), by Shaft Type  (Aluminum, Propylene, and Others), by End User (Hospitals, Clinics, Microbiology Laboratories, and Academia and Research Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  3. The global swab market size was valued at US$ 578.6 million in 2017, and is expected to exhibit a CAGR of 6.6% over the forecast period (2018 – 2026). Drivers • Swab is used in for cleaning wounds and disinfecting the pre injection site. High prevalence of chronic diseases is expected to propel demand for surgical procedures, which in turn is expected to drive the market growth. According to the, American College of Cardiology Journal (JACC) in December 2012, an estimated 40% people above aged 25 years are diagnosed with high blood pressure in the U.S., and the number of patients with elevated blood pressure has increased from 600 million in 1980 to a billion in 2008.

  4. Moreover, increasing incidences of road accidents and falls associated wound and injuries are propelling growth of the swab market over the forecast period. According to the World Health Organization (WHO) factsheet 2018, road accidents caused around 20 and 50 million injuries annually around the world. Road traffic injuries are the leading cause of death among people aged between 5 and 29 years, and more than 1.35 million people die annually, as a result of road traffic crashes globally.      

  5. Figure 1.Global Swab Market Value (US$ Mn), by Region, 2017

  6. Market Growth • North America holds dominant position in the global swab market, owing to high prevalence of cardiovascular disease, which leads to angioplasty and other surgeries. According to the American Heart Association, 2016, cardiovascular diseases accounted for around 17.3 million deaths annually worldwide, whereas an estimated 23.3 million people are expected to die from cardiovascular disease by 2030. • Moreover, increasing geriatric population susceptible to cardiovascular disease in this region is expected to bolster the market growth over the forecast period. According to the American Heart Association, December 2015, an estimated 85.6 million Americans suffers from some form of cardiovascular disease and nearly 50% of African and America adults are diagnosed with cardiovascular disease in which women comprised around 48% and men around 46%

  7. Moreover, key players in the market are focused on receiving the U.S. Food and Drug Administration (FDA) approval for novel products in diagnostic tools. For instance, in April 2018, Parsagen Diagnostic Inc., received the U.S. Food and Drug Administration (FDA) approval for PartoSure test, which consist of sterile flocked swab, lateral flow test strip, and vial with extraction solvent.

  8. Figure 2.Global Swab Market Share (%), by Shaft Type, 2018 and 2026

  9. Competitive Section Major players operating in the global swab market include Puritan Medical Products, Copan Diagnostics, Inc., Sarstedt AG & Co. KG, FI Medical MWE, CleancrossCo.,LTD., AdvaCare Systems, GPC Medical Ltd., Elmex Controls Pvt Ltd., and CitotestLabware Manufacturing Co., Ltd

  10. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/swab-market-2513

  11. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  12. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  13. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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