Continuous Approval of Diagnostics Tests for Effective Diagnosis of Sars-Cov-2 Infection Drives Market Growth

According to the National Health Expenditure Accounts (NHEA) report, healthcare expenditure in the United States increase by 4.6% in 2019. According to several data sources, COVID-19-related deaths, estimated, over 3 billion individuals, or 44% of the world’s population by November 2021. This growing rate of COVID-19 increased the demand of swab collection kit rapidly. With each passing decade and the increasing adoption of digitization, home diagnostics are readily becoming feasible and it is also uplifting the market rate. Therefore, increasing healthcare expenditure is expected to drive the growth of the market in coming years.

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Data Bridge Market Research analyses that the Swabs Collection Kits Market expected to reach USD 9,600.70 million by 2028 from USD 5,038.25 million in 2020, growing with a CAGR of 8.90% in the forecast period of 2021 to 2028. Increasing technical advancement, surging new and advanced methods to promote the usage of swab collection kits are likely to boost the growth of the global swabs collection kits market.

Growing emergence of COVID-19 pandemic is expected to drive the market's growth rate

The demand for the sample collection, diagnostic and testing kits products such as swabs and transport media augmented due to increased prevalence of COVID-19 population. The major market players in the global market took some necessary steps to bridge the gap and also helped the healthcare provider to efficiently diagnose and cure the patients. As the requirement for testing of infections is growing by the day, the companies came up with the strategic steps to cater with the ongoing pandemic. As the cases of COVID-19 augmented, the companies initiated steps that can be used to increase the manufacture and meet the growing demand for the swabs collection kits. Therefore, the emergence of the pandemic is expected to drive the market growth rate during the forecast period.

 Report Scope and Market Segmentation

Segment Analysis:

The swabs collection kits market is segmented on the basis of type, configuration, tip material, shaft, specimen, application, end user and distribution channel.

• On the basis of type, the global swabs collection kits market is segmented into nares, oropharyngeal, nasopharyngeal and others.

The nasopharyngeal segment of type segment is anticipated to dominate the swabs collection kits market

Nasopharyngeal segment is expected to dominate the Global swabs collection kits market with a CAGR of 9.1% in the forecast period of 2021 to 2028 owing to high adoption of technology by major market players in the market.

• On the basis of configuration, the global swabs collection kits market is segmented regular swab, flocked swab and others. Regular swab segment is expected to dominate the Global swabs collection kits market with a CAGR of 9.2% in the forecast period of 2021 to 2028 due to growing healthcare expenditure.
• On the basis of tip material, the global swabs collection kits market is segmented into polyester, nylon, calcium alginate, cotton, rayon, foam and others. Rayon is expected to dominate the Global swabs collection kits market with a CAGR of 9.1% in the forecast period of 2021 to 2028 owing to growing demand of swabs collection kits in the market.
• On the basis of shaft, the global swabs collection kits market is segmented into plastic shafts, wooden shafts, resins, aluminum and others. Plastic shafts segment is expected to dominate the Global swabs collection kits market with a CAGR of 9.0% in the forecast period of 2021 to 2028 due to rising prevalence of SARA CoV-2 population.
• On the basis of specimen, the global swabs collection kits market is segmented into vaginal swab specimen, penile meatal swab specimen, rectal swab specimen, throat swab specimen. Throat swab specimen segment is expected to dominate the Global swabs collection kits market with a CAGR of 9.1% in the forecast period of 2021 to 2028 due to rising prevalence of SARA CoV-2 population.
• On the basis of application, the global swabs collection kits market is segmented into pharmaceutical, microbiological, disinfection, laboratory and others.

The pharmaceutical segment of application segment is anticipated to dominate the swabs collection kits market

Pharmaceutical segment is expected to dominate the global swabs collection kits market with a CAGR of 9.0% in the forecast period of 2021 to 2028 because of increasing prevalence of aged population who are highly susceptible to transmittable diseases.

• On the basis of end user, the global swabs collection kits market is segmented into hospital & clinics, research & academic institutes, diagnostic laboratories, home healthcare and others. Diagnostic laboratories segment is expected to dominate the Global swabs collection kits market with a CAGR of 8.6% in the forecast period of 2021 to 2028 due to increasing number of players in the market.
• On the basis of distribution channel, the global swabs collection kits market is segmented into direct tenders, retail sales and others. Direct tender segment is expected to dominate the Global swabs collection kits market with a CAGR of 8.0% in the forecast period of 2021 to 2028 because of growing awareness regarding testing kits among patients.

Major Players

Data Bridge Market Research recognizes the following companies as the major swabs collection kits market players in swabs collection kits market Medline Industries, Inc (U.S.), Thermo Fisher Scientific Inc (U.S.), BD, (U.S.), Hologic, Inc., (U.S.), Quest Diagnostics Incorporated, (U.S.), GeneDx, Inc (U.S.), Puritan Medical Products (U.S.), VIRCELL S.L (Spain), Quidel Corporation (U.S.), Titan Biotech Ltd HiMedia Laboratories (India), DiaSorin Molecular LLC (U.S.), COPAN Diagnostics Inc. (U.S.), Lucence Health Inc. (U.S.), BTNX Inc. (Canada),

Market Development

• In 2020, Thermo Fisher Scientific, Inc. has announced the development of its COVID-19 testing coupled with sample collection kits by Everlywell. The company has received Emergency Use Authorization for the product TaqPath COVID-19 Combo Kit which also comprises extra method for sample collection which is offered by Everlywell. This has allowed individual customers to collect samples by using nasal swab samples. This will help in the development of the market in the upcoming years.
• In 2020, Thermo Fisher Scientific, Inc. has announced the growth and expansion of its manufacturing capacity in Scotland. This will enable manufacturing specialized sample kits due to increasing demand during the COVID-19 pandemic.
• In 2020, COPAN Diagnostics Inc. has took strategic steps to fulfil the increasing demand for sample collection kits in the pandemic. The company streamlined the manufacture of nasopharyngeal swabs and oropharyngeal flocked swabs. This has aided them to increase production and during the Coronavirus outbreak since diagnosis and sample testing became paramount.

Regional Analysis

Geographically, the countries covered in the swabs collection kits market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in swabs collection kits market during the forecast period 2021 to 2028

North America dominates the swabs collection kits market due to increasing R&D activities and different government efforts for the development of innovative concepts in this region. Moreover, U.S. is going to dominate the North America swabs collection kits market because of developing production plants by more major market players in this region.

Asia-Pacific is estimated to be the fastest-growing region in swabs collection kits market the forecast period 2021 to 2028

Asia-Pacific is expected to grow during the forecast period of 2022 to 2029 owing to the growth in healthcare management in this region. Additionally, surging public and commercial sector organizations' investments in research and development activities will further boost the growth of the swabs collection kits market.

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