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
Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013- 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Nasopharyangeal, Oropharyngeal & Nares), Configuration (Regular Swab, Flocked Swab & Others), Tip Material (Rayon, Polyster, Nylon, Foam, Cotton, Calcium Alginate & Others), Shaft (Plastic Shafts, Aluminium, Wooden Shafts, Resins & Others), Specimen (Throat Swab Specimen, Vaginal Swab Specimen, Penial Meatal Swab Specimen, Rectal Swab Specimen & Others), Application (Pharmaceutical, Microbiological, Laboratory & Disinfection), End User (Diagnostic Laboratories, Hospital & Clinics, Research & Academic Institutes, Home Healthcare & Others), Distribution Channel ( Direct Tender, Retail Sales & Others)
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Countries Covered
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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
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Market Players Covered
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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), Norgen Biotek Corp. (Canada), Path-Tec, LLC (U.S.), MWE (U.S.), BioCat GmbH (Germany), Miraclean Technology Co.,Ltd. (China) and Hardy Diagnostics (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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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.
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.
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.
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
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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Global Swabs Collection Kits Market – Industry Trends and Forecast to 2028
Europe Swabs Collection Kits Market – Industry Trends and Forecast to 2028
North America Swabs Collection Kits Market – Industry Trends and Forecast to 2028
Middle East and Africa Swabs Collection Kits Market – Industry Trends and Forecast to 2028
Asia-Pacific Swabs Collection Kits Market – Industry Trends and Forecast to 2028
Thermofisher Scientific, Inc., Medline Industries, Inc., Quest Diagnostics are Dominating the Europe Swabs Collection Kits Market in 2020
Puritan Medical Products, Thermo Fisher Scientific Inc. and BD are Dominating in the North America Swabs Collection Kits Market in 2020