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Medical Swabs Market Size, Share & COVID-19 Impact Analysis, By Type (Cotton Tipped Swab, Foam Tipped Swab, Non-woven, and Others), By Application (Specimen Collection, Disinfection, and Others), By End User (Hospitals & Clinics, Laboratories & Diagnostic Centers, and Research Institutes), and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI103318

 

KEY MARKET INSIGHTS

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The global medical swabs market size was valued at USD 2.34 billion in 2019 and is projected to reach USD 4.00 billion by 2027, exhibiting a CAGR of 6.9% during the forecast period.

COVID-19 Cover

This report covers COVID-19 impact analysis on Medical Swabs Market

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Since decades, swabs have been used by the healthcare industry for sample collection during any research activities or during a diagnostic procedure. Application of cotton plugged stick has become user-friendly for the healthcare personnel while withdrawing samples from the patients by having minimum contact with the infected person. This helped gain traction to the market value and is witnessing a steady growth over the years. However, pandemics have exceptionally leveraged the market potential owing to demand for sterile and wide variety of swabs for conducting point-of-care testing procedures. For instance, according to the World Health Organization (WHO), public health emergency all over the world was announced in January 2020 due to the spread of coronavirus. The pandemic crisis eventually led to higher demand of medical supplies such as sterile swabs, surgical masks, and diagnostic products likewise. Therefore, higher sales of products, increasing prevalence of infectious disease, and advancements in the quality of swabs are likely to pose a positive impact on the medical swab market during the forecast period.


Impact of COVID-19 Pandemic on Medical Swabs


Medical swab sale during the COVID-19 pandemic marked a positive increase, owing to its higher demand for rapid diagnostic testing. The increasing prevalence of coronavirus infections on a daily basis caused a pressure on hospitals as well as diagnostic centers for conducting test using sterile medical supplies. This accelerated the production rate of the swabs products. For example, the market leader Puritan Medical Products in March 2020 announced the increase of swab production upto 1 million per week to maintain the supply balance. Additionally, an Indian company named Suparshva Swabs multiplied the production of polyester swabs under the Tulips brand up to 5 million units per week in May 2020. Thus, the COVID-19 pandemic has created multiple growth opportunities for the manufacturers to increase their revenue during the forecast period.


LATEST TRENDS


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Technological Advancements in Swabs Production to Increase Market Potentiality


Advancements in any market are a positive approach in leveraging the market potentiality and market value. Though the medical swab market has a lower value attributed to its lesser sales and lower price value, however, sudden occurrence of pandemics such as Influenza, COVID-19, and others have led to tremendous demand for sterile swabs to collect samples. Similarly, to meet the shortage faced in such crisis, researchers are developing strategies to multiply the manufacturing of swabs. For example, during the COVID-19 pandemic in 2020, a team of researchers from USF Health 3D Clinical Applications Division created a 3D printed nasal swab. This nasal swab has received manufacturing permission from the regulatory bodies. In collaboration with Formlabs, the nasal swabs are being produced in Ohio and is likely to accelerate the production up to 100,000 per day. Therefore, innovations in the market is likely to surge the market value in the forecast period 2020-2027.


DRIVING FACTORS


Rise in Rapid Testing Procedures to Fuel Demand


Emergence of rapid testing procedures in the market has led to an increased demand for sterile swabs for specimen collection, disinfection and other applications. For example, the occurrence of COVID-19 pandemic in 2020, witnessed a surge in the rapid testing owing to rise in the coronavirus infections. Moreover, in June 2020 research has been initiated to launch self-swabbing test for COVID-19 diagnosis by the Stanford University of Medical. Additionally, in June 2020 the U.S. FDA approved Cue’s Health POC COVID-19 test kit that extracts nasal sample by swab technique. Therefore, the growing adoption of rapid testing by end users, is anticipated to promote the global medical swabs market growth during the forecast period.


Increasing Prevalence of Infectious Diseases is Augmenting Growth


A sudden rise in communicable diseases leading to global pandemic (COVID-19) has resulted in high demand for diagnostic procedures and products. According to the Worldometer statistics, there has been a continuous rise in the daily new cases in each country across the globe. On June 21st 2020, the U.S recorded a total of 16, 142 coronavirus positive cases in 24 hours. Thus, the daily record of higher cases has led to surge in the diagnostic tests so as to provide early treatment to the patients. Moreover, the rise in the coronavirus infections have also been recorded in the growing economies. For example, Brazil has recorded a total case of more than 12 lakh cases as of June 2020. This is likely to increase the sales of the swabs required for specimen collection of the samples.


RESTRAINING FACTORS


Demand-Supply Shortage to Limit Market Growth


Currently, amidst the COVID-19 pandemic crisis, most manufacturers are witnessing a rise in demand for sterile swabs for testing procedures. As, the manufacturers are struggling to meet the demand-supply balance, the shortage of medical supplies may lead to temporary closure of drive-thru clinics in developed countries. For instance, according to a CNN news article, a sudden closure of the drive-thru clinic was observed in Minnesota. In addition to this, the Department of Health in Ohio, announced to test only vulnerable patients due to global shortage of medical supplies such as swabs, sample collection tubes etc. Therefore, the sudden occurrence of the coronavirus pandemic led to a shortage of medical supplies, subsequently limiting the growth rate of the market.


SEGMENTATION


By Type Analysis


Cost Effectiveness to Drive Cotton Tipped Swabs Growth


On the basis of type, the market is categorized into cotton tipped swab, foam tipped swab, non-woven swab, and others. Among these, the cotton tipped swab dominated the market in 2019 owing to its use-friendly approach during specimen collection. As these swabs are disposable, the demand for its continuous supply is higher especially during pandemics. The sale for this product has increased during the COVID-19 pandemic outbreak as swabs are used for sample collection from the infected patients. Foam tipped swabs also showcased a considerable market share owing to its advantage during disinfection procedure. Non-woven swabs are used for cleaning and healing wounds, are cost-effective, and a better alternative to traditional gauze. The sale of these products are likely to accelerate during the forecast period because of the rise in infectious diseases, coupled with increasing demand for high standard sterile swabs.


By Application Analysis


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Growing Infectious Disease to Lead Specimen Collection Dominance


Based on application, the market is segmented into specimen collection, disinfection, and others. Higher prevalence of COVID-19 globally and increasing incidence of other infectious diseases among people are some of the major factors responsible for the dominance of the specimen collection in 2019. According to the worldometer statistics as of June 2020, more than 3 million samples were tested to diagnose coronavirus. The disinfection segment is anticipated to project a significant CAGR during the forecast period owing to the increase in the number of surgical procedures in hospitals. Cotton-tipped sterile swab are largely preferred for disinfecting an area and as they are disposable, their continuous supply is demanded from manufacturers.


By End User Analysis


Laboratories & Diagnostic Centers to Register Higher CAGR Owing to Demand in Diagnostic Procedures


In terms of end-user, the market is segmented into hospitals & clinics, laboratories & diagnostic centers, and research institutes. The hospitals & clinics segment is expected to hold the dominant medical swabs market share during the forecast period due to an increase in hospital stay of patients suffering from COVID infections. For instance, according to the Worldometer statistics as of June 2020, there were more than 39 lakh coronavirus active cases in the world. The laboratories & diagnostic centers are expected to grow at a higher CAGR due to the increase in the diagnostic procedures, coupled with the rise in sale of sterile swabs required for sample collection in both developed and emerging countries. Moreover, research institutes will also register a comparatively higher CAGR owing to the extensive research activities carried out for the development of COVID vaccine.


REGIONAL INSIGHTS


North America Medical Swabs Market Size, 2016-2027 (USD Billion)

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The market size in North America stood at USD 0.97 billion in 2019. The dominance of this region is attributable to the increasing prevalence of infectious diseases that demand continuous diagnostic procedures. For instance, according to worldometer statistics as of June 2020, 25 lakh coronavirus cases were recorded in the U.S itself. This led to increase in diagnostic procedure around the country and higher demand for medical swabs. The market in Europe is expected to grow at a significant CAGR owing to the rising awareness about the need for diagnosing infectious disease amid the pandemic as well as a surge in research activities for the development of vaccine against the virus. The market in Asia Pacific is expected to exhibit healthy growth owing to the rise in medical swabs sales, coupled with the increasing number of coronavirus testing facilities. In addition to this, market players in this region are making heavy investments, which in turn, will fuel the demand for sterile products such as sterile swabs. Latin America & the Middle East & Africa markets accounted for a comparatively lower share in the market owing to the lesser conductance of research activities that require specimen collection using a swab as well as lower conductance of diagnostic procedures.


KEY INDUSTRY PLAYERS


Robust Portfolio and Supply Chain Strategy of Puritan Medical Products to Help Lead Market


The global market is highly fragmented owing to the presence of both large and small scale industry players. Among them, Puritan Medical Products leads the market with a higher share owing to its robust product portfolio including cotton tipped swabs, polyester swabs, non-woven swabs, and more products. The company is focusing on the delivery of high quality standard products as stated by the U.S. Food and Drug Administration. Additionally, the company has a strong distribution channel boosting its sales all over the world.


Other players such as BD, Copan Diagnostics Inc., 3M, and many more were successful in marking their presence in the global market. Delivering improvised products and maintaining a demand-supply balance is the key strategy adopted by the key industry players in the global market.


LIST OF KEY COMPANIES PROFILED:



  • Puritan Medical Products (Maine, U.S)

  •  BD (New Jersey, U.S)

  •  3M (Minnesota, U.S)

  •  Copan Diagnostics Inc. (Italy, Europe)

  •  FL MEDICAL srl (Italy, Europe)

  •  DLS Medical (U.K, Europe)

  •  Dynarex (New York, U.S)

  •  Advacare Pharma (Maharashtra, India)

  • Other Players


KEY INDUSTRY DEVELOPMENTS:



  • April 2020 – The U.S FDA approved a Q-tip type polyester swab produced by Cleveland company U.S Cotton. The approval was granted to maximize the production of swabs amid the COVID-19 pandemic.

  • April 2020 – Stratasys and Origin signed a partnership agreement for swabs distribution and promotion manufactured by Origin. The swabs manufactured are 3D printed nasopharyngeal swabs.

  • May 2020 - Puritan Medical Products announced the decision to double its swab production in response to the COVID-19 situation. It is likely to product 20 to 40 million swabs per month.


REPORT COVERAGE


The report provides a detailed swot analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market, current trends and forecast, and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over the recent years.


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Report Scope & Segmentation


















































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



  Type; Application; End User; and Geography



By Type




  • Cotton Tipped Swabs

  • Foam Tipped Swabs

  • Non-woven Swabs

  • Others



By Application


 




  • Specimen Collection

  • Disinfection

  • Others



By End User


 




  • Hospital & Clinics

  • Laboratories & Diagnostics Centers

  • Research Institutes



By Geography


 





  • North America (the U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia- Pacific)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)

  • The Middle East & Africa (South Africa, GCC, and the Rest of Middle East & Africa)




Frequently Asked Questions

Fortune Business Insights says that the global medical swabs market size was USD 2.34 billion in 2019 and is projected to reach USD 4.00 billion by 2027.

In 2019, the North America market vale stood at USD 0.97 billion.

Growing at a CAGR of 6.9%, the market will exhibit a steady growth in the forecast period 2020-2027.

The cotton tipped swab is expected to be the leading segment in this market during the forecast period.

Increasing prevalence of infectious disease leading to growing need of diagnostic procedures is the factor driving the market.

Puritan Medical Products, BD, Copan Diagnostics Inc,are major players of the global market.

North America dominated the market share in 2019.

Launch of higher standard quality and varied types of swabs are expected to drive the adoption in the global market.

Medical Swabs Market Size, Share and Global Industry Trend Forecast till 2026
  • Jul, 2020
  • 2019
  • 2016-2018
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