Medical Swabs Market Size, Share, Growth Analysis, By Type(Cotton Tipped, Foam Tipped, Non-woven, and Others), By Application(Specimen Collection, Disinfection, and Others), By End user(Hospitals & Clinics, Laboratories & Diagnostic Centers, and Research Institutes), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35B2147 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 91 | Figures: 76

Medical Swabs Market News

In January 2023, BD, an American multinational medical technology company that manufactures and sells medical devices, reported the launch of its new Aptima SARS-CoV-2/Flu A+B Combo Assay, a quick molecular test that can identify both SARS-CoV-2 and influenza A and B viruses from a singular nasal swab.

In February 2023, 3M, an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods, declared that it would upgrade its swab production capacity to support the rising demand for COVID-19 testing.

In March 2023, Copan Diagnostics, a global leader in sample collection and transport systems, full laboratory automation, digital microbiology, and AI for microbiology, introduced its new SureSwab Swab System, a single-use, self-contained swabbing solution that is supposed to be more user-friendly and efficient than other swabs.

In May 2023, SARSTEDT, one of the world's leading providers of laboratory and medical equipment, announced the release of its new system called SwabStation, a fully automated swabbing system that can process up to 1,000 swabs per hour.

Medical Swabs Market Report Snapshots

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Medical Swabs Market size was valued at USD 2.88 Billion in 2022 and is poised to grow from USD 3.07 Billion in 2023 to USD 5.24 Billion by 2031, at a CAGR of 6.9% during the forecast period (2024-2031).

The increasing number of new firms and already renowned names in the medical swabs market has driven up market competition. Industry leaders aiming to retain their market share keep up investments in R&D to improve product efficiency and quality. Strategic partnerships and collaborations with healthcare institutions is a good strategy that these companies can deploy to expand their reach and product range. 'Puritan Medical Products (US)', 'Medical Wire & Equipment (UK)', 'Braun Melsungen AG (Germany)', 'Cardinal Health (US)', 'SARSTEDT AG & Co. KG (Germany)', 'Bayer AG (Germany)', 'Clean Cross Co.,LTD. (Japan)', 'FL MEDICAL s.r.l (Italy)', 'Neogen Corporation (US)', 'Citotest Labware Manufacturing Co., Ltd. (China)', 'BD (US)', 'GPC Medical (India)', 'Copan Diagnostics, Inc. (Italy)', 'Elmex Controls Pvt Ltd. (India)', 'Medscape (US)', 'Strema S.r.l. (Italy)', 'AdvaCare (US)', 'Blue Manufacturing Company (US)', 'Unilever (UK)', 'Thermo Fisher Scientific Inc. (US)'

The healthcare industry can use medical swabs effectively for various purposes, including wound care, specimen collection, and diagnostics, resulting from the introduction and development of innovative materials and production techniques. Not only do these technological improvements increase regional demand for medical swabs, but also improve the standards of patient care by providing medical practitioners with better instruments for precise and dependable testing.

Rise of Sustainable Manufacturing Practices: With the growing use of sustainable production techniques, the medical swabs market is seeing a major trend. Companies are focusing on reducing carbon footprints, minimizing waste, and employing eco-friendly materials as they are made aware of the negative impact of their operations on the environment. This is in alignment with growing concerns over the world about sustainability and it also attracts environmentally conscious consumers. The adoption of sustainable practices in the medical swabs market is transforming the market fields of product development, supply chains, and consumer preferences.

In the medical swabs market, North America is clearly the leading region. Its superior healthcare infrastructure, strong adherence to infection control protocols, and significant investments in medical research and technology are what have earned it its place. North America continues to have a sizable portion of the market due to the presence of major players in the industry and reputable healthcare systems.

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