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Swab and Viral Transport Medium Market

Swab and Viral Transport Medium Market

Swab and Viral Transport Medium Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Swab and Viral Transport Medium Market
FACT5221MR
  • Oct-2020
  • List of Tables : 24
  • List of Figures : 76
  • 170 Pages
  • Healthcare

Global Swab and Viral Transport Medium Market Overview

Demand in the swab and viral and transport medium market has witnessed remarkable upsurge in the recent past, as the number of tests and laboratory experiments are registering an unprecedented high during the COVID-19 pandemic.

While the pandemic is currently acting as a catalyst for market growth, growing emphasis by market players on the development of advanced testing processes such as rapid antigen testing and molecular essay experiments will aid in sustaining demand in the long run.

Swab and viral transport medium aid microbiologists in collecting, transporting, and preserving biological samples meant for testing & research purposes. To curb the spread of the infection, governments across the world are working closely with healthcare technology service providers to ensure wide-scale testing of COVID-19 infections.

In addition to the ongoing trend of COVID-19 infection, prevalence of commonly-transmitted diseases such as influenza and herpes will continue to drive demand in the swab and viral transport medium market after the COVID-19 outbreak is contained.

  • For instance, influenza severely affects over 3 to 5 Mn people and leads to 650,000 deaths annually, and requires collection and transport of nasopharyngeal swabs.
  • Likewise, nearly 776,000 people in the United States contract genital herpes infections every year, according to the Centers for Disease Control and Prevention (CDC). This necessitates the usage of swab and viral transport medium to collect and store vaginal swabs.
  • Similarly, several infections require the collection of swab from different parts of the body and means to safely store the samples.

These factors will continue to act as tailwinds to the expansion of the swab and viral and transport medium market size.

Market players are capitalizing the growing number of infections, and are up-scaling their production capacities and offerings to facilitate efficient storage options for biosamples. Impelled by these factors, Fact.MR, in a new study, has projected that the global swab and viral transport medium market will surpass a valuation of US$ 2.2 Bn by the end of 2030.

Swab and Viral Transport Medium Market Insights by Product

Over the years, there has been considerable improvements in swabs, with innovations such as double-ended flocked swabs, kits with integrated vials, etc., which have been aiding the growth of the swab and viral transport medium market.

On these lines, there are different types of swabs for different infections, such as nasal swabs, nasopharyngeal swabs, and throat swabs, which will continue to bestow lucrative revenue opportunities.

On the other hand, the transport medium is expected to drive a majority of market revenue. High demand for transport is attributable to continual need for transporting viruses, chlamydia, and mycoplasms for research, including conventional cell culture methods, diagnostic tests, and molecular biology techniques.

Moreover, backed by raising awareness regarding preventable infectious diseases across the world, the transport medium will grow at a rapid pace over the coming years.

swab and viral transport medium market analysis and forecast by type

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Swab and Viral Transport Medium Market Insights by Application

Swab and viral transport medium find application in viral infection diagnosis to detect the presence of several contagious viruses such as influenza, herpes simplex virus, varicella-zoster virus, and respiratory syncytial virus, among others. Of these, adoption to detect influenza is expected to remain the most lucrative application.

The dominance of this segment can be attributed to the high prevalence of the infection across the world, and the availability of proper medical infrastructure in developed economies.

Swab and Viral Transport Medium Insights by End Use

On the basis of end use, the swab and viral transport medium market is categorized into hospitals & clinics, microbiology laboratories, diagnostic laboratories, and others. Among these, the hospitals & clinics segment is poised to hold a lion’s share in the market value, owing to the high number of patient visits.

For instance, CDC estimated that, the number of medical visits in the U.S. ranged between 18 Mn and 26 Mn from October 2019 to April 2020. This number represents a significant rise from the previous year, and is only expected to go upwards.

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Regional Outlook of Swab and Viral Transport Medium Market

Regionally, the report on the swab and viral transport medium market covers North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Among these regions, North America is foreseen to spearhead the regional landscape through the assessment period, owing to the presence of advanced medical infrastructure coupled with high prevalence of infectious diseases in the region.

  • For instance, the US Centers for Disease Control and Prevention (CDC) estimates that, there have been 29 million influenza cases in the United States in the 2019-20 season.

Expansion of the market in the region is also bolstered by rising expenditure by the government to develop healthcare processes and technologies to curb the mortality rates of infectious diseases.

  • In June 2020, the US Federal Emergency Management Agency awarded contracts worth around US$ 151 million to 16 companies, to provide 20 million swabs and other supplies for COVID-19 testing.

Along similar lines, Asia Pacific is expected to hold the second-largest swab and viral transport medium market share, on the back of a wide base of geriatric population that is highly vulnerable to infectious diseases, coupled with the presence of a developing medical network in emerging economies such as India and China.

Swab and Viral Transport Medium Market: Key Players

Players operating in the swab and viral transport medium market are adopting strategies such as new product launches and expansion of manufacturing capabilities to gain an edge in this competitive landscape.

Furthermore, players are focusing on developing products that enable efficient and accurate rapid antigen testing, viral culture, and molecular-based assays. To achieve the same, they are adopting novel technologies such as 3D printing and are investing in research & development activities.

To study the competition prevailing in the swab and viral transport medium market, Fact.MR profiles some of the leading players in this space. These include companies such as Thermo Fisher Scientific, Becton, Dickinson and Company, MWE, Titan Biotech Ltd, COPAN Diagnostics Inc., MANTACC, Puritan Medical Products, YOCON Biology, Trinity Biotech, and VIRCELL S.L.

swab and viral transport medium market competitive analysis

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The Analyst’s Viewpoint

"As governments and healthcare institutions across the world prioritize curbing COVID-19 infection rates, increasing emphasis on infection control is boosting revenue of the global swab and viral transport medium market,"

COVID-19 Impact on Swab and Viral Transport Medium Market

As the number of COVID-19 infections rises across the world, demand for swab and viral transport has never been higher, and this has created a gargantuan revenue opportunity for the swab and viral transport medium market.

Between January and October 2020, the number of tests in the U.S. and Russia surged past 118 Mn and 51 Mn, respectively.

This also indicates unprecedented demand for swabs and the transport medium. With no vaccine ready, governments across the world are resorting to testing, considering it as the most effective way to control the spread of the infection, thereby ensuring that demand for swab and viral transport medium persists throughout the pandemic.

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Swab and Viral Transport Medium Market: About the Report

Fact.MR has published an exclusive forecast report on the swab and viral transport medium market for 2020 and 2030. The foremost objective of this report is to offer spearhead insights on the market scenario, demand generators, and technological advancements into the market. Also, the study addresses key dynamics that are expected to diversify the sales and future prospects for the market.

The report on the swab and viral transport medium market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the swab and viral transport medium market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key factors favoring investment within the market.

Supply chain analysis and pricing analysis of the market, along with the difference between swab and viral transport medium used as per application, have also been included in the report, to help readers clearly understand the product framework map in the swab and viral transport medium market.

Swab and Viral Transport Medium Market - Segmentation

Product

  • Swab Type
  • Nasal Swabs
  • Nasopharyngeal Swabs
  • Throat Swabs
  • Transport Medium

Application

  • Viral Infection Diagnosis
  • COVID-19
  • Influenza
  • Herpes Simplex Virus
  • Varicella-zoster Virus
  • Others
  • Others

End-User

  • Hospitals & Clinics
  • Microbiology Laboratories
  • Diagnostic Laboratories
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”

Swab and Viral Transport Medium Market - Scope Of The Report

A recent study by Fact.MR on the swab and viral transport medium market offers a 10-year forecast for 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of the swab and viral transport medium market.

This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players.

The study also provides the dynamics that are responsible for influencing the future status of the swab and viral transport medium market over the forecast period.

A detailed assessment of swab and viral transport medium value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the swab and viral transport medium market along with their product portfolios enhances the reliability of this comprehensive research study.

Swab and Viral Transport Medium Market: Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the swab and viral transport medium market across the globe.

A comprehensive estimate on the swab and viral transport medium market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of swab and viral transport medium during the forecast period. Price point comparison by region with global average price is also considered in the study.

Swab and Viral Transport Medium Market: Segmentation

Fact.MR has studied the swab and viral transport medium market with detailed segmentation on the basis of by product, application, end user, and key region.

Swab and Viral Transport Medium Market: Analysis on Market Size Evaluation

The swab and viral transport medium market has been analyzed for each market segment in terms of value (US$ Mn).

Market estimates at global and regional levels for swab and viral transport medium are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent swab and viral transport medium market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global swab and viral transport medium market.

Swab and Viral Transport Medium Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the swab and viral transport medium market report, which have helped deliver projections on regional markets. These chapters include regional factors (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the swab and viral transport medium market during the forecast period.

Country-specific valuation on the demand for swab and viral transport medium has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

Swab and Viral Transport Medium Market: In-depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers in the swab and viral transport medium market, along with their detailed profiles.

Essential and up-to-date data related to market performers who are principally engaged in the production of swab and viral transport medium has been brought with the help of a detailed dashboard view.

Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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