Market Introduction
A sterile medical swab is a small stick with sterile cotton at the end, used for OB/GYN, surgeries, dental, or other medical applications. It is also an absorbent pad or piece of material used in surgery and medicine to clean wounds, apply the medication, or take specimens. Medical swabs are sterile and have a resealable sterile container or bag to maintain the integrity of sample during handling and transportation to the laboratory. Various market players provide several medical swabs to perform various rapid tests.
Market Overview and Dynamics
The Europe medical sterile swabs market is expected to reach US$ 1,153.85 million by 2027 from US$ 689.19 million in 2019. The market is estimated to grow with a CAGR of 6.6% from 2020 to 2027. The factors responsible for market growth are the broader applications of medical sterile swab, growing demand for sterile swab in SARS-CoV-2 detection, and 3D printed sterile swabs. However, challenges associated with sterile swab are projected to hamper the market growth.
Key Market Segments
Based on the product, the medical sterile swabs market is further segmented into cotton tipped swabs, foam tipped swabs, non-woven swabs, and others. In 2019, the cotton tipped swabs segment accounted for the highest share of the market. Growth in this segment is majorly attributed to the increasing adoption of cotton tipped swabs, increased demand for the cotton tipped swabs for continuous supply is anticipated to offer a lucrative opportunity for segment growth. On the other hand, the non-woven swabs segment is expected to witness the fastest growth rate because it is more absorbent than the woven swabs, hence are widely preferred for cleaning wounds. Moreover, they have a small wicking effect, have less lint and loose fibers, therefore used in medical applications. This would augment the increase of the non-woven swabs segment in the forecasted period.
Based on end user, the Europe medical sterile swabs market is segmented into hospital, clinics, diagnostic laboratories, and others. The hospital segment held the largest share of the market in 2019; whereas, the diagnostic laboratories segment is estimated to register the highest CAGR during the forecast period.
Major Sources and Companies Listed
Some of the major primary and secondary sources for Europe Medical Sterile Swabs market included in the report are National Center for Biotechnology Information (NCBI), the World Health Organization (WHO), European Centre for Disease Prevention and Control (ECDC), and Worldometers.
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Europe Medical Sterile Swabs Market
- Hospital
- Clinics
- Diagnostic Laboratories
- Others
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
List of Companies
- 3M
- BD
- Biosigma S.p. A.
- Dynarex Corporation
- Lynn Peavey Company
- MWE
- FL MEDICAL s.r.l.
- Copan Italia S.p.A.