A nasal swab, is a test that checks for viruses and bacteria that cause respiratory infections. There are many types of respiratory infections. A nasal swab test can help your provider diagnose the type of infection you have and which treatment would be best for you. The test may be done by taking a sample of cells from your nostrils or from the nasopharynx. The nasopharynx is the uppermost part of your nose and throat.The market is a perfect competition market with the presence of numerous market players and buyers. The market players are competing based on price, product innovation, and quality.
MARKET SCOPE
The "Global Nasal Swab Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nasal swab market with detailed market segmentation by product type, site of collection, and geography. The report provides key statistics on the market status of the leading nasal swab market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global nasal swab market is segmented into foam tipped swabs, non-woven and others
- Based on end user, the market is bifurcated into hospitals & clinics, diagnostic laboratories, and other end users.
Drivers-
- Rising worldwide incidence of SARS-CoV-2.
- Active role of government bodies.
- Growing business operations by emerging and small-sized players.
- Technical and clinical challenges.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The nasal swab market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nasal swab market in these regions.
IMPACT OF COVID-19 ON NASAL SWAB MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 Pandemic has increased the demand nasal swab across the globe. As these are essential for testing COVID-19. The rising number of cases across the globe has stirred the demand for nasal swabs. Hence the rising number of cases has forced the government to increase the number of testing to help contain the pandemic. This move has boosted the demand for nasal swabs as these are used in majority of the tests done. Furthermore, amidst the crisis growing innovation in material and collection techniques further drives the market. As due to the shortage in supply of these Swabs, researchers are working on new materials and techniques which can be used for sample collection.
The U.S. government signed a USD 760 million deal with Abbott over its BinaxNOW COVID-19 Ag Card in August 2020. With this, the government aimed at tripling the national testing capacity. Such collaborations between the diagnostic players and government bodies are anticipated to greatly benefit the swab suppliers in the country.
MARKET PLAYERS
The report covers key developments in the nasal swab market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from nasal swab market are anticipated to lucrative growth opportunities in the future with the rising demand for nasal swab in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nasal swab market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BD
- Puritan
- 3M
- Super Brush
- Copan Diagnostics
- JianErKang
- Sarstedt Inc.
- JiaXin Medical
- FL MEDICAL
- Dynarex
- GPC Medical Ltd.