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Swab and Viral Transport Medium Market Report and Forecast 2024-2032

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    Report

  • 160 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5895123
The global swab and viral transport medium market size was valued at USD 8.9 billion in 2023, driven by the increasing awareness among governments and their realizing the potential of swab and viral transport medium across the globe. The market size is anticipated to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to achieve a value of USD 14.7 billion by 2032.

Swab and Viral Transport Medium: Introduction

Swab and viral transport medium (VTM) are essential components used in the collection, preservation, and transportation of clinical, samples for the detection of viral infections. They play a crucial role in ensuring the integrity of the collected specimen and maintaining the viability of the virus during transit to the laboratory for testing and analysis. Swab is a medical device consisting of a handle and a sterile, absorbent material at one end. It is used to collect samples from various anatomical sites, such as the nose, throat, or other mucosal surfaces, to capture viral particles or other pathogens present in the area. Viral transport medium (VTM) is a specialized liquid solution used to preserve the viability and integrity of collected viral specimens during transportation to the laboratory.

The combined use of swabs and VTM ensures the proper collection, preservation, and transport of the clinical sample to the laboratory, where it undergoes testing using various techniques, such as polymerase chain reaction (PCR), antigen testing, or viral culture. These tests help identify the presence of viral pathogens and facilitate accurate diagnosis, patient management, and public health surveillance.

Key Trends in the Global Swab and Viral Transport Medium

The swab and viral transport medium (VTM) industry has experienced significant growth and innovation, particularly in response to the COVID-19 pandemic. Several key trends are shaping this market. Here are some of the notable trends in the swab and VTM industry:

  • COVID-19 Testing Demand: The COVID-19 pandemic created an unprecedented demand for swabs and VTMs for testing purposes. The market witnessed a surge in production and adoption of these products to support widespread testing efforts globally.
  • Innovation in Swab Designs: Swab designs have evolved to enhance sampling efficiency, patient comfort, and ease of use. Flocked swabs, which have small fibers attached to the swab tip, are gaining popularity due to their superior collection and release of specimens.
  • Development of Alternative Sample Collection Methods: In addition to traditional swab-based sample collection, alternative methods have been explored to simplify and improve sample collection. Saliva-based tests have gained prominence as a non-invasive and more convenient option for sample collection.
  • Expansion of Point-of-Care Testing: Point-of-care testing (POCT) has seen significant growth, driven by the need for rapid and decentralized testing. Swabs and VTMs designed specifically for POCT are being developed, allowing for quick on-site sample collection and analysis.
  • Research and Development of VTM Formulations: VTM formulations have undergone advancements to ensure the stability and viability of viral samples during transportation. Researchers are focusing on improving VTM compositions, optimizing pH and osmolarity, and exploring novel additives that can enhance the preservation and recovery of viral pathogens.

Global Swab and Viral Transport Medium Market Segmentations

The market can be categorised into type, applications, end user, and region.

Market Breakup by Type

  • Swab Type (Nasopharyngeal swabs, Throat swabs)
  • Transport Medium

Market Breakup by Applications

  • COVID-19
  • Influenza
  • Herpes simplex Virus
  • Others

Market Breakup by End User

  • Hospitals and Clinics
  • Diagnostic Laboratories
  • Others

Market Breakup by Region

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

Global Swab and Viral Transport Medium Market Overview

The swab and VTM market have witnessed significant growth, driven by the COVID-19 pandemic and the increased need for viral testing. The market size has expanded rapidly due to the surge in testing volumes worldwide. Factors such as the rising prevalence of viral infections, technological advancements, and increasing awareness of the importance of early diagnosis and surveillance are also contributing to market growth.

North America and Europe have traditionally been strong markets due to well-established healthcare infrastructure and advanced diagnostic capabilities. However, emerging economies in Asia Pacific, Latin America, and the Middle East are witnessing rapid market growth due to increasing healthcare investments and rising awareness about viral diseases.

Key Players in the Global Swab and Viral Transport Medium Market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.

The major companies in swab and viral transport medium market are as follows:

  • ThermoFisher Scientific
  • Becton
  • Dickinson and Company
  • Titan Biotech Limited
  • Copan Diagnostic inc
  • Medical Wire and Equipment
  • Puritan Medical Products
  • Yocon Biology
  • Trinity Biotech
  • Vircell
The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Swab and Viral Transport Medium Market Overview
3.1 Global Swab and Viral Transport Medium Market Historical Value (2017-2023)
3.2 Global Swab and Viral Transport Medium Market Forecast Value (2024-2032)
4 Global Swab and Viral Transport Medium Market Landscape
4.1 Global Swab and Viral Transport Medium: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Swab and Viral Transport Medium: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Applications
5 Global Swab and Viral Transport Medium Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Swab and Viral Transport Medium Market Segmentation
6.1 Global Swab and Viral Transport Medium Market by Type
6.1.1 Market Overview
6.1.2 Swab Type (Nasopharyngeal Swabs, Throat Swabs)
6.1.3 Transport Medium
6.2 Global Swab and Viral Transport Medium Market by Applications
6.2.1 Market Overview
6.2.2 COVID-19
6.2.3 Influenza
6.2.4 Herpes Simplex Virus
6.2.5 Others
6.3 Global Swab and Viral Transport Medium Market by End User
6.3.1 Market Overview
6.3.2 Hospitals and Clinics
6.3.3 Diagnostic Laboratories
6.3.4 Others
6.4 Global Swab and Viral Transport Medium Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Swab and Viral Transport Medium Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Swab and Viral Transport Medium Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Swab and Viral Transport Medium Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Swab and Viral Transport Medium Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Swab and Viral Transport Medium Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Funding and Investment Analysis
13.1 Analysis by Funding Instances
13.2 Analysis by Type of Funding
13.3 Analysis by Funding Amount
13.4 Analysis by Leading Players
13.5 Analysis by Leading Investors
13.6 Analysis by Geography
14 Partnership and Collaborations Analysis
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership
14.3 Analysis by Leading Players
14.4 Analysis by Geography
15 Supplier Landscape
15.1 ThermoFisher Scientific
15.1.1 Financial Analysis
15.1.2 Product Portfolio
15.1.3 Demographic Reach and Achievements
15.1.4 Mergers and Acquisitions
15.1.5 Certifications
15.2 Becton
15.2.1 Financial Analysis
15.2.2 Product Portfolio
15.2.3 Demographic Reach and Achievements
15.2.4 Mergers and Acquisitions
15.2.5 Certifications
15.3 Dickinson and Company
15.3.1 Financial Analysis
15.3.2 Product Portfolio
15.3.3 Demographic Reach and Achievements
15.3.4 Mergers and Acquisitions
15.3.5 Certifications
15.4 Titan Biotech Limited
15.4.1 Financial Analysis
15.4.2 Product Portfolio
15.4.3 Demographic Reach and Achievements
15.4.4 Mergers and Acquisitions
15.4.5 Certifications
15.5 Copan Diagnostic inc
15.5.1 Financial Analysis
15.5.2 Product Portfolio
15.5.3 Demographic Reach and Achievements
15.5.4 Mergers and Acquisitions
15.5.5 Certifications
15.6 Medical Wire and Equipment
15.6.1 Financial Analysis
15.6.2 Product Portfolio
15.6.3 Demographic Reach and Achievements
15.6.4 Mergers and Acquisitions
15.6.5 Certifications
15.7 Puritan Medical Products
15.7.1 Financial Analysis
15.7.2 Product Portfolio
15.7.3 Demographic Reach and Achievements
15.7.4 Mergers and Acquisitions
15.7.5 Certifications
15.8 Yocon Biology
15.8.1 Financial Analysis
15.8.2 Product Portfolio
15.8.3 Demographic Reach and Achievements
15.8.4 Mergers and Acquisitions
15.8.5 Certifications
15.9 Trinity Biotech
15.9.1 Financial Analysis
15.9.2 Product Portfolio
15.9.3 Demographic Reach and Achievements
15.9.4 Mergers and Acquisitions
15.9.5 Certifications
15.10 Vircell
15.10.1 Financial Analysis
15.10.2 Product Portfolio
15.10.3 Demographic Reach and Achievements
15.10.4 Mergers and Acquisitions
15.10.5 Certifications
16 Key Opinion Leaders (KOL) Insights (Additional Insight)
17 Company Competitiveness Analysis (Additional Insight)
17.1 Very Small Companies
17.2 Small Companies
17.3 Mid-Sized Companies
17.4 Large Companies
17.5 Very Large Companies
18 Payment Methods (Additional Insight)
18.1 Government Funded
18.2 Private Insurance
18.3 Out-of-Pocket

Companies Mentioned

  • ThermoFisher Scientific
  • Becton Dickinson and Company
  • Titan Biotech Limited
  • Copan Diagnostic inc
  • Medical Wire and Equipment
  • Puritan Medical Products
  • Yocon Biology
  • Trinity Biotech
  • Vircell

Methodology

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