The global swab and viral transport medium market is projected to reach approximately USD 8.86 billion by the end of 2023, with an expected CAGR of 5.8%, ultimately surpassing USD 15.60 billion by 2033. This growth is largely attributed to the significant increase in testing and laboratory investigations, particularly during the COVID-19 pandemic, which has driven unprecedented demand for these products.
The COVID-19 pandemic has been a significant catalyst for this growth. During the epidemic, the demand for swabs and viral transport mediums skyrocketed, with healthcare systems globally scaling up testing efforts to manage the virus’s spread. This unprecedented demand has reshaped the landscape, emphasizing the critical role of these essential diagnostic tools in public health response strategies.
Experts predict the market will continue its upward trajectory as healthcare systems globally prioritize preparedness for infectious disease outbreaks. Technological advancements in swab and transport medium manufacturing are expected to further enhance market growth, ensuring reliable and efficient sample collection and preservation methods.
Key Takeaways:
- The global swab and viral transport medium market is projected to reach USD 15.6 billion by 2033, growing at a 5.8% CAGR.
- Valuation for 2023 stands at USD 8.86 billion, underscoring the sector’s rapid growth.
- COVID-19 significantly accelerated demand for testing tools, highlighting their role in healthcare.
- Continued innovation and healthcare preparedness are expected to drive market expansion over the next decade.
Key Drivers of Growth
- Increased Testing Demand: The COVID-19 pandemic has led to a surge in diagnostic tests, elevating the need for swabs and viral transport media.
- Technological Advancements: Innovations in testing processes, such as rapid antigen tests and molecular assays, are expected to sustain demand.
- Government Initiatives: Enhanced focus on widespread testing to control infectious diseases has further propelled market growth.
A Full Report Overview
Other Key Players Operating in the Swab and Viral Transport Market
- Thermo Fisher Scientific Inc.
- Quidel Corporation
- COPAN Diagnostics Inc.
- VIRCELL S.L., Deltalab
- Titan Biotech Ltd.
- Medical Wire & Equipment
Swab and Viral Transport Medium Market by Category
By Product:
- Viral Transport Medium
- Tissue Culture Medium
- Glycerol Transport Medium
- Virus Swabs
- Nasopharyngeal Swabs
- Deep Nasal Swabs
- Combined Nasal & Throat Swabs
- Culture Swabs
- Vaginal Swabs
By Application:
- Influenza
- Respiratory syncytial virus
- Mumps Virus
- Adenovirus
- Rhinovirus
- Herpes Simplex Virus
- Varicella-Zoster Virus
- Other Indication
By End User:
- Hospitals & ASCs
- Specialty Clinics
- Diagnostic Laboratories
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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