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.
Reasons to buy the report
Europe Medical Sterile Swabs Market
List of Companies
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 689.19 Million |
| Market Size by 2027 | US$ 1,153.85 Million |
| CAGR (2020 - 2027) | 6.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Medical Sterile Swabs Market is valued at US$ 689.19 Million in 2019, it is projected to reach US$ 1,153.85 Million by 2027.
As per our report Europe Medical Sterile Swabs Market, the market size is valued at US$ 689.19 Million in 2019, projecting it to reach US$ 1,153.85 Million by 2027. This translates to a CAGR of approximately 6.6% during the forecast period.
The Europe Medical Sterile Swabs Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Medical Sterile Swabs Market report:
The Europe Medical Sterile Swabs Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Medical Sterile Swabs Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Medical Sterile Swabs Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Medical Sterile Swabs Market
