Global Swab and Viral Transport Medium Market is Likely to Grow at a CAGR Value of 2.9% By 2028

The global swab and viral transport medium market size was worth around USD 1,024.1 million in 2021 and is estimated to grow to about USD 1,215.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 2.9 percent over the forecast period. The report analyzes the swab and viral transport medium market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the swab and viral transport medium market.

The accuracy of a medical diagnosis starts with two key components: the right method for collecting the right amount of a viral sample and careful storage of that material as it is transferred to a laboratory for analysis. At the same time, viral transport media is a solution that ensures the safe transfer of viral samples to a laboratory for analysis. The global swab and viral transport medium market have experienced a significant increase in demand recently due to an increase in demand for tests and laboratory investigations as they have reached an all-time high during the COVID-19 epidemic.

The affordable cost of swabs and viral transport medium is one of the key factors contributing to its adoption worldwide. Affordability of swab and viral transport medium has been achieved due to assistance from various non-profit organizations and governments. Major players in the market are focused on developing improved testing techniques such as molecular assay studies and rapid antigen testing, which will help cater to demand over time. This is likely to fuel the growth of the global swab and viral transport medium market over the forecast period. Moreover, the development and advancement in diagnosis of these viruses require transport medium and microbiological culture swab to preserve and later analyze the viral growth. Lastly, unfavorable rules and regulatory scenarios might limit the growth of the swab and viral transport medium market.

The global swab and viral transport medium market is segregated based on type, end-user, application, and region. Based on type, the market is divided into swab type and transport medium. Among these, the swab type segment dominates the market, accounting for more than 58 percent of global sales in 2021. Based on application, the market is classified into viral infection diagnosis and others. Over the forecast period, the viral infection diagnosis market is expected to develop fastest. Based on end-user, the market is classified into hospitals & clinics, microbiology laboratories, diagnostic laboratories, and others. The hospitals & clinics segment dominates the market, accounting for more than 42 percent of global revenue in 2021.

The global swab and viral transport medium market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominates the global swab and viral transport medium market and accounted for most of the global revenue in 2021. The U.S. accounted for more than 94% of the North American swab and viral transport medium market. The major reason behind the growth of the swab and viral transport medium market is the enhancement in the availability of new diagnostic drugs and tests such as OTC (over-the-counter) products in retail shops and pharmacies in the region to support the American population to sustain against the COVID-19 and other infections. Moreover, better manufacturing capability and efficiency of swab and viral transport medium and a rise in production levels are further promoting the growth of the market in the region.

Key players in the global swab and viral medium transport market include Thermo Fisher Scientific, Becton, Dickinson and Company, MWE, Titan Biotech Ltd, COPAN Diagnostics Inc., MANTACC, Puritan Medical Products, YOCON Biology, Trinity Biotech, and VIRCELL S.L.

Recent developments:

• August 2021: Cardinal Health strategically collaborated with Abbott and Quidel to provide rapid ov, over-the-counter.
• June 2018: McKesson Corporation acquired Medical Specialties distributors to expand its specialty and services offered.

Browse the full “Swab and Viral Transport Medium Market By Type (Swab Type, Transport Medium), By Application (Viral Infection Diagnosis, Others), By End User (Hospitals and Clinics, Microbiology Laboratories, Diagnostic Laboratories, Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/swab-viral-transport-medium-market

Global Swab and Viral Transport Medium Market are segmented as follows:

By Type

• Swab Type
• Transport Medium

By Application

• Viral Infection Diagnosis
• Others

By End User

• Hospitals and Clinics
• Microbiology Laboratories
• Diagnostic Laboratories
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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