Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,024.1 Million | USD 1,215.7 Million | 2.9% | 2021 |
FrequentlyAsked Questions
An increase in the number of infections and seasonal influenza across the world and the affordability of swab and viral transport medium diagnosis will further promote the swab and viral transport medium market. Various government initiatives and policies also stimulate the adoption of swab and viral transport mediums.
According to the report, the global swab and viral transport medium market was worth about 1,024.1 million in 2021 and is predicted to grow to around 1,215.7 million by 2028, with a compound annual growth rate (CAGR) of around 2.9 percent.
North America dominates the swab and viral transport medium market and accounts for a major global revenue share in 2021. 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.
Some of the main competitors dominating 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.
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