Swab and Viral Transport Medium Market is projected to register a 5.8% CAGR and top a valuation of US$ 15.60 billion by 2033

The global Swab and Viral Transport Medium Market may exceed US$ 8.86 billion in 2023, according to a recent market analysis by FMI. According to FMI’s prediction, the market might expand at a 5.8% CAGR and reach a value of $15.60 billion by 2033.

Due to the COVID-19 outbreak, swabs and viral delivery mediums are in greater demand. Research centres and labs are working harder to develop COVID-19 vaccines, which has enhanced enterprises’ capacity to make goods suitable for viral collection, maintenance, and culture.

Innovative kits with vials, double-ended flocked swabs, pharmaceuticals, and other goods that prevent bacterial or fungal contamination are produced by businesses in the swab and viral transport medium industry. To halt the development of bacterial and fungal flora, they are focusing on developing a better solution formulation. New solutions for viral transport mediums are driving market growth.

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The increase of novel viruses that have the ability to infect people and cause a variety of ailments is another factor driving the market’s expansion. Some respiratory viruses are emerging in unanticipated ways as pandemic restrictions loosen, according to a 2021 Nature paper. Respiratory syncytial virus (RSV) infections, which cause 5% of all paediatric fatalities worldwide, started to increase in April 2021. The prevalence of more infectious diseases is anticipated to fuel market expansion due to the growing demand for specimen collection kits and diagnosis.

As the flu season begins, manufacturers are developing viral transmission mediums for diagnostic purposes. Healthcare in western countries is very concerned about morbidity and mortality caused by influenza. The ability of manufacturers to do research and development is growing as they give swabs and viral transmission mediums. The benefits of internet pharmacy over hospitals and traditional pharmacies are also beginning to be understood by manufacturers. They are collaborating with reputable e-Commerce businesses in order to expand their sources of income.

Owing to its highly developed medical infrastructure and high frequency of infectious illnesses, North America is predicted to dominate the global market during the forecast period. During the pandemic, North America saw a spike in laboratory testing, which fueled the market expansion. The market is also growing significantly due to the existence of biopharma businesses, a large number of labs, and research studies on viral infection.

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Key Takeaways

• The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.9% through 2033.
• The United States is expected to develop at a 6.1% CAGR during the forecast period.
• With a CAGR of 4.0% over the forecast period, Canada is predicted to develop promptly in the market.
• In China, the market is expected to proliferate, registering a CAGR of 7.7% over the forecast period.
• Germany is estimated to grow decently registering a CAGR of 6.7% until 2033.

Competitive Landscape

Top players operating in the swab and viral transport medium market are McKesson Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Quidel Corporation, COPAN Diagnostics Inc., VIRCELL S.L., Deltalab, Titan Biotech Ltd., Medical Wire & Equipment, and others.

These market players are always inventing and creating new products to suit the various requirements of diagnostic laboratories and research institutions. They are enhancing the design and components used in swabs to enhance their collection efficacy. They are also developing transport mediums that can hold viral specimens for extended periods without compromising their vitality. Additionally, to improve the stability and accuracy of diagnostic samples, they are also combining advanced technologies.

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Recent Developments

• In June 2022, the start of long-distance drone deliveries in North Carolina was announced by Zipline and Cardinal Health.
• In May 2020, in several pharmacies across the United States, Health Mart® pharmacies announced that they would provide free COVID-19 test collection. Health Mart is dedicated to creating cutting-edge public and private collaborations as a member of the McKesson Corporation to assist address the COVID-19 epidemic.

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

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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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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