Global Swab and Viral Transport Medium Market Overview:
The swab and viral transport medium is a method of collecting and transporting system that is used mainly for the collection, transportation, and long-term freezing of the clinical specimens that are containing viruses like chlamydia, COVID-19, mycoplasma, and ureaplasma organisms. A viral skin swab is a tool that is lightly rubbed alongside the skin or vesicles so as to collect the sample. This sample is then later sent to the laboratories in the transport medium. In the laboratory, these viral cells are further cultured and then the virus identification is accomplished by the laboratory specialist. The escalation in the geriatric population, advancement in the diagnostics industry, and the rise in acceptance of the diagnostic tests are some of the factors that are hereby projected to boost the global market through the forecasted period. However, the medical industry is in the middle of a commotion having another holdup that is confronting the overall healthcare systems present worldwide. The increase of the molecular diagnostic testing in the midst of the deadly pandemics like the COVID-19 has thereby seen dropping sales of all the critical equipment which are needed for the collection and transportation of the samples. This has further increased the production of the swabs and viral transport media hence giving a boost to the swab and viral transport medium market. At present, the entire world is hereby witnessing an enormous market that is opening up for the swab and viral transport medium. All the authorities that are at the control are hereby working with the various states, hospital systems, and the distributors so as to cope with the orders so as to tune up the demand of several million tubes, plastic vials, and swabs. With the lockdowns that are being ordered worldwide so as to prevent the propagation of the dangerous virus, the manufacturers are therefore working overtime for keeping the production of the swab and viral transport media running. As a much heavier restriction seems to be forthcoming, the key stakeholders are hence working with various suppliers as well as the regional authorities for preserving the manufacturing conditions so as to boost the development of the swab and viral transport medium market. Some of the key players profiled in the study are COPAN Diagnostics, Inc. (United States), Medical Wire & Equipment (MWE) (United Kingdom), Thermo Fisher Scientific (United States), Trinity Biotech (Ireland), DiaSorin (United States), CliniSciences (France), Titan Biotech Ltd. (India), Becton, Dickinson, and Company (United States), Vircell S.L. (Spain) and Miraclean Technology Co., Ltd. (China).
On the basis of geography, the market of Swab and Viral Transport Medium has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Microbiology Laboratories will boost the Swab and Viral Transport Medium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Transport Medium Size, the sub-segment i.e. 1 ml will boost the Swab and Viral Transport Medium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Swab Material, the sub-segment i.e. Polyester will boost the Swab and Viral Transport Medium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Demand for Swabs & Viral Transport Medium Owing To COVID-19 Pandemic
- Increase in the Geriatric Population
- The Rise in Use of Viral Transport Medium in Microbiology & Diagnostic Laboratories
- A Rise in Adoption of Diagnostic Tests, And Growth of the Diagnostics Industry
- Emerging Niche Segments and Regional Markets
- Increase in the Number of Samples Being Received For Testing and High Demand for Viral Transport Mediums
- High Investment in Diagnostic Equipment, Kits, and Accessories
- The Proliferation of Molecular Diagnostic Testing
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Target Audience:Providers of Swab and Viral Transport Medium, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Swab and Viral Transport Medium market on the basis of product [Nasopharyngeal, Oropharyngeal and Others] , application [Diagnosis of Viral Infections, Preclinical Testing and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Swab and Viral Transport Medium market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Swab and Viral Transport Medium industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Puritan Medical Products Co. (United States) and Starplex Scientific, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Swab and Viral Transport Medium market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.