Medical Swabs Market to Touch USD 4.00 Billion by 2027: Rising Prevalence of Infectious Diseases to Aid in Expansion, says Fortune Business Insights™

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Pune, July 24, 2020 (GLOBE NEWSWIRE) — The global medical swabs market is estimated to rise remarkably on account of the increasing application of cotton for drawing infection samples from the patient by having the least possibility of contact. According to a recently published report by Fortune Business Insights titled, “Medical Swabs Market Size, Share & COVID-19 Impact Analysis, By Type (Cotton Tipped Swab, Foam Tipped Swab, Non-woven, and Others), By Application (Specimen Collection, Disinfection, and Others), By End User (Hospitals & Clinics, Laboratories & Diagnostic Centers, and Research Institutes), and Regional Forecast, 2020-2027,” the value of this market was USD 2.34 billion in 2019 and is expected to reach USD 4.00 billion by the end of 2027. The market is expected to rise at a CAGR of 6.9% between 2020 and 2027.

Browse Summary of this Research Report with Detailed Table of Content: 

https://www.fortunebusinessinsights.com/medical-swabs-market-103318

The Report Answers the Following Questions:

  • What is the nature of this market and who are the key players?
  • Which segment will lead this market and why?
  • What is the impact of COVID-19 pandemic on this market?
  • Which are the major industry developments of this market?

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/medical-swabs-market-103318


Drivers & Restraints-


The increasing prevalence of COVID-19 Pandemic to Aid in Expansion of Market

Swabs have been used by the medical sector for collecting samples for research activity or for diagnosing any disease. With the use of swab, there is minimum risk of infection contraction between a patient and the sample collector. This hygiene-friendly feature stands as a key factor promoting the medical swabs market growth. Besides this, the increasing prevalence of coronavirus pandemic is further propelling the overall growth of the market. Additionally, the rise in cases of other infectious and communicable diseases will add impetus to the market in the forecast period.

On the contrary, the supply shortage of sterile swabs used in testing processes during the current coronavirus pandemic may cause major hindrance to the market in the coming years. Nevertheless, the increasing number of diseases resulting in hospital stay is further propelling the demand for medical swabs, thereby creating lucrative growth opportunities for the market in the coming years.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in fighting against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of the coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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https://www.fortunebusinessinsights.com/medical-swabs-market-103318


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Full story available on Benzinga.com

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