Notably, rising number of surgical procedures is the key factor driving the swab market. With the rising burden of chronic diseases, need of surgical procedures has also been escalating. As per the 2015 statistics suggested by Eurostat, cataract surgery, and colonoscopy were the two most common surgical procedures performed in European region. It is observed that in the year 2015, cataract surgery was performed one thousand times per 100 000 inhabitants specifically in Germany, Sweden, the Czech Republic, Luxembourg, Finland, Malta, Estonia, Austria, Portugal and France. Other common procedures include bronchoscopies, and transluminal coronary angioplasties. Road accidents have also found to be responsible for rising surgical procedures, occurrence of wounds due to injuries. For instance, according to a study published in the Journal of Injury and Violence Research in 2017, it is found that low and middle-income countries bear the major burden of road traffic incidents worldwide.

Other factors such as, favourable reimbursement scenario for a number of surgical procedures, huge funding for research & development, technological advancements, and rising approval from regulatory bodies are also fuelling the market growth. According to the American Medical Association, Medicare has made various significant amendments in Ambulatory Surgery Center payment system (ASC). It is observed that for incision and drainage postoperative wound infection Medicare was providing reimbursement of USD 790.85 which is now exceeded to USD 1,030.52 in ASC. Whereas hospital outpatient payment has been exceeded to USD 2,148.00 from USD 1,414.28 this year.

Despite these drivers, lack of awareness, and safety concerns are expected to decline the Swab market growth.

Global Swab Market - Competitive Analysis

Puritan Medical Products., Sarstedt, MWE, SARSTEDT AG & Co, Lab M Limited., Clean Cross Co.,LTD., GPC medical ltd., Citotest Labware Manufacturing Co., Ltd., Q-TIPS, and ELMEX are some of the prominent players at the forefront of competition in the Swab market and are profiled in MRFR Analysis.

The global swab market is currently dominated by few players.

Puritan Medical Products is one of them by holding a strong share in the market. As of Jan 21, 2000, Puritan-Bennett Corp. was acquired by Airgas Inc. Product portfolio of company is categorized in six major categories i.e. Controlled Environments, Diagnostics + Specimen Collection, Environmental, Forensics + Genetics, Microbiology Media, and Medical. Swab is covered under Forensics + Genetics, which includes Puritan 5" Sterile Large Round Foam Swab w/Polypropylene Handle, PurFlock Ultra 6" Sterile DNA-Free Standard Flock Swab w/Plastic Handle & Tube, HydraFlock 6" Sterile Large Flock Swab w/Polystyrene Handle, 80mm Breakpoint, Puritan 6" Sterile Standard Cotton Swab w/Wooden Handle, Fab-Swab 5" Sterile DNA Controlled Mini-tip Cotton Swab w/Wood Handle & Tube, and many others.

Sarstedt, Inc. is also one of the leading player in Swab market. The company develops, manufactures, and sells equipment and consumables in the medicine and research field. Product portfolio of company includes diagnostic products, laboratory products.

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