Global Nasal Swab Test Industry Insights
“Nasal Swab Test Market By Product Type (Non-woven, Foam-tipped Swabs, and Others), By Diagnostics Type (Molecular Diagnostics, CRISPR & Biosensors, and Others), By Mode (Point-of-Care, and Non-Point-of-Care), and By End-User (Laboratories & Diagnostics Centers, Hospitals & Clinics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2026” states that the global demand for the nasal swab test market in 2020 was approximately USD 108.7 Million. The market is expected to grow at a CAGR of 3.4% and is likely to reach around USD 150.7 Million by 2026.
Global Nasal Swab Test Market: Overview
The Coronavirus refers to a collection of encompassed, single abandoned RNA infections, which contaminate people, numerous warm-blooded creatures, chimpanzees, and avian species. Mostly, it causes respiratory and gastrointestinal contaminations and takes about 3 to 14 days for a person to show symptoms after directness to the infection. Few symptoms of COVID-19 consist of fatigue, dry cough, fever, and body ache. Individuals with conditions like cancer, diabetes, hypertension, old age, and others are at a high risk of getting severe COVID-19 infection. As a result, it is important to test for COVID-19 disease, so the COVID-19 spread can be in control.
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Global Nasal Swab Test Market: Growth Factor
The rising number of novel coronavirus cases is a key factor driving the global nasal swab test market growth. In addition, the growth of the global nasal swab test market is driven by the growing prevalence of infectious diseases, and the increasing need for surgical masks, as well as other hygiene products. Other factors that are expected to propel the market growth are the rising number of research and development activities for the improvement of the efficiency of nasal swab tests. Besides, the escalating government funding supports the research and development activities, which is also likely to boost the global nasal swab tests market development in the future.
However, the global nasal swab test market growth might get hampered due to the growing product recalls.
The global COVID-19 nasal swab test market can be classified into North America, Latin America, Asia-Pacific, Europe, and the Middle East, and Africa. North America is projected to have a leading place in the global nasal swab test market in the upcoming years. This is due to the increasing demand for diagnostic procedures, the expanding number of product launches, and the escalating occurrence of infectious diseases. Other factors that might help the regional market to expand include the escalating demand for medical swabs and the existence of advanced research centers.
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The Asia-Pacific nasal swab test market will observe beneficial growth opportunities during the forecast period owing to the growing cases of coronavirus as a result of the presence of highly populated countries like India, China, Japan, and others. In addition, the rising number of coronavirus testing facilities in the emerging nations will probably help this region to experience significant growth in the near future.
Global Nasal Swab Test Market: Competitive Players
Roche Holding AG, Abbott Laboratories, Becton Dickinson & Company, BioMerieux SA, 3M Corporation, Lucira Health, Siemens Healthineers AG, Mesa Biotech Inc., QIAGEN N.V., LumiraDx Ltd., Cepheid, Fluidigm Corporation, GenMark Diagnostics Inc., Quidel Corporation, Sherlock Biosciences, OraSure Technologies Inc, and PrivaPath Diagnostics Limited, among others are several market players operating in the global nasal swab test market. In addition, major market players are concentrating on many marketing strategies like collaborations, partnerships, and others, leading the global nasal swab test market development.
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Global Nasal Swab Test Market: Segmentation
This report segments the global nasal swab test market as follows:
Global Nasal Swab Test Market: By Product Type
• Foam-tipped Swabs
Global Nasal Swab Test Market: By Diagnostics Type
• Molecular Diagnostics
• CRISPR & Biosensors
Global Nasal Swab Test Market: By Mode
Global Nasal Swab Test Market: By End-User
• Laboratories &Diagnostics Centers
• Hospitals & Clinics
Global Nasal Swab Test Market: Regional Segmentation Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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