The swab and viral transport mediums market is estimated to reach US$ 2.2 Bn valuation by 2030 at the conclusion of the assessment period. The coronavirus pandemic is likely substantially increase global demand for swab and viral transport mediums, owing unprecedented testing and diagnostics applications to identify potential patients. In addition, manufacturers are being pushed to scale up production to keep up with demand in the short term, which will prove lucrative for the markets.
"Health care professionals and diagnosticians prefer the use of tissue culture for the extraction, transport, and storage of biological samples, which could be attributed to long-term storage capabilities. Viral transport mediums for culture swabs, nasopharyngeal swabs, and vaginal swabs are likely to be major areas of development for the near future," says the Fact.MR report.
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Swab and Viral Transport Mediums Market - Key Takeaways
- Swab and viral transport mediums for influenza applications is a prominent segment, accounting for close to US$ 500 Mn in 2019.
- Tissue culture mediums are likely to hold major market share through the assessment period, aided by demand for long-term sample preservation requirements.
- Hospitals and clinics will remain the primary users of swab and viral transport mediums, aided by higher capital and wider scope of diagnostic capabilities.
- Owing to the widespread incidences of chronic and infectious ailments, the demand for swab and viral transport mediums is strong in most parts, of the world. North America, followed by Asia Pacific holds the leading market share, with the incorporation of modern medical infrastructure.
Swab and Viral Transport Mediums Market - Driving Factors
- Efforts by manufacturers to develop products in compliance with regulatory standards in different parts of the world is a major market driver.
- The introduction of polyester-based swabs is expected to generate lucrative opportunities owing to lower production costs and faster manufacturing processes.
Swab and Viral Transport Mediums Market - Constraints
- Notable potential for false negatives, coupled with long turnaround times is a major issue with swab tests, which in turn hurts the adoption of swab and viral transport mediums.
- Higher accuracy of hospital-clinic based diagnostic alternatives remains a challenge for players in the market.
Anticipated Market Impact by Coronavirus Outbreak
The global pandemic of the coronavirus has significantly boosted the need for swab and viral transport mediums. Supported by government aid, manufacturers have been pushed to expand production capacities to keep up with the sudden and unprecedented demand, in an effort to conduct expansive population testing for symptomatic and asymptomatic patients. Also, swab and viral transport mediums will gain demand in academic and research applications, as vaccine development efforts continue apace. Apart from covid-19, other infectious diseases are likely to continue generating demand. These factors will sustain and provide impetus to market growth in the long term.
However, issues in terms of supply chains for raw materials and redirection of healthcare resources towards the pandemic could prove disruptive to the industry in the short term. Also, the uncertainty over the duration and severity of the outbreak could limit market development.
Competition Landscape
Prominent manufacturers in the swab and viral transport mediums market include but are not limited to Thermo Fisher Scientific, MWE, Dickinson and Company, Titan Biotech Ltd., Becton, and COPAN Diagnostics Inc.
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Leading players in the swab and viral transport mediums market invested in product launch and strategic collaboration with government bodies, and regulatory approvals for new offerings, with a growing focus towards combating the coronavirus pandemic.
For instance, RB Medical Supply unveiled its VTM Collection Kit, which comprises a 15ml conical centrifuge, which allows diagnosticians to transport and process swabs in a single container. Also, The Eone Diagnostic Genome Center has announced the renewal of an agreement with the State of Colorado for Universal Transport Medium Kits for Covid-19 testing. Furthermore, Titan Biotech Ltd. has received approval from ICMR-NIV for covid-19 collection Viral Transport Kits in compliance with ICMR, CDC, and WHO standards.
More on the Report
The Fact.MR's market research report provides in-depth insights on swab and viral transport mediums market. The market is scrutinized according to product (nasal swab, nasopharyngeal swab, throat swab, and transport medium), application (Viral Infection Diagnosis and others), and end user (hospitals & clinics, microbiology laboratories, diagnostic laboratories, and others) across five key regions (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa).
Media Release: https://www.factmr.com/media-release/1693/global-swab-and-viral-transport-medium-market
The global Swab and Viral Transport Medium market is predicted to show promising growth during the forecast period of 2020 to 2030, according to the latest research report published by Fact.MR.
The study highlights that the market for a Swab and Viral Transport Medium is likely to grow at a stupendous pace on the back of ongoing research and development activities and technological developments in this market the during assessment period.This report includes reliable data on drivers, restraints, challenges, threats, and growth opportunities in the market for the Swab and Viral Transport Medium.
The data presented in this report helps vendors in deciding their business strategies to gain prominent revenues.The recent COVID-19 outbreak has disrupted almost every field.
The latest report on the Swab and Viral Transport Medium market provides exclusive data on the impact of the COVID-19 pandemic on this market.
In addition to this, the study sheds light on various tactics utilized by industry leaders to come out of this critical scenario and run their businesses successfully during and post-pandemic period.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=5221The study depicted in the report on the global Swab and Viral Transport Medium market help readers understands the demand patterns of different end-users.
Apart from this, it foretells potential trends and investment avenues in the Swab and Viral Transport Medium market from 2020 to 2030.Based on product types, the Swab and Viral Transport Medium market report presents insight into key adoption trends for the following segments: Nasal SwabsNasopharyngeal SwabsThroat SwabsThe assessment presents volume, shares, and revenues of the Swab and Viral Transport Medium market during the tenure of 20xx to 20xx.
The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Cutlery market.The novel Coronavirus (COVID-19) has caused a slowdown in business activities of the Cutlery Market.
With the help of our upcoming report, market players can gain important insights on alternative strategies that can help in revenue generation.
The leading factors that are likely to impact the growth of the Cutlery Market over the assessment period are thoroughly analyzed in the report.Request for Sample Report with Statistical Info @ https://www.factmr.com/connectus/sample?flag=S_id=5201To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions.
The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
Earwax removal aids are the medical tools used to remove earwax caused due to excessive formation of cerumen.
The earwax removal aid includes micro-suction device, earwax removal irrigation kits, earwax removal drops, earwax removal loops, earwax removal syringes, and portable ear cleaning devices.
According to the Fact.MR report, retail sales, especially in developing regions, is projected to show remarkable growth, due to easy availability of over-the-counter earwax removal aids.Request Sample Report - https://www.factmr.com/connectus/sample?flag=S_id=4100The healthcare industry is consistently witnessing an uplift in the number of ENT surgeries every year, globally, due to rising prevalence of ENT-related disorder.
This is the major factor responsible for the growth of the earwax removal aid market.Adult Age Group Remains the Target Population for ManufacturersUse of earwax removal kits among adults are likely to grow in the coming years, as carelessness, and negligence of cerumen impaction symptoms along with high adoption of self-diagnosis treatment continue to increase the risk of infection, affecting the ear-health adversely.
This trend of the social media platform has upsurge the awareness, and in turn, increased the treatment-seeking population.Preview Analysis of Global Earwax Removal Aid Market research report Segmented By Product Type (Micro-Suction Device, Ear Wax Removal Irrigation Kits, Ear Wax Removal Drops, Ear Wax Removal Loops, Ear Wax Removal Syringes, Portable Ear Cleaning Devices), By Age Group (Pediatric, Adults, Geriatric), By Distribution Channel, & by Region - https://www.factmr.com/report/4100/earwax-removal-aid-marketProduct Sales through Online Platforms to Boost the Market GrowthSale of products through online platforms such as Amazon, Flipkart, eBay, and others are gaining momentum among manufacturers, and are expected to drive the demand for earwax removal aid devices.
Also, costs of the earwax removal aids are very economical and many generic products are available in the earwax removal aids market.
Fact.MR’s Report on Global Pea Fiber MarketPea fiber is a byproduct which is extracted from the seeds and pods of a pea plant.
Pea fiber comprises high levels of protein, and does not contain any cholesterol either.
Consequently pea fiber is expected to gain traction around the world.Its nutritive properties has made pea fiber an increasingly popular ingredient in a number of pharmaceutical and food products.
The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Prominent players covered in this research are Nutraonly (Xi'an) Nutritions Inc, G.S.
DUNN DRY MUSTARD MILLERS, Belle Pulses, Parrish & Heimbecker Limited, InterFiber, Quadra Chemicals, Cosucra, Vestkorn Milling AS, Farbest Brands, A Ingredients Inc., Puris Proteins, LLC, Emsland Group, Roquette Freres SA, AM Nutrition and Avena Foods, Limited.The pea fiber market report addresses the below-mentioned queries:Why are vendors shifting away from traditional methods of manufacturing pea fiber market?How does the global pea fiber market looks like in the next five years?Which end use industry is expected to surpass segment by the end of 2029?What innovative products are being introduced by the players in the global pea fiber market?Which regions are showing the fastest market growth?Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM_id=4312Pelletization and Backward Integration are Key StrategiesThe global market of pea fiber is largely consolidated in nature and a major share in terms of pea fiber is from major names such as Quadra Chemicals, Roquette Freres, Cosucra, Emsland Group, and Puris Proteins.Such major pea fiber producers are boosting their revenue through the use of new extraction and drying processes, with the aim of bolstering production capacities.
