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Swab Caps Market Segmented By Alcohol Swab, Cotton Swab, Dry Swab and Gauze Swab product having Aluminium Shaft, Polypropylene Shaft with Test Type DNA Test, Urine Test, Saliva Test used as Specimen Collection and Disinfection
Swab is an absorbent wipe or pad used as a part of medicine and surgery. Swab caps prevent contamination of the needleless connectors which results in reduction of the risk of acquired infections from hospitals such as CLABSI (central line blood stream infection).
Central line procedures are susceptible to risk of hospital acquired infections such as CLABSI (central line blood stream infection) and catheter associated urinary tract infection (CAUTI). The Central line blood stream infection (CLABSI) is the main infection that occurs due to the use of central line devices as it is in contact with a major vein that is close to the heart.
These caps have application in the prevention of central line-associated bloodstream infection (CLABSI). These caps are extensively used to safe guard these access points/ports of hemodialysis central venous catheters (HDCVCs). Increase in prevalence infectious diseases, rise in geriatric population, technological advancements, and an increase in government investment for the advancement of healthcare are expected to drive the swab market during the forecast period.
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The key trends are rise in Infections acquired in hospitals along with other healthcare places affecting numerous patients in hospitals and healthcare places. Therefore, rising occurrences of these infectious diseases with increasing old age population is anticipated to boost the swab caps market growth.
Moreover, rising incidences of the hospital-acquired infections owing to the absence of sanitation and protection are also considered among the factors leading to market growth. As per the Centers for Disease Control and Prevention (CDC), around 1 in 25 hospital patients has undergone minimum one healthcare-associated infection. This is expected to boost the demand for disinfection caps over the forecast period.
The rising incidence of chronic conditions, like cancer, influences the use of parenteral nutrition across the country. Furthermore, the increasing cases of cancer is projected as 70.0% over the next couple of decades
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Get a Customized VersionThere is an unpredictable rise in communicable diseases resulting into global pandemic (COVID-19) which has led to rising demand for diagnostic techniques and products. As per the Worldometer statistics, the rise seen is continuous with daily new cases in each country worldwide. Like, On June 21st 2020, the U.S. accounted of a total of 16,142 coronavirus positive cases in 24 hours.
However, the everyday record increasing of cases has resulted an increase in the diagnostic procedures in order to offer early treatment to the patients. Furthermore, the increasing coronavirus caese have also been recorded in the growing economies.
For instance, Brazil has recorded a total case of more than 12 lakh cases as of June 2020. This is expected to rise the sales of the swabs required for specimen collection of the samples.
Currently, amidst the COVID-19 pandemic crisis, most manufacturers are witnessing a rise in demand for sterile swabs for testing procedures. As, the manufacturers are struggling to meet the demand-supply balance, the shortage of medical supplies may lead to temporary closure of drive-thru clinics in developed countries.
In addition to this, the department of health in Ohio, announced to test only vulnerable patients due to global shortage of medical supplies such as swabs, sample collection tubes, etc. therefore, the sudden occurrence of the coronavirus pandemic led to a shortage of medical supplies, subsequently limiting the growth rate of the market.
Also, availability of antimicrobial coated central venous catheters such as Certofix protect (B.Braun), Cook Spectrum Central Venous Catheter (Cook Medical), and ARROW CVC with ARROWg+ard Technology (Teleflex), which are impregnated with antimicrobial agents are expected to negatively affect demand for disinfecting caps in the near future.
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The global swab market is fragmented with the presence of international and local players. Key players operating in the global swab market are:
Innovation is one method by which a company may increase market share. When a firm brings to market a new technology its competitors have yet to offer, consumers wishing to own the technology buy it from that company, even if they previously did business with a competitor.
Key players are investing to develop and launch the better and cost-effective product for the swab caps market, especially for the developing countries where aesthetic expenditure is yet at a slow pace. Growing geriatric population all over the world with maximum chances of infections and diseases such as cancer or kidney disorders creating huge opportunities for swab caps Market growth.
The new trend in the healthcare industry is the launch of new products and the expansion with a new product of the company's product range. With booming medical technology, there is more innovation in swab caps, with main payers launching new kits with advanced features. Various macroeconomic factors, market trends and technological advancements play a vital role in the growth of global swab caps market.
Rising investment towards research and development activities in regions like North America and Europe is expected to create a large number of opportunities for global swab caps market growth. The shift of lifestyle patterns towards unhealthy lifestyle is expected to increase patient suffering from various diseases arising from various infections creating large customer based for global swab caps market.
The increasing number of domestic players in countries like India will lead to a rise in production capacity and growth for global swab caps market. Moreover, key companies are increasing their investments in research and development activities for the discovery of new products.
There has also been an increase in the expenditure of government towards healthcare sector for the introduction of new Swab caps market. In addition, the increase in incidences of hospital acquired infection related performed surgeries along with increased geriatric population will drive the market.
The Americas account for a significant market share owing to extensive use of medications and high expenditure on the health care. Additionally, the fastest uptake of new technology in the US drives the global swab market. Also, concentration of major research companies and centres in the developed countries of this region is adding fuel to the market growth.
Europe is the second largest market in the world due to high income and healthcare penetration.
Asia Pacific region is expected to grow rapidly. China and India are likely to lead this market due to the fastest growing healthcare sector over the forecast period.
Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions, and poor healthcare development.
