Asia-pacific Swabs Collection Kit Market Forecast 2023-2032

Asia-pacific Swabs Collection Kit Market Forecast 2023-2032

KEY FINDINGS

The Asia-Pacific swabs collection kit market is set to project a CAGR of 2.46% during the forecast period, 2023-2032. The market growth is attributed to the versatile use of swab tests as part of preventative measures and screening initiatives.

MARKET INSIGHTS

Indonesia, India, Malaysia, Thailand, China, Japan, Australia & New Zealand, Philippines, South Korea, and Rest of Asia-Pacific are analyzed for the Asia-Pacific swabs collection kit market growth evaluation. Based on data from the World Health Organization (WHO), Indonesia has recorded a total of 6.8 million COVID-19 cases as of July 2023. As the number of COVID-19 cases escalated, there was a growing need for increased testing to effectively identify individuals carrying the infection. Testing plays a pivotal role in promptly diagnosing and isolating COVID-19 cases, contact tracing, and implementing appropriate containment measures. Consequently, the surge in cases necessitated a corresponding increase in testing capacity, leading to more demands for swab collection kits.

In response to this demand, the Health Ministry granted a distribution license to GeNose C19, an immediate COVID-19 detection instrument developed by Gadjah Mada University in Yogyakarta. Unlike conventional tests that rely on blood, saliva, or nasal fluid to detect the genetic marker of the novel coronavirus, GeNose analyzes one's breath using artificial intelligence technology, offering a significantly faster and more cost-effective approach with comparable accuracy.

Furthermore, according to WHO statistics, as of July 2023, Thailand has recorded a total of 4.75 million COVID-19 cases. The country has taken significant measures to enhance its testing capabilities by establishing multiple testing facilities across various locations, encompassing hospitals, healthcare centers, and field hospitals. These facilities are fully equipped with the necessary laboratory instruments and staffed with proficient healthcare professionals capable of conducting COVID-19 testing. Such factors enable growth opportunities in these countries.

COMPETITIVE INSIGHTS

Some of the key companies in the market include Thermo Fisher Scientific Inc, Becton, Dickinson and Company, HiMedia Laboratories, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments