January 10, 2022 09:31 ET | Source: Facts & Factors Facts & Factors

New York, United States, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published the latest research report titled “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 Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” in its research database.

“According to the latest research study, the demand of global Nasal Swab Test Market size & share was estimated at approximately USD 108.7 Million in 2020 and is expected to generate revenue of around USD 150.7 Million by the end of 2026, growing at a Compound Annual Growth Rate (CAGR) of around 3.4% between 2021 and 2026.”

Globally, the COVID and economic crisis have impacted market statistics. This is a professional and very comprehensive report about the primary and secondary drivers of the nasal swab test market, as well as production, market share, leading segments, and geographic analysis (such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.)

What is the Nasal Swab Test? How big is the Nasal Swab Test Market?

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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(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

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Global Nasal Swab Test Market: Dynamics

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.

Global Nasal Swab Test Market: Report Scope

Nasal Swab Test Market: Segmentation Analysis

The global nasal swab test market has been segmented into product type, diagnostics type, mode, and end-user.

On the basis of the type of product, the global nasal swab test market has been classified into non-woven, foam-tipped swabs, and others. Based on the type of diagnostics, the global nasal swab test market has been segmented into Molecular Diagnostics, CRISPR & Biosensors, and others.

The global nasal swab test market on the basis of mode has been bifurcated into point-of-care, and non-point-of-care. In terms of the end-user industry, the global nasal swab test market has been divided into laboratories & diagnostics centers, hospitals & clinics, and others.

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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.

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.

Browse the full “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 Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” Report at https://www.fnfresearch.com/nasal-swab-test-market

This report segments the global nasal swab test market as follows:

Global Nasal Swab Test Market: By Product Type

Global Nasal Swab Test Market: By Diagnostics Type

Global Nasal Swab Test Market: By Mode

Global Nasal Swab Test Market: By End-User

Key Insights from Primary Research

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