ALCOHOL SWAB MARKET ANALYSIS

Market Challenges And Opportunities

The global alcohol swab market is expected to experience significant growth over the forecast period due to increasing incidence rate of fall injuries among the people, globally. For instance, according to the Centers for Disease Control and Prevention (CDC) 2017 report, estimated 800, 000 patients are hospitalized every year due to fall injury. Furthermore, according to the same source, 3 million people are treated in emergency department due to fall injury each year, globally.

The increasing incidence of road traffic injuries among people globally is another factor driving the global alcohol swab market growth. For instance, according to the World Health Organization (WHO) February 2020 report, road traffic is the leading cause of death of children and young adults who are in the age group of 5 to 20 years. Furthermore, according to the same source, estimated 20 million to 50 million suffer from fatal injury, globally. Therefore, increasing incidence of road accidents result in increasing demand for alcohol swab to clean skin before giving injection to patients.

The use of alcohol swab is easier and more feasible than using antiseptic with cotton separately, which increases demand for alcohol swab and in turn, drives the global alcohol swab market growth.

As alcohol swab is cost-effective, the demand for alcohol swab among people for use in minor cuts and for other type of minor injuries increases and hence, boosts the global alcohol swab market growth.

However, side effects associated with alcohol swab such as burning and stinging can occur due to rubbing alcohol swab on deep puncture wounds, which is a major factor restraining the global alcohol swab market growth.