DIABETIC ALCOHOL SWABS MARKET ANALYSIS

Market Challenges And Opportunities

Alcohol swabs are believed to make the skin in and around pricking area dry; this might hinder the growth of the overall diabetic alcohol swabs market. However, as per International Diabetic Federation (IDF) around 415 million people suffered from diabetes in 2015. This number is likely to increase to 642 million by 2040. According to American Diabetic Association, about 29.1 million people in the U.S. suffered from diabetes in 2012; that is a whopping 9.3% of the population. Out of this population, 21.0 million were diagnosed. Diabetics’ diagnosis mandates the blood sugar level test, in which alcohol swabs finds its use. As the number of patients with diabetes is poised to increase, and the disease needs constant monitoring of glucose levels in the blood, the diabetic alcohol swabs industry is likely to grow at a significant pace over the course of the forecast period.

Diagnostic centers remain the most potential opportunity for the growth of diabetic alcohol swabs market. Once a patient is diagnosed with diabetes, the need for hospitalization decreases compared to monitoring tests that must be taken by the patient such as blood glucose level test. Most patients rely on diagnostic centers for getting their tests done. These diagnostic centers use diabetic alcohol swabs extensively.