The Virology Specimen Collection Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Virology Specimen Collection Global Market Report 2024, The virology specimen collection market size has grown strongly in recent years. It will grow from $6.18 billion in 2023 to $6.56 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to disease outbreaks and pandemics, infectious disease research, public health initiatives, quality assurance and regulation, remote and home testing.
The virology specimen collection market size is expected to see strong growth in the next few years. It will grow to $8.23 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to global health preparedness, pandemic response infrastructure, surveillance and monitoring programs, government funding and grants, growing rapid diagnostic tests. Major trends in the forecast period include self-collection kits, point-of-care specimen collection, integrated specimen collection devices:, digital health platforms, telemedicine and e-health.
The growing number of blood donations is driving the growth of the virology specimen collection market. With the growing number of blood samples, there is a rise in the examination and detection of viruses in the blood using the virology specimen collection method. For instance, in June 2023, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, about 118.54 million blood donations were collected worldwide. 40% of these were collected in high-income countries, which is around 16% of the world’s population. About 13,300 blood centers in 169 countries report collecting a total of 106 million donations. Therefore, demand for virology specimen collection is predicted to rise as the prevalence of increase in the number of blood donations.
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The virology specimen collection market covered in this report is segmented –
1) By Product Type: Blood Collection Kits, Specimen Collection Tubes, Viral Transport Media, Swabs
2) By Sample: Blood Samples, Nasopharyngeal Samples, Throat Samples, Nasal Sampls, Cervical Samples, Oral Samples, Other Samples
3) Method: Manual, Automated
4) Application: Diagnostic, Therapeutic
Technology advancements are shaping the virology specimen collection market. Technological advancements, ranging from automated sample isolation to real-time amplification technology, have enabled the development and introduction of systems for the majority of clinically relevant viruses, as well as the acquisition of clinically relevant information for optimal antiviral treatment options. For instance, in August 2023, Nightingale Health Plc, a Finland-based health technology company, launched a remote blood collection kit for its medical research and clinical trial customers. Using the Nightingale Kit and its self-collection tool, research participants can prick their own finger to obtain their own blood sample. This greatly increases flexibility and opens up study options that were previously restricted by logistical and geographic constraints. Additionally, remote blood collection may be seamlessly and affordably incorporated into research because Nightingale Health offers both sample collection and sample analysis.
The virology specimen collection market report table of contents includes:
1. Executive Summary
2. Virology Specimen Collection Market Characteristics
3. Virology Specimen Collection Market Trends And Strategies
4. Virology Specimen Collection Market – Macro Economic Scenario
5. Global Virology Specimen Collection Market Size and Growth
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26. South America Virology Specimen Collection Market
27. Brazil Virology Specimen Collection Market
28. Middle East Virology Specimen Collection Market
29. Africa Virology Specimen Collection Market
30. Virology Specimen Collection Market Competitive Landscape And Company Profiles
Top Major Players:
- Puritan Medical Products Co. LLC
- Becton Dickinson and Company
- Quidel Corporation
- Thermo Fisher Scientific Inc
- Trinity Biotech PLC
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