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Global Bacterial and Viral Specimen Collection Market Expected to Grow at a Rapid Pace Due to the Rising Prevalence of Infectious Diseases and COVID-19 Pandemic.

05-04-2023 08:26 AM CET | Health & Medicine

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Bacterial Viral Specimen Collection Market

Bacterial Viral Specimen Collection Market

The global Bacterial and Viral Specimen Collection Market was valued at USD 1.92 billion in 2022 and is expected to grow at a CAGR of 6.3% during the forecast period. The market growth is mainly attributed to the rising prevalence of infectious diseases and increasing demand for diagnostic tests. The COVID-19 pandemic has further boosted the demand for specimen collection devices like swabs, vials, and transport media, which is driving the market growth.

The demand for such devices has also increased due to the growing adoption of point-of-care and home-based testing. The market growth is being driven by the development of innovative and advanced specimen collection devices that provide accurate and reliable results. However, the COVID-19 pandemic has caused supply chain disruptions, which could impede market growth. Governments worldwide are promoting early diagnosis and treatment of infectious diseases, and such initiatives are boosting the demand for bacterial and viral specimen collection devices. Despite these challenges, the market is expected to witness steady growth in the coming years.

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Key players in the Bacterial and Viral Specimen Collection Market -

• Copan Italia S.p.A.
• Becton, Dickinson and Company
• QIAGEN
• Thermo Fisher Scientific Inc.
• Hardy Diagnostics
• Puritan Medical Products
• Meridian Bioscience, Inc.
• Lucence Diagnostics Pte Ltd
• Vircell S.L.

Segments Covered in the Report

The global bacterial and viral specimen collection market is segmented based on product type and specimen type. Based on product type, the market is segmented into swabs, kits and media, and viral transport media. Among these, the swabs segment holds a significant share in the market. The increasing demand for swabs can be attributed to the growing need for specimen collection devices in diagnostic laboratories and hospitals for testing various infectious diseases such as COVID-19. Furthermore, swabs are easy to use and do not require any special expertise, which is driving their adoption in home-based testing.

The kits and media segment is also expected to witness significant growth during the forecast period. This can be attributed to the increasing demand for diagnostic testing, particularly in the wake of the COVID-19 pandemic. The segment includes various types of kits and media, such as collection tubes, reagents, and buffers, which are used for the collection, transportation, and storage of samples.

Based on specimen type, the market is segmented into respiratory, urine, blood, and others. Among these, the respiratory segment holds a significant share in the market. This can be attributed to the high prevalence of respiratory infections, particularly in the wake of the COVID-19 pandemic. The segment includes various respiratory specimens such as nasopharyngeal swabs, throat swabs, and sputum, which are collected for diagnostic testing.

The urine segment is also expected to witness significant growth during the forecast period. This can be attributed to the increasing prevalence of urinary tract infections and the growing demand for urine-based diagnostic testing. Urine specimens are easy to collect and transport, and can be used for the detection of various infectious diseases and conditions such as diabetes and kidney diseases.

The blood segment is also witnessing significant growth, driven by the increasing demand for blood-based diagnostic testing for infectious diseases such as HIV, hepatitis, and malaria. Blood specimens can be collected through venipuncture or fingerstick, and can be used for the detection of various infectious diseases and conditions. Finally, the others segment includes various types of specimens such as stool, cerebrospinal fluid, and wound swabs, among others, which are collected for diagnostic testing.

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Strategic development:

Thermo Fisher Scientific Inc. strengthened its expertise in the biopharmaceutical production industry by acquiring Becton, Dickinson and Company's Advanced Bioprocessing business on October 25th, 2018. The acquisition allowed Thermo Fisher Scientific to improve its capabilities in downstream purification and cell culture media, enabling it to better serve the needs of its biopharmaceutical customers.

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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