Press release
Virology Specimen Collection Market: Size, Growth, Drivers, Challenges, Shares And Forecast Analysis By 2033
Virology Specimen Collection Market
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.
Market Overview -
A virology specimen is a blood sample taken for examination of specimens in order to look for any type of infection. The virus isolation specimens should be collected within four days of the onset of sickness, as virus shedding reduces significantly after that. Virus cultures are not useful for specimens taken more than 7 days after the onset of sickness, with a few exceptions to be used by government health authorities, hospitals, clinicians, and laboratories that are collecting relevant clinical samples for diagnosis.
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Growth In Blood Donations Driving Demand For Virology Specimen Collection
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.
Competitive Landscape -
Major companies operating in the virology specimen collection market include Puritan Medical Products Co. LLC, Becton Dickinson and Company, Quidel Corporation, Thermo Fisher Scientific Inc., Trinity Biotech plc, Titan Biotech Ltd., DiaSorin S.p.A., Vircell S.L., Copan Italia S.p.A., Hardy Diagnostics, Laboratory Corporation of America Holdings, ZeptoMetrix Corporation, Mantacc, Copan Diagnostics Inc., Bionote Inc., F. Hoffmann-La Roche Ltd, Meridian Bioscience Inc., Hologic Inc., Cepheid Inc., Bio-Rad Laboratories Inc., GenMark Diagnostics Inc., Luminex Corporation, Abbott Laboratories, BioFire Diagnostics LLC, Randox Laboratories Ltd., Savyon Diagnostics Ltd., Seegene Inc., Serosep Ltd., SolGent Co. Ltd., Sysmex Corporation, TECOmedical AG, Vela Diagnostics, Zybio Inc.
Technological Advancements Shaping Virology Specimen Collection Market
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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