Virology Specimen Collection Market: Demand, Share, and Overview Insights for 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Virology Specimen Collection Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $8.23 billion In 2028 At A CAGR Of 5.8% :

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.

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Virology Specimen Collection Market Major 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 Driver - 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.

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Prominent Trend - 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.

Virology Specimen Collection Market Players
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.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the virology specimen collection market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virology specimen collection market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Virology Specimen Collection Market Report Structure
3. Virology Specimen Collection Market Trends And Strategies
4. Virology Specimen Collection Market - Macro Economic Scenario
5. Virology Specimen Collection Market Size And Growth
…..
27. Virology Specimen Collection Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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