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Key Influencer in the Virology Specimen Collection Market 2025: Growth In Blood Donations Driving Demand For Virology Specimen Collection Driver
"How Are the key drivers contributing to the expansion of the virology specimen collection market?The virology specimen collection market is expanding due to the escalating number of blood donations. As the quantity of blood samples surges, there is an increasing need for the testing and identification of viruses in the blood, facilitated by the method of virology specimen collection. For instance, in June 2023, the World Health Organization (WHO), a Swiss-based specialized agency of the United Nations accountable for international public health, noted that approximately 118.54 million blood donations were gathered across the globe. High-income countries, which constitute around 16% of the global population, made up 40% of these donations. Around 13,300 blood centers from 169 countries reported a combined collection of about 106 million donations. Consequently, with the growing prevalence of blood donations, the demand for virology specimen collection is projected to escalate.
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What growth opportunities are expected to drive the virology specimen collection market's CAGR through 2034?
The size of the virology specimen collection market has significantly expanded in the preceding years. The market size is projected to increase from $6.6 billion in 2024 to $6.98 billion in 2025, representing a compound annual growth rate (CAGR) of 5.7%. Factors influencing this growth during the historical period include disease outbreaks and pandemics, research into infectious diseases, public health campaigns, quality monitoring and regulation, as well as remote and at-home testing.
The market for virology specimen collection is anticipated to witness robust expansion in the upcoming years, reaching $8.84 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.1%. Factors contributing to the projected growth during the forecast period include worldwide health readiness, infrastructure for pandemic response, surveillance and monitoring programs, government subsidies and grants, and an increase in rapid diagnostic tests. Key market trends expected during this period are self-collection kits, point-of-care specimen collection, integrated specimen collection devices, and the rise of digital health platforms, telemedicine, and e-health.
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What are the emerging trends shaping the future of the virology specimen collection market?
The evolution of technology is significantly influencing the virology specimen collection market. Innovations such as automated sample isolation and real-time amplification technology have paved the way for the creation and introduction of systems capable of handling a wide range of clinically significant viruses as well as gathering vital information for appropriate antiviral therapy. For example, Nightingale Health Plc, a health technology firm based in Finland, rolled out a remote blood collection kit designed for its medical research and clinical trial clients in August 2023. With the aid of the Nightingale kit and self-collection tools, research participants can independently draw their own blood sample. This drastically enhances flexibility and enables study choices that were previously limited by logistical and geographical factors. Furthermore, thanks to the inclusive services offered by Nightingale Health, remote blood collection can be smoothly and cost-effectively integrated into research, covering both the stages of sample collection and analysis.
Which growth-oriented segments of the virology specimen collection market are leading the industry's development?
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 Samples, Cervical Samples, Oral Samples, Other Samples
3) Method: Manual, Automated
4) Application: Diagnostic, Therapeutic
Subsegments:
1) By Blood Collection Kits: Vacuum Blood Collection Tubes, Syringe Blood Collection Kits
2) By Specimen Collection Tubes: EDTA Tubes, Serum Separation Tubes, Heparin Tubes
3) By Viral Transport Media: Liquid Media, Dry Media
4) By Swabs: Nasopharyngeal Swabs, Oropharyngeal Swabs, Urethral Swabs
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What regions are leading the charge in the virology specimen collection market?
North America was the largest region in the virology specimen collection market share in 2024. 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.
What companies are at the forefront of innovation in the virology specimen collection market?
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, DiaSorin S.p.A., Vircell S.L., Copan Italia S.p.A., Hardy Diagnostics, Laboratory Corporation of America Holdings, ZeptoMetrix Corporation, 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., TECOmedical AG, Vela Diagnostics, Zybio Inc.
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What Is Covered In The Virology Specimen Collection Global Market Report?
•Market Size Forecast: Examine the virology specimen collection market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the virology specimen collection market for a structured understanding.
•Key Players Overview: Analyze major players in the virology specimen collection market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the virology specimen collection market.
•Segment Contributions: Evaluate how different segments drive overall growth in the virology specimen collection market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the virology specimen collection market.
•Industry Challenges: Identify potential risks and obstacles affecting the virology specimen collection market.
•Competitive Landscape: Review strategic developments in the virology specimen collection market, including expansions, agreements, and new product launches.
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