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Specimen Containers Market driven by Rise in number of healthcare facilities and clinics

Specimen Containers Market driven by Rise in number

Global specimen Containers market: Overview

Specimen containers are used to contain biological samples such as urine, or sputum, either as storage, or during transit. They are of importance to healthcare and medical facilities, as it is considered of paramount importance, to avoid contamination of specimen. They help keep the specimens sterile for accurate test results. Specimen containers are therefore preferred, and a must have, for any healthcare facility, or laboratory.

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The global specimen container outlook therefore looks promising. Some of the factors that increase preference for specimen containers are –

Anti-leak – helps prevent contamination.

Disposable/recyclable - They also do not require processing, thus reducing costs.

Convenience – They are available with printed labels, with information of the sample type and patient. It helps prevent misplacement of sample. Some of them are also available with printed surfaces, with measurement scale for volume.

In addition to these factors, increase in the healthcare industry growth also increases demand for safe and sterile measures for handling specimens to maintain quality healthcare services.

Developing countries such as India have healthcare industries that have been estimated to grow to more than double the size of what they were in 2010, by 2020, in terms of value. Therefore, the global specimen containers market outlook looks largely promising.

Global specimen Containers market: Dynamics

The global healthcare industry has transformed over the past few decades, with technology advancing by leaps and bounds. There are many factors that contribute to fueling the growth for specimen containers. Some of these include growing population. Increase in population leads to rise in demand for more healthcare facilities and improvement in quality. Although the global healthcare industry is passing through turbulent times due to various healthcare reforms, it is expected to match the expectations of the increasing number of consumer-patients. There have been various steps taken by governments in developing countries to ensure that the healthcare industry keeps pace with the rising population. The specimen containers market is therefore expected to show meteoric growth with the rise in number of healthcare facilities and clinics.

Despite the positive outlook, some factors might prove to be a restraint to growth of the global specimen containers market, such as – environmental laws regarding the type of raw material used. Off late, many countries have emphasized on the usage of sustainable ways. Plastic and paper contribute to landfill problems, thus hampering growth of markets. Although, the benefits and importance of specimen containers are expected to overshadow the cons.

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Global specimen Containers market: Segmentation

The global specimen containers market has been segmented on the basis of the varieties in which they have been made available in the market –

On the basis of raw materials:

HDPE
PP
PVC
Others

On the basis of product type:

Collection cups
Graduated Bottles
Airtight containers
Jars
Vials
Others

On the basis of color:

Clear
Translucent
Opaque

On the basis of capacity:

4 oz – 8 oz
9 oz – 16 oz
17 oz – 32 oz
33 oz – 68 oz
69 oz – 163 oz
164 oz and above

On the basis of type of neck:

Narrow mouth
Wide mouth
Pour spout

Global specimen Containers market: Geographical Outlook

Geographically, the global specimen containers market has been segmented into seven regions –

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

In terms of both, volume and value, North America leads the global specimen containers market, owing to high quality of healthcare services. The North American region is followed by the Western Europe region in terms of countries annual expenditure on healthcare. Developing countries in the Asia Pacific region such as India have been increasing expenditure on healthcare, every year. The US spends around 17% of its total GDP on quality healthcare. Over the course of the next few years, the world will be witness to heavy investment on healthcare, with emphasis on quality. Therefore, the global specimen containers market is expected to register solid growth in all regions, especially the Asia Pacific and the Latin America regions.

Global specimen Containers market: Key Players

Few of the key players in the global specimen containers market are Wanpow Plastic Industries Sdn Bhd., Dynarex, and Medline Industries, Inc.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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