The Virology Specimen Collection Market Size was valued at USD 6.11 billion in 2023 and is expected to reach USD 9.22 billion by 2031 and grow at a CAGR of 5.29% over the forecast period 2024-2031.
The collecting of samples from viral specimens is crucial for laboratory diagnosis. The validity of the sample taken will aid in the identification of a certain ailment. Therefore, it is crucial that the sample is taken in a sufficient quantity and in an aseptic manner. The rising prevalence of lifestyle diseases is a major driver of the global market for virology specimen collecting. In addition, rising disposable incomes and people's capacity to spend more on healthcare and medical services will support the expansion of the global market for virology specimen collecting. Additionally, this is anticipated to assist this industry in continuing to generate sizable profits in the forecasted period.
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Virus-related illnesses are becoming more common, and new viruses are emerging
The medical field is witnessing a concerning rise in viral illnesses. Not only are existing respiratory viruses becoming more prevalent, but new viruses are also emerging this trend necessitates advancements in viral disease diagnosis and treatment.
More people are giving blood
Approval of detection test procedures by regulatory authorities
Alternative technology requirements
Technologies for collecting virology specimens are expensive
High costs associated with virology specimen collection technologies pose a challenge to market expansion. This can limit accessibility and hinder broader adoption, especially in resource-constrained settings.
OPPORTUNITIES
Advances in technology
Possibilities for financial gain in developing nations
Emerging markets hold immense potential for the Virology Specimen Collection Market. This stems from a number of factors such as a higher prevalence of infectious diseases compared to developed nations, burgeoning healthcare infrastructure driving the need for diagnostic tools, and untapped market potential offering fertile ground for new vendors to establish themselves.
Technology and collecting kit prices are very high
Application of Low Sensitivity Screening
Low-sensitivity screening methods pose a challenge for the Virology Specimen Collection Market, potentially leading to inconclusive test results, requiring retests and delaying diagnosis and treatment and increased risk of false negatives, allowing undetected infections to spread.
The war between Russia and Ukraine disrupts the market for tools used to collect samples for virus testing this could mean trouble getting things like swabs and transport tubes, which could lead to shortages and higher prices. Research on viruses might also slow down because money that would normally be used for research gets spent on the war instead. This could delay the development of new tests and vaccines for diseases. Hospitals might also need to focus more on testing for wounds and infections common in war zones, and do less routine virus test for a while.
Moreover, this war might also create some new opportunities that means there could be a bigger need for virus testing in the war zone to track and treat outbreaks among people who have been forced to leave their homes. The war could also lead to people more worried about germ warfare, which might lead to more money being spent on developing tests that can identify a wide range of viruses.
An Economic slowdown can give the Virology Specimen Collection Market for Diagnostics and Research a hurdle that is when the economy sputters, research budgets for viruses often shrink. This means new tests and vaccines to fight future outbreaks might take longer to develop. During tough times, people might wait to see the doctor or skip routine tests. This could lead to a drop in demand for these tests overall. Hospitals and clinics struggling financially might try to bring down the cost of specimen collection kits and diagnostics this could make it harder for companies in this market to make money.
Economic downturns might push the market towards creating cheaper diagnostic tools and collection kits. This could spark a wave of creativity in developing cost-effective solutions. And even in an economic downturn, the threat of outbreaks never goes away that the governments or public health organizations might still prioritize funding for essential diagnostics needed to fight critical public health threats.
Swabs
Viral Transport Media
Blood Collection Kits
Swab segment emerged victorious in 2023, solidifying its dominance in the market. These swabs, small and crafted from soft material, serve a dual purpose: cleansing wounds and gathering minute biological samples for testing. According to the Centres for Disease Control and Prevention (CDC), sterile swabs for upper respiratory specimen collection come in two packaging options: individually wrapped or in bulk.
Diagnostics
Research
In 2023, the diagnostics segment is dominating based on application. Virology specimen collection kits empower healthcare professionals to gather samples, often through user-friendly self-collection kits equipped with nasal swabs and saline solution. These samples are then analyzed to diagnose a patient's condition based on their presenting symptoms and indicators.
Hospitals & Clinics
Diagnostic Centers
In 2023, hospitals and clinics segment leading the charge this dominance can be attributed to two key factors that is a rise in patients battling respiratory virus infections and the growing demand for diagnosing and treating viral diseases. The unforeseen spike in COVID-19 cases worldwide further fueled the need for virology specimen collection within these healthcare settings.
The North American region dominating in the Virology Specimen Collection Market, boasting a commanding 45.8% market share in 2023 this leadership position can be attributed to a forward-thinking approach, with early adoption of advanced diagnostic technologies and a strong emphasis on developing portable solutions. A significant factor is the US Food and Drug Administration's green light in April 2020 for the first at-home COVID-19 specimen collection kit, which is expected to further fuel demand across North America whereas the United States holds the dominant position, while Canada is poised for the fastest growth trajectory.
Furthermore, the market is being propelled by a wave of innovative product launches. A prime example is Rhinostics' groundbreaking VERIstic collection device introduced in July 2022. This revolutionary technology automates sample collection for small volume blood draws in the United States. The VERIstic's versatility shines in both at-home and clinician-assisted settings, offering exceptional efficiency and high-throughput for a wide range of applications these include antibody, hormone, and protein detection; sexually transmitted infections (STIs); dried blood spot (DBS) cards; genetic testing; clinical trials; and more – all conveniently facilitated through a simple finger prick collection. This trend of increasing product availability is further exemplified by Microbix Biosystems Inc.'s commercialization of their viral transport medium (VTM) in January 2021. This product specifically aids Canadian RT-PCR testing for COVID-19, highlighting the expanding array of solutions available and propelling the market's growth within the region.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Major key players are BNTX Inc., COPAN Diagnostics, Becton Dickinson and Company, Laboratory Corporation of America Holdings, Medline Industries, Inc., Hardy Diagnostics, Lucence Diagnostics Pte Ltd., VIRCELL S.L., Thermo Fisher Scientific, Inc., Form labs, Puritan Medical Products, and Other Players.
March 2022: A New Weapon Against COVID-19 in Europe - Thermo Fisher Scientific unveiled the InhibiSURE Viral Inactivation Medium in Europe in March 2022. This innovative medium tackles COVID-19 by rapidly inactivating the SARS-CoV-2 virus and stabilizing viral RNA at room temperature, streamlining sample collection, transport, and diagnostic testing.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.11 Billion |
| Market Size by 2031 | US$ 9.22 Billion |
| CAGR | CAGR of 5.29% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Swabs, Viral Transport Media, Blood Collection Kits) • By Application (Diagnostics, Research) • By End User (Hospitals & Clinics, Diagnostic Centers) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | BNTX Inc., COPAN Diagnostics, Becton, Dickinson and Company, Laboratory Corporation of America Holdings, Medline Industries, Inc., Hardy Diagnostics, Lucence Diagnostics Pte Ltd., VIRCELL S.L., Thermo Fisher Scientific, Inc., Form labs, Puritan Medical Products, and other players. |
| Key Drivers | • More people are giving blood • Approval of detection test procedures by regulatory authorities |
| RESTRAINTS | • Alternative technology requirements • Technologies for collecting virology specimens are expensive. |
Ans. The Virology Specimen Collection Market Size was valued at USD 6.11 billion in 2023.
Ans More people are giving blood, and Approval of detection test procedures by regulatory authorities are the key drivers of the Virology Specimen Collection market.
Ans. The greatest regional market for the collecting of virology specimens was North America.
Ans. BNTX Inc., COPAN Diagnostics, Becton, Dickinson and Company, Laboratory Corporation of America Holdings are the key players of Virology Specimen Collection market
Ans: The Virology Specimen Collection Market is growing at a CAGR of 5.29% during the forecast period 2024-2031.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Virology Specimen Collection Market Segmentation, By Product Type
9.1 Introduction
9.2 Trend Analysis
9.3 Swabs
9.4 Viral Transport Media
9.5 Blood Collection Kits
10. Virology Specimen Collection Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Diagnostics
10.4 Research
11. Virology Specimen Collection Market Segmentation, By End-User
11.1 Introduction
11.2 Trend Analysis
11.3 Hospitals & Clinics
11.4 Diagnostic Centers
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Virology Specimen Collection Market by Country
12.2.3 North America Virology Specimen Collection Market By Product Type
12.2.4 North America Virology Specimen Collection Market By Application
12.2.5 North America Virology Specimen Collection Market By End-User
12.2.6 USA
12.2.6.1 USA Virology Specimen Collection Market By Product Type
12.2.6.2 USA Virology Specimen Collection Market By Application
12.2.6.3 USA Virology Specimen Collection Market By End-User
12.2.7 Canada
12.2.7.1 Canada Virology Specimen Collection Market By Product Type
12.2.7.2 Canada Virology Specimen Collection Market By Application
12.2.7.3 Canada Virology Specimen Collection Market By End-User
12.2.8 Mexico
12.2.8.1 Mexico Virology Specimen Collection Market By Product Type
12.2.8.2 Mexico Virology Specimen Collection Market By Application
12.2.8.3 Mexico Virology Specimen Collection Market By End-User
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Virology Specimen Collection Market by Country
12.3.2.2 Eastern Europe Virology Specimen Collection Market By Product Type
12.3.2.3 Eastern Europe Virology Specimen Collection Market By Application
12.3.2.4 Eastern Europe Virology Specimen Collection Market By End-User
12.3.2.5 Poland
12.3.2.5.1 Poland Virology Specimen Collection Market By Product Type
12.3.2.5.2 Poland Virology Specimen Collection Market By Application
12.3.2.5.3 Poland Virology Specimen Collection Market By End-User
12.3.2.6 Romania
12.3.2.6.1 Romania Virology Specimen Collection Market By Product Type
12.3.2.6.2 Romania Virology Specimen Collection Market By Application
12.3.2.6.4 Romania Virology Specimen Collection Market By End-User
12.3.2.7 Hungary
12.3.2.7.1 Hungary Virology Specimen Collection Market By Product Type
12.3.2.7.2 Hungary Virology Specimen Collection Market By Application
12.3.2.7.3 Hungary Virology Specimen Collection Market By End-User
12.3.2.8 Turkey
12.3.2.8.1 Turkey Virology Specimen Collection Market By Product Type
12.3.2.8.2 Turkey Virology Specimen Collection Market By Application
12.3.2.8.3 Turkey Virology Specimen Collection Market By End-User
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Virology Specimen Collection Market By Product Type
12.3.2.9.2 Rest of Eastern Europe Virology Specimen Collection Market By Application
12.3.2.9.3 Rest of Eastern Europe Virology Specimen Collection Market By End-User
12.3.3 Western Europe
12.3.3.1 Western Europe Virology Specimen Collection Market by Country
12.3.3.2 Western Europe Virology Specimen Collection Market By Product Type
12.3.3.3 Western Europe Virology Specimen Collection Market By Application
12.3.3.4 Western Europe Virology Specimen Collection Market By End-User
12.3.3.5 Germany
12.3.3.5.1 Germany Virology Specimen Collection Market By Product Type
12.3.3.5.2 Germany Virology Specimen Collection Market By Application
12.3.3.5.3 Germany Virology Specimen Collection Market By End-User
12.3.3.6 France
12.3.3.6.1 France Virology Specimen Collection Market By Product Type
12.3.3.6.2 France Virology Specimen Collection Market By Application
12.3.3.6.3 France Virology Specimen Collection Market By End-User
12.3.3.7 UK
12.3.3.7.1 UK Virology Specimen Collection Market By Product Type
12.3.3.7.2 UK Virology Specimen Collection Market By Application
12.3.3.7.3 UK Virology Specimen Collection Market By End-User
12.3.3.8 Italy
12.3.3.8.1 Italy Virology Specimen Collection Market By Product Type
12.3.3.8.2 Italy Virology Specimen Collection Market By Application
12.3.3.8.3 Italy Virology Specimen Collection Market By End-User
12.3.3.9 Spain
12.3.3.9.1 Spain Virology Specimen Collection Market By Product Type
12.3.3.9.2 Spain Virology Specimen Collection Market By Application
12.3.3.9.3 Spain Virology Specimen Collection Market By End-User
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Virology Specimen Collection Market By Product Type
12.3.3.10.2 Netherlands Virology Specimen Collection Market By Application
12.3.3.10.3 Netherlands Virology Specimen Collection Market By End-User
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Virology Specimen Collection Market By Product Type
12.3.3.11.2 Switzerland Virology Specimen Collection Market By Application
12.3.3.11.3 Switzerland Virology Specimen Collection Market By End-User
12.3.3.1.12 Austria
12.3.3.12.1 Austria Virology Specimen Collection Market By Product Type
12.3.3.12.2 Austria Virology Specimen Collection Market By Application
12.3.3.12.3 Austria Virology Specimen Collection Market By End-User
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Virology Specimen Collection Market By Product Type
12.3.3.13.2 Rest of Western Europe Virology Specimen Collection Market By Application
12.3.3.13.3 Rest of Western Europe Virology Specimen Collection Market By End-User
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Virology Specimen Collection Market by Country
12.4.3 Asia-Pacific Virology Specimen Collection Market By Product Type
12.4.4 Asia-Pacific Virology Specimen Collection Market By Application
12.4.5 Asia-Pacific Virology Specimen Collection Market By End-User
12.4.6 China
12.4.6.1 China Virology Specimen Collection Market By Product Type
12.4.6.2 China Virology Specimen Collection Market By Application
12.4.6.3 China Virology Specimen Collection Market By End-User
12.4.7 India
12.4.7.1 India Virology Specimen Collection Market By Product Type
12.4.7.2 India Virology Specimen Collection Market By Application
12.4.7.3 India Virology Specimen Collection Market By End-User
12.4.8 Japan
12.4.8.1 Japan Virology Specimen Collection Market By Product Type
12.4.8.2 Japan Virology Specimen Collection Market By Application
12.4.8.3 Japan Virology Specimen Collection Market By End-User
12.4.9 South Korea
12.4.9.1 South Korea Virology Specimen Collection Market By Product Type
12.4.9.2 South Korea Virology Specimen Collection Market By Application
12.4.9.3 South Korea Virology Specimen Collection Market By End-User
12.4.10 Vietnam
12.4.10.1 Vietnam Virology Specimen Collection Market By Product Type
12.4.10.2 Vietnam Virology Specimen Collection Market By Application
12.4.10.3 Vietnam Virology Specimen Collection Market By End-User
12.4.11 Singapore
12.4.11.1 Singapore Virology Specimen Collection Market By Product Type
12.4.11.2 Singapore Virology Specimen Collection Market By Application
12.4.11.3 Singapore Virology Specimen Collection Market By End-User
12.4.12 Australia
12.4.12.1 Australia Virology Specimen Collection Market By Product Type
12.4.12.2 Australia Virology Specimen Collection Market By Application
12.4.12.3 Australia Virology Specimen Collection Market By End-User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Virology Specimen Collection Market By Product Type
12.4.13.2 Rest of Asia-Pacific Virology Specimen Collection Market By Application
12.4.13.3 Rest of Asia-Pacific Virology Specimen Collection Market By End-User
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Virology Specimen Collection Market by Country
12.5.2.2 Middle East Virology Specimen Collection Market By Product Type
12.5.2.3 Middle East Virology Specimen Collection Market By Application
12.5.2.4 Middle East Virology Specimen Collection Market By End-User
12.5.2.5 UAE
12.5.2.5.1 UAE Virology Specimen Collection Market By Product Type
12.5.2.5.2 UAE Virology Specimen Collection Market By Application
12.5.2.5.3 UAE Virology Specimen Collection Market By End-User
12.5.2.6 Egypt
12.5.2.6.1 Egypt Virology Specimen Collection Market By Product Type
12.5.2.6.2 Egypt Virology Specimen Collection Market By Application
12.5.2.6.3 Egypt Virology Specimen Collection Market By End-User
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Virology Specimen Collection Market By Product Type
12.5.2.7.2 Saudi Arabia Virology Specimen Collection Market By Application
12.5.2.7.3 Saudi Arabia Virology Specimen Collection Market By End-User
12.5.2.8 Qatar
12.5.2.8.1 Qatar Virology Specimen Collection Market By Product Type
12.5.2.8.2 Qatar Virology Specimen Collection Market By Application
12.5.2.8.3 Qatar Virology Specimen Collection Market By End-User
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Virology Specimen Collection Market By Product Type
12.5.2.9.2 Rest of Middle East Virology Specimen Collection Market By Application
12.5.2.9.3 Rest of Middle East Virology Specimen Collection Market By End-User
12.5.3 Africa
12.5.3.1 Africa Virology Specimen Collection Market by Country
12.5.3.2 Africa Virology Specimen Collection Market By Product Type
12.5.3.3 Africa Virology Specimen Collection Market By Application
12.5.3.4 Africa Virology Specimen Collection Market By End-User
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Virology Specimen Collection Market By Product Type
12.5.3.5.2 Nigeria Virology Specimen Collection Market By Application
12.5.3.5.3 Nigeria Virology Specimen Collection Market By End-User
12.5.3.6 South Africa
12.5.3.6.1 South Africa Virology Specimen Collection Market By Product Type
12.5.3.6.2 South Africa Virology Specimen Collection Market By Application
12.5.3.6.3 South Africa Virology Specimen Collection Market By End-User
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Virology Specimen Collection Market By Product Type
12.5.3.7.2 Rest of Africa Virology Specimen Collection Market By Application
12.5.3.7.3 Rest of Africa Virology Specimen Collection Market By End-User
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Virology Specimen Collection Market by country
12.6.3 Latin America Virology Specimen Collection Market By Product Type
12.6.4 Latin America Virology Specimen Collection Market By Application
12.6.5 Latin America Virology Specimen Collection Market By End-User
12.6.6 Brazil
12.6.6.1 Brazil Virology Specimen Collection Market By Product Type
12.6.6.2 Brazil Virology Specimen Collection Market By Application
12.6.6.3 Brazil Virology Specimen Collection Market By End-User
12.6.7 Argentina
12.6.7.1 Argentina Virology Specimen Collection Market By Product Type
12.6.7.2 Argentina Virology Specimen Collection Market By Application
12.6.7.3 Argentina Virology Specimen Collection Market By End-User
12.6.8 Colombia
12.6.8.1 Colombia Virology Specimen Collection Market By Product Type
12.6.8.2 Colombia Virology Specimen Collection Market By Application
12.6.8.3 Colombia Virology Specimen Collection Market By End-User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Virology Specimen Collection Market By Product Type
12.6.9.2 Rest of Latin America Virology Specimen Collection Market By Application
12.6.9.3 Rest of Latin America Virology Specimen Collection Market By End-User
13. Company Profiles
13.1 BNTX Inc.
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Product Types/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 COPAN Diagnostics
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Product Types/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Laboratory Corporation of America Holdings
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Product Types/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Becton Dickinson and Company
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Product Types/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Medline Industries, Inc.
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Product Types/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Hardy Diagnostics
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Product Types/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Lucence Diagnostics Pte Ltd.
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Product Types/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 VIRCELL S.L.
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Product Types/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Thermo Fisher Scientific, Inc.
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Product Types/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Form labs
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Product Types/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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