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Virology Specimen Collection Market Report Scope & Overview:

The Virology Specimen Collection Market Size was valued at USD 6.11 billion in 2023, and is expected to reach USD 9.27 billion by 2031 and grow at a CAGR of 5.35% 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.

Virology Specimen Collection Market Revenue Analysis

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MARKET DYNAMICS

DRIVERS

  • Virus-related illnesses are becoming more common, and new viruses are emerging

  • More people are giving blood

  • Approval of detection test procedures by regulatory authorities

RESTRAINTS

  • Alternative technology requirements

  • Technologies for collecting virology specimens are expensive

OPPORTUNITIES

  • Advances in technology

  • Possibilities for financial gain in developing nations

CHALLENGES

  • Technology and collecting kit prices are very high

  • Application of Low Sensitivity Screening

IMPACT OF COVID-19

The COVID-19 pandemic has greatly expanded drug creation and research activities, putting additional strain on the healthcare sector. However, the pandemic's first effects were detrimental, causing a lack of some goods. Due to the COVID-19 public health emergency, there were substantial disruptions in the vendor supply chains, and testing kits were in higher demand. The market has benefited from increased efforts made by numerous public and private groups to maximize product supply and output. It is envisaged that these partnerships between government agencies and business stakeholders will be extremely beneficial to manufacturers all over the world and encourage market expansion.

VALUE CHAIN ANALYSIS

The market for virology specimen collection is expected to increase significantly over the course of the forecast period. This is explained by the increase in blood donations, the incidence of viral infections, and government licensing of novel and sophisticated detection methods. Additionally, the COVID-19 outbreak-related spike in demand for collecting samples kits across the globe has added to the market's expansion. The market's value chain analysis is made up of five key elements: research & product design, product production, distribution & sales, and post-marketing surveillance. New models and designs are added during the research and product development stages to improve and increase the efficiency of the devices, with the primary goal of manufacturers being to design for patient comfort. The assembling of raw materials is the first step in the production process. After speedy manufacturing, the product is tested for comfort, accuracy, and safety. In the analysis of the market value chain, distribution and sales are essential components. It includes avenues for direct selling as well as intermediaries. The importance of post-sales monitoring in this sector cannot be overstated. The follow-up phase provides information on product sales and aids in understanding any product limits or user comments.

By Product Type

Swabs: Swabs are tiny, pliable bits of material that are used to clean cuts or to remove a tiny sample of a substance from the body or the substance itself so that it may be evaluated. Sterile swabs for upper respiratory specimen collection can be packaged in two different ways, including individually wrapped and bulk packaged, according to research released by the Centers for Disease Control and Prevention (CDC).

Swabs from the back of the nose and throat are known as nasopharyngeal (NP) swabs and are used to collect clinical test samples of nasal secretions. The fastest segment growth is in this one.

Swabs from the oropharynx are known as oropharyngeal (OP) swabs, and they are used to detect bacteria or viruses that could infect the throat.

Viral Transport Media: A swab and a tube of transport media are included in a package called a viral transport media.

Kits for collecting blood: Medical professionals can collect blood samples with the blood collection kit to identify diseases.

Other: A different product category is specimen collection. This is the procedure for gathering fluids or for laboratory analysis or testing close to a patient.

By Application

The virology specimen collection kit allows samples to be taken from the patient's nose using an approved self-collection kit that contains nasal swabs and saline to identify the disease or condition based on the person's symptoms and signs.

Research: To conduct research for the introduction of vaccinations or drugs for illness prevention, samples from patients are collected using virology specimen collection kits. The sector with the fastest growth is this one.

By End User

The virology specimen collection kit allows samples to be taken from the patient's nose using an approved self-collection kit that contains nasal swabs and saline to identify the disease or condition based on the person's symptoms and signs.

Research: To conduct research for the introduction of vaccinations or drugs for illness prevention, samples from patients are collected using virology specimen collection kits. The sector with the fastest growth is this one.

KEY MARKET SEGMENTS:

By Product Type

  • Swabs

  • Viral Transport Media

  • Blood Collection Kits

By Application

  • Diagnostics

  • Research

By End User

  • Hospitals & Clinics

  • Diagnostic Centers

REGIONAL ANALYSIS

The market for collecting virology specimens has been divided into five main geographic areas: North America, Europe, Asia Pacific, and the Rest of the World. The greatest regional market for the collecting of virology specimens was North America. The high prevalence of TTIs, increased NAT implementation, and technological advancements such portable diagnostics are all responsible for North America's significant market dominance.

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 Middle East
  • Africa
    • Nigeria
    • South Africa
    • Rest of Africa

Latin America

  • Brazil
  • Argentina
  • Colombia
  • Rest of Latin America

KEY PLAYERS:

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.

Medline Industries, Inc-Company Financial Analysis

Company Landscape Analysis

Virology Specimen Collection Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 6.11Billion
Market Size by 2031 US$ 9.27 Billion
CAGR CAGR of 5.35% 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.

Frequently Asked Questions

 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 5.35% 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

    1. Swabs

9.4 Viral Transport Media

9.5 Blood Collection Kits

10. Virology Specimen Collection Market Segmentation, By Application

10.1 Introduction

    1. Trend Analysis

10.3 Diagnostics

10.4 Research

11. Virology Specimen Collection Market Segmentation, By End-User

11.1 Introduction

11.2 Trend Analysis

    1.  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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Secondary Research

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Primary Research

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Data Bank Validation

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