Virology Specimen Collection Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

Virology is typically the study of viruses which involves assessing the different species of viruses, the genetics and disease-producing properties of a virus, and the effect of vaccines, treatments and/or drugs on the biology of viruses.

Virology specimen collection involves the collection of virus specimens for laboratory analysis or near-patient testing to ensure the accurate diagnosis of a viral disease. The specimens are usually collected on the onset of clinical symptoms or during the acute phase of infection when viral concentration is at its maximum. All specimens are stored in sterile containers and refrigerated immediately upon collection.

The global virology specimen collection market includes players who offer virology specimen collection products such as blood collection kits, specimen collection tubes, viral transport media, and swabs. These products are used to collect various types of samples including, blood samples, nasopharyngeal samples, throat samples, nasal samples, cervical samples, oral samples, and other samples.  

The global virology specimen collection market size is estimated to decline at a compounded annual growth rate (CAGR) of -0.5% during the forecast period of 2022-2030.

Growth Drivers:

In the last few years, the incidence of viral diseases has been growing at a tremendous rate across major parts of the globe. Alongside, there has also been a swift growth in the emergence of newer pathogens. The rising number of viral diseases and the rapid emergence of newer pathogens have augmented the demand for virology specimen collection. This trend is estimated to continue in the upcoming years and is expected to considerably aid in the growth of the global virology specimen collection market.

Moreover, the molecular diagnostic companies operating in the healthcare industry are receiving huge amounts of funding from private and public agencies for the development of various viral specimen collection and diagnostic products and solutions. This has been a major growth driver for the global virology specimen market. For instance, Hologic Inc. received $7.6 million from the U.S. Department of Health and Human Services (HHS) and the U.S. Department of Defense in 2020 to raise the production of processing consumables and specimen collection and for SARS-CoV-2 testing.

Also, the leading market players present in the global virology specimen collection market are focusing on adopting various growth strategies such as new product launches, partnerships and collaborations, and mergers & acquisitions to enhance their market share and their global footprints. For instance, Becton, Dickinson recently collaborated with Babson Diagnostics in February 2020 to launch small-volume blood collection solutions for retail pharmacies. Similarly, in May 2020, Rocky Mountain Biologicals introduced the Viral Transport Medium for large-scale COVID-19 testing.

Furthermore, the growing number of blood donations, the augmenting need for innovation and advancement in virology specimen collection technologies, and the rising number of initiatives by governments and medical organizations are creating ample growth opportunities for the growth of the global virology specimen collection market.

On the other hand, the high cost of virology specimen collection technologies and the presence of alternative technologies are expected to hinder the growth of the global virology specimen collection market during the forecast period of 2022-2030.

Virology Specimen Collection Market Segmentation:

By Product Type:

·         Blood Collection Kits

·         Specimen Collection Tubes

·         Viral Transport Media

·         Swabs

 

By Sample:

·         Blood Samples

·         Nasopharyngeal Samples

·         Throat Samples

·         Nasal Samples

·         Cervical Samples

·         Oral Samples

·         Other Samples

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Virology Specimen Collection Market: Product Type Review: -

Based on product type, the global virology specimen collection market is segmented into blood collection kits, specimen collection tubes, viral transport media, and swabs. Among these, the viral transport media segment held the largest share of the global virology specimen collection market in 2021. The segment is anticipated to maintain its position in the market during the forecast period of 2022-2030.

 

Virology Specimen Collection Market: Sample Review: -

Based on sample, the global virology specimen collection segment is segmented into blood samples, nasopharyngeal samples, throat samples, nasal samples, cervical samples, oral samples, and other samples. Among these, the nasopharyngeal samples segment acquired the largest share of the global virology specimen collection market in 2022. The segment is estimated to further continue to lead the market during the forecast period of 2022-2030. The rapid detection of transmissible transfusion infection (TTIs) is largely attributed to this segment's large share. However, the blood samples segment is projected to register the highest growth in the global virology specimen collection market during the forecast period of 2022-2030.

 

Regional Outlook:

The virology specimen collection research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific and Latin America, and the Middle East & Africa.

 

Among all regions, the North American region commanded the global virology specimen collection market in 2022. The region is projected to remain dominant throughout the forecast period of 2022-2030. Countries such as the U.S. and Canada are the leading countries contributing to the virology specimen collection market in the North American region. The surging number of blood donations, the presence of leading manufacturers, and the increasing number of technological developments, including portable diagnostics in the region, are primarily ascribed to significant market share and the high growth of the market in the North American region.

 

On the other hand, the Asia Pacific region is expected to thrive at the highest growth rate in the market during the forecast period of 2022-2030.  The presence of emerging economies such as India, China, and Japan, the ever-growing old age and patient population, and the intensifying need for the diagnosis of various vital diseases and infections are predominantly driving the growth of the virology specimen collection market in the Asia Pacific region.

 

The report also identifies the country market outlook for virology specimen collection, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

 

Key Companies in Virology Specimen Collection Market:

The research report offers a competitive analysis of prominent companies operating in the global virology specimen collection market. Some of the leading players profiled in the market research report include:

·         Thermo Fisher Scientific Inc.

·         Titan Biotech Ltd.

·         Puritan Medical Products Co.

·         Hardy Diagnostics

·         Diasorin SA

·         Becton, Dickinson and Company

·         Quidel Corporation

·         Trinity Biotech

·         Vircell S.L.

·         Copan Italia S.p.A.

·         Other Players